HIPO earnings analysis
What we found in HIPO's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Hippo Holdings Inc. demonstrated a positive turnaround in Q1 2026, reporting a net income of $7.1 million, which contrasts sharply with a net loss of $47.7 million in Q1 2025. Revenue totaled $121.5 million, a 10% increase year-over-year, driven by strong performance in its Commercial Multi-Peril and Casualty lines. Management noted challenges such as decreased commission income but reported improvements in overall profitability and pricing discipline.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Significant EPS Improvement
- Diluted EPS rose to $0.27 compared to a loss of $1.91 in the prior year.
- Revenue Growth
- Total revenue increased to $121.5 million, up from $110.3 million year-over-year.
- Net Income Turnaround
- Net income improved by $54.8 million compared to a net loss of $47.7 million last year.
- Reduced Expenses
- Total expenses dropped significantly by 27%, from $155.9 million to $114.3 million.
- Strong Premium Growth
- Gross written premium surged by 58% to $332.4 million from $210.9 million year-over-year.
- Improved Loss Ratios
- Net loss ratio improved to 48% from 105.9% a year earlier, indicating better underwriting performance.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Commission Income Decline
- Commission income fell 12% to $12.7 million from $14.4 million in the prior year.
- Challenging Market Conditions
- Risk factors identified remain stable, highlighting potential volatility in insurance markets.
- Retention Rate decrease
- Net retention rate dropped to 31% from 48% year-over-year.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.27
- Segment
- Homeowners $62.7M
- Segment
- Renters $17.0M
- Segment
- Commercial Multi-Peril $15.9M
- Segment
- Casualty $3.2M
- Segment
- Other $0.1M
What they said about what is next.
Management expects FY 2026 revenue in the range of $560M - $570M, with gross written premium guidance raised to $1.45B - $1.525B.
The filing reads better than the one before it.
What came before.
- 10-K · March 5, 2026
- Hippo positions itself as a technology-native, multi-carrier P&C platform focused on diversified, profitable growth: the filing states the company generated $1.1 billion of gross written premium in 2025 and had $436.1…
- 10-Q · November 8, 2024
- Hippo reported Q3 results with revenue of $95,500,000 and GAAP EPS of $(0.34), beating consensus on both top and bottom lines. Management continues to shift reinsurance strategy (retaining more premium for 2024 and…
- 10-Q · August 8, 2024
- Hippo reported solid revenue growth in Q2 2024, with total revenues of $89.6 million, up from $47.7 million in Q2 2023, marking an increase of 88% year-over-year. However, the company posted a larger-than-expected loss…
- 10-Q · November 2, 2023
- Hippo reported Q3 2023 Total Revenue of $57.7 million (vs. $30.7M in Q3 2022) and Total Generated Premium of $303.7 million (up 38% YoY from $219.9M). Underwriting performance improved materially versus the prior-year…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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