Hippo Holdings Inc. (HIPO): Results of Operations and Financial Condition
Hippo Holdings Inc. (HIPO) filed an SEC Form 8-K — Results of Operations and Financial Condition. Hippo Reports Second Quarter 2026 Financial Results July 30, 2026 SAN JOSE, Calif. (PRNewswire) -- Hippo Holdings Inc. (NYSE: HIPO), a technology-native insurance platform reported net income of $10 million, or $0.38 per diluted share and adjusted net income of $21 million, or $0
How this was made
The 30-second read
Why it matters
Because the excerpt does not include the actual 2Q 2026 financial results or any specific guidance, it provides limited actionable information for trading beyond confirming the disclosure event occurred.
Market read
Traders should look for the missing Exhibit 99.2 figures and any stated outlook, since those are what typically move the stock after an 8-K results filing.
What to watch
Key drivers like loss ratios, premium growth, CAC, and reinsurance terms are not present in the excerpt, so risk/reward cannot be assessed yet.
Hippo reported $145M of revenue, $482M of gross written premium and $10.1M of net income in the second quarter of 2026, with a 50.4% loss ratio and 95.8% combined ratio.
The reported quarter combined 61% gross written premium growth and 23% revenue growth versus 2Q25 with positive net income of $10.1M and adjusted net income of $21.0M. Commercial Multi-Peril and Casualty gross written premium expanded, while the reported combined ratio was 95.8%.
Key metrics
as reported| Metric | Value | q/q | y/y |
|---|---|---|---|
| Gross Written Premiumother | $482M | – | 61% vs 2Q25 |
| Revenueother | $145M | – | 23% vs 2Q25 |
| Loss Ratioother | 50.4% | – | – |
| Combined Ratioother | 95.8% | – | – |
| Net Incomeother | $10.1M | – | – |
| Adjusted Net Incomenon-GAAP | $21.0M | – | – |
| Year-to-date Gross Written Premiumother | $815M | – | 60% vs 1H25 |
| Year-to-date Revenueother | $266M | – | 17% vs 1H25 |
| Year-to-date Loss Ratioother | 49.3% | – | – |
| Year-to-date Combined Ratioother | 97.5% | – | – |
| Year-to-date Net Incomeother | $17.2M | – | – |
| Year-to-date Adjusted Net Incomenon-GAAP | $38.2M | – | – |
| Homeowners Gross Written Premiumother | $107 | – | +22% YoY Change |
| Commercial Multi-Peril Gross Written Premiumother | $138 | – | GWP +65% 2Q26 vs 2Q25 |
| Commercial Multi-Peril NWP Retentionother | 37% | – | – |
| Casualty Gross Written Premiumother | $180 | – | +79% 2Q26 vs 2Q25 |
| Casualty NWP Retentionother | 20% | – | – |
| Accident Year x CAT Net Loss Ratioother | 45.8% | – | – |
| Total Programsother | 52 | – | – |
What drove it
- Commercial Multi-Peril was the largest line in Q2 at 37% of GWP compared to 22%.
- A program with 20YR history drives retention increase.
- Existing Programs GWP Growth was +79% 2Q26 vs 2Q25.
- 27 Programs added since 2024 with most from existing partners; staying very selective (reviewed +200 opportunities over that horizon).
- Technology is accelerating MGA time to market from months to weeks.
- Homeowners had >200 rate filings & 100% Rate Increase Since 2022.
- Reinsurance change added ~$21M of NWP this quarter.
Concerns
- The filing identifies severe weather events and other natural or man-made catastrophes as risks.
- The filing identifies the availability, adequacy, coverage, limits, pricing, and cession of insurance risk under reinsurance arrangements as risks.
- The company reported a 95.8% combined ratio for the second quarter and a 97.5% combined ratio year to date.
- The company identified extensive insurance industry regulation and scrutiny of state insurance regulators as risks.
What to watch
- Commercial Multi-Peril NWP retention, reported at 37% in 2Q26.
- Casualty NWP retention, reported at 20% in 2Q26.
- Accident Year x CAT Net Loss Ratio, reported at 45.8% in Q2'26.
- The effect of the reinsurance change that added ~$21M of NWP this quarter.
- Execution of homeowners rate filings, deductibles changes, roof payment schedules, and gross underwriting discipline.
Analysis
Hippo reported $482M of gross written premium in the second quarter, up 61% versus 2Q25, alongside $145M of revenue, up 23% versus 2Q25. The company reported $10.1M of net income and $21.0M of adjusted net income. Year-to-date gross written premium was $815M, up 60% versus 1H25, while year-to-date revenue was $266M, up 17% versus 1H25.
The reported underwriting measures were a 50.4% loss ratio and a 95.8% combined ratio for the quarter. Year-to-date, the loss ratio was 49.3% and the combined ratio was 97.5%. The Accident Year x CAT Net Loss Ratio was 45.8% in Q2'26, compared with 46.3% in Q1'26 as presented in the quarterly chart.
Commercial lines were a principal reported source of growth. Commercial Multi-Peril gross written premium was $138 in Q2'26, compared with $96 in Q1'26, and the company described GWP growth of +65% 2Q26 versus 2Q25. Commercial Multi-Peril NWP retention was 37%, compared with 18% in Q1'26. Casualty gross written premium was $180, compared with $101 in Q1'26, with the company reporting +79% growth 2Q26 versus 2Q25. Casualty NWP retention was 20%, compared with 13% in Q1'26.
Homeowners gross written premium was $107, compared with $87 in Q1'26, and the presentation reported +22% YoY Change. Management highlighted more than 200 rate filings and a 100% Rate Increase Since 2022, along with deductibles changes, roof payment schedules, and gross underwriting discipline. The company also stated that its reinsurance change added ~$21M of NWP this quarter.
The program platform expanded to 52 total programs in Q2'26 from 46 in Q1'26. The company stated that it added 27 programs since 2024, most from existing partners, and reviewed +200 opportunities over that horizon. No numerical forward outlook, capital-return activity, balance-sheet figures, or cash-flow figures were included in the supplied filing text.
Not in the filing
stated, not guessed- Period-end date
- GAAP gross profit or gross margin
- Operating income or loss
- Operating expenses
- Diluted or basic EPS, including GAAP and non-GAAP EPS
- Prior-year and prior-quarter revenue amounts
- Prior-year and prior-quarter total gross written premium amounts
- Prior-year and prior-quarter net income amounts
- Prior-year and prior-quarter adjusted net income amounts
- Operating cash flow
- Free cash flow
- Cash and cash equivalents
- Debt
- Share repurchases
- Dividends
- Numerical forward guidance
- Formal reportable-segment revenue disclosure
- Complete financial statements and non-GAAP reconciliation, which were not included in the supplied filing text
AlphaAI analysis generated from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was cross-checked against the filing text; consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
The article is an SEC Form 8-K (Item 2.02) for Hippo Holdings, with an attached Exhibit 99.2 described as the 2Q 2026 financial results investor update.
Ticker impact
Hippo filed an 8-K for Item 2.02, attaching its 2Q 2026 financial results investor update as Exhibit 99.2.
Near-term price impact cannot be inferred from the provided excerpt because it lacks the actual financial figures and any forward guidance.
The excerpt shows the filing type and forward-looking statement language, but omits the actual 2Q 2026 operating/financial metrics that would drive trading decisions.
Market effects
No sector read-through is possible from the excerpt because it does not include underwriting, growth, or profitability metrics.
None identifiable from the provided text.
None identifiable from the provided text.
Counterpoint
Treat this as a placeholder filing until the Exhibit 99.2 content with actual results is reviewed; boilerplate alone is not a trading catalyst.
Key entities
- companyHippo Holdings Inc.
Subject issuer filing an 8-K for results of operations and financial condition, with Exhibit 99.2 referenced as the 2Q 2026 investor update.
