Hippo posts Q3 profit, lifts full‑year revenue and earnings outlook
Hippo Holdings reported third‑quarter 2026 net income of $9 million and adjusted net income of $20 million, with revenue of $156 million, up 29.4% YoY. The insurer beat analysts’ expectations, posting adjusted EPS of $0.74 versus a consensus loss forecast, and improved its combined ratio to 98.4%. It raised its full‑year 2026 guidance to $585 million‑$590 million of revenue and $77 million‑$80 million of adjusted net income, and increased the gross‑written‑premium target to $1.70 billion‑$1.75 billion.
Why it matters
The higher revenue and profit guidance suggests stronger growth and profitability than previously expected, which could support a higher valuation for Hippo. The earnings beat and guidance lift also drove the stock up about 4.8% in pre‑market trading, indicating positive market reaction.
Key facts
- 1Net income was $9 million, or $0.33 per diluted share, for Q3 2026. prnewswire.com
- 2Adjusted net income was $20 million, or $0.74 per diluted share, for Q3 2026. prnewswire.com
- 3Revenue grew 29.4% YoY to $156 million. prnewswire.com
- 4Gross written premium was $498 million, up 60.1% YoY. prnewswire.com
- 5Combined ratio improved to 98.4%, a 1‑point YoY improvement. prnewswire.com
- 6Adjusted EPS of $0.74 beat the consensus estimate of a $0.01 loss by $0.75 per share. investing.com
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.