Hippo Holdings Inc. 1Q 2026: Revenue $121.5M, Net income $7.1M, Diluted EPS $0.27— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Hippo Holdings Inc. reported its Q1 2026 results, showing revenue of $121.5M and net income of $7.1M, a significant improvement from a net loss of $47.7M in the prior year. The diluted EPS rose to $0.27 from a loss of $1.91. Key drivers included a 13% increase in net earned premiums to $98.9M and improved underwriting efficiency, with the combined ratio tightening to 99.5%. Liquidity remains strong with cash reserves and a $50M surplus note issued to enhance underwriting capacity.
Hippo Holdings Inc. reported first-quarter 2026 results with revenue of $121.5M and net income of $7.1M, driven by growth in earned premiums and improved underwriting results versus the year-ago quarter.
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $121.5M | $110.3M | 10.2% |
| Net income² | $7.1M | ($47.7M) | 114.9% |
| Diluted EPS³ | $0.27 | ($1.91) | 114.1% |
¹ Reported as “Total revenue”. ² Reported as “Net income (loss) attributable to Hippo”. ³ Reported as “Net income (loss) per share attributable to Hippo”.
Business Highlights
- Net earned premium rose 13% year over year to $98.9M, led by expansion in Commercial Multi-Peril and Casualty lines.
- Channel and mix shifted toward third‑party MGA fronting, with gross written premium up 58% as Casualty and Commercial volumes increased.
- Underwriting efficiency improved: combined ratio tightened to 99.5% from 159.2%, aided by the absence of Q1 2025 wildfire catastrophes and underwriting actions.
- Costs and headcount changed after the divestiture of the homebuilder network reduced sales/marketing and G&A expense, while technology spend increased alongside higher headcount.
- Liquidity remained strong with cash and securities on hand and a $50M surplus note issued to support underwriting capacity and MGA program growth.
Original SEC Filing: Hippo Holdings Inc. [ HIPO ] - 10-Q - Apr. 29, 2026