Hippo Holdings Inc.
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Range $17.5 – $45
Price Chart
About the company
Hippo Holdings Inc. delivers comprehensive home protection insurance solutions across the United States and the District of Columbia. Their product lineup features homeowners' insurance, providing coverage for risks such as fire, wind, and theft, in addition to commercial and other personal insurance offerings.
- CEO
- Richard Lyn McCathron
- IPO
- 2021
- Employees
- 540
- HQ
- San Jose, CA, US
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Similar companies
Peers in the same neighborhood.
- Market Cap
- $862.67M
- P/E
- 6.81
- Fwd P/E
- 35.63
- PEG
- 0.01
- P/S
- 1.70
- P/B
- 1.84
- EV/EBITDA
- 5.43
- Div Yield
- 0.00%
- Gross Margin
- 47.14%
- Op Margin
- 24.27%
- Net Margin
- 23.92%
- ROE
- 27.38%
- ROIC
- -10.74%
Latest fiscal year · YoY change
- Revenue
- $468.60M+25.9%
- Gross Profit
- $238.70M+221.3%
- Op Income
- $63.30M
- Net Income
- $57.70M+242.5%
- EPS
- $2.28+239.0%
- OCF Growth
- -80.6%
- FCF Growth
- -80.7%
- 52W High
- $38.98
- 52W Low
- $24.08
- 50D MA
- $29.17
- 200D MA
- $29.02
- Beta
- 1.55
- RSI (14)
- 60
- Avg Volume
- 160.89K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Hippo posted strong Q2 2026 growth and profitability, with premium expansion across casualty and commercial lines, improved underwriting, and a raised full-year outlook.· July 30, 2026
- Gross written premium rose 61% year over year to $482 million, while net income was $10 million and adjusted net income was $21 million.
- Combined ratio improved to 95.8%, with the accident year ex-CAT loss ratio at 45.8% and net expense ratio at 45.4%.
- Management raised full-year guidance for GWP, revenue, net written premium, combined ratio, and adjusted net income.
- Casualty and commercial multi-peril drove much of the growth, while homeowners returned to growth but remains an area where management is being selective.
- Hippo emphasized diversification, saying it now has more than 50 programs and is using AI and reinsurance changes to support scale and reduce volatility.
Q2 gross written premium increased 61% year over year to $482 million from $299 million. Revenue was $145 million, up 23% year over year. Net income was $10 million, or $0.38 per diluted share, versus a $9 million improvement from last year, and adjusted net income was $21 million, or $0.79 per diluted share, up 24% year over year. The net combined ratio improved 4 points to 95.8%, the net loss ratio was 50.4%, the accident year ex-CAT loss ratio improved to 45.8%, and the net expense ratio improved 8 points to 45.4%. For the full year, Hippo raised guidance to GWP of $1.65 billion to $1.7 billion, net written premium of $565 million to $580 million, revenue of $580 million to $585 million, net combined ratio of 99% to 101% inclusive of a 10% CAT loss ratio, and adjusted net income of $62 million to $70 million.
Rick McCathron framed the quarter as evidence that Hippo is scaling profitably, saying the company delivered its fifth straight quarter of profitability on both a stated and adjusted basis. He highlighted portfolio diversification across homeowners, CMP, and casualty, plus a shift toward more enterprise-level reinsurance that lowered PMLs by more than 30% across key return periods. He was optimistic about long-term growth, saying the company is ahead of its prior 2028 premium target and is now raising the bar to more than $2.5 billion of GWP and more than $140 million of adjusted net income by 2028.
Guy Zeltser focused on the financial improvement: $482 million of GWP, $183 million of net written premium, $145 million of revenue, $10 million of net income, and $21 million of adjusted net income. He cited retention of 38% versus 36% last year, with a program-specific reinsurance change contributing $27 million of net written premium in the quarter, and noted the stronger mix shift toward casualty and CMP. He also highlighted balance sheet improvement, with total stockholders' equity up 40% year over year to $466 million and book value per share up 36% to $17.65, and said full-year guidance was raised across growth, profitability, and revenue.
Analysts focused on whether Hippo is becoming less of a homeowners company and more of a multi-line carrier, and management said the goal is a diversified portfolio that can flex with market cycles rather than a fixed mix. Questions also centered on the Accelerant partnership, competitive pressure in homeowners and commercial property, whole-account quota share, and retention; management said Accelerant economics are standard and that growth is being pursued selectively, not at any cost. On homeowners retention, Hippo said it already retains nearly all of the attritional risk on its owned homeowners business, while broader property retention should stay roughly where it is.
The bull case from this call is that Hippo is growing quickly while improving underwriting and profitability at the same time. Management pointed to strong momentum in existing programs, more than 50 programs overall, and a reinsurance structure that reduces volatility while giving partners room to grow. The raised 2028 target and earlier-than-expected progress toward prior goals suggest management sees durable runway.
The main risks flagged on the call are softer homeowners and commercial property markets, rate moderation, and the need to stay selective as competition intensifies. Management also acknowledged that some of the casualty and CMP growth is helped by reinsurance structure changes and retention mix, which may not repeat each quarter. More broadly, the company is still balancing growth and underwriting discipline, and management said it will pull back in any line where growth is not accretive to the combined ratio.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 84.6%
- Shares Outstanding
- 26.39M
- Float Shares
- 22.33M
of shares held by institutions
128 13F filers
Buy/sell ratio 0.11. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Congressional trading
Senate and House stock disclosures for HIPO, newest first.
| Member | Type | Traded | |
|---|---|---|---|
| Marie NewmanHouse · IL03 | Buy | Nov 19, 21 | Filing → |
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Blackrock, Inc. | 1.50M | ▲ 226.53K |
| Vanguard Group Inc | 1.24M | ▲ 128.39K |
| Bond Capital Management, LP | 1.05M | ▼ 146.09K |
| Hood River Capital Management LLC | 901.43K | ▲ 293.17K |
| Vanguard Capital Management LLC | 898.02K | ▲ 35.61K |
| Geode Capital Management, LLC | 646.91K | ▲ 80.42K |
| Westerly Capital Management, LLC | 645.00K | ▲ 145.00K |
| State Street Corp | 443.72K | ▲ 37.10K |
| Dimensional Fund Advisors LP | 423.96K | ▲ 29.05K |
| Banco Bilbao Vizcaya Argentaria, S.A. | 403.59K | 0 |
| Morgan Stanley | 287.80K | ▲ 67.73K |
| Northern Trust Corp | 205.28K | ▲ 29.88K |
Held by 164 ETFs
Biggest fund positions in HIPO by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Aug 15, 26 | Ellis Stewart | other | 5,350 |
| Aug 15, 26 | Boettcher Laura | other | 1,586 |
| Aug 15, 26 | Ostergaard Torben | other | 1,340 |
| Aug 17, 26 | Ostergaard Torben | sell | 1,169 |
| Aug 15, 26 | Stienstra Michael | other | 1,259 |
| Aug 15, 26 | Zeltser Guy | other | 3,945 |
| Aug 15, 26 | McCathron Richard | other | 8,301 |
| Aug 10, 26 | McCathron Richard | sell | 5,000 |
| Jul 28, 26 | Zeltser Guy | sell | 1,669 |
| Jul 9, 26 | McCathron Richard | sell | 5,000 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our HIPO coverage
Recent articles, reports, and earnings notes.
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