Digital home insurer Hippo Q3 revenue beats estimates

Hippo Holdings

05/11/2025 11:07

Overview

Hippo Q3 2025 revenue grows 26% yr/yr, beating analyst expectations

Net income for Q3 rises to $98 mln, driven by $91 mln gain on asset sale

Gross written premium increases 33% yr/yr, reflecting strategic diversification

Outlook

Hippo forecasts Q4 gross written premium between $269 mln and $289 mln

Company expects full-year gross written premium of $1,090-1,110 mln

Hippo anticipates Q4 net income between $1 mln and $5 mln

Result Drivers

GROSS WRITTEN PREMIUM - Growth driven by Casualty and CMP lines, offsetting Homeowners decline

ASSET SALE - $91 mln gain from sale of homebuilder distribution network boosts net income

UNDERWRITING IMPROVEMENT - 25-point improvement in net loss ratio due to lack of significant CAT losses

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$121 mln
$116.97 mln (4 Analysts)
Q3 Net Income
$98 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the property & casualty insurance peer group is "buy"

Wall Street's median 12-month price target for Hippo Holdings Inc is $43.00, about 16.5% above its November 4 closing price of $35.89

Press Release: ID:nPn44MY9ha

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)