Hippo Holdings Q2 adjusted EPS beats on premium growth; raises 2026 outlook

Hippo Holdings

30/07/2026 11:15

Overview
US insurance platform's Q2 adjusted EPS beat analyst expectations
Q2 revenue rose 23% yr/yr, driven by higher net earned premium and investment income
Company raised 2026 guidance for gross written premium, revenue, and adjusted net income

Outlook
Hippo Holdings raises 2026 gross written premium guidance to $1.65-$1.7 bln
Company expects 2026 adjusted net income of $62-$70 mln
Hippo Holdings sees 2026 combined ratio improving to 99%-101%

Result Drivers
PREMIUM GROWTH - Gross written premium rose 61% yr/yr, driven by strong growth in Casualty and Commercial Multi-Peril lines
UNDERWRITING PERFORMANCE - Improved net income was primarily attributed to stronger underwriting and benefits of scale
EXPENSE DISCIPLINE - Expense ratio improved 8 percentage points due to operating leverage and focus on expense control

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
Beat
$0.79
-$0.17 (4 Analysts)
Q2 EPS
 
$0.38
 
Q2 Adjusted Net Income
 
$21 mln
 
Q2 Net Income
 
$10 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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 44.2% above its July 29 closing price of $29.83
The stock recently traded at 32 times the next 12-month earnings vs. a P/E of 50 three months ago

Reuters Recommended Reads
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July 29 - Insurer Lemonade Inc's Q2 revenue rises on premium growth
July 29 - Porch Group Q2 adjusted core profit eases past estimates; annual outlook lifted

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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.)