Hippo Hldgs Inc Stock Price, News & Analysis

Hippo (NYSE: HIPO) has appointed Robin Gordon as Chief Data Officer to lead the company's Data & Analytics function. Gordon, who previously served as Global Chief Data & Analytics Officer at MetLife where she managed data strategy for $65 billion in revenue across 60 countries, brings extensive experience from roles at Blackstone, KPMG, and CoreLogic.

In her new role, Gordon will focus on advancing predictive modeling, machine learning, and AI to enhance Hippo's risk management capabilities and drive sustainable growth. She will report directly to President and CEO Rick McCathron, supporting the company's mission as a technology-driven insurer.

Hippo (NYSE: HIPO) has strengthened its Board of Directors with the appointments of two distinguished insurance industry leaders: Laura Hay and Susan Holliday. Hay, former Global Head of Insurance at KPMG International, will serve on the Audit, Risk, and Compliance Committee and the Nominating and Corporate Governance Committee. Holliday, a global insurance expert with extensive board experience, joins the Audit, Risk, and Compliance Committee and the Compensation Committee.

Hay brings expertise from leading KPMG's insurance sector across 90 countries and currently serves on boards at MetLife and Everest Group. Holliday's experience includes leadership roles at Swiss Re, where she managed a $24.5 billion reinsurance business, and board positions at Acrisure Re and Tangerine Financial.

["Addition of two highly experienced insurance industry leaders to the board", "Enhanced governance expertise with both appointees having extensive risk management and audit committee experience", "Strategic expertise from managing multi-billion dollar operations and global teams"]

Hippo (NYSE: HIPO), a tech-enabled insurance group, has appointed Charles Sebaski as Head of Investor Relations, reporting to CFO Guy Zeltser. Sebaski brings over 25 years of insurance industry experience, including more than a decade as an equity research analyst in the P&C sector.

In his new role, Sebaski will focus on expanding investor and analyst awareness of Hippo's strategy, emphasizing strategic diversification, market growth, and risk management optimization. He will support the company during the September conference season and help prepare for the Q3 2025 earnings call in November. Prior to joining Hippo, Sebaski served as Managing Director, Head of Investor Relations at Ambac Financial Group.

Hippo (NYSE: HIPO) reported strong Q2 2025 financial results, marking its first quarter with positive net income from operating activities. The company achieved 31% year-over-year revenue growth to $117 million and 16% growth in Gross Written Premium to $299 million.

Key highlights include a significant improvement in the consolidated net loss ratio to 47%, representing a 46 percentage point improvement year-over-year. The company's financial position strengthened with cash and investments reaching $604 million, boosted by a $50 million surplus note issuance. Hippo also reported net income of $1 million, compared to a $40 million loss in Q2 2024, and adjusted net income of $17 million.

Hippo (NYSE: HIPO), the proactive protection-focused insurance group, has scheduled its second quarter 2025 financial results announcement for August 6, 2025, before market open.

The company will host a conference call and webcast for analysts and investors at 8:00 AM ET/5:00 AM PT. A shareholder letter containing the financial results will be available on the company's investor relations website before the call. The earnings call can be accessed via phone at +1 833 470 1428 (access code: 750648) or through the webcast link.

The Baldwin Group (NYSE:BWIN) has announced that its indirect subsidiary, Westwood Insurance Agency, LLC, has completed the acquisition of the homebuilder distribution network previously owned by Hippo Holdings (NYSE:HIPO). The acquisition involves purchasing all outstanding equity interests of various entities that comprised Hippo's homebuilder distribution network.

The Baldwin Group (BWIN) has announced the acquisition of Hippo Holdings' homebuilder distribution network, significantly expanding Westwood Insurance Agency's presence in the homebuilding industry. The acquisition will enable Westwood to provide insurance solutions to 20 of the top 25 homebuilders, representing over 35% of new single-family homes built in the U.S. annually. The acquired network generated $29.2M in trailing 12-month revenue and is expected to deliver $7M in adjusted EBITDA in the first year post-closing. Additionally, Baldwin's Millennial Specialty Insurance (MSI) has entered into program and claims administration agreements with Hippo affiliates, including Spinnaker Insurance Company, to provide additional capacity and reinsurance support. The deal is expected to close around July 1, 2025, and be neutral to Net Leverage while being accretive to 2026 pro forma adjusted Diluted EPS.

Hippo (NYSE: HIPO) unveiled its strategic roadmap and 2028 financial targets at its 2025 Investor Day, highlighting its evolution from a monoline homeowners insurance carrier to a diversified hybrid fronting platform. The company announced ambitious 2028 targets including gross written premium exceeding $2 billion, adjusted net income over $125 million, and adjusted ROE above 18%. A key announcement was a strategic partnership with The Baldwin Group, where Hippo will distribute its new construction homeowners product through Baldwin's Westwood Insurance Agency network, tripling its access to new construction homebuyers. Baldwin will acquire Hippo's homebuilder distribution network for $100 million, while Hippo's Spinnaker platform will expand its support of Baldwin's MGA programs. The company's strategy focuses on diversifying premium mix, capitalizing on home insurance market growth, and optimizing risk management across business lines.

Hippo (NYSE: HIPO) reported its Q1 2025 financial results, showing revenue growth of 30% YoY to $110M. The company's homebuilder channel drove a 35% YoY increase in gross written premium, while written premium outside the Hippo Home Insurance Program grew 21% YoY. However, the LA wildfires significantly impacted results, with the HHIP Gross Loss Ratio reaching 121% (41pp increase YoY). The company reported a Q1 net loss of $48M, up $12M YoY, largely due to wildfire impacts ($45M). Operating efficiency improved with fixed expenses declining by $7M while revenue increased by $25M YoY. Hippo announced signing a $50M surplus note agreement to support growth of diversified product lines. The company ended Q1 with $528M in cash and investments and will hold an Investor Day on June 12, 2025, in New York City.