Hippo Holdings Inc. reports developments as a technology-native insurance group using a carrier platform to diversify risk across personal and commercial lines. Its recurring news centers on the Hippo Homeowners Insurance Program, underwriting performance, gross and net written premium, loss and combined ratios, book value, and revenue generated through owned and partner managing general agency channels.
Company updates also cover distribution relationships for homeowners insurance, AI-enabled claims and underwriting workflows, and governance changes. Hippo’s operating subsidiaries include Hippo Insurance Services, Spinnaker Insurance Company, Spinnaker Specialty Insurance Company, and Wingsail Insurance Company, with Hippo Insurance Services acting as a licensed property-casualty insurance agent for products underwritten by affiliated and unaffiliated insurers.
Hippo Holdings (HIPO) is expanding its AI-supported claims operations as its homeowners business grows nationally. Its Clara claims agent completed 81% of attempted FNOL calls without human intervention in August 2026. For Hippo-handled claims from April through August, customers received first contact in an average of 1.2 business hours, compared with the company’s two-business-hour goal.
In an August survey, 84% of customers with closed, paid Hippo-handled claims said they were very or extremely satisfied. Hippo reported 61% year-over-year growth in gross written premium for the second quarter of 2026, its fifth consecutive profitable quarter, and an increase to its full-year guidance.
Hippo (NYSE: HIPO) plans a major expansion of its Hippo Homeowners Insurance Program in the fourth quarter, increasing availability from 8 to 22 states through national distribution partners. The program will extend beyond newly built homes in 14 named states, supported by Hippo’s revamped quoting and underwriting platform.
According to Hippo, its updated technology cut per-state engineering effort for this 14-state rollout by about 70% versus the initial eight-state launch and added 30 underwriting rules. In Q2, gross written premium rose 61% year over year to $482 million, with $10 million net income and a 95.8% combined ratio, and the company raised its full-year outlook for gross written premium and adjusted net income.
Hippo (NYSE:HIPO) reported second quarter 2026 net income attributable to Hippo of $10.1 million, or $0.38 per diluted share, and adjusted net income of $21.0 million, or $0.79 per diluted share. Gross written premium rose 61.5% year over year to $482.2 million, while total revenue increased 23.4% to $144.7 million. The net loss ratio was 50.4%, the expense ratio 45.4%, and the combined ratio improved to 95.8% from 100.1% in Q2 2025. Book value per share increased to $17.65 and tangible book value per share to $15.56.
According to Hippo, full-year 2026 guidance was raised: gross written premium is now expected at $1.65–$1.70 billion, revenue at $580–$585 million, combined ratio at 99–101%, and adjusted net income at $62–$70 million, with a lower expected CAT loss ratio of 10%.
Hippo (NYSE: HIPO) reported early results from a company-wide rollout of AI tools, including Anthropic's Claude, now available to every function across the business. According to an internal survey covering the first 30 days, over 90% of employees used these AI tools, with 86% using them multiple times per week and 60% using them daily.
In the same survey, 60% of employees reported saving two or more hours per week and 20% reported saving five to ten hours weekly. Staff cited benefits such as using AI as a thinking partner and taking on tasks they previously would not have attempted. Hippo highlighted use cases in underwriting, claims, actuarial work, marketing, sales, audits, and software development, emphasizing that AI supports research, analysis, and audits while human teams retain judgment and decision-making.
Hippo (NYSE:HIPO) will release its second quarter 2026 financial results before market open on Thursday, July 30, 2026. Management will host an earnings conference call and live webcast at 8:00 a.m. ET / 5:00 a.m. PT for analysts and investors.
The earnings release and webcast replay will be available in Hippo's investor relations section at investors.hippo.com. Participants can join the call via dial-in at +1 833-461-5787 or through the provided webcast link.
Hippo Holdings (NYSE:HIPO) announced an enhanced partnership with Accelerant (NYSE:ARX) to expand access to specialty insurance.
Effective July 1, 2026, Hippo will act as fronting carrier for over $500 million in 2027 GWP and now expects to reach $2 billion GWP in 2027, one year earlier than planned. Updated 2028 guidance targets $2.5 billion GWP and $140 million adjusted net income, up from $2 billion and $125 million.
Hippo (NYSE:HIPO) announced engineering-wide deployment of Devin, Cognition's AI software engineer, on June 25, 2026. Devin supports faster, more reliable software development across rate filings, underwriting, distribution, risk management, and customer experience, helping Hippo manage complex, state-specific insurance regulations while freeing engineers for higher-value work.
Hippo Holdings (NYSE:HIPO) completed placement of its 2026 reinsurance program, effective June 1, 2026, marking a shift to a consolidated, corporate-level catastrophe structure protecting the full enterprise.
The program adds a whole account quota share across property and casualty, renews the Mountain Re catastrophe bond for three years including wildfire, provides a $513 million first-event limit, a $777 million aggregate limit, secures 15%–20% lower risk-adjusted rates, and reduces net PML by 31%–36% across 20–100 year return periods.
Hippo (NYSE:HIPO) promoted Laura Boettcher to Chief Operating Officer of Hippo Holdings, parent of Hippo Insurance, effective June 11, 2026. She will lead operations across the full enterprise, extending her focus on operational efficiency and customer-first service.
Boettcher previously served as COO of Hippo Insurance, Chief of Staff to the CEO, and Director of Reinsurance, and has nearly 20 years of insurance and reinsurance experience, including roles at Guy Carpenter, Home Value Protection, and CompWest Insurance.
Hippo (NYSE:HIPO) closed Mountain Re Ltd. (Series 2026-1), a $100 million catastrophe bond sponsored by subsidiary Spinnaker Insurance, providing multi-year collateralized reinsurance across key U.S. perils.
The three-year Class A Notes run to June 7, 2029 and newly expand coverage to wildfire.