Hippo: Q3 net income falls to $8.8 million, but full-year guidance goes up

what happened

According to TradingView, which summarizes SEC filings with AI, Hippo earned $8.8 million in the third quarter of 2026, or $0.33 per diluted share. That compares with $98.1 million a year earlier, a figure boosted by a $95.0 million gain from selling a business. Adjusted net income reached $20.0 million, or $0.74 per share, up from $18.3 million. Revenue climbed 29.4% to $156.0 million, mainly on higher net earned premium.

The insurer also raised its 2026 outlook: revenue is now expected at $585 million to $590 million, adjusted net income at $77 million to $80 million, and the combined ratio at 97% to 98%. Gross written premium grew 60% to $498.1 million, with Casualty up 146%.

why it matters

Premium growth and a lower expense ratio, which fell to 41.7% from 52.0%, support the improved forecasts. The year-over-year drop in net income looks worse than the underlying picture because the prior-year quarter included a one-time business sale gain, so investors will focus on adjusted figures.

market impact

Hippo shares: raised 2026 outlook supports the stock, despite lower headline net income

• ▲Hippo shares pressure up — raised guidance for revenue and adjusted net income

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