insurance

Hippo Reports Q1 2026 Profit After Reversing Last Year's Loss

April 30, 2026

1 source

Insurance Journal

Story Summary

San Jose-based insurtech Hippo posted net income of approximately $7.1 million in Q1 2026, reversing a $47.7 million net loss recorded in the same period last year. Driven by reduced catastrophe losses and increased gross written premiums of $332 million, the company achieved a combined ratio of 99.5. Growth was primarily attributed to casualty and commercial multiperil lines, while the renters segment contracted.

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