Hippo Holdings Q2 adjusted EPS beats on premium growth; raises 2026 outlook
HIPO•Q2 results and drivers
- 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
- Gross written premium rose 61% yr/yr, driven by strong growth in Casualty and Commercial Multi-Peril lines
- Improved net income was primarily attributed to stronger underwriting and benefits of scale
- Expense ratio improved 8 percentage points due to operating leverage and focus on expense control
| 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 and valuation
- 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
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