Insurance platform Hippo Holdings Q3 revenue beats estimates
HIPO•Hippo said Q3 revenue rose 29% year over year to $156 million and adjusted EPS was $0.74, beating analyst expectations. It raised 2026 gross written premium, revenue and combined ratio guidance.
1. Quarterly results
Hippo reported Q3 revenue of $156 million, up 29% year over year, and adjusted EPS of $0.74, compared with analyst expectations of $156.92 million in revenue and $0.51 in adjusted EPS. Gross written premium increased 60% year over year, and the combined ratio improved to 98.4%.
2. Higher 2026 outlook
The company raised its 2026 gross written premium guidance to $1.7 billion-$1.75 billion from $1.65 billion-$1.7 billion and its revenue forecast to $585 million-$590 million from $580 million-$585 million. It now expects a 2026 combined ratio of 97%-98%, compared with its prior forecast of 99%-101%.
3. Growth drivers
Hippo said growth in Casualty and Commercial Multi-Peril lines drove the increase in gross written premium. It attributed the expense ratio improvement to net earned premium growth outpacing growth in its expense base.
