Hippo Holdings Inc
NYSE:HIPO
Hippo Holdings Inc
Hippo Holdings, Inc. offers a different kind of home insurance, built from the ground up to provide a new standard of care and protection for homeowners. The company is headquartered in Palo Alto, California and currently employs 621 full-time employees. The company went IPO on 2020-11-19. The Company’s subsidiary, Hippo Analytics Inc., is a licensed insurance agency, which provides various insurance services, including some or all services for affiliated and non-affiliated insurance carriers, including soliciting, marketing, servicing, underwriting or providing claims processing services for a variety of commercial and personal insurance products. The Company’s insurance company subsidiaries, Spinnaker Insurance Company (Spinnaker), an Illinois domiciled insurance company, Spinnaker Specialty Insurance Company (SSIC), and Mainsail Insurance Company (MIC), underwrite personal and commercial insurance products on a direct basis through licensed insurance agents and surplus lines brokers. The insurance products offered through Hippo Analytics Inc. primarily include homeowners’ insurance policies, which protect customers from the risks of fire, wind and theft.
Hippo Holdings, Inc. offers a different kind of home insurance, built from the ground up to provide a new standard of care and protection for homeowners. The company is headquartered in Palo Alto, California and currently employs 621 full-time employees. The company went IPO on 2020-11-19. The Company’s subsidiary, Hippo Analytics Inc., is a licensed insurance agency, which provides various insurance services, including some or all services for affiliated and non-affiliated insurance carriers, including soliciting, marketing, servicing, underwriting or providing claims processing services for a variety of commercial and personal insurance products. The Company’s insurance company subsidiaries, Spinnaker Insurance Company (Spinnaker), an Illinois domiciled insurance company, Spinnaker Specialty Insurance Company (SSIC), and Mainsail Insurance Company (MIC), underwrite personal and commercial insurance products on a direct basis through licensed insurance agents and surplus lines brokers. The insurance products offered through Hippo Analytics Inc. primarily include homeowners’ insurance policies, which protect customers from the risks of fire, wind and theft.
Premium Growth: Hippo achieved over $1.1 billion in gross written premium for the first time, up 24% year-over-year, with strong growth in commercial lines offsetting a decline in homeowners.
Profitability: Net income for 2025 was $58 million, a $98 million improvement from the prior year, with combined ratio improving by 25 percentage points to 113%.
Diversification: Commercial multi-peril and casualty lines saw significant growth, now each representing 24% of gross written premium, while homeowners share declined to 34%.
2026 Guidance: Gross written premium is expected to grow 27–36% to $1.4–1.5 billion, with net written premium guided to $500–540 million and combined ratio improving to 103–105%.
Homeowners Relaunch: The homeowners product was relaunched outside the builder channel with improved risk management and pricing and is expected to return to growth in 2026.
Reserve Strength: Management reported positive reserve development for the full year and is confident in reserve adequacy entering 2026.
