What is Hippo Holdings's latest dividend and current dividend yield?

What were the key takeaways from Hippo Holdings’s earnings call?

What factors drove the changes in Hippo Holdings's revenue and profit?

What is the revenue and EPS growth rate for Hippo Holdings year over year?

What does Hippo Holdings do and what are its main business segments?

What is Hippo Holdings's gross profit margin?

What is the market's earnings forecast for Hippo Holdings next quarter?

Did Hippo Holdings beat or miss consensus estimates last quarter?

**Key Takeaways**
- **Record growth and profitability**: 2025 GWP of $1.1B (24% YoY), combined ratio improved 25 pts to 113%, adj. net income of $18M.
- **Strategic diversification success**: Casualty (+92% YoY) and Commercial Multi-Peril (+75% YoY) drove diversification, reducing homeowners share from 47% to 34%.
- **Homeowners turnaround**: 15% renewal premium increase, relaunch of traditional policies via 50+ homebuilder partners, 2026 growth expected.
- **2026 outlook**: 27-36% GWP growth to $1.4-1.5B, combined ratio improvement to 103-105%, adj. net income of $45-55M.
- **Risk management**: 3% risk retention in casualty, short-tail exposures, and disciplined underwriting to maintain profitability.

**【CEO Summary Section】**
- **Record-breaking growth**: 2025 gross written premium reached $1.1 billion (24% YoY), with net written premium at $422 million (13% YoY). 
- **Improved profitability**: Combined ratio improved 25 pts to 113%, driven by a 17-pt decline in loss ratio and 8-pt expense ratio reduction.
- **Strategic diversification**: 
  - Homeowners (34% of GWP) saw 10% YoY decline but 15% renewal premium increase, with relaunch of traditional policies via 50+ homebuilder partners.
  - Casualty (24% of GWP) grew 92% YoY, with 3% risk retention and focus on short-tail ($<300k limits) exposures.
  - Commercial Multi-Peril (24% of GWP) expanded 75% YoY, targeting long-tenured programs.
- **2028 targets**: $2B+ GWP, $125M adj. net income, 18% ROE.

**【CFO Financial Commentary】**
- **Q4 2025 results**: 
  - GWP: $288M (40% YoY), NWP: $97M (23% YoY)
  - Net income: $6M ($0.23/share) vs $44M ($1.71/share) prior year (due to $46M gain from asset sale)
  - Combined ratio: 99.4% (8 pts improvement)
- **Full year 2025**: 
  - Adj. net income: $18M ($0.68/share)
  - Shareholders' equity: $436M (17% YoY growth)
- **2026 guidance**: 
  - GWP: $1.4-1.5B (27-36% growth)
  - NWP: $500-540M (19-28% growth)
  - Combined ratio: 103-105% (8-10 pts improvement)
  - Adj. net income: $45-55M

**【Q&A Highlights】**
- **Homeowners relaunch**: 
  - Focused on rate-adequate, geographically diversified policies
  - 15% renewal premium increase in 2025, with 2026 growth expected
  - Competitive through selective quoting and underwriting discipline
- **Casualty strategy**: 
  - 3% risk retention in 2025, targeting gradual increase
  - Short-tail ($<300k limits), 2-year claims duration
  - Reinsurance partnerships to manage tail risk

Hippo Holdings Inc.(HIPO)-20260225-2025 Q4 Earnings call transcript

- **Record Growth**: 33% YoY GWP to $311M, 100% combined ratio.
- **Disciplined Underwriting**: 48% loss ratio (vs. 73% YoY), 63-64% 2025 guidance.
- **New Lines Success**: Casualty 25% of GWP, renters retention 45%.
- **2025 Outlook**: $1.1B GWP, $57M net income, 64% loss ratio.
- **2028 Vision**: $2B GWP with 40% homeowners, 30% commercial, 30% casualty.
- **Westwood Impact**: 3-6 month lag, material 2026+.
- **Talent Expansion**: New data chief, 2 board members added.


**【CEO Opening Remarks】**
- Q3 2025 Results: Adjusted net income of $18 million, 33% year-over-year (YoY) growth in gross written premium (GWP) to $311 million.
- Strategic Shift: Transitioned to a unified carrier platform, reporting by line of business (LOB) instead of segments.
- Portfolio Diversification: Casualty and commercial multi-peril now 46% of GWP vs. 27% historical homeowners.
- Key Initiatives:
  - Westwood partnership: First policies bound, 3-6 month lag to volume.
  - New programs: 6 added, total 36, expanding commercial and casualty risk retention.
  - Talent: New Chief Data Officer and 2 board members added.

**【CFO Financial Commentary】**
- **Topline Growth**: 
  - GWP: $311M (+33% YoY), net written premium $118M (+30% YoY).
  - Casualty: 25% of GWP vs. 14% last year; commercial multi-peril 21% vs. 13%.
  - Renters retention up to 45% vs. 16% YoY.
- **Underwriting Performance**: 
  - Consolidated net loss ratio 48% (vs. 73% YoY), non-cat loss ratio 48% (vs. 50% YoY).
  - Combined ratio 100% (vs. 128% YoY).
- **Financials**: 
  - Net income $98M ($3.77/share) vs. $1M YoY.
  - Adjusted net income $18M ($0.70/share) vs. $1M YoY.
  - Shareholder equity $422M (+14% YoY).
- **Updated Guidance**: 
  - GWP: $1.09-1.11B (prev $1.05B) vs. $825M prior).
  - Net loss ratio: 63-64% (prev 67-69%).
  - Net income: $53-57M (prev $35-39M).
  - Adjusted net income: $10-14M profit (prev -$0-4M).

**【Q&A Highlights】**
1. **Casualty Growth**: 
  - Rick: Start with fully funded programs, scale risk retention post 6-12 months of data.
  - Guy: Writing cyber, commercial GL, and construction liability.

2. **Homeowners Competition**: 
  - Maintaining 10-15% rate adequacy, no repricing needed.
  - Admitted market softening but Hippo prioritizing new construction focus.

3. **2028 Mix Outlook**: 
  - $2B+ GWP with 40% homeowners, 30% commercial, 30% casualty.
  - 50%+ net written premium outside homeowners.

4. **Buybacks**: 
  - Capital for growth and strategic M&A, not share buybacks.


Hippo Holdings Inc. (HIPO) Q3 2025 Earnings Call Transcript

- **Revenue Growth**: 30% YoY to $117M, driven by hybrid fronting programs and HHIP expansion.
- **Profitability Milestone**: First quarter of positive net income ($1M) and adjusted net income ($17M).
- **Strategic Partnership Impact**: $100M Baldwin deal triples new home closings access, adding $23M in GWP.
- **Operational Efficiency**: 16% YoY expense decline, AI reducing claims cycle time by 30%.
- **Updated Guidance**: Full-year GWP raised to $1.07B-$1.1B, with Q3/Q4 cat loss ratios of 15% and 11%.
- **Liquidity Strength**: $604M cash, $18M remaining under share buyback program.

**【Management Opening Remarks】**
- Hippo announced Q2 2025 results, highlighting a strategic partnership with Baldwin Group to accelerate growth across 3 pillars: diversification, risk management, and market expansion.
- Emphasized disciplined underwriting and operational efficiency, with Q2 marking the first quarter of positive net income from operating activities.

**【CEO Commentary】**
- **Strategic Milestones**: Q2 revenue grew 30% YoY, driven by hybrid fronting programs and HHIP expansion. Net loss ratio improved to 47%, down 46ppts YoY.
- **Baldwin Partnership**: $100M deal to transfer homebuilder assets, tripling new home closings access. New programs added $23M in GWP, with premium retention approaching 40%.
- **Operational Excellence**: Fixed expenses declined 16% YoY, demonstrating scalability. AI-driven efficiency initiatives reduced claims cycle time by 30%.

**【CFO Financial Commentary】**
- **Q2 Financials**: GWP $299M (+16% YoY), revenue $117M (+31% YoY), adjusted net income $17M (vs. -$37M YoY). Net loss ratio 47% (vs. 93% YoY).
- **Guidance Update**: Full-year GWP raised to $1.07B-$1.1B, revenue $460M-$465M. Q3/Q4 revenue impacted by $5.5M/$6.5M from homebuilder asset sale.
- **Liquidity**: Cash and investments $604M, up $71M QoQ. Share buyback program reduced outstanding shares by 2.5%.

**【Q&A Highlights】**
- **Rate Actions**: Ongoing small rate increases to maintain profitability, with 80% of prior year rate hikes now in P&L.
- **Cat Risk Management**: Q3/Q4 HHIP cat loss ratio 15%/11%, with reinsurance layers protecting against >$50M events.
- **MGA Strategy**: 2 new commercial/casualty partners added, with risk participation starting at <10% and scaling based on performance.
- **AI Impact**: AI-driven underwriting reduced manual reviews by 40%, with 75% of policies now auto-approved.


Hippo (HIPO)-6 Aug 25-2025 Q2 Earnings call transcript

- **HHIP Dominance**: 35% YoY growth in HHIP from new homes, unaffected by wildfires, with cat-prone area exposure reduced.
- **Spinnaker Diversification**: 21% YoY growth in non-HHIP premium, supported by $50M surplus note for risk participation.
- **Wildfire Impact**: $45M loss from wildfires, but 2025 would have been EBITDA-positive excluding this event.
- **2025 Targets**: Q4 net profit and >$500M annual revenue run rate, with 2026+ guidance coming at Investor Day.
- **Efficiency Gains**: 18% YoY expense reduction, automation driving operating leverage.

**【CEO Summary Section】**
- **HHIP Growth**: Hippo Homeowners Insurance Program (HHIP) gross written premium increased 35% YoY, driven by new homes built to modern codes, which were unaffected by the Los Angeles wildfires. Existing home exposure in cat-prone areas has been reduced to mitigate volatility.
- **Spinnaker Expansion**: Written premium outside HHIP rose 21% YoY, with Spinnaker platform diversification reducing underwriting volatility. A $50M surplus note (pending regulatory approval) will fund growth without diluting equity.
- **Operational Efficiency**: Fixed expenses decreased 18% YoY, with automation and infrastructure investments supporting operating leverage.
- **Investor Day Preview**: Full details on 2025-2027 roadmap and financial targets will be shared at June 12 Investor Day.

**【CFO Financial Commentary】**
- **Revenue Growth**: Q1 2025 revenue reached $110M (+30% YoY), with Insurance-as-a-Service (IaaS) up 91% YoY to $39M and HHIP at $62M (+12% YoY). 
- **Loss Ratios**: HHIP gross loss ratio rose 41pts YoY to 121% due to wildfires, but non-PCS loss ratio improved 6pts to 53% from 2024 portfolio restructuring.
- **Cost Control**: Operating expenses fell 18% YoY to 30% of revenue, driven by lower sales/marketing and G&A costs.
- **Wildfire Impact**: $45M of Q1 net loss ($48M total) attributed to wildfires, with no recoupment from policyholders included in guidance.
- **2025 Guidance**: Full-year revenue $465-475M, adjusted EBITDA loss $35-39M, net loss $65-69M. Q4 2025 target: >$500M annual revenue run rate and net profit.

**【Q&A Highlights】**
- **Surplus Note Details**: 9.5% cost, $50M to fund Spinnaker risk participation and HHIP expansion. Hippo policies written on Spinnaker paper allow capital pooling across businesses.
- **Inflation Strategy**: Coverage A automatically adjusts for labor/material cost inflation at policy renewal, ensuring adequate protection without regulatory lag.
- **FAIR Plan Assessment**: $45M wildfire-related cost includes Spinnaker and HHIP portions. Future policyholder recoupment not included in financials.
- **Profitability Path**: Excluding wildfires, 2025 would have been EBITDA-positive. 2026+ guidance to be shared at Investor Day.

Hippo (HIPO)-7 May 25-2025 Q1 Earnings call transcript

- **Record Q4 Performance**: $8.5M adjusted EBITDA vs. -$22.5M last year, revenue up 58% to $102M.
- **Margin Transformation**: HHIP gross loss ratio down 30ppt to 73%, non-PCS loss ratio under 45% in Q4.
- **2025 Outlook**: $465M revenue target (+25% YoY), net income profitable by year-end with Q4 gross loss ratio <60%.
- **Wildfire Impact**: $42M Q1 losses (net of reinsurance) offset by strong reinsurance tower, no material impact on 2025 cat retention.

**CEO Summary Section**
- Achieved record Q4 and full-year 2024 results with positive adjusted EBITDA of $8.5 million and revenue growth of 58% YoY to $102 million.
- Reduced gross loss ratio in HHIP program to 73% for 2024, with non-PCS loss ratio under 45% in Q4, nearing long-term target of 40%.
- Completed portfolio transformation with 80% reduction in wind/hail exposure, enabling margin-enhancing growth in new homes channel.
- On track to achieve net income profitability by end of 2025, with Q4 2025 gross loss ratio guided below 60%.

**CFO Financial Commentary**
- Total generated premium (TGP) grew 10% YoY to $295M, driven by 22% growth in Insurance as a Service (IAS) segment.
- Revenue growth outpaced TGP, with net earned premium retention rising to 83% in HHIP (vs. 29% last year).
- Operating expenses declined 19% YoY to 35% of revenue, enabling $44M net income (vs. -$42M last year).
- 2025 revenue guidance raised to $465M (25% YoY growth), with focus on improving loss ratios and maintaining expense discipline.

**Q&A Highlights**
- Q1 2025 wildfire losses of $42M (net of reinsurance/subrogation) will be offset by strong reinsurance tower and minimal impact on 2025 cat retention.
- IAS pipeline remains robust with >100 program opportunities, focusing on high-quality partners with strong underwriting track records.
- Sales & marketing efficiency improved, with plans to maintain disciplined spending while pursuing high-return growth opportunities.

Actual	-3.75	-2	-2.75	-3	-3.25	-5.66	-2.74	-3.01	-4.61	-2.24	-1.76	-1.47	-1.64	-0.34	1.71	-1.91	0.05	3.77	0.23
Forecast		-1.75	-1.75	-2.2897	-2.625	-2.8675	-2.6275	-2.4244	-2.7575	-2.4043	-1.98	-1.3059	-1.5712	-0.9136	-0.17	-1.5825	-0.6752	2.3462	0.09
Surprise	0.00%	-14.29%	-57.14%	-31.02%	-23.81%	-97.38%	-4.28%	-24.15%	-67.18%	+6.83%	+11.11%	-12.57%	-4.38%	+62.78%	+1105.88%	-20.70%	+107.41%	+60.69%	+155.56%

HIPO

HIPO fundamentals

HIPO Q4 2025 Earnings

Earnings Call

You can ask Aime

HIPO

HIPO fundamentals

HIPO Q4 2025 Earnings

Earnings Call

HIPO Earnings Call Summary for Q4/20258:00 AM on Feb 25, 2026

HIPO Earnings Call Summary for Q3/20258:00 AM on Nov 5, 2025

HIPO Earnings Call Summary for Q2/20258:00 AM on Aug 6, 2025

HIPO Earnings Call Summary for Q1/20255:00 PM on May 7, 2025

HIPO Earnings Call Summary for Q4/20248:00 AM on Mar 6, 2025

You can ask Aime