CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 75-95% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

Insurance platform Hippo Holdings Q3 revenue beats estimates

By Reuters News


Overview

  • US insurance platform's Q3 revenue rose 29% yr/yr, beating analyst expectations

  • Adjusted EPS for Q3 beat analyst expectations

  • Gross written premium up 60% yr/yr, combined ratio improved to 98.4%


Outlook

  • Company raises 2026 gross written premium guidance to $1.7-$1.75 bln from $1.65-$1.7 bln

  • Company lifts 2026 revenue forecast to $585-$590 mln from $580-$585 mln

  • Hippo now expects 2026 combined ratio of 97%-98%, improved from prior 99%-101% view


Result Drivers

  • CASUALTY AND CMP EXPANSION - Co said growth in Casualty and Commercial Multi-Peril lines drove gross written premium increase

  • OPERATING LEVERAGE - Co attributed expense ratio improvement to net earned premium growth outpacing expense base growth


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$156 mln

$156.92 mln (5 Analysts)

Q3 Adjusted EPS

Beat

$0.74

$0.51 (5 Analysts)

Q3 EPS

$0.33

Q3 Adjusted Net Income

$20 mln

Q3 Net Income

$8.80 mln


Analyst Coverage

  • 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 $41.75, about 10.7% above its October 28 closing price of $37.71

  • The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 39 three months ago


Reuters Recommended Reads

  • Oct 28 - Heritage Insurance Q3 revenue slightly beats estimates

  • Oct 27 - Slide Insurance Q3 revenue, net income rise; lifts FY outlook

  • Oct 28 - Markel agrees Enstar ADC with $120 million risk premium, reports 91.9% Q3 combined ratio


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.