Overview

• Insurance platform's Q4 revenue beat analyst expectations

• Adjusted net income for Q4 rose 20% yr/yr

• Company's Q4 net loss ratio improved by 12 percentage points

Outlook

• Hippo forecasts 2026 gross written premium between $1.4 bln and $1.5 bln

• Company expects 2026 net written premium between $500 mln and $540 mln

• Hippo targets combined ratio of 103% to 105% for 2026

Result Drivers

• PREMIUM GROWTH - Gross written premium increased 40% driven by growth in Casualty and Commercial Multi-Peril lines

• LOSS RATIO IMPROVEMENT - Net loss ratio improved 12 percentage points due to lower catastrophe losses

• NETWORK SALE IMPACT - Gain on sale of home builder distribution network contributed to net income

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "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 $40.00, about 38.6% above its February 24 closing price of $28.85

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