Digital home insurer Hippo Q3 revenue beats estimates

Reuters11-05
Digital home insurer Hippo Q3 revenue beats estimates

Overview

  • Hippo Q3 2025 revenue grows 26% yr/yr, beating analyst expectations

  • Net income for Q3 rises to $98 mln, driven by $91 mln gain on asset sale

  • Gross written premium increases 33% yr/yr, reflecting strategic diversification

Outlook

  • Hippo forecasts Q4 gross written premium between $269 mln and $289 mln

  • Company expects full-year gross written premium of $1,090-1,110 mln

  • Hippo anticipates Q4 net income between $1 mln and $5 mln

Result Drivers

  • GROSS WRITTEN PREMIUM - Growth driven by Casualty and CMP lines, offsetting Homeowners decline

  • ASSET SALE - $91 mln gain from sale of homebuilder distribution network boosts net income

  • UNDERWRITING IMPROVEMENT - 25-point improvement in net loss ratio due to lack of significant CAT losses

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$121 mln

$116.97 mln (4 Analysts)

Q3 Net Income

$98 mln

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 $43.00, about 16.5% above its November 4 closing price of $35.89

Press Release: ID:nPn44MY9ha

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(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.)

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