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Hippo (HIPO) Q2 2026 Earnings Call Transcript
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The Motley Fool
Net Written Premium -- $183 million, a 71% increase year over year driven in part by a program-specific reinsurance change contributing $27 million.
2026 Gross Written Premium Guidance -- Raised to a range of $1.65 billion to $1.7 billion from the previous range of $1.45 billion to $1.525 billion.
Q2 gross written premium grew 61% year-over-year to $482 million, up from $299 million in Q2 of last year.
Net written premium in Q2 grew 71% year-over-year to $183 million, slightly ahead of the expansion of gross written premium, driven by a program-specific reinsurance change, accounted for $27 million of net written premium this quarter.
From a mix perspective, homeowners generated $76 million of net written premium in the quarter, representing 42% of total net written premium, down from 59% last year.