Insurtech Hippo posted net income for the second quarter 2026 of $10.1 million compared with about $1.3 million for the period a year ago.
For the first six months of 2026, net income at the San Jose, California-based insurer was $17.2, reversing a loss of $46.4 million at the same point in 2025.
Hippo President and CEO Rick McCathron said the results are “a proof point of the value Hippo brings to both its partners and customers.” The company credited improvements to underwriting and scale. Net premium written (NPW) increased more than 71% to $183.2 million in Q2.
Hippo stepped up its commercial multiperil and casualty writings in Q2. Casualty NPW was $35 million compared with $1.5 million for Q2 2025. Commercial multiperil NPW jumped 95% to $50.7 million.
“The overall growth strategy is focused on improving underwriting profitability and reducing volatility, including through greater portfolio diversification,” Hippo said in its earnings statement.
The combined ratio for Q2 and the first half 2026 were 95.8 and 97.5, respectively. These results improved upon 100.1 and 128.7 in 2025.
Catastrophe losses for Q2 remained flat compared with a year ago at $8 million, but non-catastrophe losses were up to $51.8 million versus $36.5 million for Q2 2026.
Results for Q2 follow Hippo’s net income of about $7.1 million posted for Q1, reversing a loss of $47.7 million for Q1 2025.
Topics Profit Loss Commercial Lines Business Insurance Casualty
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