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Hippo reports Q2 net income jump as commercial lines grow
Net premium written rose more than 71% to $183.2 million in Q2, with casualty NPW at $35.0 million versus $1.5 million a year earlier.
Hippo, an insurtech insurer based in San Jose, California, reported second-quarter 2026 net income of $10.1 million, compared with about $1.3 million in the year-ago period, according to Insurance Journal. For the first six months of 2026, net income was $17.2 million after reversing a $46.4 million loss in the same stretch of 2025.
The company attributed the improvement to better underwriting and increased scale. Hippo said it credited results to underwriting improvements and scale in its earnings statement, while also pointing to a growth strategy aimed at improving underwriting profitability and reducing volatility through greater portfolio diversification.
Hippo’s net premium written increased more than 71% to $183.2 million in Q2. Casualty NPW rose to $35.0 million from $1.5 million in Q2 2025, and commercial multiperil NPW climbed 95% to $50.7 million.
On profitability measures, Hippo reported a combined ratio of 95.8 for Q2 and 97.5 for the first half of 2026, improving versus 100.1 and 128.7 in 2025. Catastrophe losses in Q2 were flat at $8 million year over year, while non-catastrophe losses increased to $51.8 million versus $36.5 million a year earlier.