Reinsurance News
Hippo
Hippo broadens reach with Progressive distribution agreement
20th March 2026
Hippo Holdings Inc., a US-based insurer specialising in homeowners cover and data-led underwriting, has entered into a distribution arrangement with Progressive Insurance, enabling Hippo's policies to be offered through Progressive’s existing sales infrastructure. Through an agreement with Progressive Advantage Agency, Inc., Hippo’s homeowners insurance products have been integrated into HomeQuote Explorer. These ... Read the full article
Hippo sees $6m net income and improved CoR in Q4’25
25th February 2026
Home insurance group Hippo has announced its financial results for the fourth quarter of 2025, reporting $6 million in net income, 40% gross written premium growth, and an improved combined ratio of 99%. Net income in Q4 2025 compares to a $44 million net income in Q4 2024, which included a ... Read the full article
Hippo reports net income of $98m for Q3’25, up from net loss of $9m last year
5th November 2025
Home insurance firm Hippo reported net income of $98 million for the third quarter of 2025, compared to a net loss of $9 million last year, driven by a $91 million net gain on the sale of the homebuilder distribution network and improved underwriting results. For the quarter, Hippo’s adjusted net ... Read the full article
Robin Gordon joins Hippo as Chief Data Officer
3rd October 2025
Hippo, a home insurance firm, has announced the appointment of data and artificial intelligence (AI) expert Robin Gordon as its new Chief Data Officer. In her new role, Gordon will lead the strategic growth and evolution of the company’s Data & Analytics function, reporting directly to Hippo President and CEO, Rick ... Read the full article
Hippo adds Hay and Holliday to Board of Directors
19th September 2025
Home insurance firm Hippo has appointed Laura Hay and Susan Holliday to its Board of Directors, with the former joining the Audit, Risk, and Compliance Committee and the Nominating and Corporate Governance Committee, and the latter the Audit, Risk, and Compliance Committee and the Compensation Committee. Most recently, Hay was the ... Read the full article
Hippo appoints Charles Sebaski as Head of Investor Relations
19th August 2025
Home insurance firm Hippo has announced the appointment of Charles Sebaski as Head of Investor Relations. In his new role, Sebaski will report to Guy Zeltser, Chief Financial Officer, and focus on broadening investor and analyst awareness of the strategy outlined at Hippo's June Investor Day, emphasising the company’s priorities of ... Read the full article
Hippo’s revenue increased 31% to $117m in Q2’25
6th August 2025
Home insurance firm Hippo reported a 31% year over year increase in revenue to $117 million in the second quarter of 2025, driven by growth in gross earned premium and higher premium retention. Gross written premium rose 16% to $299 million, supported by organic growth in existing business and the launch ... Read the full article
Hippo targets $2bn+ in GWP by 2028
13th June 2025
At its 2025 Investor Day, Hippo unveiled a three-year strategic roadmap, setting 2028 financial targets that include gross written premiums exceeding $2 billion, adjusted net income above $125 million, and an adjusted return on equity greater than 18%. Hippo has outlined its approach to creating shareholder value by diversifying its premium ... Read the full article
The Baldwin Group’s Westwood to acquire Hippo’s homebuilder distribution network
12th June 2025
The Baldwin Group has announced that its indirect subsidiary, Westwood Insurance Agency LLC, has entered into an agreement to acquire the homebuilder distribution network from Hippo Holdings, Inc. and its affiliates, expected to close on or around July 1st, 2025. Westwood will acquire all outstanding equity interests of the entities comprising ... Read the full article
Hippo reports 30% revenue growth amidst wildfire impact in Q1’25
12th May 2025
Home insurance group Hippo, has announced its financial results for the first quarter of 2025, reporting year-on-year revenue growth of 30% to $110 million, with net loss increasing by $12 million to $48 million, with the Los Angeles wildfires contributing $45 million. Despite the wildfires' impact, the company’s Insurance-as-a-Service (IaaS) revenue ... Read the full article
Hippo’s 2024 revenue up 77% in most successful year to date
6th March 2025
Home insurance group Hippo has revealed its 2024 revenue hit $372 million, up a massive 77% from 2023. In Q4 2024 alone, Hippo's revenue increased by 58% to $102 million, while net income attributable to the firm was $44 million, compared to a net loss of $42 million in Q4 2023. Meanwhile, ... Read the full article
Hippo’s $42m LA wildfire loss includes $15m gross savings from sale of subrogation rights
6th March 2025
Home insurance carrier Hippo has announced estimated losses from the January 2025 Los Angeles, California wildfires of $42 million pre-tax, net of reinsurance recoveries and subrogation, also revealing that it has agreed to sell its subrogation rights specific to its portion of losses from the Eaton wildfire. The insurer's $42 million ... Read the full article
Hippo sees Q3’24 revenue growth and improved net loss despite active hurricane season
8th November 2024
Home insurance firm Hippo has announced its financial results for the third quarter of 2024 reporting revenue growth of 65% year over year (YoY), with premium retention more in-line with risk-retention. For this quarter, the insurer reported $95 million in revenue growth, up from $58 million in Q3 2023. Total Generated ... Read the full article
Hippo expands home builder access to New Homes Program in California, Florida & Texas
14th October 2024
Home insurance firm Hippo has announced it will expand home builder access to its New Homes Program in California, Florida, and Texas by the end of the year. Hippo's New Homes Program expects to provide access to insurance for almost 50,000 additional new homes, which accounts for more than a third ... Read the full article
William Malone to serve as Vice President, Head of Agency at Hippo
10th October 2024
Home insurance firm Hippo has appointed 25-year industry veteran, William Malone as the Vice President, Head of Agency effective immediately. Malone will lead Hippo's sales, account management, and customer support functions. He has previously served in sales leadership positions at Chubb, Hartford, Liberty Mutual, and GEICO. Rick McCathron, Chief Executive Officer and ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
