{"id":3578,"date":"2025-11-05T16:00:16","date_gmt":"2025-11-05T17:00:16","guid":{"rendered":"https:\/\/beijingcareer.com\/?p=3578"},"modified":"2025-11-05T18:26:39","modified_gmt":"2025-11-05T18:26:39","slug":"hippo-reports-net-income-of-98m-for-q325-up-from-net-loss-of-9m-last-year","status":"publish","type":"post","link":"https:\/\/beijingcareer.com\/index.php\/2025\/11\/05\/hippo-reports-net-income-of-98m-for-q325-up-from-net-loss-of-9m-last-year\/","title":{"rendered":"Hippo reports net income of $98m for Q3\u201925, up from net loss of $9m last year"},"content":{"rendered":"

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.<\/p>\n

\"HippoFor the quarter, Hippo\u2019s adjusted net income is $18 million, compared to a $1 million net adjusted loss in Q3 of last year.<\/p>\n

This was supported by a 33% increase in the firm’s gross written premium for the quarter to $311 million, compared to $234 million in Q3\u201924. This growth was driven by both the Casualty and CMP lines, which were up 137% and 123% over last year, to $76 million and $66 million, respectively.<\/p>\n

Additionally, Hippo\u2019s net written premium of $118 million grew by $27 million or 30% from $90.6 million in Q3\u201924, driven by the Renters line, which grew by $18 million year over year.<\/p>\n

This quarter saw a revenue growth of 26% to $121 million from $96 million in Q3\u201924, driven by higher net earned premium up 41% to $100 million, which more than offset a $5 million reduction in commissions following the sales of First Connect and the firm\u2019s homebuilder distribution network over the last year.<\/p>\n

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\"Brit<\/a><\/div>\n<\/div>\n

Additionally, net loss ratio improved by 25 percentage points to 48% in Q3\u201925 from 73% in the comparable quarter, due to the lack of \u201cmeaningful catastrophe losses\u201d in this quarter compared to Q3\u201924.<\/p>\n

Lastly, the combined ratio also improved by 28 percentage points to 100% from 128% in Q3\u201924, benefiting from improved underwriting results, including a 3% improvement to the expense ratio.<\/p>\n

Overall, Hippo\u2019s total investments rose to $420 million in the third quarter of 2025, up from $373.3 million in the same period of 2024.<\/p>\n

Rick McCathron, President and Chief Executive Officer, Hippo, commented: “Q3 was a breakout quarter for Hippo as we continued to execute with discipline and momentum across every part of the business.<\/p>\n

“We grew gross written premium by 33%, expanded our platform to 36 programs, and delivered significantly improved underwriting results, including a 25-point improvement in our net loss ratio. We’re operating as a unified, technology-native platform that’s driving profitable growth, deepening diversification, and positioning us for long-term success.”<\/p>\n

The post Hippo reports net income of $98m for Q3’25, up from net loss of $9m last year<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

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\u2019s adjusted net income is $18 million, […]<\/p>\n","protected":false},"author":1,"featured_media":2081,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[12],"tags":[],"_links":{"self":[{"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/posts\/3578"}],"collection":[{"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/comments?post=3578"}],"version-history":[{"count":3,"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/posts\/3578\/revisions"}],"predecessor-version":[{"id":3581,"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/posts\/3578\/revisions\/3581"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/media\/2081"}],"wp:attachment":[{"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/media?parent=3578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/categories?post=3578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/tags?post=3578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}