Hippo Holdings

Hippo will act as a fronting carrier for more than $500 million of annually written gross premiums from Accelerant’s U.S. portfolio; the agreement is effective immediately, the full program begins on October 1, 2026 and applies to 2027. Hippo will gain access to Accelerant’s specialty insurance portfolio, underwriting analytics, expanded distribution and reinsurance connectivity. Following the expansion, Hippo raised its targets and now expects more than $2.5 billion of written gross premiums for 2028 and adjusted net income of over $140 million. » Más en de.investing.com

Hippo reported booked gross premiums of $332 million for Q1 2026 (+58%) and a combined ratio of 99.5% after an improvement of 60 percentage points. The company posted a net profit of $7.1 million versus a loss in the prior year and reported revenue growth as well as a higher adjusted return on equity. Hippo launched the AI claims platform Clara, expects more than 70% of claims to be reported digitally, and forecasts efficiency gains of around 30%. Full‑year 2026 guidance was raised, while management and analysts warned of competitive pressure and potential volatility from catastrophe losses. » Más en de.investing.com

Hippo announced that Stewart Ellis will relinquish his role as Executive Vice President and Chief Strategy Officer on May 1 and will serve as a member of the board of directors from June 3. Ellis is moving into an advisory role; since 2019 he has supported several acquisitions and the IPO and was instrumental in the company’s strategic direction. The company recently reported improved fundamentals with 26% revenue growth and profitability over the past twelve months and is trading at a P/E of 12.23. » Más en de.investing.com