Insurtech Hippo posted third quarter 2025 internet revenue of $98 million in contrast with a internet lack of $9 million a yr in the past throughout the identical interval.
San Jose, California-based Hippo’s Q3 mixed ratio improved to 100—a 28-point enchancment from Q3 2024.
President and CEO Rick McCathron known as Q3 a “breakout quarter,” recording a revenue for the primary time.
“We’re working as a unified, technology-native platform that’s driving worthwhile progress, deepening diversification, and positioning us for long-term success,” he mentioned in a press release.
Web revenue in Q3 was primarily pushed by a $91 million internet acquire on the sale of its homebuilder distribution community to The Baldwin Group, closed in Q3. Hippo additionally bought its majority stake in First Join within the fourth quarter 2024.
Web written premium grew 30% to about $118 million. Hippo, the provider for over 30 MGA applications within the U.S., mentioned the renters insurance coverage line was the primary driver, with progress of $18 million yr over yr. Renters now includes 22.4% of Hippo’s internet premiums, up from 9.6% at the moment a yr in the past. Industrial multiperil additionally makes up extra of Hippo’s guide of enterprise, rising in Q3 to account for 11.5% of premiums from 2.5% in Q3 2024.
Associated: Hippo: From Dwelling Insurance coverage to Hybrid Service Powerhouse
Matters
InsurTech
Revenue Loss
Tech
Was this text helpful?
Listed below are extra articles it’s possible you’ll get pleasure from.
Excited by Insurtech?
Get automated alerts for this subject.