Hippo Holdings Inc. · NYSE:HIPO
Hippo — Q1 2026 Earnings Presentation
24 slides from Hippo's earnings presentation, Apr 30, 2026
Slide 1: 1st Quarter 2026 Financial Results
1st Quarter 2026 Financial Results April 30th, 2026
Slide 2: Disclaimers
Disclaimers Cautionary Note Regarding Forward-Looking Statements Certain statements included in this presentation that are not historical facts are forward-looking statements for scrutiny of state insurance regulators, and the effects of existing or new legal or regulatory requirements on our purpos
Slide 3: Hippo at a Glance: 1st Quarter Highlights
Hippo-at- a-glance 1st Quarter Highlights Technology native, $332M $122M multi-line carrier platform Gross Written Premium Revenue +58% vs 1Q25 +10% vs 1Q25 Scalable and efficient capital structure Market Leader in the New Home Builder Channel 48.0% 99.5% Loss Ratio Combined Ratio Proven and Industr
Slide 4: Well-Positioned To Achieve Long-Term Vision
...Well-Positioned To Achieve Long-Term Vision Homeowners 2028 Growth Disciplined Targets Approach >$ 2B Renters Differentiated Diversified to Portfolio Distribution Carrier Optimization CMP GWP Platform and Risk >$ $ 1.1B Casualty Management 125M 2025 GWP Other 60-65% Tech- Adj. Net Income(1) Long-
Slide 5: AI Claims "Clara" Launch Q1'26
AI Claims “Clara” Launch Q1'26 We are fundamentally changing how we handle claims First Notice of Loss Over 70% of Homeowners Claims Are Expected to Be Filed Digitally Claims (announced Q1’26) Claims Efficiency 30% efficiency gains translates to more claims per adjuster with faster cycle times Hippo
Slide 6: AI Roadmap — 2026
AI Roadmap — 2026 Growing our Agentic A.I. Workforce Claims Service U/W Operations (announced Q1'26) (testing & iterating) (in development) (in development) Clara, Hippo’s First Hannah, Hippo’s service Hippo’s agentic AI-powered assistants Notice of Loss agent, agent, will handle assistants will and
Slide 7: Personal Lines Update: Return to Homeowners Growth in 2026
Personal Lines Update Return to Homeowners Growth in 2026 Homeowners Renters ~$87M GWP in 1Q2026 ~$41M GWP +17% in 1Q2026 ↑ Turned the corner to growth in Q1 ✓ One of Hippo's most seasoned programs Progressive + Westwood creates Excellent 10yr underwriting track record ↑ ✓ differentiated distributio
Slide 8: Commercial Lines Update: Increasing Risk Appetite in 2026
Commercial Lines Update Increasing Risk Appetite in 2026 Commercial Multi-Peril (CMP) Casualty ~$96M GWP +89% in 1Q2026 ~$101M GWP +193% in 1Q2026 Growth driven by multiple existing program Largest line in Q1 at 30% of GWP compared to partners 16% last year Growth driven by Commercial Property & Bus
Slide 9: Executing with Purpose
Executing with Purpose Carrying Strength World Class Momentum of Platform Team into 2026 & Beyond A technology-native insurance platform driving growth across owned and partner MGAs. 1st Quarter 2026 Financial Results 9
Slide 10: Performance Drivers: Growing & Diversifying
Performance Drivers: Growing & Diversifying 1Q26 vs 1Q25 Premium Mix $ Million 1Q2026 Driving Factors: $332.4 Casualty GWP & NWP $210.9 $100.3 $101.4 CMP Lines GWP Renters Retention 1Q2025 GWP 1Q2026 GWP 1Q2025 NWP 1Q2026 NWP n Casualty n Commercial Multi- n Renters Peril n Homeowners n Other 1st Qu
Slide 11: Improving Consolidated Net Underwriting
Improving Consolidated Net Underwriting Combined Ratio 1Q26 vs 1Q25 Improved by 60 points 159.2% 1Q2026 Driving Factors: 61.2% 99.5% CAT Losses 4.3% 48.3% 46.3% Attritional Losses 53.3% 51.5% Expense Ratio (3.6)% (2.6)% 1Q2025 1Q2026 g CAT Loss Ratio g Net Accident Year g Expense Ratio g Prior Year
Slide 12: Performance in Q1 2026
Performance in Q1 2026 Net Income(1) Adjusted Net Income(2) Annualized Adjusted Return $ Million $ Million on Equity(2) 17.2 16% 7.1 (35.1) (47.7) (41%) 1Q2025 1Q2026 1Q2025 1Q2026 1Q2025 1Q2026 1st Quarter 2026 Financial Results (1) Attributable to Hippo (2) Non-GAAP financial measure; see "Reconci
Slide 13: Growing Book Value Per Share
Growing Book Value Per Share BVPS ($) $449M million $16.97 $17.23 shareholders 14.56 equity Up 2% from year-end 2025 4Q’24 4Q’25 1Q’26 BVPS BVPS BVPS 1st Quarter 2026 Financial Results 13
Slide 14: 2026 Guidance
2026 Guidance Metric 2026 Guidance(1) 2026 Guidance(1) Update Gross Written Premium $1.4 - $1.5B $1.45 – $1.525B Net Written Premium $500 - $540M $520 – $550M Revenue $560 - $570M Combined Ratio 103% – 105% 103% – 105% Adjusted Net Income(2) $45 - $55M $48 – $56M CAT Loss Ratio 13% 13% Stock-based c
Slide 15: Q&A
Q&A
Slide 16: Appendix
Appendix
Slide 17: Disclaimers
Disclaimers Non-GAAP Financial Measures This presentation includes the non-GAAP financial measures (including on a forward- Hippo believes that these non-GAAP measures of financial results (including on a looking basis) Adjusted Net Income (Loss), Diluted Adjusted Earnings (Loss) per Share, forward-
Slide 18: Key Operating Metrics
Key Operating Metrics (in millions, except per share data, unaudited) Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1'26 (in millions, except per share data) Net earned premium $60.5 $64.4 $70.6 $77.0 $87.3 $94.0 $99.7 $99.1 $98.9 Commission income, net 15.9 16.1 15.7 15.9 14.4 14.7 10.5 11.7 12.
Slide 19: Reconciliation of Non-GAAP Metrics
Reconciliation of Non-GAAP Metrics (in millions, except share and per share data, unaudited) $14.7M $17.0M $18.3M $17.6M $17.2M Adjusted Net Income $(14.1)M $(19.5)M $(1.3)M $(35.1)M (Loss) Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1'26 Net income (loss) attributable to Hippo $ (35.7) $ (40.5
Slide 20: Reconciliation of Non-GAAP Metrics
Reconciliation of Non-GAAP Metrics (in millions, except share and per share data, unaudited) Annualized Adjusted Return on Equity Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1'26 Annualized Adjusted net income (loss) $ (56.4) $ (78.0) $ (5.2) $ 58.8 $ (140.4) $ 68.0 $ 73.2 $ 70.4 $ 68.8 Average
Slide 21: Underwriting
Underwriting (in millions, unaudited) Net Loss, Expense, And Combined Ratio Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1'26 Net Earned Premium $60.5 $64.4 $70.6 $77.0 $87.3 $94.0 $99.7 $99.1 $98.9 Catastrophe losses 15.4 21.5 16.1 4.8 53.4 8.0 (0.3) (1.0) 4.3 Non-catastrophe losses 37.2 38.9 3
Slide 22: Underwriting
Underwriting (in millions, unaudited) Gross & Net Loss Ratio Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1'26 Gross Losses and LAE $121.1 $123.2 $106.3 $99.5 $211.8 $87.8 $100.6 $134.8 $147.2 Gross Earned Premium 206.7 212.2 213.4 221.5 222.8 238.5 253.0 272.6 297.3 Gross Loss Ratio 59% 58% 50%
Slide 23: Underwriting
Underwriting (in millions, unaudited) Premium by Line of Business Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1'26 Gross Written Premium Homeowners $97.0 $118.7 $111.3 $96.1 $87.1 $100.0 $101.0 $91.0 $87.3 Renters 29.0 33.8 52.9 31.3 35.0 44.2 59.3 36.4 40.8 Commercial Multi-Peril 31.3 49.6 29.
Slide 24: Contact Information
Contact Information Charles Sebaski Head of Investor Relations IR@hippo.com