Hippo Holdings Inc. (HIPO) Stock

Hippo Holdings Inc. (HIPO) is a Financials stock trading at $33.09 (as of 2026-08-21), with a market capitalization of $861.66M and a trailing P/E of 7.0. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Hippo Holdings Inc. offers home protection insurance in the United States and the District of Columbia, including homeowners coverage for risks such as fire, wind, and theft, along with other commercial and personal lines products. It distributes policies and services through its technology platform, with purchasing available online, by phone, or via licensed insurance agents.

Understand Hippo Holdings Inc.: how it makes money

Hippo Holdings sells home protection insurance in the United States and the District of Columbia, and it distributes those policies through its technology platform, earning money from insurance premiums and related insurance and service revenue.

Hippo’s profit engine depends on the underwriting results of the insurance it writes, since operating performance is tightly linked to the gross loss ratio on earned premium and to how much premium is retained (not only to how much premium is generated).

Revenue by segment (latest quarter)
Home$0.1B
IaaS$0.1B

Business quality (Mixed): For the latest quarter, profitability (operating margin of 5.9%) exists alongside meaningful underwriting pressure (reported consolidated gross loss ratio of 37.0%, consolidated net loss ratio of 48.0%, and net combined ratio of 99.5%), so retention and expense control are central to sustaining results.

Valuation: At 6× earnings, HIPO trades 54% below the Insurance average (13×). Note: one-time items can distort reported P/E.

Bull case

  • Multiple revenue streams tied to its home protection offering: Segment revenue includes the Hippo Home Insurance Program (0.06 USD_B) and Insurance-as-a-Service (0.05 USD_B), reflecting more than one way of monetizing its insurance platform.
  • Distribution through its technology platform: Policies are offered online, over the phone, or through licensed insurance agents, supporting a direct-to-consumer and partner-assisted distribution model.

Bear case

  • Underwriting results are a key swing factor: The reported consolidated gross loss ratio is 37.0%, and the consolidated net loss ratio is 48.0%, indicating that losses materially impact the profitability path.
  • Overall profitability is close to underwriting breakeven: The net combined ratio is 99.5, which suggests limited room for adverse changes in losses or expenses.
  • Retention matters for the unit economics: The premium retention rate is 31.0%, so changes in retention can affect how much earned premium continues and how quickly results compound.
Valuation — source: SEC EDGAR (first-party)
Price$33.09
Market Cap$861.66M
P/E Ratio7.0
EV / EBITDA4.8
Price / Book1.85
Price / Sales1.70
FCF Yield8.6%
DCF Value (model)$45.16
DCF Upside vs Price36.5%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$468.60M
Net Margin12.3%
Revenue Growth (YoY)25.9%
EPS Growth (YoY)-239.0%
FCF Growth (YoY)-80.7%
Valuation vs Sector & Industry
Stock P/E7.0
Sector P/E (Financials)15.1
Industry P/E (Insurance)13.0
vs Sector-53.4%
vs Industry-46.0%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($37.21M)
Institutional Holders Tracked10
Congressional Trades (recent)1
Company
SectorFinancials
IndustryInsurance
CEORichard Lyn McCathron
Employees478
CountryUS
IPO Date2021-01-11

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HIPO earnings history · HIPO institutional & insider holders · HIPO KPIs & operating metrics · HIPO financials · HIPO investor presentations & press releases · HIPO SEC filings · HIPO peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.