Hippo Q1 Revenue $121.5M Below Expectations
Reports Q1 revenue $121.5M, consensus $127.42M. Reports Q1 adjusted EPS 65c. "We got off to a fast start in 2026, significantly advancing our strategies on both growth and operational efficiencies. The launch of our strategic distribution relationship with Progressive, when-combined with our existing Westwood partnership -creates a truly differentiated distribution network for Hippo's homeowners product that is both tech-enabled and scaled. Technology, which has long been a source of strength for Hippo, is core to supporting these new expanded distribution channels. Our AI-powered transformation across claims, services and underwriting should both support growth and increase profitability for Hippo over time," said Rick McCathron, Hippo President and CEO.
