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Hippo's Second-Quarter Net Income Up on Scale, Underwriting Efficiency
The company's combined ratio improved to 95.8 from 100.1 the prior year. While its combined ratio improved, Hippo said its net loss ratio deteriorated - settling at 50.4 versus 47 ...
Source: BestWire   Date: July 30, 2026
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Hippo Holdings Promotes Executive to COO
Hippo Holdings, the parent company of Hippo Insurance. In her expanded role, Boettcher will lead operations across the full enterprise, bringing the same commitment to operational ...
Source: BestWire   Date: June 11, 2026
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Florida Approves Three More Homeowners Writers, Boosting Post-Reform Number to 20
Florida Insurance Commissioner Mike Yaworsky. "Florida is becoming more and more of an attractive place to deploy capital," he said, with 20 property/casualty companies entering ...
Source: BestWire   Date: May 21, 2026
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Hippo CEO: Insurtech Expanded to Casualty Lines to Diversify Risk Amid Climate Change
President and Chief Executive Officer Rick McCathron. "We wanted to grow as a company," he told BestWire, adding he didn't see that continuing with an overly concentrated property ...
Source: BestWire   Date: May 4, 2026
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Hippo Swings From Loss to $98 Million Third-Quarter Net Income
The company's combined ratio fell to 100 from 127.9 during the same period the year prior and its net loss ratio improved to 47.6 from 73.1. Hippo attributed better results to a ...
Source: BestWire   Date: November 5, 2025
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Hippo Appoints Chief Data Officer
Hippo has appointed Robin Gordon as chief data officer. Gordon will lead the strategic growth and evolution of Hippo's data and analytics function, advancing the use of predictive ...
Source: BestWire   Date: October 2, 2025
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Hippo CEO: Company Posts First Positive Net Income From Operations
Chief Executive Officer Rick McCathron said during a conference call. During 2024's second quarter, Hippo reported a $41 million loss, the company's quarterly report showed. In the ...
Source: BestWire   Date: August 6, 2025
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Westwood Completes Deal for Hippo Developer Distribution Network
Underwriting entities of Hippo Holdings Inc. currently have a Best's Financial Strength Rating of A- (Excellent). (By Renée Kiriluk-Hill, senior associate editor, BestWire: ...
Source: BestWire   Date: July 3, 2025
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Baldwin Subsidiary Westwood Agrees to $100 Million Deal for Hippo Distribution Network
Hippo affiliate on a new housing developer program. And Hippo said its hybrid fronting platform, Spinnaker, will expand support of Baldwin's MSI Renters and MSI Homeowners programs ...
Source: BestWire   Date: June 12, 2025
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Hippo CEO: Losses LA Wildfire Are 'Somewhat Insulated' From Impact of Tariffs
Hippo programs and the remainder to other Spinnaker programs. Net earned premium rose to $87.3 million in the first quarter from $60.5 million in the prior-year period. The net ...
Source: BestWire   Date: May 14, 2025
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Hippo CEO Urges Insurers to Step Up Home Hardening After LA Fires
President and Chief Executive Officer Rick McCathron. While rising catastrophes have driven home the importance of geographic concentration of risk, he said the fires further show ...
Source: BestWire   Date: March 13, 2025
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Former Hippo Executive Returns to Insurtech as Chief Marketing Officer
Hippo has appointed Andrea Collins as chief marketing officer two years after she left the company as vice president of marketing. During her initial tenure at Hippo, the company ...
Source: BestWire   Date: December 4, 2024
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Hippo Sells First Connect Majority Stake; Third-Quarter Net Loss Narrows to $8.5 Million
Perry Homes and Van Daele. "By year's end, we expect to be in a position to provide access to insurance for almost 50,000 new homes annually in these states through both our Hippo ...
Source: BestWire   Date: November 8, 2024
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Hippo CEO: Property Writers Most Challenged in California, North Texas
Executive Officer Rick McCathron. More frequent and larger hail in North Texas has Hippo and others seeking larger deductibles to reduce the risk of covering cosmetic or ...
Source: BestWire   Date: August 14, 2024
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Hippo CEO: Net Loss Narrowed as Volatility Reduction Plan Passes Major Test
Chief Executive Officer Rick McCathron. Hippo's home insurance program saw its net loss ratio drop from 588 in second quarter 2023 to 113 in the most recently closed quarter. The ...
Source: BestWire   Date: August 8, 2024
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Hippo's CCO: Rising Rates, Shrinking Coverages Fueling Claims Anxiety
Insurtech Insights USA 2024 conference in New York. View the video version of this interview here. Following is an edited transcript of the interview. Q: What trends are you seeing ...
Source: BestWire   Date: June 18, 2024
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Insurtech Hippo Narrows First-Quarter Net Loss to $35.7 Million, Lowers Cat Exposure
Chief Executive Officer Rick McCathron said in a letter to shareholders. Losses and loss adjustment expenses increased to $52.6 million from $37.7 million. Efforts to rebalance ...
Source: BestWire   Date: May 2, 2024
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Insurtech Hippo Lays Off About 20% of Employees at Start of Organizational Realignment
Securities and Exchange Commission filing. The move will likely generate $2.2 million to $2.7 million of severance, benefit and other related costs that the company plans to record ...
Source: BestWire   Date: October 27, 2023
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Florida OIR Hails Addition of P/C Carrier to the State’s Market
Insurance Commissioner Michael Yaworsky said in a statement. "The addition of Mainsail Insurance Co. to the Florida market is evidence that recent legislative reforms are having a ...
Source: BestWire   Date: August 15, 2023
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Hippo Debuts $110 Million Catastrophe Bond Covering Multiple Natural Perils
Hippo said in a statement. Through the transaction, Spinnaker entered a reinsurance contract with Mountain Re that offers protection against perils including named storms, fire ...
Source: BestWire   Date: June 2, 2023
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