The company has strengthened its capital position with equity growing to $448.7 million, though total liabilities have scaled to $1.6 billion, necessitating careful management of statutory capital adequacy.
| Total Assets | 2.06B | 1.91B | 1.54B | 1.52B | 1.57B | 1.64B | 979.4M | 170.5M |
| Asset Growth % | 91.52% | 23.46% | 1.23% | -2.82% | -4.49% | 67.73% | 474.43% | - |
| Total Investment Assets | 4M | 445.9M | 0 | 348.8M | 445.9M | 73.1M | 56M | 0 |
| Long-Term Investments | 922.4M | 445.9M | 0 | 0 | 0 | 64M | 56M | 0 |
| Short-Term Investments | 244.4M | 0 | 0 | 348.8M | 445.9M | 9.1M | 0 | 0 |
| Total Current Assets | 1.76B | 468.4M | 364.6M | 1.4B | 1.47B | 1.15B | 0 | 23.3M |
| Cash & Equivalents | 275.4M | 250.1M | 197.6M | 142.1M | 194.5M | 775.6M | 452.3M | 23.3M |
| Receivables | 2.23B | 98.7M | 167M | 505.9M | 448.3M | 365M | 192.5M | 0 |
| Other Current Assets | 29.4M | 119.6M | 0 | 53M | 50M | 0 | -774.2M | 0 |
| Goodwill & Intangibles | 267.6M | 13.8M | 65.1M | 75.7M | 65.7M | 111.6M | 96.4M | 25.3M |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 53.5M | 47.8M | 1.9M |
| Intangible Assets | 83.9M | 13.8M | 65.1M | 75.7M | 65.7M | 58.1M | 48.6M | 23.4M |
| PP&E (Net) | 32.7M | 0 | 37.7M | 45.5M | 33M | 1.1M | 0 | 900K |
| Other Assets | 9.4M | -445.9M | -85.8M | 6.8M | 4.2M | -175.6M | -152.4M | 121M |
| Total Liabilities | 1.61B | 1.47B | 1.18B | 1.14B | 975.4M | 781M | 1.18B | 18.2M |
| Total Debt | 51.5M | 52.4M | 10M | 14.8M | 28.9M | 0 | 273M | 0 |
| Net Debt | -223.9M | -197.7M | -187.6M | -127.3M | -165.6M | -775.6M | -179.3M | -23.3M |
| Long-Term Debt | 47.9M | 47.9M | 0 | 0 | 0 | 0 | 273M | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 1.5B | 1.35B | 267.9M | 1.07B | 911.7M | 182.6M | 0 | 18.2M |
| Accounts Payable | 369.1M | 319.3M | 267.9M | 286.4M | 234.8M | 182.6M | 96M | 0 |
| Deferred Revenue | 615.3M | 226M | 0 | 419.2M | 341.3M | 0 | 0 | 0 |
| Other Current Liabilities | 506.5M | 796.8M | 0 | 348.3M | 323.2M | -182.6M | -103.5M | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 50.7M | 55M | 892.3M | 43.1M | 13.6M | 0 | -279.1M | 0 |
| Total Equity | 448.7M | 436.1M | 365.2M | 384.7M | 593.5M | 861.7M | -199.5M | 118.7M |
| Equity Growth % | 87.16% | 19.41% | -5.07% | -35.18% | -31.12% | 531.93% | -268.07% | - |
| Shareholders Equity | 448.7M | 436.1M | 362.1M | 377.9M | 589.9M | 859.6M | -199.6M | 118.7M |
| Minority Interest | 0 | 0 | 3.1M | 6.8M | 3.6M | 2.1M | 100K | 0 |
| Retained Earnings | -1.21B | -1.22B | -1.27B | -1.23B | -961.1M | -628M | -256.6M | -115.1M |
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -600K | 1.8M | -2.7M | -2.9M | -7M | -700K | 100K | 100K |
| Return on Equity (ROE) | 27.43% | 14.4% | -10.8% | -55.84% | -45.82% | -112.17% | - | -70.01% |
| Return on Assets (ROA) | 5.96% | 3.35% | -2.64% | -17.66% | -20.76% | -28.33% | -24.61% | -48.74% |
| Equity / Assets | 21.76% | 22.89% | 23.66% | 25.23% | 37.83% | 52.46% | -20.37% | 69.62% |
| Debt / Equity | 0.11x | 0.12x | 0.03x | 0.04x | 0.05x | - | - | - |
| Book Value per Share | 17.03 | 16.77 | 14.79 | 16.32 | 26.09 | 55.68 | -57.39 | 245.00 |
| Tangible BV per Share | 13.84 | 16.24 | 12.15 | 13.10 | 23.20 | 48.47 | -85.13 | 192.78 |
Catastrophe-linked underwriting volatility
According to recent financial disclosures, Hippo's equity base has grown from $377.9 million in 2023Q4 to $448.7 million by 2026Q1, reflecting a gradual strengthening of the balance sheet as the company transitions toward sustained profitability despite the inherent volatility of its specialty insurance underwriting operations.
The expansion of equity appears to be a positive indicator of internal capital generation, suggesting that the company is successfully retaining earnings rather than relying solely on external financing. However, investors should monitor whether this growth remains sustainable given the historical fluctuations in loss ratios that periodically pressure the capital base.
As reported in quarterly filings, claims and loss reserves have exhibited significant variance, peaking at $126.7 million in 2024Q4 before moderating to $82.4 million in 2026Q1, which underscores the sensitivity of the company's liabilities to unpredictable, climate-driven loss events in its core geographic markets.
The fluctuation in reserve levels suggests that the company's actuarial models are frequently tested by severe weather events, which may necessitate ongoing adjustments to loss provisions. This volatility warrants further investigation into the adequacy of current reserves to ensure they can withstand potential future spikes in claim severity.
Based on the provided balance sheet data, total liabilities have increased from $1.1 billion in 2023Q4 to $1.6 billion in 2026Q1, indicating that the company is scaling its insurance obligations in tandem with its growth, which requires careful management of its statutory capital adequacy ratios.
The rise in liabilities relative to equity suggests a higher leverage profile that is typical for a growing carrier, yet it necessitates a disciplined approach to capital allocation. Maintaining a sufficient solvency buffer appears critical for Hippo to navigate the cyclical nature of the property insurance market without compromising its financial stability.
Analysis of the company's financial structure reveals that the investment portfolio remains relatively stagnant at $1.0 million, suggesting that the balance sheet is heavily weighted toward insurance-related assets rather than a diversified investment float, which may limit the company's ability to generate significant investment income.
The lack of a substantial, growing investment portfolio may indicate that Hippo is prioritizing capital-light MGA operations over traditional carrier-style float accumulation. This strategy appears to shift the risk profile toward operational performance and reinsurance recoverables, which may introduce counterparty credit risk that is not immediately apparent in standard solvency metrics.
Quick answers to the most common questions about buying HIPO stock.
As of 2025, Hippo Holdings Inc. (HIPO) had total assets of $1.91B including $468.4M in current assets.
Hippo Holdings Inc. (HIPO) carries total debt of $52.4M, offset by $250.1M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Hippo Holdings Inc. (HIPO) has total shareholders' equity (book value) of $436.1M ($16.77 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Hippo Holdings Inc. (HIPO) reported a current ratio of 0.35x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.