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Hippo Reports First Quarter 2026 Financial Results

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SAN JOSE, Calif., April 30, 2026 /PRNewswire/ — Hippo Holdings Inc.  (NYSE: HIPO), a technology-native insurance platform reported net income of $7 million, or $0.27 per diluted share and  adjusted net income of $17 million, or $0.65 per diluted share, for the quarter ended March 31, 2026.

First Quarter Highlights

Gross Written Premium increased 58% to $332 million over 1Q25

Net Income of $7 million vs. a Net Loss of $48 million in 1Q25

Adjusted Net Income of $17 million vs. an Adjusted Net Loss of $35 million in 1Q25

Net Loss Ratio improved 58 percentage points to 48.0% compared to 1Q25

Combined Ratio improved 60 percentage points to 99.5% compared to 1Q25

Revenue grew 10% to $122 million compared to 1Q25

Book Value per share of $17.23 up 2% from year-end 2025

“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.

He continued, “For the quarter, Hippo grew gross written premium by 58%, significantly improved our underwriting results with a 60 point reduction in our combined ratio, and continued to deliver positive net income $7 million of and adjusted net income of $17 million for the quarter. We are operating as a unified, technology-native carrier platform that is driving profitable growth, broadening diversification, and positioning us for long-term success.”

Key Operating and Financial Metrics

Three Months Ended March 31,

2026

2025

($ in millions)

Gross Written Premium

$         332.4

$             210.9

Net Written Premium

101.4

100.3

Net Retention

31 %

48 %

Total Revenue

$          121.5

$              110.3

Net Income (Loss) (1)

7.1

(47.7)

Adjusted Net Income (Loss) (1) (2)

17.2

(35.1)

Basic Earnings (Loss) per Share (1)

0.27

(1.91)

Diluted Earnings (Loss) per Share (1)

0.27

(1.91)

Diluted Adjusted Earnings (Loss) per Share (1) (2)

0.65

(1.41)

Net Loss Ratio

48.0 %

105.9 %

Expense Ratio

51.5 %

53.3 %

Combined Ratio

99.5 %

159.2 %

As of

March 31, 2026

December 31, 2025

Book Value Per Share (BVPS)

$17.23

$16.97

Tangible Book Value Per Share (TBVPS) (2)

$15.09

$14.76

(1) Attributable to Hippo

(2) Indicates non-GAAP financial measure; see “Reconciliation of Non GAAP Financial Measures to Their Most Directly Comparable GAAP Financial
Measures”

First Quarter Operating Summary

Net income of $7 million, or $0.27 per diluted share, compared to a $48 million net loss in Q1 of last year. The improvement was driven primarily by stronger underwriting performance. The first quarter of 2025 included a $45 million loss from California wildfires, and the absence of a comparable event this period more than offset the reduction in fee income following the sale of the builders distribution network.

Adjusted net income of $17 million, or $0.65 a diluted share, compared to a $35 million net adjusted loss in Q1 of last year. This quarter’s results equate to a 16% annualized adjusted return on average shareholders equity.

Gross written premium of $332 million for the quarter increased 58% year over year, up from $211 million in Q1 of last year. Growth was driven by both the Casualty and Commercial Multi-Peril (CMP) lines which were up 193% and 89% over last year, to $101 million and $96 million, respectively. The overall growth strategy is focused on improving underwriting profitability and reducing volatility, including through greater portfolio diversification. For the quarter, Casualty accounted for 30% of gross written premium, compared to CMP which accounted for 29% and Homeowners which accounted for 26%.

Net written premium of $101 million increased by $1 million or 1% from Q1 of last year. Growth in net written premium was lower than the growth in gross written premium due to both a mix shift and a reduction in the Renters line, which contracted by $26 million year over year, on account of a change in retention rate in 2026 vs 2025, and an accompanying unearned premium adjustment related to this change. The 31% net retention rate in the quarter was slightly below our full-year guidance, and driven primarily by the one-time unearned premium adjustment noted above. We expect retention to normalize later in the year, though it may fluctuate quarter to quarter based on growth-related mix shifts.

Revenue in the quarter of $122 million increased 10% from $110 million in Q1 of last year. The increase was primarily driven by higher net earned premium up 13% to $99 million, which more than offset a $5.5 million decline in commissions following the sale of our homebuilder distribution network in Q3’25.

Net Loss ratio of 48.0% improved 58 percentage points over the prior year. This improvement was driven primarily by lower CAT losses this quarter compared to Q1 of last year, which was impacted by the California wildfires. The net accident year loss ratio excluding CAT losses of 46.3% improved by 2 percentage points over the  Q1 of last year.

Expense ratio of 51.5% improved 2 percentage points over the prior year period driven by continued improvement of operating leverage, and despite prior year period benefiting from roughly 4.5 percentage point of profits generated by the homebuilder distribution network we sold in Q3’25.

Combined ratio of 99.5% improved 60 percentage points over the prior year, similarly driven by stronger underwriting performance and a lower expense ratio noted above.

Total Hippo shareholder equity of $449 million, or $17.23 per share, at March 31, 2026, was up 2%, from $436 million, or $16.97 per share, at year-end 2025. The increase was primarily driven by the first quarter net income.

Guidance Update

The following Guidance update is based on current expectations. The following statements are forward-looking and actual results could differ materially depending on market conditions and the factors set forth under “Forward-looking statements safe harbor” below.

Prior

Updated

2026 FY

Guidance

2026 FY

Guidance

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%

CAT Loss Ratio

13 %

13 %

Adjusted Net Income (Loss)(1)

$45 – $55M

$48 – $56M

Stock-based compensation + Depreciation and Amortization

$41M

$42M

(1) Indicates non-GAAP financial measure; see “Reconciliation of Non GAAP Financial Measures to Their Most Directly Comparable GAAP Financial Measures”

First Quarter Earnings Conference Call and Webcast Information 
Date: Thursday, April 30, 2026
Time: 8:00 a.m. Eastern Time / 5:00 a.m. Pacific Time
Dial In: +1 833 470 1428 / Global Dial-In Numbers
Access: 433055350
Webcast: https://events.q4inc.com/attendee/433055350

A replay of the webcast will be made available after the call in the investor relations section of the company’s website at https://investors.hippo.com/

About Hippo

Hippo is a technology-native insurance group that uses its carrier platform to diversify risk across both personal and commercial lines. Through the Hippo Homeowners Insurance Program, the company applies deep industry expertise and advanced underwriting to deliver proactive, tailored coverage for homeowners. Hippo Holdings Inc. subsidiaries include Hippo Insurance Services, Spinnaker Insurance Company, Spinnaker Specialty Insurance Company, and Wingsail Insurance Company. Hippo Insurance Services is a licensed property casualty insurance agent with products underwritten by various affiliated and unaffiliated insurance companies. For more information, please visit http://www.hippo.com.                           

Consolidated Balance Sheet
(in millions, unaudited)

March 31,
2026

December 31,
2025

(unaudited)

Assets

Investments:

Fixed maturities available-for-sale, at fair value (amortized cost: $299.3 million
and $291.7 million, respectively)

$          298.7

$         293.4

Short-term investments, at fair value (amortized cost: $125.3 million and $152.5
million, respectively)

125.2

152.5

Total investments

423.9

445.9

Cash and cash equivalents

275.4

218.3

Restricted cash

29.4

31.8

Accounts receivable, net of allowance of $0.3 million and $0.2 million, respectively

282.1

250.1

Reinsurance recoverable on paid and unpaid losses and LAE

398.1

346.6

Prepaid reinsurance premiums

386.7

353.7

Ceding commissions receivable

132.8

98.7

Capitalized internal use software

42.3

43.0

Intangible assets

13.6

13.8

Other assets

77.6

103.6

Total assets

$         2,061.9

$        1,905.5

Liabilities and stockholders’ equity

Liabilities:

Loss and loss adjustment expense reserve

$          482.6

$         420.4

Unearned premiums

615.3

579.7

Reinsurance premiums payable

356.3

304.4

Provision for commission

39.3

36.3

Surplus note

47.9

47.9

   Accrued expenses and other liabilities

71.8

80.7

Total liabilities

1,613.2

1,469.4

Commitments and contingencies (Note 12)

Stockholders’ equity:

Common stock, $0.0001 par value per share; 80,000,000 shares authorized as of
March 31, 2026 and December 31, 2025; 26,035,917 and 25,699,704 shares issued
and outstanding as of March 31, 2026 and December 31, 2025, respectively

—

—

Additional paid-in capital

1,659.4

1,651.5

Accumulated other comprehensive (loss) income

(0.6)

1.8

Accumulated deficit

(1,210.1)

(1,217.2)

Total stockholders’ equity

448.7

436.1

Total liabilities and stockholders’ equity

$         2,061.9

$        1,905.5

 

Consolidated Statement of Operations
(in millions, unaudited)

Three Months Ended March 31,

2026

2025

Revenue:

Net earned premium

$           98.9

$           87.3

Commission income, net

12.7

14.4

Service and fee income

3.2

2.8

Net investment income

6.7

5.8

Total revenue

121.5

110.3

Expenses:

Losses and loss adjustment expenses

47.5

92.4

Insurance related expenses

34.9

30.2

Technology and development expenses

9.4

8.1

Sales and marketing expenses

6.3

8.9

General and administrative expenses

16.2

16.5

Interest and other (income) expense, net

—

(0.2)

Total expenses

114.3

155.9

Income (loss) before income taxes

7.2

(45.6)

Income tax expense (benefit)

0.1

(0.2)

Net income (loss)

7.1

(45.4)

Net income attributable to noncontrolling interests, net of tax

—

2.3

Net income (loss) attributable to Hippo

$             7.1

$          (47.7)

Other comprehensive income (loss):

Change in net unrealized gain (loss) on investments, net of tax

(2.4)

2.1

Comprehensive income (loss) attributable to Hippo

$            4.7

$          (45.6)

Per share data:

Net income (loss) attributable to Hippo – basic and diluted

$             7.1

$          (47.7)

Weighted-average shares used in computing net income (loss) per
share attributable to Hippo

Basic

25,840,004

24,978,901

Diluted

26,354,271

24,978,901

Net income (loss) per share attributable to Hippo

Basic

$           0.27

$           (1.91)

Diluted

$           0.27

$           (1.91)

 

Consolidated Statement of Cash Flow 
(in millions, unaudited)

Three Months Ended March 31,

2026

2025

Cash flows from operating activities:

Net cash provided by (used in) operating activities

$            8.5

$          (35.6)

Cash flows from investing activities:

Capitalized internal use software costs

(3.1)

(2.8)

Purchases of property and equipment

(0.1)

(0.1)

Purchases of fixed maturities

(29.4)

(15.7)

Maturities of fixed maturities

20.9

11.2

Sales of fixed maturities

1.1

—

Purchases of short-term investments

(65.3)

(50.4)

Maturities of short-term investments

91.4

46.8

Sales of short-term investments

2.0

—

Proceeds from deferred consideration

25.0

—

Net cash provided by (used in) investing activities

42.5

(11.0)

Cash flows from financing activities:

Taxes paid related to net share settlement of equity awards

—

(3.3)

Proceeds from issuance of common stock

1.0

1.0

Payments of contingent consideration

—

(0.2)

Distributions to noncontrolling interests

—

(2.5)

Other

2.7

(1.0)

Net cash provided by (used in) financing activities

3.7

(6.0)

Net increase (decrease) in cash, cash equivalents, and restricted cash

54.7

(52.6)

Cash, cash equivalents, and restricted cash at the beginning of the period

250.1

232.8

Cash, cash equivalents, and restricted cash at the end of the period

$         304.8

$          180.2

 

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO THEIR MOST DIRECTLY

COMPARABLE GAAP FINANCIAL MEASURES

(in millions, unaudited)

Adjusted Net Income (Loss)

Three Months Ended March 31,

2026

2025

Net income (loss) attributable to Hippo

$              7.1

$           (47.7)

Adjustments:

Depreciation and amortization

4.8

5.6

Stock-based compensation

6.5

7.7

Fair value adjustments

—

(0.5)

Other one-off transactions

(1.2)

(0.2)

Adjusted net income (loss)

$            17.2

$           (35.1)

 

Diluted Adjusted Earnings (Loss) per Share

Three Months Ended March 31,

2026

2025

Adjusted net income (loss)

$           17.2

$          (35.1)

Weighted-average common shares
outstanding, diluted

26,354,271

24,978,901

Diluted Adjusted Earnings (Loss) per Share

$           0.65

$           (1.41)

 

Annualized Adjusted Return on Equity

Three Months Ended March 31,

2026

2025

Annualized Adjusted net income (loss)

$        68.8

$      (140.4)

Average Hippo Stockholders’ Equity

442.4

342.5

Annualized Adjusted Return on Equity

16 %

(41) %

 

Tangible Book Value Per Share

As of March 31, 2026

As of December 31, 2025

Hippo Stockholders’ Equity

$                         448.7

$                           436.1

Less: Intangible assets

13.6

13.8

Less: Capitalized Internal Use Software

$                           42.3

$                            43.0

Tangible stockholders’ equity

$                         392.8

$                           379.3

Shares outstanding

26,035,917

25,699,704

Tangible book value per share

$                          15.09

$                           14.76

 

SUPPLEMENTAL FINANCIAL INFORMATION

(in millions, unaudited)

Net Loss, Expense, and Combined Ratio

Three Months Ended March 31,

2026

2025

Net Earned Premium

$          98.9

$          87.3

Catastrophe losses

4.3

53.4

Non-catastrophe losses

43.2

39.0

Loss and loss adjustment expenses

$        47.5

$        92.4

Catastrophe losses ratio

4.3 %

61.2 %

Non-catastrophe losses ratio

43.7 %

44.7 %

Net loss ratio

48.0 %

105.9 %

Insurance related expenses

$        34.9

$        30.2

Technology and development

9.4

8.1

Sales and marketing

6.3

8.9

General and administrative

16.2

16.5

Less: commission income, net and service and

(15.9)

(17.2)

Total net expenses

$        50.9

$        46.5

Expense Ratio

51.5 %

53.3 %

Combined Ratio

99.5 %

159.2 %

Prior accident year developments

Loss and loss adjustment expenses

(2.5)

(3.1)

Net loss ratio

(2.6) %

(3.6) %

Net accident year loss ratio

50.6 %

109.5 %

Net accident year loss ratio x catastrophe

46.3 %

48.3 %

 

Gross and Net Loss Ratio

Three Months Ended March 31,

2026

2025

Gross Losses and LAE

$         147.2

$          211.8

Gross Earned Premium

297.3

222.8

Gross Loss Ratio

49.5 %

95.1 %

Net Losses and LAE

$          47.5

$          92.4

Net Earned Premium

98.9

87.3

Net Loss Ratio

48.0 %

105.9 %

Underwriting Data

The Company has a single reportable segment and offers property & casualty insurance products. Gross written premiums (GWP), Net written premiums (NWP), and Net earned premiums (NEP) by line of business are presented below:

Gross Written Premium (GWP) by State

Three Months Ended March 31,

2026

2025

Amount

% of GWP

Amount

% of GWP

State

California

$      66.0

19.9 %

$      46.0

21.8 %

New York

44.2

13.3 %

12.2

5.8 %

Florida

42.9

12.9 %

32.0

15.2 %

Texas

36.2

10.9 %

26.0

12.3 %

Illinois

12.9

3.8 %

6.0

2.8 %

Georgia

9.7

2.9 %

5.6

2.7 %

Ohio

7.2

2.2 %

4.6

2.2 %

Colorado

7.0

2.1 %

4.5

2.1 %

New Jersey

6.6

2.0 %

4.2

2.0 %

Arizona

6.5

2.0 %

4.3

2.0 %

Other

93.2

28.0 %

65.5

31.1 %

Total

$    332.4

100.0 %

$     210.9

100 %

 

Gross Written Premium (GWP) by Line of Business

Three Months Ended March 31,

2026

2025

Amount

% of
GWP

Amount

% of
GWP

Change

% Change

Line of Business

Homeowners

$    87.3

26 %

$    87.1

41 %

$      0.2

0.2 %

Renters

40.8

12 %

35.0

17 %

5.8

16.6 %

Commercial Multi-Peril

95.8

29 %

50.7

24 %

45.1

89.0 %

Casualty

100.6

30 %

34.3

16 %

66.3

193.3 %

Other

7.9

3 %

3.8

2 %

4.1

107.9 %

Total

$  332.4

100 %

$  210.9

100 %

$    121.5

57.6 %

 

Net Written Premium (NWP) by Line of Business

Three Months Ended March 31,

2026

2025

Amount

% of
NWP

Amount

% of
NWP

Change

%
Change

Line of Business

Homeowners

$   60.8

60 %

$    52.7

52.5 %

$      8.1

15.4 %

Renters

10.8

11 %

37.2

37.1 %

(26.4)

(71.0) %

Commercial Multi-Peril

17.6

17 %

12.5

12.5 %

5.1

40.8 %

Casualty

12.9

13 %

1.1

1.1 %

11.8

1072.7 %

Other

(0.7)

(1) %

(3.2)

(3.2) %

2.5

(78.1) %

Total

$   101.4

100 %

$  100.3

100.0 %

$      1.1

1.1 %

 

Net Earned Premium (NEP) by Line of Business

Three Months Ended March 31,

2026

2025

Amount

% of
NEP

Amount

% of
NEP

Change

%
Change

Line of Business

Homeowners

$    62.7

63.4 %

$    61.6

70.6 %

$      1.1

1.8 %

Renters

17.0

17.2 %

16.6

19.0 %

0.4

2.4 %

Commercial Multi-Peril

15.9

16.1 %

6.6

7.6 %

9.3

140.9 %

Casualty

3.2

3.2 %

0.5

0.6 %

2.7

540.0 %

Other

0.1

0.1 %

2.0

2.2 %

(1.9)

(95.0) %

Total

$    98.9

100.0 %

$    87.3

100.0 %

$     11.6

13.3 %

Information about Key Operating Metrics/Non-GAAP Financial Measures

We define adjusted net income, a Non-GAAP financial measure, as net income excluding the impact of certain items that may not be indicative of underlying business trends, operating results, or future outlook, net of tax impact. We calculate the tax impact only on adjustments which would be included in calculating our income tax expense using the estimated tax rate at which the company received a deduction for these adjustments. We use adjusted net income as an internal performance measure in the management of our operations because we believe it gives our management and financial statement users useful insight into our results of operations and our underlying business performance. Adjusted net income does not reflect the overall profitably of our business and should not be viewed as a substitute for net income calculated in accordance with GAAP. Other companies may define adjusted net income differently.

We define diluted adjusted earnings (loss) per share, a Non-GAAP financial measure, as adjusted net income divided by the weighted-average common shares outstanding for the period, reflecting the dilution which could occur if equity-based awards are converted into common share equivalents as calculated using the treasury stock method. Diluted adjusted earnings (loss) per share should not be viewed as a substitute for diluted earnings (loss) per share calculated in accordance with GAAP. Other companies may define diluted adjusted earnings (loss) per share differently.

We define annualized adjusted return on equity, a Non-GAAP financial measure, as adjusted net income (loss) expressed on an annualized basis as a percentage of average beginning and ending Hippo stockholders’ equity during the period. We use annualized adjusted return on equity as an internal performance measure in the management of our operations because we believe it gives our management and financial statement users useful insight into our results of operations and our underlying business performance. Annualized adjusted return on equity should not be viewed as a substitute for return on equity calculated in accordance with GAAP. Other companies may define annualized adjusted return on equity differently.

We define tangible book value per share, a Non-GAAP financial measure, as total stockholders’ equity, less intangible assets, divided by the outstanding number of shares of our common stock at the end of the relevant period. Our definition of tangible book value per share may not be comparable to that of other companies, and it should not be viewed as a substitute for book value per share calculated in accordance with GAAP. We use tangible book value per share internally to evaluate changes from period to period in book value per share exclusive of changes in intangible assets.

These Non-GAAP financial measures are in addition to, and not a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP and should not be considered as an alternative to net income, operating income or any other performance measures derived in accordance with GAAP. Reconciliations of these Non-GAAP financial measures to their most directly comparable GAAP counterpart is included above. We believe that these non-GAAP measures of financial results provide useful supplemental information to investors about Hippo.             

Cautionary Note Regarding Forward-Looking Statements

Certain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. These statements include, without limitation, statements regarding the financial position, business strategy, and the plans and objectives of management for Hippo Holdings Inc. (together with its subsidiaries, “Hippo,” the “Company,” “we,” “us” and “our”) for future operations. These statements constitute projections, forecasts, and forward-looking statements, and are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts.

Forward-looking statements generally are accompanied by words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “future,” “intend,” “may,” “might,” “outlook,” “plan,” “possible,” “potential,” “predict,” “project,” “seek,” “seem,” “should,” “strive,” “will,” “would,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking.

Forward-looking statements in this press release include, for example, statements about:

our future results of operations and financial condition, including estimates and forecasts of financial and operating results and performance metrics, and our ability to attain and maintain profitability;

our business strategy, including our cost reduction efforts, our diversified distribution strategy, and our plans to expand into new markets and new products;

our ability to grow our business and, if such growth occurs, to effectively manage such growth, including the growth and development of our builder network and other distribution channels;

customer satisfaction and our ability to attract, retain, and expand our customer base;

our ability to maintain and enhance our brand and reputation, including the quality of our products and services;

our expectations about our book of business, including our ability to cross-sell and to attain greater value from each customer;

the effects of seasonal and cyclical trends on our results of operations;

our ability to compete effectively in the segments of the insurance industry in which we operate;

our ability to underwrite risks accurately and charge competitive yet profitable rates to our customers, and the sufficiency of the analytical models we use to assess and predict exposure to catastrophe losses;

our ability to maintain reinsurance contracts and our near- and long-term strategies and expectations with respect to the availability, adequacy, coverage, limits, pricing, and cession of insurance risk;

our ability to utilize, develop, and protect our proprietary technology, digital platform, and intellectual property;

our ability to leverage our data, technology, and geographic diversity to help manage risk;

our ability to expand our product offerings or improve existing ones;

our ability to attract and retain personnel, including our officers and key employees;

potential harm caused by outages or interruptions in, or delays to, services provided by our third-party providers, including our data vendors;

potential harm caused by misappropriation of our data and compromises in cybersecurity, and our ability to receive, process, store, use, and share data in compliance with laws and regulations related to data privacy and data security;

potential harm caused by changes in internet search engines’ methodologies;

our denial of claims or our failure to accurately and timely pay claims;

the effects of severe weather events and other natural or man-made catastrophes, including the effects of climate change, global pandemics, and terrorism;

any overall decline in economic activity;

regulators’ identification of errors in the policy forms we use, the rates we charge, and our customer communications, including cancellations, non-renewals, and reinstatements, through market conduct exams, complaints, or other inquiries;

our ability to navigate extensive insurance industry regulations and the scrutiny of state insurance regulators, and the effects of existing or new legal or regulatory requirements on our business, including with respect to maintenance of risk-based capital and financial strength ratings, the insurance industry generally, and data privacy and cybersecurity, in the United States and internationally;

our expected use of cash on our balance sheet, our future capital needs, and our ability to raise additional capital;

fluctuations in our results of operations and operating metrics; and

our public securities’ liquidity and trading.

These statements are based on the current expectations of Hippo’s management and are not predictions of actual performance. You should not rely upon forward-looking statements as predictions of future events. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions, and many actual events and circumstances are beyond the control of Hippo. Although we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we cannot guarantee that the future results, levels of activity, performance, events, and circumstances reflected in the forward-looking statements will be achieved or occur at all.

These forward-looking statements are subject to a number of risks, uncertainties, and other factors, including those described above and other risks set forth in the sections entitled “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, and in other documents that may be filed by the Company from time to time with the Securities and Exchange Commission (the “SEC”). Moreover, we operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this press release. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Hippo does not presently know or that Hippo currently believes are immaterial that could also cause actual results, events, or circumstances to differ materially from those described in the forward-looking statements.

These forward-looking statements are based on information available as of the date of this press release and reflect Hippo’s expectations, plans, forecasts, and views of future events as of that date. Accordingly, forward-looking statements should not be relied upon as representing Hippo’s views as of any subsequent date, and Hippo does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws. While Hippo may elect to update these forward-looking statements at some point in the future, Hippo specifically disclaims any obligation to do so. Accordingly, undue reliance should not be placed upon the forward-looking statements.

Rounding

Certain monetary amounts, percentages, and other figures included in this release have been subject to rounding adjustments. The sum of individual metrics may not always equal total amounts indicated due to rounding.

Contacts
Investors:
Charles Sebaski
Investors@hippo.com

Press:
Mark Olson
press@hippo.com

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/hippo-reports-first-quarter-2026-financial-results-302757906.html

SOURCE Hippo Holdings Inc.

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Thousands of Suppliers, Nine Buyer Delegations, Three Major Trends: The 35th Guzhen Lighting Fair Opens October 22 to Chart New Directions for the Industry

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ZHONGSHAN, China, Oct. 17, 2026 /PRNewswire/ — This October, the global lighting industry will once again turn its attention to the Pearl River Delta. The 2026 China (Guzhen) International Lighting Fair (Autumn Edition), also known as the 35th Guzhen Lighting Fair, will take place from October 22 to 25, 2026, at the Guzhen Convention and Exhibition Center in Zhongshan, Guangdong. Thousands of suppliers, nine buyer delegations, three major trends. They represent a major collective showcase for China’s lighting industry at a time of profound change in global trade.

Highlight 1: A New National Milestone for the Lighting Industry’s Only National-Level Trade Event

The Guzhen Lighting Fair’s standing begins with its national credentials. Approved by the Ministry of Commerce of the People’s Republic of China as a national-level exhibition and certified by UFI, the Global Association of the Exhibition Industry, this edition draws on a strong industrial base: a RMB 100 billion-plus lighting industry cluster centered on Guzhen and encompassing 11 towns and subdistricts across three surrounding cities.

Notably, the fair has been included in the 2026 National Consumer Goods Campaign Key Activity List, jointly issued by the Ministry of Industry and Information Technology and the Ministry of Culture and Tourism. It is the only major annual trade event from the lighting industry included on the list. The fair is also listed in the Guangdong Department of Commerce’s 2026 Guangdong Trade Nationwide program. These endorsements recognize the collective strength of Guzhen’s lighting industry and mark the fair’s rise from an industry exhibition to a national showcase.

Highlight 2: Seven themed Halls Reflect the Industry’s Evolving Priorities

All seven halls at the main venue have been upgraded, creating a new exhibition and trading layout in which each hall has a distinct theme and identity.

The seven-hall layout reveals three clear trends: increasingly sophisticated smart technologies, the return of design and aesthetics to the mainstream, and greater supply chain autonomy and control. Hall A, Urban Lighting and Smart Engineering, focuses on smart lighting and project lighting. Hall B, inter and commercial lighting, brings together decorative fixtures, residential lighting, and commercial lighting. Hall C, outdoor and special lighting, covers outdoor lighting, lighting for cultural and tourism attractions, and special-purpose fixtures. Halls D and E, lighting manufacturing and supply-chain, connect machinery, auxiliary materials and components, and supporting services. Hall F, smart home and living decor, combines smart home technologies with decorative furnishings and accessories. Hall H, new brands and cross-border sourcing, gives buyers a one-stop product sourcing destination.

The fair will showcase advances in three major areas. In AI integration, lighting control systems powered by large AI models and wireless AIoT lighting solutions will deliver more responsive experiences, with light adapting to people’s movements. In health-focused lighting, highlights include classroom lighting solutions designed to meet China’s new national standards, along with human-centric lighting and products tailored to older adults. In green and low-carbon development, the displays will span high-efficiency energy-saving technologies, solar photovoltaic and energy storage applications, and innovations in environmentally friendly materials.

Highlight 3: Targeted Sourcing for a Thousand Buyers Shifts the Focus from Visitor Traffic to Lasting Business

This edition will assemble nine professional buyer delegations. Six domestic groups will cover smart lighting systems, decorative lighting, linear lighting, wholesale distribution, the full range of lighting products, and intelligent lighting. Under the banner “Hundreds of Businesses, Nationwide Connections: Leading Lighting Distributors’ Sourcing Delegation,” the fair will invite selected company executives and decision-makers to attend with concrete sourcing plans. Three further delegations will bring together key overseas buyers, media and associations, and key opinion leaders (KOLs).

This approach shifts the emphasis from visitor traffic to a sustained flow of orders. Using the IIRIS data management system, the fair will identify high-quality buyers, establish qualification criteria for major buyers, and build a year-round service framework. By extending short-term connections at the fair into year-round trade support, it will help exhibitors turn a four-day encounter into year-round business relationships.

Highlight 4: The Hosted Buyer Program Combines Business Matching, VIP Sourcing Tour, and Networking Party

The fair’s flagship Hosted Buyer Program (HBP) will return with an expanded program, inviting hundreds of overseas buyers to join an international sourcing delegation. The business matching area in Hall H will host five Denggle.com Business Matching, four for overseas buyers and one for domestic buyers. The proven format combines pre-event research into buyers’ needs, targeted invitations, and one-on-one matching in a dedicated meeting area during the fair. It will cover major lighting markets including Southeast Asia, South Asia, Europe, the Americas, and Africa.

A distinctive addition is the partnership with GZCD•STAR ALLIANCE for the “Stars Gather at Star Alliance: A Global Search for Lighting” event series. Activities will include a guided tour for 40 overseas buyers, store visits by KOLs, and the “206 Hosted Buyer Program Networking Party.” Together, they will create an integrated program of exhibition matchmaking, direct sourcing at lighting malls, and social networking over cocktails.

This combination of exhibition halls and lighting malls, formal business meetings and informal networking, sets the Guzhen Lighting Fair apart. Behind the event is Guzhen’s extensive local industry. In China’s Lighting Capital, the entire town serves as a showroom, with opportunities to do business throughout the area. This is the foundation of the fair’s distinctive strength: industry concentration drives efficiency, and location creates a competitive advantage that is hard to replicate.

Highlight 5: Five Lighting Forums Address the Industry’s Challenges and Next Steps

This edition will feature five themed forums, all centered on light.

“Illuminating Prospects: Forum on Industry Trends and New Opportunities in Guzhen” will examine the reshaping of global trade and the direction of industrial policy, exploring how the industry can move from selling lighting products to providing lighting solutions and services.

The “Building Intelligence with Light, Achieving Low-Carbon Coexistence” forum will focus on green, low-carbon IoT applications, wireless AIoT lighting, and upgrades to smart manufacturing in factories.

“Expanding Markets with Light, Making Retail Breakthroughs,” a distribution alliance forum, will address declining foot traffic for dealers and encourage shared access to customer bases and joint brand initiatives among lighting malls.

“Light for All Homes, Harmonious Living,” a forum on health-focused lighting, will explore lighting environments that serve people of all ages and the standardization of lighting for older adults.

“Global Reach with Light, Profit at the Endpoints,” a practical matchmaking forum on cross-platform customer acquisition through new media and overseas expansion, will focus on AI-powered customer acquisition across new media channels and generative engine optimization (GEO).

The five events will be organized in collaboration with leading bodies including the China Association of Lighting Industry, the Guangdong Lighting Association, and the Guangdong Electronic Commerce Association. They will cover industry trends, smart manufacturing, retail channels, health-focused lighting, and overseas expansion through new media. Their themes address both where businesses should go and how to get there. Combining strategic direction with practical methods is precisely the value industry dialogue should deliver.

Highlight 6: A Networking Party Builds Industry Consensus Through Recognition

To mark its 35th edition, the fair will hold the 35th Guzhen Lighting Fair Sourcing and Supply Information Networking Dinner on the evening of October 22. The organizing committee will launch a “Gold Partners” recognition program, with awards across several categories honoring companies that have supported the fair over the long term, demonstrated sustained commitment to the industry, and excelled in their respective fields.

By recognizing exemplary businesses, the program will establish industry role models, strengthen longstanding exhibitors’ connection to the fair, and demonstrate to global buyers the industry’s commitment to quality and a strong reputation for reliability. Around 250 key guests are expected to be invited, including representatives of government, business and industry associations, industrial bases, and high-caliber exhibitor partners. With the fair as a meeting point, the dinner will help companies support one another and strengthen ties between individual businesses and the wider industry.

Highlight 7: The 2026 Short-Video & Live Creator Contest Award Ceremony and KOL Tours Test New Ways for a Traditional Trade Fair to Reach Wider Audiences

“Good Lighting in Guzhen: The 2026 Short-Video & Live Creator Contest Award Ceremony” has evolved into a year-round signature event on Douyin and WeChat Channels. It features two categories, short-form video and on-site livestreaming, with quarterly popularity awards, annual grand prizes, and other honors. Recognition, audience metrics, and cash prizes will encourage participation by industry buyers and sellers, creators, and influencers.

The “Star Scout KOL Sourcing Group” will bring together more than 30 short-video creators specializing in lighting. Through in-depth short videos and on-site livestreams, they will explore the fair and amplify its reach across their combined online channels. Campaign-related content is expected to generate more than one million impressions over the full campaign period.

The Data Foundation: A Buyer Database of Over 1.3 Million Records and Year-Round Online Exhibitions and Trade

For promotion and buyer outreach, the fair uses the IIRIS data management system to draw on more than 1.3 million global buyer records. It works with over 150 trade and general-interest media outlets and web portals, alongside a social media presence on WeChat, Douyin, Kuaishou, Xiaohongshu, and Weibo, to send multiple rounds of targeted invitations to buyers in more than 140 countries and regions. Offline, it partners with over ten industry print publications and sends promotion teams to more than 40 lighting wholesale markets across China. Outdoor advertising will also appear along Guzhen’s main roads, on shuttle buses, and on LED displays.

On the digital side, the fair’s specialized B2B trading website, Denggle.com, and its online exhibition and e-commerce platform, Denggle EZbuy, use big data and intelligent recommendations to match buyers and suppliers precisely, providing online exhibition and trading services 365 days a year. By extending a four-day fair into a year-round online presence and complementing in-person connections with data-driven matching, the Guzhen Lighting Fair is redefining the reach of a lighting exhibition, extending it beyond its physical venue and four-day run.

Since its launch in 1999, the Guzhen Lighting Fair has held 34 successful editions over 27 years. From a regional ordering fair to an international exhibition and trading platform spanning more than 1.5 million square meters, each stage of its development has kept pace with the transformation of China’s lighting industry.

As AI integration reshapes lighting products, health-focused lighting responds to people’s aspirations for a better life, and green, low-carbon practices become a requirement for access to global supply chains, the 35th Guzhen Lighting Fair offers more than seven event highlights. It presents a promising vision for the future of China’s lighting industry.

View original content:https://www.prnewswire.com/apac/news-releases/thousands-of-suppliers-nine-buyer-delegations-three-major-trends-the-35th-guzhen-lighting-fair-opens-october-22-to-chart-new-directions-for-the-industry-302911746.html

SOURCE China (Guzhen) International Lighting Fair

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DR. PHONE FIX ANNOUNCES AMENDMENT TO INTEREST CONVERSION TERMS OF CONVERTIBLE DEBENTURES

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/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

EDMONTON, AB, Oct. 16, 2026 /CNW/ — Dr. Phone Fix Canada Corporation (“Dr. Phone Fix” or the “Company”) (TSXV: DPF) announces that it has entered into an amending agreement dated October 8, 2026 (the “Amending Agreement”) to amend the mechanics for converting accrued and unpaid interest under its unsecured convertible debentures issued on June 24, 2026 and July 17, 2026 in the aggregate principal amount of $1,608,000 and bearing interest at 10% per annum (the “Debentures”). The conversion price applicable to the principal amount of the Debentures is not affected by the amendments.

Under the Amending Agreement, the principal amount of the Debentures remains convertible, at the option of the holder, at any time on or before the maturity date into common shares of the Company (“Common Shares”) at a conversion price of $0.16 per Common Share. Accrued and unpaid interest on the Debentures remains convertible into Common Shares at the option of the holder, but at a deemed price per Common Share (the “Interest Conversion Price”) equal to the closing price of the Common Shares on the TSX Venture Exchange (the “TSXV”) on the last trading day before the holder delivers a notice electing to convert interest (an “Interest Conversion Notice”), provided that the Interest Conversion Price will not be less than the Market Price (as defined in the policies of the TSXV) on that trading day.

An Interest Conversion Notice must be delivered within the five trading days before the date on which the applicable interest becomes payable, including on conversion of the principal amount, in which case the Interest Conversion Notice is to be delivered together with the conversion notice. Any issuance of Common Shares in satisfaction of interest is subject to the prior acceptance of the TSXV, and any interest that is not converted, or for which TSXV acceptance is not obtained, will be paid in cash. The form of conversion notice attached to the Debentures has been updated to reflect these amendments. All other terms of the Debentures remain unchanged.

The terms of the Debentures provide that they may be amended with the consent of the holders of a majority of the aggregate principal amount of the Debentures outstanding, and that all holders are bound by any amendment so approved. Holders of more than 50% of the aggregate principal amount of the outstanding Debentures have consented to the Amending Agreement. Accordingly, the amendments are binding on all holders of Debentures, whether or not they executed the Amending Agreement and whether or not replacement certificates are issued.

The amendments to the Debentures remain subject to the acceptance of the TSXV.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this news release in the United States. Such securities have not been, and will not be, registered under the U.S. Securities Act, or any state securities laws, and, accordingly, may not be offered or sold within the United States, or to or for the account or benefit of persons in the United States or “U.S. Persons”, as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

About Dr. Phone Fix

Dr. Phone Fix is an award-winning, eco-friendly, and customer-centric integrated device care platform providing repair, refurbishment, certified pre-owned devices, trade-in solutions, accessories and related services through its growing national retail network. Founded in 2019, the Company serves consumers and businesses across multiple Canadian markets, delivering convenient and reliable device care solutions through its corporately owned retail network. With a focus on operational execution, customer service and sustainability, Dr. Phone Fix continues to expand its national platform while supporting the repair, reuse and extension of the useful life of connected devices.

NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

Forward-Looking Information and Cautionary Statements

Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expect”, “potential”, “believe”, “intend” or the negative of these terms and similar expressions. Forward-looking statements in this news release include statements relating to: the acceptance of the amendments to the Debentures by the TSXV; and the conversion of principal and interest under the Debentures and the issuance of Common Shares in connection therewith. Forward-looking information in this news release is based on certain assumptions and expected future events, namely: the Company’s financial condition and development plans do not change as a result of unforeseen events; and the Company will be able to obtain the financing required in order to develop and continue its business and operations. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the Company’s inability to obtain TSXV acceptance of the amendments to the Debentures or of any issuance of Common Shares in satisfaction of interest; market conditions and investor demand for the Company’s securities; and general economic and market conditions. Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

SOURCE Dr. Phone Fix

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Brightmoor Hospice, LLC Provides Notification of Data Security Incident

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GRIFFIN, Ga., Oct. 16, 2026 /PRNewswire/ — Brightmoor Hospice, LLC (“Brightmoor”) is providing notification of a data security incident that may have impacted certain protected health information.

On or around March 25, 2026, Brightmoor Hospice, LLC (“Brightmoor”) discovered suspicious activity related to two employees’ email accounts. Upon discovery, Brightmoor took immediate action to secure the accounts and engaged a team of third-party specialists to investigate. The investigation determined that two employee email accounts were accessed without authorization between March 24, 2026, and March 25, 2026. Upon confirmation of unauthorized access, Brightmoor began a comprehensive review of the contents of the affected accounts to determine whether they contained sensitive information pertaining to individuals. On August 18, 2026, Brightmoor determined that protected health information belonging to certain patients was present within the accounts. Brightmoor then conducted a time-intensive review of its internal records to locate address information for the potentially impacted individuals. On October 16, 2026, Brightmoor began notifying individuals by mail.

The types of information vary by individual and may include name and one or more of the following: addresses, Social Security numbers, driver’s license information, dates of birth, patients’ identification numbers, diagnosis, medical history information, medical record numbers, medical treatment information, lab information, treating doctor’s name, medication information, vaccination information, medical insurance information, and family and social history information.

In response to this incident, Brightmoor worked with third-party specialists to investigate and implement additional security measures within its network. Brightmoor has no evidence of actual or attempted misuse of information as a result of this incident. Nonetheless, in an abundance of caution, Brightmoor is providing notice to potentially affected individuals and offering complimentary credit monitoring services. Individuals are also encouraged to monitor their account statements and explanation of benefits forms for suspicious activity and to detect errors. In addition, Brightmoor has notified the U.S. Health and Human Services Office for Civil Rights of this incident. 

Brightmoor has established a toll-free call center to answer questions about the incident and to address related concerns. The number for the hotline is 1-800-759-8524. The hotline hours of operation are Monday through Friday from 8 AM to 8 PM EST, excluding holidays. You can also write to 3247 Newnan Rd, Griffin, GA 30223.

Brightmoor takes protecting the privacy and security of personal information seriously and is reviewing and implementing further security enhancements designed to strengthen the protection of our systems.

View original content:https://www.prnewswire.com/news-releases/brightmoor-hospice-llc-provides-notification-of-data-security-incident-302911735.html

SOURCE Brightmoor Hospice, LLC

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