The company’s underwriting metrics also showed notable improvement. The net loss ratio improved by 25 percentage points to 48%, while the combined ratio declined to 100%, reflecting a break-even underwriting position. This was attributed to the absence of significant catastrophe losses, rate actions, and increased diversification across the portfolio. Homeowners business accounted for 32% of total gross written premium, down from 47% a year earlier, as Hippo continued to expand its Casualty and Commercial Multi-Peril (CMP) lines, which grew 137% and 123% respectively.