08:00 AM EDT, 06/12/2025 (MT Newswires) -- Hippo Holdings ( HIPO ) said Thursday that it targets 2028 adjusted net income of over $125 million as it released financial goals for the year.

Hippo said its 2028 targets also include over $2 billion in gross written premium and at least 18% in adjusted return on equity.

Additionally, Hippo said it signed an agreement to form a partnership with Baldwin Group. Hippo said the agreement states that Baldwin will purchase Hippo's existing homebuilder distribution network for $100 million, and that Hippo will distribute its new construction homeowners product through Baldwin's Westwood Insurance Agency unit, among other transactions.