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Business Combinations (Tables) | 12 Months Ended
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Dec. 31, 2025
Business Combination [Abstract] |
Schedule of Business Acquisitions | The table below provides a summary of the total consideration and the estimated purchase price allocations made for each of the business acquisitions that became effective during the year ended December 31, 2025.
(in thousands) | MultiStrat |  | Hippo’s Homebuilder Distribution Network |  | Totals
Cash consideration paid | $ | 12,054 |  |  | $ | 75,345 |  |  | $ | 87,399 |
Fair value of contingent earnout consideration | 8,470 |  |  | — |  |  | 8,470 |
Fair value of equity interest | 863 |  |  | — |  |  | 863 |
Deferred payment | 2,901 |  |  | 29,445 |  |  | 32,346 |
Total consideration | $ | 24,288 |  |  | $ | 104,790 |  |  | $ | 129,078 |
Recognized amounts of identifiable assets acquired and liabilities assumed: |  |  |  |  |
Cash | $ | 355 |  |  | $ | 1,533 |  |  | $ | 1,888 |
Assumed premiums, commissions and fees receivable | 12,190 |  |  | 1,331 |  |  | 13,521 |
Other assets | 1,687 |  |  | 999 |  |  | 2,686 |
Intangible assets | 7,167 |  |  | 111,190 |  |  | 118,357 |
Accrued expenses and other current liabilities | (3,427) |  |  | (852) |  |  | (4,279) |
Contingent earnout liability | — |  |  | (9,977) |  |  | (9,977) |
Total identifiable net assets acquired | 17,972 |  |  | 104,224 |  |  | 122,196 |
Noncontrolling interest in partnership | — |  |  | (97,920) |  |  | (97,920) |
Goodwill | 6,316 |  |  | 98,486 |  |  | 104,802 |
| $ | 24,288 |  |  | $ | 104,790 |  |  | $ | 129,078 |
Maximum potential contingent obligations | $ | 16,500 |  |  | (1) |  | (1)
__________ (1) Hippo’s Homebuilder Distribution Network has an uncapped earnout related to a previous business combination based on legacy account revenue.
Schedule of Weighted-Average Useful Lives of Intangible Assets Acquired in Business Combinations | The intangible assets acquired in connection with the partnerships have the following values and estimated weighted-average lives:
(in thousands, except weighted-average lives) | Amount |  | Weighted- Average Life
Acquired relationships(1) | $ | 117,070 |  |  | 10.0 years
Trade names | 550 |  |  | 5.0 years
Software(2) | 737 |  |  |
__________ (1) Includes $111.2 million relating to the partnership with Hippo’s Homebuilder Distribution Network. (2) Software acquired in the MultiStrat partnership consists of internally-developed software, which will not be placed in service or amortized until it reaches technological feasibility.
Unaudited Pro Forma Consolidated Results of Operations for Business Combinations | January 1, 2024. This pro forma information should not be relied upon as being indicative of the historical results that would have been obtained if the acquisition had occurred on that date, nor of the results that may be obtained in the future.
|  | For the Years Ended December 31,
(unaudited) (in thousands) |  | 2025 |  | 2024
Pro forma results: |  |  |  |
Total revenues(1) |  | $ | 1,523,375 |  |  | $ | 1,426,876 |
Net loss(1) |  | (50,680) |  |  | (40,588) |
__________ (1) Reflects annual GAAP revenue/net loss, plus revenue/net income (loss) from partnerships in the unowned portion of the period based on a quality of earnings review and not an audit, in each case, at the time the due diligence was conducted and may not include full revenue run rate for partial period impacts in the quality of earnings review.

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