Hubris will be replaced – either now or later, and either by godly sorrow which leads to repentance, or by worldly sorrow that leads to death. There is a chasm of difference between repentance (contrition and faith), and the faithless regret of comeuppance.
Sadly there are many who resist their whole lives, and will fall never to rise again. But those who bow the knee today, who repent and believe, who do not suppose they may recommend themselves to God, will be raised up. The fall of which Simeon speaks is not the fall into sin, but falling in humble honor before our Lord Jesus at whose name every knee will bow in heaven and on earth. And one day every tongue will confess that Jesus Christ is Lord, to the glory of God the Father. This little baby will bring all that about, with the Father and the Holy Spirit.