earnings
confidence high
sentiment negative
materiality 0.65
Heritage Insurance reports Q2 net loss of $4.0M, EPS -$0.14, combined ratio 105.2%
Heritage Insurance Holdings, Inc.
2021-Q2 EPS reported
-$0.33
revenue$297,441,000
- Net loss of $4.0M ($0.14 per share) vs net income of $4.1M in prior year quarter.
- Gross premiums written up 16.3% YoY to $337.7M; premiums-in-force $1.2B.
- Net combined ratio 105.2% vs 100.0% prior year; higher weather losses of $35.5M.
- Book value per share $15.20, down 0.8% from Q1 2021.
- Declared quarterly dividend of $0.06 per share, payable Oct 6 to holders of record Sep 15.