secwatch.observer — SEC 8-K summary
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Issuer:     Heritage Insurance Holdings, Inc. (HRTG)
CIK:        0001598665
Form:       8-K
Filed at:   2023-03-03T23:59:59+00:00
Accession:  0001193125-23-058565
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Heritage Insurance Q4 net income $12.5M vs loss; premiums up 15.5%
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- Q4 net income of $12.5M ($0.48 diluted EPS) vs net loss of $49.2M ($1.79 loss) in prior year.
- Non-GAAP adjusted net income $12.5M ($0.48 per share), up from $11.3M ($0.41) in prior year.
- Gross premiums written $322.1M, up 15.5% YoY; net combined ratio 96.1% (up 2.9 points).
- Repurchased 341,075 shares at avg $1.78 for ~$625K under stock repurchase program.
- Florida Senate Bill 2A passed; CEO cautiously optimistic on market stabilization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1598665/000119312523058565/0001193125-23-058565-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1598665/000119312523058565/d428354d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-058565

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