Heritage Q1 2023 net income $14.0M vs loss; diluted EPS $0.55

Heritage Insurance Holdings, Inc.

2023-Q1 EPS reported $0.55 revenue$176,921,000

Net income of $14.0M ($0.55 diluted EPS) vs loss of $30.8M ($1.15 loss) in Q1 2022.
Gross premiums written $310.3M, up 9.6% YoY; net premiums earned $166.0M, up 8.6%.
Net combined ratio improved to 94.5% from 129.5% YoY; net loss ratio 58.7% vs 91.6%.
Premiums-in-force exceeded $1.3B (+10.9% YoY) despite policy count down 9.0%.
Dividend suspension continued; no share repurchases in quarter.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Heritage Insurance Holdings, Inc. reported financial results for first quarter of 2023.

Period: first quarter of 2023
Result: reported results

Exact text from the filing

On May 4, 2023, Heritage Insurance Holdings, Inc. (the “Company”) issued a press release announcing financial results for its fiscal quarter ended March 31, 2023.

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Heritage Insurance Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-136067

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