Heritage Q2 net income $7.8M vs loss $87.9M YoY; combined ratio 95.1%

Heritage Insurance Holdings, Inc.

2023-Q2 EPS reported $0.85 revenue$362,234,000

Net income of $7.8M ($0.30 diluted EPS) vs net loss of $87.9M ($3.32 loss) in Q2 2022.
Gross premiums written $396.6M, up 8.6% YoY; net premiums earned $176.8M, up 11.7%.
Net combined ratio improved to 95.1% from 99.4%, driven by loss ratio down 3.8 pts to 60.3%.
Florida personal lines policies-in-force intentionally declined 15.8%; average premium per policy up 24.3% YoY.
Dividend suspension continues; no share repurchases in quarter.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Heritage Insurance Holdings, Inc. reported second quarter of 2023 results: net income net income of $7.8 million or $0.30 per diluted share, EPS $0.30 per diluted share.

Period: second quarter of 2023
Net income: net income of $7.8 million or $0.30 per diluted share
EPS: $0.30 per diluted share
Result: reported results

Exact text from the filing

Heritage Insurance Holdings, Inc. (the “Company”) issued a press release announcing financial results for its fiscal quarter ended June 30, 2023.

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Source: SEC EDGAR

accession 0001193125-23-206491

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