Heritage estimates Q3 2023 catastrophe losses of ~$40M from Maui wildfire and Hurricane Idalia

Heritage Insurance Holdings, Inc.

Estimated retained catastrophe losses for Q3 2023 total approximately $40.0 million.
Majority of losses stem from the Maui Wildfire; a modest amount of reinsurance recoveries from the Per Risk program.
Hurricane Idalia losses were fully retained with no reinsurance recoveries.
CEO Ernie Garateix expressed commitment to policyholders and confidence in handling claims.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

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

Period: third quarter of 2023
Result: preliminary results

Exact text from the filing

estimated retained catastrophe losses for the third quarter of 2023 were approximately $40.0 million

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Source: SEC EDGAR

accession 0001193125-23-250873

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