secwatch.observer — SEC 8-K summary
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Issuer:     Heritage Insurance Holdings, Inc. (HRTG)
CIK:        0001598665
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001193125-23-269440
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Heritage Q3 net loss narrows to $7.4M from $48.2M YoY; combined ratio improves 22.5 pts
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- Net loss of $7.4M ($0.28 diluted EPS) vs $48.2M ($1.83) in Q3 2022; improved on higher net premiums earned and lower losses.
- Gross premiums earned $337.0M, up 9.4% YoY; net premiums earned $176.6M, up 10.6%.
- Net combined ratio 110.8%, improved 22.5 pts from 133.3%; net loss ratio improved to 74.4% from 97.6%.
- Book value per share $5.65, up 24.4% YoY; dividend remains suspended.
- Average premium per policy up 25.5% YoY; Florida personal lines policies down 16% as part of exposure management.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1598665/000119312523269440/0001193125-23-269440-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1598665/000119312523269440/d454195d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-269440

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