Heritage Q4 net income $30.9M ($1.15 EPS); combined ratio improves to 84.9%

Heritage Insurance Holdings, Inc.

Net income of $30.9M ($1.15 diluted EPS) vs $12.5M ($0.48) a year ago; net loss ratio improved 11.4 pts to 51.0%.
Gross premiums earned $339.6M (+7.0% YoY); net premiums earned $177.7M (+6.9%); net combined ratio improved 11.2 pts to 84.9%.
Book value per share $7.29, up 42.1% from $5.13; dividend suspension continued; raised ~$25.7M in Dec equity offering at $6.75/share.
Personal lines policies-in-force down 15.0%; commercial residential premium in force up 63.9% YoY as part of diversification.
Catastrophe losses fell to $3.1M from $15.3M; net weather losses $11.0M vs $27.5M in prior Q4.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Heritage Insurance Holdings, Inc. reported fiscal quarter ended December 31, 2023 results: net income $30.9 million, EPS $1.15 per diluted share.

Period: fiscal quarter ended December 31, 2023
Net income: $30.9 million
EPS: $1.15 per diluted share
Result: reported results

Exact text from the filing

On March 11, 2024, Heritage Insurance Holdings, Inc. (the “Company”) issued a press release announcing financial results for its fiscal quarter ended December 31, 2023.

View on SEC.gov

379 earnings releases filed in the last 30 days. Browse all earnings releases →

Heritage Insurance Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-064867

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.