secwatch.observer — SEC 8-K summary
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Issuer:     Heritage Insurance Holdings, Inc. (HRTG)
CIK:        0001598665
Form:       8-K
Filed at:   2024-03-11T23:59:59+00:00
Accession:  0001193125-24-064867
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1598665/000119312524064867/0001193125-24-064867-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1598665/000119312524064867/d779863d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-064867

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