Heritage Q1 2024 net income $14.2M; combined ratio 94.0%, in-force premium up 6.2%

Heritage Insurance Holdings, Inc.

2024-Q1 EPS reported $0.47 revenue$191,302,000

Net income $14.2M ($0.47 diluted EPS) vs $14.0M ($0.55) in Q1 2023; EPS down due to higher share count.
Gross premiums earned $341.4M (+7.7% YoY); net premiums earned $179.4M (+8.1%).
Net combined ratio improved to 94.0% from 94.5%; net loss ratio improved 1.8 pts to 56.9%.
Book value per share $7.67, up 26.8% YoY; dividend suspension continues.
Policy count down 14.2% but premiums-in-force up 6.2% to $1.39B; commercial residential premium grew 44.4%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Heritage Insurance Holdings, Inc. reported financial results for the fiscal quarter ended March 31, 2024.

Period: the fiscal quarter ended March 31, 2024
Result: reported results

Exact text from the filing

On May 1, 2024, Heritage Insurance Holdings, Inc. (the “Company”) issued a press release announcing financial results for its fiscal quarter ended March 31, 2024.

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Heritage Insurance Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-127876

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