Heritage estimates $105M net catastrophe losses from Hurricanes Debby, Helene, Milton

Heritage Insurance Holdings, Inc.

Q3 2024 net catastrophe loss estimate ~$48M from Hurricanes Debby/Helene; company still expects positive Q3 net income.
Q4 2024 net catastrophe loss estimate ~$57M from Hurricane Milton; 5,435 claims received with average wait under 1 minute.
Reinsurance tower of $1.30B; gross losses from Milton may reach third layer ($450M-$914M).
Hurricane Milton claim count is just under 50% of Hurricane Ian during same timeframe.
Q3 2024 earnings call on Nov 7, 2024 at 12:00pm ET; results after close on Nov 6.

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