Heritage expects best Q4 earnings, $57M Milton impact; Q1 2025 wildfire losses $35-40M

Heritage Insurance Holdings, Inc.

Q4 2024 net income expected to exceed Q2 2024's $18.9M after-tax net income, the best quarter of the year.
Hurricane Milton estimated at $57M impact, including $40M retained cat losses and $17M net reinstatement premium.
Over 9,000 hurricane claims settled, $140M paid; ~90% of 2024 hurricane claims closed as of Jan 21, 2025.
Lower-than-anticipated non-catastrophe accident year losses favorably affected Q4 results.
Q1 2025 expects $35-40M pre-tax net current accident quarter cat losses from Southern California wildfires.

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.