earnings
confidence high
sentiment positive
materiality 0.75
Heritage Insurance Q1 net income $36.5M ($1.19 EPS), up 19.7% YoY; combined ratio 81.0%
Heritage Insurance Holdings, Inc.
2026-Q1 EPS reported
$1.19
revenue$212,658,000
- Record Q1 net income $36.5M, EPS $1.19 diluted, up 20.2% vs. $0.99 prior year.
- Net loss ratio improved 3.8 pts to 45.9%; net combined ratio 81.0% vs 84.5%.
- Book value per share $17.15, +61.5% YoY; return on avg equity 28.5%.
- Repurchased 446,484 shares YTD at $12M; Board authorized new $50M buyback plan.
- New business written up 62.7% YoY; reopened 90%+ of geographies; planning Texas entry.