HRTG
Heritage Insurance Holdings, Inc.29.07
-0.50-1.69%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A colors competition headwinds, profits
Q&A clarified commercial residential competition as a temporary top-line headwind, mostly behind them after 2025 pivots, with profitability solid and 2026 growth expected via dedicated teams. Florida delivers strong profits from tort reform and minimal CATs, Northeast improves on rates, nearing full rate adequacy across 90% of geographies. Statutory surplus comfortably funds growth; board open to expanding $25M buyback plan. Combined ratios stay favorable near-term on reinsurance relief, underlying steady before rate normalization. Headwinds temporary. Management addressed probes directly, reaffirming outlook momentum. Investors track commercial stabilization, Texas entry.
Key Stats
Market Cap
901.68MP/E (TTM)
6.02Basic EPS (TTM)
4.83Dividend Yield
0%Recent Filings
8-K
Q4 net income jumps 229%
Heritage Insurance crushed Q4 2025 with net income soaring 228.5% to $66.7 million on a stellar 62.0% combined ratio, down 27.7 points from prior year, fueled by sharp loss ratio cuts and benign weather. Book value per share rocketed 72.5% to $16.39. Strategic discipline positions them for 2026 growth, including Texas E&S entry.
8-K
Q4 net income tops $60M
Heritage Insurance Holdings issued preliminary Q4 2025 results on February 23, 2026, projecting after-tax net income over $60 million—or more than $2.00 per share—and full-year ROE above 45%, fueled by higher revenue yet lower losses and expenses versus prior year. Full results drop March 9. Figures remain preliminary, subject to audit tweaks.
10-Q
Q3 FY2025 results
Heritage Insurance Holdings crushed Q3 with net premiums earned dipping just 1.9% y/y to $195.1M amid higher ceded premiums, yet operating income rocketed 497% to $70.2M on a 42.5% plunge in losses and LAE to $74.8M—thanks to zero cat losses versus $48.7M last year and $5.0M favorable reserve development. Gross premiums written climbed 6.4% to $333.2M from rate hikes, while net combined ratio sharpened to 72.9% from 100.6%. Cash swelled to $560.4M, long-term debt halved to $79.3M after refinancing; free cash flow not disclosed in the 10-Q. Diluted EPS reconciles at $1.63 on 31.0M shares. Coastal catastrophe exposure looms large.
8-K
Q3 net income soars to $50.4M
Heritage Insurance crushed Q3 2025 with net income of $50.4 million ($1.63/share), up from $8.2 million last year, thanks to a stellar 72.9% combined ratio—27.7 points better—fueled by 38.3% loss ratio and fewer weather hits. Gross premiums earned rose 2.2% to $362.0 million; new business surged 166%. Book value per share hit $14.15, up 55.5%. Policy growth resumes soon.
8-K
Director Berset retires immediately
IPO
Website
Employees
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