Heritage Insurance Holdings Inc (HRTG)

Heritage Announces Full Placement of 2026-2027 CAT XOL Reinsurance ProgramMay 28, 2026 4:29 PM
PR Newswire (US) TAMPA, Fla., May 28, 2026 /PRNewswire/ -- Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Heritage" or the "Company"), a super-regional property and casualty insurance holding company, announced today that it has fully placed its 2026-2027 indemnity based, catastrophe excess-of-loss reinsurance program for its insurance subsidiaries, Heritage Property Casualty Insurance Company, Narragansett Bay Insurance Company, and Zephyr Insurance Company.Ernie Garateix, CEO of Heritage, commented, "I am very pleased to announce the successful completion of our 2026-2027 catastrophe excess of loss reinsurance program which demonstrates the strong commitment that we have from our reinsurance partners. In this year's renewal, we placed over $2.2 billion of limit including two new catastrophe bonds. We placed more multi-year coverage this year and achieved substantial reinsurance cost savings while providing enhanced vertical protection for each of our insurance entities. I would like to thank our dedicated reinsurance partners who have supported our business through multiple catastrophic events over the last several years and look forward to their continued partnership as we work to prudently grow the Company."Key highlights of the 2026-2027 catastrophe reinsurance program include:Total consolidated cost of approximately $367.5 million, a decrease of $63.2 million from the prior year's renewal cost of approximately $430.7 million.External party first event reinsurance tower exhaustion points of approximately $1.865 billion for the Southeast, $1.245 billion in the Northeast, and $1.00 billion in Hawaii. Each reinsurance tower maybe supplemented with limit purchased through affiliate Osprey Re.Includes $712 million of multi-year coverage with $550 million through fully collateralized catastrophe bonds and $162 million through the private reinsurance market.The loss retention for the Company remains at approximately $50 million for the Southeast and Hawaii, respectively, and $38 million for the Northeast. The retention for each insurance company is expected to be reduced by limit purchased through the Company's affiliate captive reinsurer, Osprey Re.Florida Hurricane Catastrophe Fund participation of 90.0%, consistent with the prior year program.The entire program is indemnity based,with no parametric covers.About Heritage
Heritage Insurance Holdings, Inc. is a super-regional property and casualty insurance holding company. Through its insurance subsidiaries and a large network of experienced agents, the Company writes approximately $1.4 billion of gross personal and commercial residential premium across its multi-state footprint covering the northeast, southeast, Hawaii and California excess and surplus lines. As a catastrophe focused property insurer, our personnel have devoted efforts to policyholders impacted by wildfires, hurricanes, winter storms, and severe convective storms.Forward-Looking Statements
Statements in this press release that are not historical facts are forward-looking statements that are subject to certain risks and uncertainties that could cause actual events and results to differ materially from those discussed herein. Without limiting the generality of the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "intend," "could," "would," "estimate," "or "continue" or the other negative variations thereof or comparable terminology are intended to identify forward-looking statements. This release includes forward-looking statements relating to our 2026-2027 catastrophe reinsurance program. The risks and uncertainties that could cause our actual results to differ from those expressed or implied herein include, without limitation: the success of the Company's underwriting and profitability initiatives; inflation and other changes in economic conditions (including changes in interest rates and financial and real estate markets), including changes that may impact demand for our products and our operations; lack of effectiveness of exclusions and loss limitation methods in the insurance policies we assume or write; inherent uncertainty of our models and our reliance on artificial intelligence as a tool in creating and using such models; the impact of macroeconomic and geopolitical conditions, including the impact of interest rates, supply chain constraints, inflationary pressures, tariffs, labor availability and geopolitical conflicts; the impact of new federal and state regulations that affect the property and casualty insurance market and our failure to meet increased regulatory requirements, including minimum capital and surplus requirements; continued and increased impact of abusive and unwarranted claims; the cost of reinsurance, the collectability of reinsurance and our ability to obtain reinsurance coverage on terms and at a cost acceptable to us; assessments charged by various governmental agencies; pricing competition and other initiatives by competitors; our ability to obtain regulatory approval for requested rate changes, and the timing thereof; legislative and regulatory developments; the outcome of litigation pending against us, including the terms of any settlements; risks related to the nature of our business; dependence on investment income and the composition of our investment portfolio; the adequacy of our liability for losses and loss adjustment expense; our ability to build and maintain relationships with insurance agents; claims experience; ratings by industry services; catastrophe losses; reliance on key personnel; weather conditions (including the severity and frequency of storms, hurricanes, tornadoes, wildfires and hail); changes in loss trends; acts of war and terrorist activities; court decisions and trends in litigation; and other matters described from time to time by us in our filings with the Securities and Exchange Commission, including, but not limited to, the Company's Annual Report on Form 10-K for the year ended December 31, 2024 filed with the Securities and Exchange Commission on March 13, 2025, and subsequent filings. The Company undertakes no obligations to update, change or revise any forward-looking statement, whether as a result of new information, additional or subsequent developments or otherwise.Investor Contact:
Kirk Lusk
Chief Financial Officer
investors@heritagepci.com View original content:https://www.prnewswire.com/news-releases/heritage-announces-full-placement-of-2026-2027-cat-xol-reinsurance-program-302785014.htmlSOURCE Heritage Insurance Holdings, Inc. Original: Heritage Announces Full Placement of 2026-2027 CAT XOL Reinsurance Program

Heritage Reports First Quarter 2026 ResultsMay 7, 2026 4:15 PM
PR Newswire (US) TAMPA, Fla., May 7, 2026 /PRNewswire/ -- Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Heritage" or the "Company"), a super-regional property and casualty insurance holding company, today reported first quarter of 2026 financial results. First Quarter 2026 Result Highlights Heritage reported record first quarter net income of $36.5 million, an increase of 19.7% from net income of $30.5 million in the prior year quarter; and earnings per share of $1.19 per diluted share, an increase of 20.2% from $0.99 per diluted share in the prior year quarter.Gross and Net premiums earned were consistent with the prior year quarter.Net loss ratio improved 3.8 percentage points to 45.9%, from 49.7% in the prior year quarter.Net combined ratio improved by 3.5 percentage points to 81.0%, from 84.5% in the prior year quarter.Return on average equity of 28.5% with average equity up 65.5% from the prior year quarter.Book value per share increased 4.6% from year end 2025 and was up 61.5% from the first quarter of 2025.First quarter cash flow from operations of $24.9 million.Through the date of this earnings release, repurchased 446,884 shares of common stock during 2026 at a cost of $12.0 million.On track to start writing business in Texas on a surplus lines basis.Four new products rolled out in Q1 with six additional products slated to launch in the second half of 2026.Ernie Garateix, Heritage's CEO, commented, "Our first quarter was the most profitable first quarter for the Company since becoming public in 2014. Our net loss ratio was also the lowest delivered in a first quarter since 2015 even with $37 million of weather related losses in the quarter. These results were derived from the consistent application of our strategic profitability initiatives established several years ago that focused on rate adequacy and underwriting discipline, allocating capital to products and geographies that maximize long-term returns, and targeting a balanced and diversified portfolio."Mr. Garateix, continued, "As our strategic initiatives have taken hold, we have re-opened over 90% of our geographies as they have become rate adequate and through our disciplined underwriting program, the quality of the book of business has greatly improved. This strategy is delivering results with new business written rising 62.7% from the first quarter of 2025 and over 30.0% from fourth quarter of 2025. We have expanded geographically, added products, enhanced our data analytics and demonstrated our ability to perform during adverse weather and challenging market conditions. We are also extremely well positioned to take advantage of any market disruptions or emerging opportunities. With our capabilities and financial strength, we will focus on evaluating and allocating capital to profitable products or geographies and we are positioned to expand organically or as accretive business opportunities arise."Strategic Profitability InitiativesThe Company has focused on three main strategic initiatives aimed at achieving consistent long-term quarterly earnings and driving shareholder value, which include:Generating underwriting profit through rate adequacy and more selective underwriting.Allocating capital to products and geographies that maximize long-term returns.Targeting a balanced and diversified portfolio.These three initiatives will remain in place while we also expand our strategy to include our 2026 initiatives. To continue executing on these three strategic initiatives throughout 2026, the Company expects to focus on the following profitability initiatives:Target geographies open for new business, while closely managing risk and exposure.Continue persistent underwriting discipline and focus on rate adequacy while driving prudent top line growth.Enhance data driven analytics using AI and other technology tools.Continue the refinement of customer service and claims capabilities.Leverage infrastructure and capabilities to foster future growth, which includes our plan to enter the State of Texas on an excess and surplus lines basis.Act as opportunities emerge which will continue our diversification and expansion over the next several years.  Expand our relationship with reinsurance partners to expand capacity, manage volatility while pursuing growth.Capital ManagementHeritage's Board of Directors has decided to continue its suspension of the quarterly shareholder dividend to prioritize strategic growth. The Board of Directors will continue to evaluate dividend distributions on a quarterly basis. The Company repurchased 446,484 shares of common stock during 2026 through the current date, at a cost of $12.0 million under the Company's previously announced share repurchase authorization, which authorized the repurchase of up to an aggregate of $25.0 million of common stock through December 31, 2026. On May 7, 2026, the Board of Directors authorized a new $50.0 million share repurchase plan, replacing the prior plan. The new plan is effective immediately through December 31, 2026. Results of OperationsThe following table summarizes results of operations for the three months ended March 31, 2026, and 2025 (amounts in thousands, except percentages and per share amounts):

Three Months Ended March 31,






2026

2025

Change












Total revenues
$212,658

$211,520


0.5
%Net income
$36,483

$30,474


19.7
%Earnings per share
$1.19

$0.99


20.2
%










Book value per share
$17.15

$10.62


61.5
%Return on equity *

28.5
%
39.3
%
(10.8)
 pts










Underwriting summary









Gross premiums written
$346,745

$355,997


(2.6)
%Gross premiums earned
$353,562

$353,828


(0.1)
%Ceded premiums
$(153,870)

$(153,794)


0.0
%Net premiums earned
$199,692

$200,034


(0.2)
%










Ceded premium ratio

43.5
%
43.5
%
—
 pts










Ratios to Net Premiums Earned:









Loss ratio

45.9
%
49.7
%
(3.8)
 ptsExpense ratio

35.2
%
34.8
%
0.4
 ptsCombined ratio

81.0
%
84.5
%
(3.5)
 pts
* Return on equity represents annualized net income for the period divided by average stockholders' equity during the period.Note: Percentages and sums in the table may not recalculate precisely due to rounding.Ratios Ceded premium ratio represents ceded premiums as a percentage of gross premiums earned.Net loss ratio represents net losses and loss adjustment expenses ("LAE") as a percentage of net premiums earned.Net expense ratio represents policy acquisition costs ("PAC") and general and administrative ("G&A") expenses as a percentage of net premiums earned. Ceding commission income is reported as a reduction of PAC and G&A expenses.Net combined ratio represents the sum of net losses and LAE, PAC and G&A expenses as a percentage of net premiums earned. The net combined ratio is a key measure of underwriting performance traditionally used in the property and casualty industry. A combined ratio under 100% generally reflects profitable underwriting results.First Quarter 2026 Results: First quarter 2026 net income was $36.5 million or $1.19 per diluted share, compared to net income of $30.5 million or $0.99 per diluted share in the prior year quarter, primarily driven by higher investment income and a reduction in losses, partly offset by higher general and administrative expenses. The reduction in losses is attributable to a slightly lower net attritional loss ratio resulting from the positive impact of rate actions, underwriting actions, and targeted exposure management taken over the last several years, which continue to favorably impact results, as well as lower weather losses. Policy acquisition costs were lower from the prior year quarter by 1.0%, driven mostly by lower costs associated with premium processing. General and administrative costs increased 4.4% from the prior year quarter driven primarily by human capital costs, with the net general and administrative expense ratio at 12.5% compared to 11.9% for the prior year quarter.Premiums-in-force were $1.427 billion, a decrease of 0.4% compared to $1.432 billion as of the first quarter 2025.Gross premiums written of $346.7 million were down 2.6% from $356.0 million in the prior year quarter, primarily driven by a reduction in commercial residential business which was partly offset by higher gross premiums written for personal lines business. The Florida commercial residential market has become increasingly competitive and management is committed to maintaining adequate margins; as such Heritage will only write business that meets our underwriting and pricing standards. Management is also leveraging the expertise of our commercial residential team to expand this product to other states, the most recent of which is Hawaii. Management believes we have achieved rate adequacy in over 90% of our territories and each of those territories were open for new business as of March 31, 2026. Our catastrophe excess of loss program this year will be completed with higher coverage than previously purchased but also at risk adjusted cost decreases. To the extent our cost of doing business decreases, our policyholders would benefit with reduced pricing, while we maintain adequate margins.Gross premiums earned were $353.6 million, consistent with $353.8 million earned in the prior year quarter, as commercial residential business declined due to the market conditions described above but were largely offset by higher gross premiums earned for the personal residential business.Net premiums earned were $199.7 million, consistent with $200.0 million earned in the prior year quarter, given a small reduction in gross premiums earned described above, with relatively flat ceded premiums for the quarter.Net loss ratio decreased to 45.9%, a 3.8 point improvement from 49.7% in the same quarter last year, driven by lower net losses and LAE and relatively flat net premiums earned.  Net weather and catastrophe losses for the current accident quarter were $36.7 million, a decrease from $43.5 million in the prior year quarter. Catastrophe losses were $24.4 million compared to $31.8 million in the prior year quarter. Other weather losses totaled $12.3 million, an increase of $600,000 from the prior year quarter amount of $11.7 million. Net favorable prior year loss development was $8.2 million for the first quarter of 2025 compared to net favorable loss development of $7.8 million for the prior year quarter.The net expense ratio was 35.2%, a 40 basis point increase from the prior year quarter amount of 34.8%, primarily driven by an increase in human capital-related costs, partly offset by lower policy acquisition costs, with relatively flat net premiums earned.Net combined ratio of 81.0%, a 3.5 point improvement from 84.5% in the prior year quarter, driven by a lower net loss ratio partly offset by a higher net expense ratio as described above.Net investment income increased to $9.9 million, a 15.1% increase from $8.6 million in the first quarter of 2025, driven mostly by a higher balance of invested assets. We continue to maintain a conservative portfolio with high quality investments and duration liability matched.The effective tax rate was 25.6% compared to 23.8% in the prior year first quarter. We calculate the provision for income taxes during interim reporting periods by applying an estimate of the effective tax rate for the full year. The effective tax rate is 1.8 points higher than the prior year quarter, with the variance driven by estimates of pre-tax income and permanent items. The effective tax rate can fluctuate throughout the year as income changes and estimates used in each quarterly tax provision are updated with additional information.Supplemental Information:Policies-in-force:Q1 2026

Q1 2025

% Change

Personal Residential
341,843


364,781


(6.29)
%Commercial Residential
3,069


2,908


5.54
%Other
8,997


10,132


(11.20)
%Total
353,909


377,821


(6.33)
%









Premiums-in-force:








Personal Residential
1,161,078,115


1,144,698,410


1.43
%Commercial Residential
256,415,766


278,158,021


(7.82)
%Other
9,632,637


9,796,388


(1.67)
%Total
1,427,126,518


1,432,652,819


(0.39)
%









Total Insured Value:








Personal Residential
317,090,936,074


320,649,423,206


(1.11)
%Commercial Residential
48,009,340,202


42,995,169,737


11.66
%OtherN/A

N/A


—
%Total
365,100,276,276


363,644,592,943


0.40
%Book Value Analysis:

As of
Book Value Per Share
March 31, 2026

December 31, 2025

March 31, 2025
Numerator:








Common stockholders' equity
$520,372

$505,251

$329,003
Denominator:








Total Shares Outstanding

30,334,925


30,833,776


30,993,270
Book Value Per Common Share
$17.15

$16.39

$10.62
Book value per share was $17.15 at March 31, 2026, an increase of 4.6% from December 31, 2025 and an increase of 61.5% from the first quarter of 2025. The increase in Shareholders' Equity from December 31, 2025 was primarily driven by net income, partially offset by a $3.4 million net-of-tax increase in unrealized losses on the Company's fixed income securities portfolio, $10.0 million related to the repurchase of 370,484 shares of common stock, during the first quarter of 2026, and $8.9 million from vested performance-based shares surrendered to satisfy tax withholding obligations. The decline in the number of shares outstanding was driven by the repurchase of common stock and shares surrendered for income tax withholdings, partly offset by issuance of restricted stock during the quarter. The increase in average stockholders' equity of 65.5% over the prior year quarter caused the ROAE for the prior year quarter to be higher than the current year quarter, despite higher net income for the current year quarter.The unrealized losses are unrelated to credit risk but are instead attributable to rising interest rates, with the increase in unrealized losses driven by higher interest rates during the quarter. Heritage does not anticipate a need to sell investments in advance of their maturity. As such, the Company expects unrealized losses to continue to roll off the portfolio as investments mature. The average duration of the fixed income portfolio is 3.4 years as the Company has extended duration to take advantage of higher yields further out on the yield curve, while still maintaining a short duration, high credit quality portfolio.Conference Call Details:
Friday, May 8, 2026– 9:00 a.m. ET
North American Dial-in Numbers Toll Free: 1-888-346-3095
International Dial In: 1-412-902-4258Webcast:  To listen to the live webcast, please go to http://investors.heritagepci.com. This webcast will be archived and accessible on the Company's website.HERITAGE INSURANCE HOLDINGS, INC. Condensed Consolidated Balance Sheets (Amounts in thousands, except share amounts) 

March 31, 2026

December 31, 2025
ASSETS(unaudited)



Fixed maturities, available-for-sale, at fair value$751,384

$713,237
Equity securities, at fair value
1,072


1,064
Other investments, net
1,259


1,285
Total investments
753,715


715,586
Cash and cash equivalents
517,070


559,274
Restricted cash
16,221


13,307
Accrued investment income
6,272


6,556
Premiums receivable, net
93,989


95,331
Reinsurance recoverable on paid and unpaid claims, net
261,179


318,588
Prepaid reinsurance premiums
194,607


307,039
Deferred income tax asset, net
5,589


5,855
Deferred policy acquisition costs, net
64,367


64,544
Property and equipment, net
28,447


28,254
Right-of-use lease asset, finance
11,978


12,598
Right-of-use lease asset, operating
6,328


4,878
Intangibles, net
28,643


30,189
Other assets
32,579


33,823
Total Assets$2,020,984

$2,195,822
LIABILITIES AND STOCKHOLDERS' EQUITY




Unpaid losses and loss adjustment expenses$544,043

$579,477
Unearned premiums
701,090


707,923
Reinsurance payable
73,498


232,801
Long-term debt, net
77,613


78,428
Advance premiums
30,797


19,164
Income tax payable/receivable
15,499


4,282
Accrued compensation
4,896


8,844
Lease liability, finance
14,914


15,587
Lease liability, operating
6,521


5,800
Accounts payable and other liabilities
31,741


38,265
Total Liabilities$1,500,612

$1,690,571
Stockholders' Equity:




Common stock, $0.0001 par value
3


3
Additional paid-in capital
357,813


365,736
Accumulated other comprehensive loss, net of taxes
(13,988)


(10,555)
Treasury stock, at cost
(143,189)


(133,183)
Retained earnings
319,733


283,250
Total Stockholders' Equity
520,372


505,251
Total Liabilities and Stockholders' Equity$2,020,984

$2,195,822
 HERITAGE INSURANCE HOLDINGS, INC. Condensed Consolidated Statements of Operations(Amounts in thousands, except per share and share amounts)(Unaudited) 
Three Months Ended March 31,

2026

2025
REVENUE:




Gross premiums written$346,745

$355,997
Change in gross unearned premiums
6,817


(2,169)
Gross premiums earned
353,562


353,828
Ceded premiums
(153,870)


(153,794)
Net premiums earned
199,692


200,034
Net investment income
9,867


8,575
Net realized gains (losses) on debt securities and other investments
16


(4)
Other revenue
3,083


2,915
  Total revenue
212,658


211,520
EXPENSES:




Losses and loss adjustment expenses
91,597


99,407
Policy acquisition costs
45,335


45,815
General and administrative expenses
24,908


23,862
  Total expenses
161,840


169,084
  Operating income
50,818


42,436
Interest expense, net
1,779


2,426
  Income before taxes$49,039

$40,010
Income tax expense
12,556


9,536
  Net income$36,483

$30,474
Weighted average shares outstanding




Basic
30,680,933


30,697,826
Diluted
30,740,251


30,757,089
Earnings per share




Basic$1.19

$0.99
Diluted$1.19

$0.99
About Heritage Heritage Insurance Holdings, Inc. is a super-regional property and casualty insurance holding company. Through its insurance subsidiaries and a large network of experienced agents, the Company writes approximately $1.4 billion of gross personal and commercial residential premium across its multi-state footprint covering the northeast, southeast, Hawaii and California excess and surplus lines.Forward-Looking Statements Statements in this press release and on our earnings conference call that are not historical facts are forward-looking statements that are subject to certain risks and uncertainties that could cause actual events and results to differ materially from those discussed herein. Without limiting the generality of the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "intend," "could," "would," "estimate," "or "continue" or the other negative variations thereof or comparable terminology are intended to identify forward-looking statements. This release and our earnings conference call include forward-looking statements, including statements relating to our strategic initiatives for 2026 and our ability to profitably grow our business and deliver value to our shareholders either organically or through accretive business opportunities; our ability to take advantage of market disruptions and emerging opportunities; our positioning to deliver managed growth with rate adequacy in our markets and our intent not to write policies that we believe are underpriced or do not meet our underwriting standards; our expectations and plans regarding our margins and maintaining adequate margins; our beliefs regarding commercial residential market competitiveness, generally, and pricing pressure in Florida, specifically; our expectations regarding our catastrophe excess of loss program; our capital allocation strategy, including our Board's evaluation of dividend distributions and share repurchases and our evaluation of the intrinsic value of our common stock; our new geography and product diversification and expansion strategy, including our plan to enter the Texas market on an E&S lines basis, and our plans relating to employee and agency and distribution relationships in any new market; our focus on underwriting discipline, exposure management and rate adequacy in existing and new geographies, leveraging our scale, continued enhancement of data and AI-driven analytics and our other strategic priorities for 2026; our expectations regarding reinsurance capacity and pricing, including the impact of certain tort reform legislation and lack of catastrophe losses, and the resulting effect on costs to insurance consumers; and our expectations regarding our financial results in 2026 and beyond and the drivers of such results. The risks and uncertainties that could cause our actual results to differ from those expressed or implied herein include, without limitation: the success of the Company's underwriting and profitability initiatives; inflation and other changes in economic conditions (including changes in interest rates and financial and real estate markets), including changes that may impact demand for our products and our operations; lack of effectiveness of exclusions and loss limitation methods in the insurance policies we assume or write; inherent uncertainty of our models and our reliance on artificial intelligence as a tool in creating and using such models; the impact of macroeconomic and geopolitical conditions, including the impact of interest rates, supply chain constraints, inflationary pressures, tariffs, labor availability and geopolitical conflicts; the impact of new federal and state regulations that affect the property and casualty insurance market and our failure to meet increased regulatory requirements, including minimum capital and surplus requirements; continued and increased impact of abusive and unwarranted claims; the cost of reinsurance, the collectability of reinsurance and our ability to obtain reinsurance coverage on terms and at a cost acceptable to us; assessments charged by various governmental agencies; pricing competition and other initiatives by competitors; our ability to obtain regulatory approval for requested rate changes, and the timing thereof; legislative and regulatory developments; the outcome of litigation pending against us, including the terms of any settlements; risks related to the nature of our business; dependence on investment income and the composition of our investment portfolio; the adequacy of our liability for losses and loss adjustment expense; our ability to build and maintain relationships with insurance agents; claims experience; ratings by industry services; catastrophe losses; reliance on key personnel; weather conditions (including the severity and frequency of storms, hurricanes, tornadoes, wildfires and hail); changes in loss trends; acts of war and terrorist activities; court decisions and trends in litigation; and other matters described from time to time by us in our filings with the Securities and Exchange Commission, including, but not limited to, the Company's Annual Report on Form 10-K for the year ended December 31, 2025 filed with the Securities and Exchange Commission on March 12, 2026, and subsequent filings. The Company undertakes no obligations to update, change or revise any forward-looking statement, whether as a result of new information, additional or subsequent developments or otherwise.Investor Contact:
Kirk Lusk
Chief Financial Officer
investors@heritagecompanies.com  View original content to download multimedia:https://www.prnewswire.com/news-releases/heritage-reports-first-quarter-2026-results-302766027.htmlSOURCE Heritage Insurance Holdings, Inc. Original: Heritage Reports First Quarter 2026 Results

Heritage Announces First Quarter 2026 Earnings DatesApril 21, 2026 4:15 PM
PR Newswire (US)

TAMPA, Fla., April 21, 2026 /PRNewswire/ -- Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Heritage" or the "Company"), a super-regional property and casualty insurance holding company, will announce its first quarter 2026 financial results after the market close on Thursday, May 7, 2026, followed by a 9:00am ET conference call on Friday, May 8, 2026.Conference Call Details:
North American Dial-in: 1-888-346-3095
International Dial-in: 1-412-902-4258
Telephone participants should ask to be joined into the Heritage Insurance Holdings First Quarter 2026 Earnings Call.Webcast:
A live audio webcast of the earnings call will be available in the investors section of the company's website. The call will be archived and available for replay.Financial information, including material announcements about Heritage, is routinely posted on investors.heritagepci.com.About Heritage Heritage Insurance Holdings, Inc. is a super-regional property and casualty insurance holding company. Through its insurance subsidiaries and a large network of experienced agents, the Company writes approximately $1.4 billion of gross personal and commercial residential premium across its multi-state footprint covering the northeast, southeast, Hawaii and California excess and surplus lines. As a catastrophe focused property insurer, our personnel have devoted efforts to policyholders impacted by wildfires, hurricanes, winter storms, and severe convective storms.Investor Contact:Kirk Lusk
Chief Financial Officer
investors@heritagepci.com



View original content:https://www.prnewswire.com/news-releases/heritage-announces-first-quarter-2026-earnings-dates-302749285.htmlSOURCE Heritage Insurance Holdings, Inc.

Original: Heritage Announces First Quarter 2026 Earnings Dates

Heritage to Present at the Sidoti Small Cap Virtual ConferenceMarch 12, 2026 4:15 PM
PR Newswire (US)

TAMPA, Fla., March 12, 2026 /PRNewswire/ -- Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Heritage" or the "Company"), a super-regional property and casualty insurance holding company, today announced that Ernie Garateix, CEO, and Kirk Lusk, CFO, will participate at the Sidoti Small Cap Virtual Conference on Wednesday, March 18, 2026. In addition to participating in one-on-one investor meetings, management is scheduled to present at 3:15 PM Eastern Time.Interested investors and other parties can access a live webcast and replay of the presentation on the events section of the Company's investor website at investors.heritagepci.com.About Heritage
Heritage Insurance Holdings, Inc. is a super-regional property and casualty insurance holding company. Through its insurance subsidiaries and a large network of experienced agents, the Company writes approximately $1.4 billion of gross personal and commercial residential premium across its multi-state footprint covering the northeast, southeast, Hawaii and California excess and surplus lines.Investor Contact:  
Kirk Lusk
Chief Financial Officer
investors@heritagepci.com



View original content:https://www.prnewswire.com/news-releases/heritage-to-present-at-the-sidoti-small-cap-virtual-conference-302712586.htmlSOURCE Heritage Insurance Holdings, Inc.

Original: Heritage to Present at the Sidoti Small Cap Virtual Conference

Heritage Insurance shares climb more than 5% after strong Q4 earnings beatMarch 9, 2026 9:45 AM
IH Market News
Heritage Insurance Holdings, Inc. (NYSE:HRTG) reported fourth-quarter results on Monday that came in ahead of analyst expectations, supported by stronger underwriting results and significantly lower catastrophe-related losses.Following the announcement, the insurer’s shares gained 5.62% in pre-market trading.The property and casualty insurance company posted adjusted earnings per share of $2.15 for the quarter, far exceeding the analyst consensus estimate of $0.98 by $1.17.Total revenue reached $215.32 million, topping forecasts of $212.56 million and rising 2.4% compared with $210.26 million in the same quarter a year earlier. Net premiums earned came in at $202.7 million, representing a 1.7% year-over-year increase from $199.3 million.Heritage’s net combined ratio improved markedly to 62.0%, a drop of 27.7 percentage points from 89.7% in the fourth quarter of 2024. The net loss ratio fell to 31.3%, improving by 23.4 percentage points from 54.7% in the prior-year period, largely due to much lower weather-related claims.Weather-related losses totaled $7.7 million during the quarter, compared with $45.6 million in the same period last year. The company also reported no catastrophe losses, versus $40.0 million a year earlier.“Our fourth quarter results benefited from the cumulative effect of the strategic initiatives launched several years ago,” said CEO Ernie Garateix. “Our focus on rate adequacy, disciplined underwriting and high service levels to our agents and policyholders, coupled with favorable weather, resulted in record earnings this quarter and for the full year.”Net income for the quarter rose to $66.7 million, or $2.15 per diluted share, compared with $20.3 million, or $0.66 per diluted share, in the fourth quarter of the previous year.For the full year 2025, the company reported net income of $195.6 million, or $6.32 per share, a sharp increase from $61.5 million, or $2.01 per share, in 2024.Book value per share climbed 72.5% to $16.39, up from $9.50 at the end of 2024. Meanwhile, the board decided to suspend the company’s quarterly dividend in order to prioritize strategic growth initiatives, including plans to expand into the Texas market through excess and surplus lines insurance offerings.Heritage Insurance Holdings stock price

Original: Heritage Insurance shares climb more than 5% after strong Q4 earnings beat

Heritage Reports Fourth Quarter and Full Year 2025 ResultsMarch 9, 2026 6:25 AM
PR Newswire (US)

TAMPA, Fla., March 9, 2026 /PRNewswire/ -- Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Heritage" or the "Company"), a super-regional property and casualty insurance holding company, today reported fourth quarter of 2025 financial results.Fourth Quarter 2025 Result Highlights Heritage reported net income of $66.7 million, an increase of 228.5% from net income of $20.2 million in the prior year quarter; and earnings per share of $2.15 per diluted share, an increase of 225.8% from $0.66 per diluted share from the prior year quarter.Gross premiums earned were $361.7 million, an increase of 0.4% from $360.4 million in the prior year quarter.Net premiums earned totaled $202.7 million, an increase of 1.7% from $199.3 million in the prior year quarter.Net loss ratio was 31.3%, an improvement of 23.4 percentage points from 54.7% in the prior year quarter.Net expense ratio was 30.7%, an improvement of 4.3 percentage points from 35.0% in the prior year quarter.Net combined ratio was 62.0%, an improvement of 27.7 percentage points from 89.7% in the prior year quarter.Return on average equity was 56.6%, up from 28.5% in the prior year quarter.Book value per share increased 72.5% from year end 2024 and was up 124.8% from year-end 2023."Our fourth quarter results benefited from the cumulative effect of the strategic initiatives launched several years ago and which have been continuously refined over the last two years. Our focus on rate adequacy, disciplined underwriting and high service levels to our agents and policyholders, coupled with favorable weather, resulted in record earnings this quarter and for the full year. Looking forward, we are well-positioned to deliver managed growth with rate adequacy in over 90% of our markets where we are open for new business. As a result, we have seen our new business premium production increase 60.4% in the quarter as compared to the fourth quarter of 2024. We believe we have the right agent relationships, reinsurer partnerships, management team, and infrastructure to prudently grow our top line in 2026. We appreciate our valued agents, agencies and reinsurance partners and recognize their influence on our success," remarked Heritage CEO Ernie Garateix.Strategic Profitability InitiativesThe Company has focused on three main strategic initiatives aimed at achieving consistent long-term quarterly earnings and driving shareholder value, which include:Generating underwriting profit through rate adequacy and more selective underwriting.Allocating capital to products and geographies that maximize long-term returns.Targeting a balanced and diversified portfolio.2025 Progress on Strategic InitiativesRe-opened profitable geographies and allocated capital to sustain profits and margin on a measured basis.Persistent underwriting discipline and focus on rate adequacy.Continued data driven analytics.Enhanced customer service and claims capabilities.Leveraged infrastructure and capabilities to foster future growth.Strategic Initiatives for 2026Target geographies open for new business, while closely managing risk and exposure.Continue persistent underwriting discipline and focus on rate adequacy while driving prudent growth of the top line.Enhance data driven analytics using AI and other technology tools.Continue the refinement of customer service and claims capabilities.Leverage infrastructure and capabilities to foster future growth, which includes our plan to enter the State of Texas to offer products on an excess and surplus lines basis.Capital ManagementHeritage's Board of Directors has decided to continue its suspension of the quarterly shareholder dividend to prioritize strategic growth. The Board of Directors will continue to evaluate dividend distributions on a quarterly basis. The Company repurchased 106,135 shares of common stock during 2025 at a cost of $2.3 million under the Company's previously announced share repurchase authorization, which authorizes the repurchase of up to an aggregate of $10.0 million of common stock through December 31, 2025. On November 5, 2025, the Board of Directors established a new share repurchase plan to commence upon the expiration of the 2025 share repurchase plan on December 31, 2025, for the purpose of repurchasing up to an aggregate of $25.0 million of common stock through December 31, 2026.  The Company repurchased 112,858 shares of common stock during the first quarter of 2026 at a cost of $3.0 million under the new share repurchase plan.Results of OperationsThe following table summarizes results of operations for the three-months and years ended December 31, 2025 and 2024 (amounts in thousands, except percentages and per share amounts):

Three Months Ended December 31,


Year Ended December 31,



2025

2024

Change


2025


2024

Change























Total revenue$
215,317
$
210,264


2.4
%$
847,330

$
816,985


3.71
%Net income$
66,675
$
20,294


228.5
%$
195,594

$
61,539


217.8
%





















Earnings Per Diluted Share$
2.15
$
0.66


225.8
%$
6.32

$
2.01


214.4
%





















Book value per share$
16.39
$
9.50


72.5
%$
16.39

$
9.50


72.5
%





















Return on equity*

56.6
%
28.5
%
28.1
pts

49.1
%

24.1
%
25.0
pts





















Underwriting summary




















Gross premiums written$
336,221
$
338,742


(0.7)
%$
1,436,346

$
1,432,942


0.2
%Gross premiums earned$
361,720
$
360,448


0.4
%$
1,431,103

$
1,406,106


1.8
%Ceded premiums$
(159,045)
$
(161,170)


(1.3)
%$
(636,946)

$
(638,246)


(0.2)
%Net premiums earned$
202,676
$
199,278


1.7
%$
794,157

$
767,860


3.4
%





















Ceded premium ratio

44.0
%
44.7
%
(0.7)
pts

44.5
%

45.4
%
(0.9)
pts





















Ratios to Net Premiums Earned:




















Loss ratio

31.3
%
54.7
%
(23.4)
pts

39.4
%

58.2
%
(18.8)
ptsExpense ratio

30.7
%
35.0
%
(4.3)
pts

33.6
%

36.0
%
(2.4)
ptsCombined ratio

62.0
%
89.7
%
(27.7)
pts

73.1
%

94.2
%
(21.1)
pts
* Return on equity represents annualized net income for the period divided by average stockholders' equity during the period. Note: Percentages and sums in the table may not recalculate precisely due to rounding.Ratios Ceded premium ratio represents ceded premiums as a percentage of gross premiums earned.Net loss ratio represents net losses and loss adjustment expenses ("LAE") as a percentage of net premiums earned.Net expense ratio represents policy acquisition costs ("PAC") and general and administrative ("G&A") expenses as a percentage of net premiums earned. Ceding commission income is reported as a reduction of PAC and G&A expenses.Net combined ratio represents the sum of net losses and LAE, PAC, and G&A expenses as a percentage of net premiums earned. The net combined ratio is a key measure of underwriting performance traditionally used in the property and casualty industry. A combined ratio under 100% generally reflects profitable underwriting results.Fourth Quarter 2025 Results: Fourth quarter 2025 net income was $66.7 million or $2.15 per diluted share, compared to net income of $20.3 million or $0.66 per diluted share in the prior year quarter. The increase was primarily driven by higher net premiums earned and investment income, accompanied by a significant reduction in losses and loss adjustment expenses and a reduction in policy acquisition costs. Additionally, a lower effective tax rate caused the provision for income taxes in the current year quarter to be proportionately lower compared to the prior year quarter. A strong increase from the full year 2024's net income of $61.5 million, or $2.01 per share. Of note, our full year results included $31.8 million of net pretax losses and loss adjustment expenses related to the California wildfires in the first quarter of 2025.Premiums-in-force were $1.43 billion as of the fourth quarter 2025, relatively flat compared to the fourth quarter 2024.Gross premiums written of $336.2 million were down 0.7% from $338.7 million in the prior year quarter, driven by a moderate reduction in our commercial residential business from by competitive market conditions, which was partly offset by rate driven growth in our personal lines business.Gross premiums earned were $361.7 million, up 0.4% from $360.4 million in the prior year quarter, reflecting higher gross premiums written over the last twelve months.Net premiums earned were $202.7 million, up 1.7% from $199.3 million in the prior year quarter, driven primarily by a reduction in ceded premiums from the prior year quarter.Net loss ratio was 31.3%, a 23.4 point improvement from 54.7% in the same quarter last year reflecting significantly lower net losses and LAE coupled with higher net premiums earned. Net weather losses for the current accident quarter were $7.7 million, a decrease of $37.9 million from $45.6 million in the prior year quarter. There were no catastrophe losses in the current year quarter compared to $40.0 million in the prior year quarter. Other weather losses totaled $7.7 million, slightly up from the prior year quarter amount of $5.6 million. Attritional losses declined from the prior year quarter.  Adverse loss development was $1.6 million compared to adverse development in the prior year quarter of $3.8 million.The net expense ratio was 30.7%, a 4.3 point improvement from the prior year quarter amount of 35.0%, driven primarily by a reduction in policy acquisition costs from higher ceding commission income as well as relatively flat general and administrative expenses, coupled with an increase in net premiums earned.Net combined ratio of 62.0% improved 27.7 points from 89.7% in the prior year quarter, driven by a lower net loss ratio and lower net expense ratio as described above.Net investment income was $9.8 million up $1.3 million, or 15.9%, from $8.5 million in the prior year quarter reflecting larger investment balances coupled with actions to align the investments with the yield curve, while maintaining a high-quality portfolio of short duration.The effective tax rate was 24.2% compared to 29.9% in the prior year quarter. The effective tax rate for the current year quarter was slightly lower than the statutory rate, driven primarily by higher pre-tax income which diluted the impacts of permanent tax differences. The effective tax rate for the prior year quarter was higher than the statutory rate, driven largely by the impact of the true up during the fourth quarter of 2024 from the previous three quarterly estimates. The impact of permanent tax differences on projected results of operations for the calendar year affects the effective tax rate, which can also fluctuate throughout the year as estimates used in the quarterly tax provision are updated with additional information.Supplemental Information:

At December 31,Policies in force:
2025

2024

% Change

Florida

123,437


133,775


(7.7)
%Other States

233,838


255,700


(8.5)
%Total

357,275


389,475


(8.3)
%










Premiums in force:
(In thousands)




Florida$
679,079
$
707,197


(4.0)
%Other States

752,738


726,048


3.7
%Total$
1,431,817
$
1,433,245


(0.1)
%










Total Insured Value:
(In thousands)




Florida$
105,997,817
$
102,661,095


3.3
%Other States

257,533,142


264,950,914


(2.8)
%Total$
363,530,959
$
367,612,009


(1.1)
%Book Value Analysis:
As Of
Book Value Per ShareDecember 31, 2025

December 31, 2024

December 31, 2023
Numerator:







Common stockholders' equity$505,251

$290,799

$220,280
Denominator:







Total Shares Outstanding
30,833,776


30,607,039


30,218,938
Book Value Per Common Share$16.39

$9.50

$7.29
Book value per share of $16.39 at December 31, 2025, was up 72.5% from the fourth quarter 2024 and up 124.8% from the fourth quarter 2023. The increase from December 31, 2024 is primarily attributable to net income as well as a $23.7 million reduction in unrealized losses on the Company's fixed income securities portfolio. The unrealized losses are unrelated to credit risk but are instead attributable to rising interest rates, with the reduction in unrealized losses driven by lower interest rates during 2025. Heritage does not anticipate a need to sell investments in advance of their maturity. As such, the Company expects unrealized losses to continue to roll off the portfolio as investments mature. The average duration of the fixed income portfolio is 3.2 years as the Company has extended duration to take advantage of higher yields further out on the yield curve, while still maintaining a short duration, high credit quality portfolio.Conference Call Details:
Monday, March 9, 2026– 9:00 a.m. ET
North American Dial-in Numbers Toll Free: 1-888-346-3095
International Dial In: 1-412-902-4258Webcast:  To listen to the live webcast, please go to http://investors.heritagepci.com. This webcast will be archived and accessible on the Company's website.HERITAGE INSURANCE HOLDINGS, INC.
Consolidated  Balance Sheets
(Amounts In thousands, except share amounts)













December 31, 2025

December 31, 2024
ASSETS




Fixed maturities, available-for-sale, at fair value$713,237

$655,555
Equity securities, at fair value
1,064


1,936
Other investments, net
1,285


5,952
Total investments
715,586


663,443
Cash and cash equivalents
559,274


452,666
Restricted cash
13,307


10,979
Accrued investment income
6,556


5,592
Premiums receivable, net
95,331


102,134
Reinsurance recoverable on paid and unpaid claims, net
318,588


740,204
Prepaid reinsurance premiums
307,039


309,802
Deferred income tax asset, net
5,855


13,876
Deferred policy acquisition costs, net
64,544


63,204
Property and equipment, net
28,254


38,080
Right-of-use lease asset, finance
12,598


15,082
Right-of-use lease asset, operating
4,878


5,850
Intangibles, net
30,189


36,372
Other assets
33,823


11,640
Total Assets$2,195,822

$2,468,924
LIABILITIES AND STOCKHOLDERS' EQUITY




Unpaid losses and loss adjustment expenses$579,477

$1,042,687
Unearned premiums
707,923


702,707
Reinsurance payable
232,801


227,060
Long-term debt, net
78,428


116,319
Advance premiums
19,164


15,186
Income tax payable, net
4,282


846
Accrued compensation
8,844


8,926
Lease liability, finance
15,587


18,071
Lease liability, operating
5,800


6,945
Accounts payable and other liabilities
38,265


39,378
Total Liabilities$1,690,571

$2,178,125
Stockholders' Equity:




Common stock, $0.0001 par value
3


3
Additional paid-in capital
365,736


362,644
Accumulated other comprehensive loss, net of taxes
(10,555)


(28,604)
Treasury stock, at cost
(133,183)


(130,900)
Retained earnings
283,250


87,656
Total Stockholders' Equity
505,251


290,799
Total Liabilities and Stockholders' Equity$2,195,822

$2,468,924
 HERITAGE INSURANCE HOLDINGS, INC. AND SUBSIDIARIES
Consolidated Statements of Income and Other Comprehensive Income
(Amounts in thousands, except per share and share amounts)

























Three Months Ended December 31,

Year Ended December 31,

2025

2024

2025

2024
REVENUE:










Gross premiums written$336,221

$338,742

$1,436,346

$1,432,942
Change in gross unearned premiums
25,499


21,706


(5,243)


(26,836)
Gross premiums earned
361,720


360,448


1,431,103


1,406,106
Ceded premiums
(159,045)


(161,170)


(636,946)


(638,246)
Net premiums earned
202,676


199,278


794,157


767,860
Net investment income
9,861


8,510


37,156


36,631
Net realized gains on debt securities and other investments
(33)


(722)


2,713


(705)
Other revenue
2,814


3,198


13,304


13,199
Total revenue
215,317


210,264


847,330


816,985
EXPENSES:










Losses and loss adjustment expenses
63,453


109,065


313,246


447,048
Policy acquisition costs
39,818


48,528


173,961


191,189
General and administrative expenses
22,367


21,153


92,972


85,138
Total expenses
125,639


178,746


580,179


723,375
Operating income$89,678

$31,518

$267,151

$93,610
Interest expense, net
1,730


2,569


7,887


10,934
Income before taxes$87,948

$28,949

$259,264

$82,676
Income tax expense
21,273


8,655


63,670


21,136
Net income$66,675

$20,294

$195,594

$61,539
OTHER COMPREHENSIVE INCOME:










Change in net unrealized gains (losses) on investments
3,031


(11,582)


23,588


8,771
Reclassification adjustment for net realized investment losses (gains)
112


(34)


107


(51)
Income tax expense related to items of other comprehensive income
(760)


2,742


(5,646)


(2,074)
Total comprehensive income$69,058

$11,420

$213,643

$68,185
Weighted average shares outstanding










Basic
30,897,929


30,670,779


30,890,609


30,595,348
Diluted
30,957,245


30,730,042


30,949,899


30,654,611












Earnings per share










Basic$2.16

$0.66

$6.33

$2.01
Diluted$2.15

$0.66

$6.32

$2.01

About Heritage Heritage Insurance Holdings, Inc. is a super-regional property and casualty insurance holding company. Through its insurance subsidiaries and a large network of experienced agents, the Company writes approximately $1.4 billion of gross personal and commercial residential premium across its multi-state footprint covering the northeast, southeast, Hawaii and California excess and surplus lines.Forward-Looking StatementsStatements in this press release and on our earnings conference call that are not historical facts are forward-looking statements that are subject to certain risks and uncertainties that could cause actual events and results to differ materially from those discussed herein. Without limiting the generality of the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "intend," "could," "would," "estimate," "or "continue" or the other negative variations thereof or comparable terminology are intended to identify forward-looking statements. This release and our earnings conference call include forward-looking statements, including statements relating to our strategic initiatives for 2026 and our ability to profitably grow our business and deliver value to our shareholders; our positioning to deliver managed growth with rate adequacy in our markets and our intent not to write policies that we believe are underpriced or do not meet our underwriting standards; our belief regarding having the right team and infrastructure in place to prudently grow our top line in 2026; our capital allocation strategy, including our Board's evaluation of dividend distributions and share repurchases and our evaluation of the intrinsic value of our common stock; our new geography and product diversification and expansion strategy, including our plan to enter the Texas market on an E&S lines basis, and our plans relating to employee and agency and distribution relationships in any new market; our focus on underwriting discipline, exposure management and rate adequacy in existing and new geographies, leveraging our scale, continued enhancement of data and AI-driven analytics and our other strategic priorities for 2026; our plans for growth and expansion in certain geographies; our expectations regarding reinsurance capacity and pricing, including the impact of certain tort reform legislation and lack of catastrophe losses, and the resulting effect on costs to insurance consumers; and our expectations regarding profit and growth in 2026 and beyond and the drivers of such profit and growth. The risks and uncertainties that could cause our actual results to differ from those expressed or implied herein include, without limitation: the success of the Company's underwriting and profitability initiatives; inflation and other changes in economic conditions (including changes in interest rates and financial and real estate markets), including changes that may impact demand for our products and our operations; lack of effectiveness of exclusions and loss limitation methods in the insurance policies we assume or write; inherent uncertainty of our models and our reliance on such models as a tool to evaluate risk; the impact of macroeconomic and geopolitical conditions, including the impact of interest rates, supply chain constraints, inflationary pressures, tariffs, labor availability and geopolitical conflicts; the impact of new federal and state regulations that affect the property and casualty insurance market and our failure to meet increased regulatory requirements, including minimum capital and surplus requirements; continued and increased impact of abusive and unwarranted claims; the cost of reinsurance, the collectability of reinsurance and our ability to obtain reinsurance coverage on terms and at a cost acceptable to us; assessments charged by various governmental agencies; pricing competition and other initiatives by competitors; our ability to obtain regulatory approval for requested rate changes, and the timing thereof; legislative and regulatory developments; the outcome of litigation pending against us, including the terms of any settlements; risks related to the nature of our business; dependence on investment income and the composition of our investment portfolio; the adequacy of our liability for losses and loss adjustment expense; our ability to build and maintain relationships with insurance agents; claims experience; ratings by industry services; catastrophe losses; reliance on key personnel; weather conditions (including the severity and frequency of storms, hurricanes, tornadoes, wildfires and hail); changes in loss trends; acts of war and terrorist activities; court decisions and trends in litigation; and other matters described from time to time by us in our filings with the Securities and Exchange Commission, including, but not limited to, the Company's Annual Report on Form 10-K for the year ended December 31, 2024 filed with the Securities and Exchange Commission on March 13, 2025, and subsequent filings. The Company undertakes no obligations to update, change or revise any forward-looking statement, whether as a result of new information, additional or subsequent developments or otherwise.Investor Contact:
Kirk Lusk
Chief Financial Officer
investors@heritagecompanies.com



View original content:https://www.prnewswire.com/news-releases/heritage-reports-fourth-quarter-and-full-year-2025-results-302707657.htmlSOURCE Heritage Insurance Holdings, Inc.

Original: Heritage Reports Fourth Quarter and Full Year 2025 Results

Heritage Provides Update on Fourth Quarter 2025 Financial Results and Announces Earnings Release DateFebruary 23, 2026 4:15 PM
PR Newswire (US)

TAMPA, Fla., Feb. 23, 2026 /PRNewswire/ -- Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Heritage" or the "Company"), a super-regional property and casualty insurance holding company, today provided an update on the Company's preliminary fourth quarter 2025 financial results and announced its earnings release dates.Fourth Quarter 2025 Update
The Company expects to deliver fourth quarter 2025 after-tax net income in excess of $60 million, or more than $2.00 per share, and a full year return on equity of more than 45%.  These preliminary results are driven by higher year-over-year total revenue while both losses and expenses are lower than the prior year quarter.Fourth Quarter and Full Year 2025 Earnings Date
Heritage will announce its fourth quarter and full year 2025 financial results before the market opens on Monday March 9, 2026 with a conference call to follow at 9:00 am ET on the same day.  Conference Call Details:
North American Dial-in: 1-888-346-3095
International Dial-in: 1-412-902-4258
Telephone participants should ask to be joined into the Heritage Insurance Holdings Fourth Quarter and Full Year 2025 Earnings Call.Webcast:
A live audio webcast of the earnings call will be available in the investors section of the company's website. The call will be archived and available for replay.Financial information, including material announcements about Heritage, is routinely posted on investors.heritagepci.com.About Heritage Heritage Insurance Holdings, Inc. is a super-regional property and casualty insurance holding company. Through its insurance subsidiaries and a large network of experienced agents, the Company writes approximately $1.4 billion of gross personal and commercial residential premium across its multi-state footprint covering the northeast, southeast, Hawaii and California excess and surplus lines. As a catastrophe focused property insurer, our personnel have devoted efforts to policyholders impacted by wildfires, hurricanes, winter storms, and severe convective storms.Forward-Looking StatementsStatements in this press release that are not historical facts are forward-looking statements that are subject to certain risks and uncertainties that could cause actual events and results to differ materially from those discussed herein. Without limiting the generality of the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "intend," "could," "would," "estimate," "or "continue" or the other negative variations thereof or comparable terminology are intended to identify forward-looking statements. This release includes forward-looking statements including statements relating to certain preliminary fourth quarter 2025 financial estimates. The risks and uncertainties that could cause our actual results to differ from those expressed or implied herein include, without limitation, the risk that additional information from the Company or the Company's independent registered accounting firm results in changes to the preliminary estimated financial results presented in this press release, and other risks described from time to time by us in our filings with the Securities and Exchange Commission, including, but not limited to, the Company's Annual Report on Form 10-K for the year ended December 31, 2024 filed with the Securities and Exchange Commission on March 13, 2025, and subsequent filings. The Company undertakes no obligations to update, change or revise any forward-looking statement, whether as a result of new information, additional or subsequent developments or otherwise except as required by law.The preliminary, unaudited financial estimates contained in this press release are based on information available to management as of the date of this press release, remain subject to the completion of normal year-end accounting procedures and adjustments, and are subject to change. Our independent registered public accounting firm has not completed its review of our results for the quarter or year ended December 31, 2025. During the course of the preparation of our consolidated financial statements and related notes, and completion of our financial close and procedures for the year ended, adjustments to the preliminary estimates may be identified, and such adjustments may be material. In addition, other developments may arise between now and the time the financial statements for the year ended December 31, 2025 are finalized. We undertake no obligation to update the information in this press release in the event facts or circumstances change after the date of this press release.Investor Contact:  Kirk Lusk
Chief Financial Officer
investors@heritagepci.com



View original content:https://www.prnewswire.com/news-releases/heritage-provides-update-on-fourth-quarter-2025-financial-results-and-announces-earnings-release-date-302694916.htmlSOURCE Heritage Insurance Holdings, Inc.

Original: Heritage Provides Update on Fourth Quarter 2025 Financial Results and Announces Earnings Release Date

A detailed story by "60 Minutes" uncovered and exposed the fraud at Heritage Insurance. This is going to result in hundreds of millions of dollars in lawsuits against HRTG. Beware!

This was a technical setup to run after a pullback. But started angering after 9/16 for no apparent reason. Fkg manipulation.

And now added a ship load in the 5.50s!

I am tickled pink to have added shares below $7. Unreal. Book value holding firm and big rate increases to be felt soon.

This has become a big position for me. I absolutely love it at this multi-decade low price. Well run, financially solid, Book value over $15. Buy now, hold for a couple years. Easy.

News: $HRTG Heritage Sets First Quarter 2019 Earnings Release and Call Dates

CLEARWATER, Fla. , April 19, 2019 /PRNewswire/ -- Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Heritage" or the "Company"), a property and casualty insurance holding company, will announce first quarter 2019 financial results after the market closes on Monday, May 6, 2019 , followed ...

Got this from https://marketwirenews.com/news-releases/heritage-sets-first-quarter-2019-earnings-release-and-call-dates-8028500.html

News: $HRTG Heritage Announces Preliminary First Quarter 2019 Catastrophe Losses

CLEARWATER, Fla. , April 19, 2019 /PRNewswire/ -- Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Heritage" or the "Company"), a property and casualty insurance holding company, announced today that it expects approximately $10.2 million of net losses from a severe March 2019 hailsto...

Find out more https://marketwirenews.com/news-releases/heritage-announces-preliminary-first-quarter-2019-catastrophe-losses-8028022.html

THE HURRICANE will hit the pocket book of the insurers as in HRTG.. LOWER WE GO

I sense a buy opp coming soon.

oh oh... matthew coming up the states where hrtg has homeowner policies.

they say very little, not even needing reinsurance. BTW HRTG has incredibly high growth rate. Have you looked at 3 year sales on it?

wonder how hard the hurricane will hurt earnings???

Explosion in HRTG stock today. Its a screaming value and growth stock.

When Does Earnings Comes out ?

i'm not a doctor and i don't play one on tv, but i can give you something to make you feel better. wink wink