Heritage Insurance reported strong Q4 2025 profitability as net income more than tripled year-over-year due to significantly lower loss ratios and improved underwriting efficiency, while revenue grew modestly.

Heritage Insurance delivered a strong Q3 2025 as net income rose sharply year-over-year due to significantly lower loss ratios and improved underwriting profitability, while revenue remained relatively stable.

Heritage Insurance delivered strong profitability in Q2 2025 as net income more than doubled year-over-year driven by a sharp improvement in underwriting metrics, particularly the loss and combined ratios, while revenue grew modestly.

Heritage Insurance Holdings, Inc. reported a net income of $30.5 million for the first quarter of 2025, a substantial increase from $14.2 million in the prior year quarter. This improvement was primarily driven by an 11.5% increase in net premiums earned and better underwriting performance, as reflected in a 9.5 point improvement in the net combined ratio to 84.5%.

Heritage Insurance saw an increase in gross premiums written and earned in Q4 2024, driven by growth in commercial residential and surplus lines business. However, net income declined due to significant catastrophe losses from Hurricane Milton. The company continued its strategic exposure management, reducing policies in force while increasing premiums. Loss and expense ratios rose, leading to a higher combined ratio.

Heritage Insurance Holdings reported a strong second quarter with net income increasing to $18.9 million, driven by growth in net premiums earned and higher net investment income. The company's strategic initiatives, including rate adequacy and selective underwriting, contributed to improved financial results. They are now positioned to selectively resume writing new business in Florida and the Northeast.

Heritage Insurance Holdings reported a slight increase in net income for Q1 2024, driven by growth in net premiums earned and net investment income, which was partially offset by higher operating expenses. The company's strategic initiatives, including rate adequacy and selective underwriting, contributed to a combined ratio of 94.0%.

Heritage Insurance Holdings, Inc. reported a net income of $30.9 million, or $1.15 per diluted share, for the fourth quarter of 2023, compared to a net income of $12.5 million, or $0.48 per diluted share, in the prior year quarter. The improvement was primarily driven by an increase in net premiums earned, higher net investment income, and lower net losses incurred. Gross premiums earned increased by 7.0% year-over-year, and the net combined ratio improved by 11.2 points to 84.9%.

Heritage Insurance Holdings reported a net loss of $7.4 million for Q3 2023, an improvement compared to the $48.2 million loss in the same quarter of the previous year. This improvement was primarily driven by an increase in net premiums earned, higher net investment income, and lower net losses incurred. The company's strategic initiatives, including rate increases and exposure management, are showing positive results despite catastrophic weather events.

Heritage Insurance Holdings, Inc. reported a profitable second quarter in 2023, with net income of $7.8 million, or $0.30 per diluted share, a significant turnaround from the net loss of $87.9 million in the prior year quarter. The improvement was primarily due to growth in net premiums earned and higher investment income, leading to an improved net combined ratio.

Heritage Insurance Holdings reported a net income of $14.0 million for Q1 2023, a significant improvement from the net loss of $30.8 million in Q1 2022. This turnaround was primarily driven by higher net earned premium and significantly lower weather losses. Premiums-in-force increased by 10.9% year-over-year, while the net combined ratio improved by 35.0 points.

Heritage Insurance Holdings reported a net income of $12.5 million for Q4 2022, a significant improvement compared to the net loss of $49.2 million in the prior year quarter. The company's strategic focus on profitability initiatives, including rate adequacy and selective underwriting, contributed to the positive results. Premiums-in-force increased by 9.6% year-over-year, driven by rate increases, while policies in-force decreased by 7.2%.

Heritage Insurance Holdings, Inc. reported a net loss of $48.2 million for the third quarter of 2022, driven by weather-related losses and a valuation allowance. Gross premiums written increased, but net earned premiums decreased. The company is focused on managing exposure and achieving rate adequacy.

Heritage Insurance Holdings reported a net loss of $87.9 million for Q2 2022, primarily due to a $90.8 million non-cash goodwill impairment charge. However, adjusted net income improved to $2.9 million, driven by an improved net combined ratio of 99.4%. The company's exposure management efforts resulted in a reduction of policies in Florida and increased diversification outside of Florida.

Heritage Insurance Holdings reported a net loss of $30.8 million for Q1 2022, compared to a net loss of $5.1 million in the prior year quarter. This increase was primarily due to higher weather-related losses, although total revenue increased by $11.4 million year-over-year. The company is focusing on geographic diversification and more restrictive underwriting to improve its portfolio.

Heritage Insurance Holdings reported a net loss of $49.2 million for Q4 2021, compared to a net income of $2.8 million in the prior year quarter. However, non-GAAP adjusted net income was $11.3 million, up from $2.8 million in the prior year quarter, driven by stronger underwriting profitability. The combined ratio improved to 93.2%, the lowest in two years.

Heritage Insurance Holdings, Inc. reported a net loss of $16.4 million for the third quarter of 2021, compared to a net loss of $5.2 million in the prior year quarter. Gross premiums written were $274.2 million, a decrease of 1.5% year-over-year. The company saw an increase in net current accident quarter weather losses, but also noted favorable prior year reserve development and a decrease in the net combined ratio.

Heritage Insurance Holdings, Inc. reported a net loss of $4.0 million for the second quarter of 2021, compared to a net income of $4.1 million in the prior year quarter. The decrease was primarily due to higher weather losses, a $9.4 million reinstatement premium, and lower investment income, which was partially offset by higher net premiums earned and a lower net expense ratio. Gross premiums written increased by 16.3% year-over-year.

Heritage Insurance Holdings, Inc. reported a net loss of $5.1 million for Q1 2021, compared to a net income of $7.6 million in the prior year quarter. The decrease was primarily due to elevated weather losses, which were partially offset by higher net premiums earned. Gross premiums written increased by 19.7% year-over-year.

Heritage Insurance Holdings, Inc. reported a net income of $2.8 million for the fourth quarter of 2020. The company experienced growth in gross premiums written, but results were impacted by significant weather losses.

Heritage Insurance Holdings reported a net loss of $5.2 million for Q3 2020, primarily due to significant weather-related losses. Gross premiums written increased by 17.3% year-over-year, and book value per share rose by 3.9%. The company is focusing on bottom-line profitability through rate increases.

Heritage Insurance Holdings reported a net income of $4.1 million, or $0.15 per diluted share, for the second quarter of 2020. Gross premiums written increased by 14.0% year-over-year. The company also saw an improvement in its net combined ratio, which decreased by 5.0 points to 100.0%.

Heritage Insurance Holdings, Inc. reported a net income of $7.6 million, or $0.27 per diluted share, for the first quarter of 2020. Gross premiums written increased by 8.9% year-over-year to $229.1 million. The company repurchased 766,900 shares for $8.0 million and saw minimal impact from COVID-19 during the quarter.

Heritage Insurance Holdings reported a net income of $12.8 million for Q4 2019, an increase from $3.9 million in the prior year quarter. Gross premiums written also rose to $235.4 million, reflecting growth in both Florida and other states.