Heritage Reports Second Quarter 2025 Results
Heritage Insurance Holdings (NYSE:HRTG) reported strong Q2 2025 financial results, with net income of $48.0 million ($1.55 per diluted share), up 154.5% from $18.9 million in Q2 2024. The company achieved a net combined ratio of 72.9%, improving 19.6 points year-over-year.
Key metrics include gross premiums earned of $353.6 million (up 1.0%), net premiums earned of $196.3 million (up 3.2%), and a significantly improved net loss ratio of 38.5% (down 17.2 points). Book value per share increased to $12.36, up 48.6% year-over-year.
The company's Board continues to suspend quarterly dividends to prioritize strategic growth. Heritage has reopened nearly all capacity for new business while maintaining strict underwriting standards and implementing rate adjustments across markets.
[ "Net income increased 154.5% to $48.0 million in Q2 2025", "Net combined ratio improved significantly to 72.9%, down 19.6 points", "Book value per share grew 48.6% year-over-year to $12.36", "Net loss ratio improved by 17.2 points to 38.5%", "New business premium grew 46.3% compared to Q2 2024" ]Heritage Insurance Holdings (NYSE:HRTG) ha riportato risultati finanziari solidi nel secondo trimestre 2025, con un utile netto di 48,0 milioni di dollari (1,55 dollari per azione diluita), in aumento del 154,5% rispetto ai 18,9 milioni di dollari del secondo trimestre 2024. La società ha raggiunto un indice combinato netto del 72,9%, migliorando di 19,6 punti su base annua.
I principali indicatori includono premi lordi guadagnati per 353,6 milioni di dollari (in crescita dell'1,0%), premi netti guadagnati per 196,3 milioni di dollari (in aumento del 3,2%) e un indice di perdita netto notevolmente migliorato al 38,5% (in calo di 17,2 punti). Il valore contabile per azione è salito a 12,36 dollari, con un incremento del 48,6% su base annua.
Il Consiglio di Amministrazione continua a sospendere i dividendi trimestrali per dare priorità alla crescita strategica. Heritage ha riaperto quasi tutta la capacità per nuovi affari mantenendo rigorosi standard di sottoscrizione e applicando adeguamenti tariffari nei vari mercati.
- Utile netto aumentato del 154,5% a 48,0 milioni di dollari nel Q2 2025
- Indice combinato netto migliorato significativamente al 72,9%, in calo di 19,6 punti
- Valore contabile per azione cresciuto del 48,6% su base annua a 12,36 dollari
- Indice di perdita netto migliorato di 17,2 punti al 38,5%
- I premi di nuovi affari sono cresciuti del 46,3% rispetto al Q2 2024
Heritage Insurance Holdings (NYSE:HRTG) reportó sólidos resultados financieros en el segundo trimestre de 2025, con un ingreso neto de 48,0 millones de dólares (1,55 dólares por acción diluida), un aumento del 154,5% respecto a los 18,9 millones del segundo trimestre de 2024. La compañía logró un índice combinado neto del 72,9%, mejorando 19,6 puntos año tras año.
Las métricas clave incluyen primas brutas devengadas de 353,6 millones de dólares (un 1,0% más), primas netas devengadas de 196,3 millones de dólares (un 3,2% más) y un índice de pérdida neta significativamente mejorado del 38,5% (una reducción de 17,2 puntos). El valor en libros por acción aumentó a 12,36 dólares, un 48,6% más que el año anterior.
La Junta Directiva de la compañía continúa suspendiendo los dividendos trimestrales para priorizar el crecimiento estratégico. Heritage ha reabierto casi toda la capacidad para nuevos negocios, manteniendo estrictos estándares de suscripción e implementando ajustes de tarifas en los mercados.
- Ingreso neto aumentó un 154,5% a 48,0 millones de dólares en el Q2 2025
- Índice combinado neto mejoró significativamente a 72,9%, bajando 19,6 puntos
- Valor en libros por acción creció un 48,6% interanual a 12,36 dólares
- Índice de pérdida neta mejoró 17,2 puntos a 38,5%
- Las primas de nuevos negocios crecieron un 46,3% en comparación con el Q2 2024
Heritage Insurance Holdings (NYSE:HRTG)는 2025년 2분기에 순이익 4,800만 달러(희석 주당 1.55달러)를 기록하며 전년 동기 대비 154.5% 증가한 강력한 재무 실적을 발표했습니다. 회사는 순복합비율 72.9%를 달성하여 전년 대비 19.6포인트 개선했습니다.
주요 지표로는 총 보험료 수입 3억5,360만 달러(1.0% 증가), 순보험료 수입 1억9,630만 달러(3.2% 증가), 그리고 크게 개선된 순손실비율 38.5%(17.2포인트 하락)가 포함됩니다. 주당 장부가치는 12.36달러로 전년 대비 48.6% 상승했습니다.
회사는 전략적 성장을 우선시하기 위해 분기별 배당금을 계속 중단하고 있습니다. Heritage는 엄격한 인수 기준을 유지하면서 거의 모든 신규 사업 수용 능력을 재개하고 시장 전반에 걸쳐 요율 조정을 시행했습니다.
- 2025년 2분기 순이익 154.5% 증가하여 4,800만 달러 기록
- 순복합비율 크게 개선되어 72.9%, 19.6포인트 하락
- 주당 장부가치 전년 대비 48.6% 증가하여 12.36달러
- 순손실비율 17.2포인트 개선되어 38.5%
- 신규 사업 보험료 2024년 2분기 대비 46.3% 증가
Heritage Insurance Holdings (NYSE:HRTG) a publié de solides résultats financiers pour le deuxième trimestre 2025, avec un bénéfice net de 48,0 millions de dollars (1,55 dollar par action diluée), en hausse de 154,5 % par rapport aux 18,9 millions de dollars du deuxième trimestre 2024. La société a atteint un ratio combiné net de 72,9 %, en amélioration de 19,6 points d'une année sur l'autre.
Les indicateurs clés comprennent des primes brutes acquises de 353,6 millions de dollars (en hausse de 1,0 %), des primes nettes acquises de 196,3 millions de dollars (en hausse de 3,2 %) et un ratio de pertes nettes nettement amélioré de 38,5 % (en baisse de 17,2 points). La valeur comptable par action a augmenté pour atteindre 12,36 dollars, soit une hausse de 48,6 % sur un an.
Le conseil d'administration continue de suspendre les dividendes trimestriels afin de privilégier la croissance stratégique. Heritage a rouvert presque toute sa capacité pour les nouvelles affaires tout en maintenant des normes strictes de souscription et en appliquant des ajustements tarifaires sur les marchés.
- Le bénéfice net a augmenté de 154,5 % pour atteindre 48,0 millions de dollars au T2 2025
- Le ratio combiné net s'est nettement amélioré à 72,9 %, en baisse de 19,6 points
- La valeur comptable par action a augmenté de 48,6 % sur un an pour atteindre 12,36 dollars
- Le ratio de pertes nettes s'est amélioré de 17,2 points à 38,5 %
- Les primes des nouvelles affaires ont augmenté de 46,3 % par rapport au T2 2024
Heritage Insurance Holdings (NYSE:HRTG) meldete starke Finanzergebnisse für das zweite Quartal 2025 mit einem Nettoeinkommen von 48,0 Millionen US-Dollar (1,55 US-Dollar je verwässerter Aktie), was einem Anstieg von 154,5 % gegenüber 18,9 Millionen US-Dollar im zweiten Quartal 2024 entspricht. Das Unternehmen erreichte eine Netto-Kombinationsquote von 72,9 %, eine Verbesserung um 19,6 Punkte im Jahresvergleich.
Wichtige Kennzahlen umfassen Bruttobeiträge in Höhe von 353,6 Millionen US-Dollar (plus 1,0 %), Nettoverdiente Beiträge von 196,3 Millionen US-Dollar (plus 3,2 %) und eine deutlich verbesserte Netto-Schadenquote von 38,5 % (minus 17,2 Punkte). Der Buchwert je Aktie stieg auf 12,36 US-Dollar, ein Plus von 48,6 % im Jahresvergleich.
Der Vorstand des Unternehmens setzt die Aussetzung der vierteljährlichen Dividenden fort, um das strategische Wachstum zu priorisieren. Heritage hat nahezu die gesamte Kapazität für Neugeschäft wieder geöffnet, wobei strenge Underwriting-Standards beibehalten und Tarifänderungen in den Märkten umgesetzt wurden.
- Nettoeinkommen im Q2 2025 um 154,5 % auf 48,0 Millionen US-Dollar gestiegen
- Netto-Kombinationsquote deutlich auf 72,9 % verbessert, um 19,6 Punkte gesunken
- Buchwert je Aktie im Jahresvergleich um 48,6 % auf 12,36 US-Dollar gestiegen
- Netto-Schadenquote um 17,2 Punkte auf 38,5 % verbessert
- Neugeschäftsbeiträge im Vergleich zum Q2 2024 um 46,3 % gestiegen
- None.
- Gross premiums written decreased 3.2% to $411.0 million
- Total policies-in-force declined 11.9% year-over-year
- Continued suspension of quarterly shareholder dividend
- Investment income decreased by $0.8 million due to lower interest rates
- Commercial residential business premiums decreased 8.2%
Insights
Heritage posted exceptional Q2 results with 154% profit growth, dramatically improved combined ratio of 72.9%, and strong book value growth of 48.6% YoY.
Heritage Insurance's Q2 2025 results demonstrate remarkable financial improvement across virtually all key metrics. Net income surged 154.5% to
The most telling indicator of underwriting profitability is their combined ratio, which improved dramatically to
Weather-related losses decreased by
Book value per share grew impressively to
Heritage continues to maintain financial discipline with a conservative investment portfolio (3.04 year duration) and strong liquidity with
Second Quarter 2025 Result Highlights
- Net income of
$48.0 million $1.55 $18.9 million $0.61 - Gross premiums earned of
$353.6 million 1.0% from$350.1 million - Net premiums earned of
$196.3 million 3.2% from$190.3 million - Net loss ratio of
38.5% , an improvement of 17.2 points from55.7% in the prior year quarter. - Net expense ratio of
34.4% , an improvement of 2.4 points from36.8% in the prior year quarter. - Net combined ratio of
72.9% , an improvement of 19.6 points from92.5% in the prior year quarter. - Return on average equity of
53.9% up from30.8% in the prior year quarter.
"Our second quarter results have further demonstrated the successful execution of our strategic initiatives and the corresponding increase in the Company's earnings trajectory which started at the end of 2023. Over the last several years we have focused on disciplined underwriting, driving rate adequacy, and refining customer service. Taken together, these actions have created significant earnings power within our Company," remarked Ernie Garateix, Heritage's CEO. "We have also continued to provide our insureds with quality customer service and an efficient and thorough claims handling experience to ensure they receive the support and service that they expect especially in times of crisis."
Mr. Garateix continued, "As I noted last quarter, we are now positioned to return the Company to growth given favorable market conditions combined with a majority of our markets having achieved rate adequacy. As a result, nearly all of our capacity is now open, compared to only about
Strategic Profitability Initiatives
The Company has focused on three main strategic initiatives over the past few years 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.
- Maintaining a balanced and diversified portfolio.
These three initiatives will remain in place while we also expand our strategy to include our 2025 initiatives.
Strategic Initiatives for 2025
- Re-opening profitable geographies and allocating capital to sustain profits and margins on a measured basis.
- Persistent underwriting discipline and focus on rate adequacy.
- Continued data driven analytics.
- Enhancing customer service and claims capabilities.
- Leveraging infrastructure and capabilities to foster future growth.
2025 Update
- As of the beginning of the 3rd quarter, nearly all capacity is now open for new business.
- No change to existing robust underwriting standards.
- Received 14 rate approvals, 9 rate filings are pending approval.
- Adjusted inflation guard to
5% which reflects current trend. - Expect more rate to earn through the portfolio in 2025 than in any prior year.
Capital Management
Heritage'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 distribution and stock repurchases on a quarterly basis. No shares of common stock were repurchased during the quarter.
Results of Operations
The following table summarizes results of operations for the three and six months ended June 30, 2025, and 2024 (amounts in thousands, except percentages and per share amounts):
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||
2025 | 2024 | Change | 2025 | 2024 | Change | ||||||||
Total revenues | $ 208,035 | $ 203,571 | 2.2 | % | $ 419,554 | $ 394,873 | 6.3 | % | |||||
Net income | $ 48,024 | $ 18,869 | 154.5 | % | $ 78,498 | $ 33,094 | 137.2 | % | |||||
$ 1.55 | $ 0.61 | 154.1 | % | $ 2.54 | $ 1.08 | 135.2 | % | ||||||
Book value per share | $ 12.36 | $ 8.32 | 48.6 | % | $ 12.36 | 48.6 | % | ||||||
53.9 | % | 30.8 | % | 23.1 | pts | 46.6 | % | 27.8 | % | 18.8 | pts | ||
Underwriting summary: | |||||||||||||
Gross premiums written | $ 410,968 | $ 424,530 | (3.2) | % | $ 766,965 | $ 781,214 | (1.8) | % | |||||
Gross premiums earned | $ 353,594 | $ 350,073 | 1.0 | % | $ 707,422 | $ 691,462 | 2.3 | % | |||||
Ceded premiums | $ (157,278) | $ (159,757) | (1.6) | % | $ (311,072) | $ (321,720) | (3.3) | % | |||||
Net premiums earned | $ 196,316 | $ 190,316 | 3.2 | % | $ 396,350 | $ 369,742 | 7.2 | % | |||||
Ceded premium ratio | 44.5 | % | 45.6 | % | (1.1) | pts | 44.0 | % | 46.5 | % | (2.5) | pts | |
Ratios to Net Premiums Earned: | |||||||||||||
Loss ratio | 38.5 | % | 55.7 | % | (17.2) | pts | 44.2 | % | 56.2 | % | (12.0) | pts | |
Expense ratio | 34.4 | % | 36.8 | % | (2.4) | pts | 34.6 | % | 36.9 | % | (2.3) | pts | |
Combined ratio | 72.9 | % | 92.5 | % | (19.6) | pts | 78.8 | % | 93.1 | % | (14.3) | 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
Second Quarter 2025 Results:
Second quarter 2025 net income was
Premiums-in-force were
Gross premiums written of
Gross premiums earned were
Net premiums earned were
Ceded premium ratio was
Net loss ratio decreased to
The net expense ratio was
Net combined ratio of
Net investment income was
The effective tax rate was
Supplemental Information:
Policies-in-force: | Q2 2025 | Q2 2024 | % Change | |||
127,772 | 142,591 | (10.4) % | ||||
Other States | 242,337 | 277,653 | (12.7) % | |||
Total | 370,109 | 420,244 | (11.9) % | |||
Premiums-in-force: | (in thousands) | |||||
$ 687,883 | $ 734,698 | (6.4) % | ||||
Other States | 741,608 | 687,638 | 7.8 % | |||
Total | $ 1,429,491 | $ 1,422,336 | 0.5 % | |||
Total Insured Value: | (in thousands) | |||||
$ 105,385,166 | $ 104,426,161 | 0.9 % | ||||
Other States | 259,649,177 | 278,666,369 | (6.8) % | |||
Total | $ 365,034,343 | $ 383,092,530 | (4.7) % | |||
Book Value Analysis:
Book Value Per Share | As Of | ||||
June 30, 2025 | December 31, 2024 | June 30, 2024 | |||
Numerator: | |||||
Common stockholders' equity (000's) | $ 383,302 | $ 290,799 | $ 255,333 | ||
Denominator: | |||||
Total Shares Outstanding | $ 31,017,570 | $ 30,607,039 | $ 30,684,198 | ||
Book Value Per Common Share | $ 12.36 | $ 9.50 | $ 8.32 | ||
Book value per share of
Conference Call Details:
Wednesday, August 6, 2025 at 9:00 am ET
Participant Dial-in Numbers Toll Free: 1-888-346-3095
Participant International Dial In: 1-412-902-4258
Canada Toll Free: 1-855-669-9657
Webcast:
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) | |||
June 30, 2025 | December 31, 2024 | ||
ASSETS | (unaudited) | ||
Fixed maturities, available-for-sale, at fair value | $ 665,401 | $ 655,555 | |
Equity securities, at fair value | 1,064 | 1,936 | |
Other investments, net | 4,864 | 5,952 | |
Total investments | 671,329 | 663,443 | |
Cash and cash equivalents | 473,465 | 452,666 | |
Restricted cash | 13,467 | 10,979 | |
Accrued investment income | 5,549 | 5,592 | |
Premiums receivable, net | 99,724 | 102,134 | |
Reinsurance recoverable on paid and unpaid claims, net | 524,045 | 740,204 | |
Prepaid reinsurance premiums | 530,285 | 309,802 | |
Income taxes receivable | 19,118 | — | |
Deferred income tax assets, net | 11,356 | 13,876 | |
Deferred policy acquisition costs, net | 70,940 | 63,204 | |
Property and equipment, net | 38,935 | 38,080 | |
Right-of-use lease asset, finance | 13,837 | 15,082 | |
Right-of-use lease asset, operating | 5,246 | 5,850 | |
Intangibles, net | 33,280 | 36,372 | |
Other assets | 26,179 | 11,640 | |
Total Assets | 2,536,755 | 2,468,924 | |
LIABILITIES AND STOCKHOLDERS' EQUITY | |||
Unpaid losses and loss adjustment expenses | $ 713,183 | $ 1,042,687 | |
Unearned premiums | 762,235 | 702,707 | |
Reinsurance payable | 502,280 | 227,060 | |
Long-term debt, net | 92,361 | 116,319 | |
Advance premiums | 18,606 | 15,186 | |
Income taxes payable | — | 846 | |
Accrued compensation | 6,383 | 8,926 | |
Lease liability, finance | 16,868 | 18,071 | |
Lease liability, operating | 6,257 | 6,945 | |
Accounts payable and other liabilities | 35,280 | 39,378 | |
Total Liabilities | 2,153,453 | 2,178,124 | |
Stockholders' Equity: | |||
Common stock, | 3 | 3 | |
Additional paid-in capital | 365,559 | 362,644 | |
Accumulated other comprehensive loss, net of taxes | (17,514) | (28,604) | |
Treasury stock, at cost | (130,900) | (130,900) | |
Retained earnings | 166,154 | 87,656 | |
Total Stockholders' Equity | $ 383,302 | $ 290,799 | |
Total Liabilities and Stockholders' Equity | $ 2,536,755 | $ 2,468,924 | |
HERITAGE INSURANCE HOLDINGS, INC. Condensed Consolidated Statements of Operations and Other Comprehensive Income (Amounts in thousands, except share amounts) (Unaudited) | |||||||
For the Three Months Ended June | For the Six Months Ended June | ||||||
2025 | 2024 | 2025 | 2024 | ||||
REVENUES: | |||||||
Gross premiums written | $ 410,968 | $ 424,530 | $ 766,965 | $ 781,214 | |||
Change in gross unearned premiums | (57,374) | (74,457) | (59,543) | (89,752) | |||
Gross premiums earned | 353,594 | 350,073 | 707,422 | 691,462 | |||
Ceded premiums | (157,278) | (159,757) | (311,072) | (321,720) | |||
Net premiums earned | 196,316 | 190,316 | 396,350 | 369,742 | |||
Net investment income | 9,034 | 9,769 | 17,609 | 18,320 | |||
Net realized gains | 4 | 12 | — | 11 | |||
Other revenue | 2,681 | 3,474 | 5,595 | 6,800 | |||
Total revenues | 208,035 | 203,571 | 419,554 | 394,873 | |||
EXPENSES: | |||||||
Losses and loss adjustment expenses | 75,620 | 105,928 | 175,027 | 207,963 | |||
Policy acquisition costs, net | 43,146 | 47,224 | 88,961 | 94,153 | |||
General and administrative expenses, net | 24,399 | 22,780 | 48,260 | 42,414 | |||
Total expenses | 143,165 | 175,932 | 312,248 | 344,530 | |||
Operating income | 64,870 | 27,639 | 107,306 | 50,343 | |||
Interest expense, net | 1,880 | 2,780 | 4,306 | 5,610 | |||
Income before income taxes | 62,990 | 24,859 | 103,000 | 44,733 | |||
Income tax expense | 14,966 | 5,990 | 24,502 | 11,639 | |||
Net income | $ 48,024 | $ 18,869 | $ 78,498 | $ 33,094 | |||
OTHER COMPREHENSIVE INCOME | |||||||
Change in net unrealized gains on investments | 6,071 | 924 | 14,548 | 641 | |||
Reclassification adjustment for net realized investment gains | (4) | (12) | — | (11) | |||
Income tax expense related to items of other comprehensive income | (1,443) | (216) | (3,459) | (150) | |||
Total comprehensive income | $ 52,648 | $ 19,565 | $ 89,587 | $ 33,574 | |||
Weighted average shares outstanding | |||||||
Basic | 31,004,218 | 30,649,732 | 30,851,022 | 30,513,207 | |||
Diluted | 31,063,481 | 30,708,995 | 30,910,285 | 30,572,470 | |||
Earnings per share | |||||||
Basic | $ 1.55 | $ 0.62 | $ 2.54 | $ 1.08 | |||
Diluted | $ 1.55 | $ 0.61 | $ 2.54 | $ 1.08 | |||
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
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 including statements relating to our strategy to continue allocating capital to profitable geographies and products, applying our underwriting and pricing discipline, pursuing controlled growth and maintaining a balanced and diversified portfolio, and the results of our strategy; our initiatives and strategies relating to re-opening profitable geographies; our expectations that more rates will earn through the portfolio in 2025 than any prior year; our expectation that our personal lines policies in-force will slowly increase throughout the second half of 2025; our plans to allocate capital to sustain profits and margin; our focus on persistent underwriting discipline and on rate adequacy and continued data driven analytics to drive exposure management; our other strategic priorities for 2025; potential room for growth and expansion in certain geographies; and our expectations regarding profit and growth in 2025and beyond . 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 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
klusk@heritagepci.com
investors@heritagepci.com
jlillis@soleburystrat.com
View original content:https://www.prnewswire.com/news-releases/heritage-reports-second-quarter-2025-results-302522340.html
SOURCE Heritage Insurance Holdings, Inc.
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