Welcome to our dedicated page for Heritage Insurance Hldgs news (Ticker: HRTG), a resource for investors and traders seeking the latest updates and insights on Heritage Insurance Hldgs stock.
Heritage Insurance Holdings Inc (HRTG) delivers property and casualty insurance solutions across the southeastern U.S., with specialized expertise in catastrophe-prone markets. This news hub provides investors and industry observers with timely updates on corporate developments, financial performance, and strategic initiatives shaping this super-regional insurer.
Access official press releases and curated analysis covering HRTG's quarterly earnings, regulatory filings, leadership updates, and product expansions. Our repository tracks critical areas including reinsurance strategies, rate adequacy measures, and claims management innovations central to the company's operations in Florida and expanding markets.
Key updates include developments in coastal property coverage, loss mitigation programs, and partnerships with independent agents. Users will find essential information on capital management decisions, dividend announcements, and responses to regional weather events impacting the insurance sector.
Bookmark this page for streamlined access to Heritage Insurance's evolving story. Check regularly for verified updates on underwriting adjustments, market entry/exit decisions, and other material developments affecting HRTG's position in the property insurance landscape.
Heritage Insurance Holdings, Inc. (NYSE: HRTG) reported a net loss of $4.0 million in Q2 2021, equating to $0.14 per share, a significant decline from a net income of $4.1 million in Q2 2020. Despite this, gross premiums written rose by 16.3% year-over-year to $337.7 million. The book value per share decreased by 0.8% to $15.20. Weather losses increased to $35.5 million, contributing to the higher net loss ratio of 68.8%. The company declared a quarterly dividend of $0.06 per share, payable on October 6, 2021. CEO Ernie Garateix emphasized improvements in underwriting and pricing actions.
Heritage Insurance Holdings (NYSE: HRTG) will report its second quarter 2021 financial results on August 5, 2021, with a conference call scheduled for August 6, 2021, at 9:30 am ET. The company anticipates net weather losses of approximately $35.5 million for the quarter, including $24.5 million from catastrophe losses and $11.0 million from other weather-related issues. Additionally, Heritage projects an extra $9.4 million in ceded premium for reinstatement of reinsurance coverage. These financial estimates remain subject to adjustments.
Heritage Insurance Holdings, Inc. (NYSE: HRTG) announced the completion of its 2021-2022 catastrophe reinsurance program, with a total cost of approximately $312 million, representing 28% of March 31, 2021 premiums-in-force. The reinsurance plan includes a first event exhaustion point of $1.4 billion and a total limit of $2.5 billion. Key features involve prepaid reinstatement premiums totaling $640 million and significant participation from the Florida Hurricane Catastrophe Fund at 90%. CEO Ernie Garateix emphasized improved program strength and simplified structures.
Heritage Insurance Holdings reported a net loss of $5.1 million, or ($0.19) per diluted share, in Q1 2021, down from a profit of $7.6 million in the same quarter last year.
Gross premiums written increased by 19.7% to $274.2 million, driven by rate hikes, particularly in Florida.
Despite these gains, the company faced a rise in weather-related losses to $31.4 million.
Book value per share decreased by 3.9% to $15.32, reflecting a decline in stockholders' equity.
A quarterly dividend of $0.06 per share was declared.
Heritage Insurance Holdings, Inc. (NYSE: HRTG), based in Clearwater, Florida, announced an estimated total of $31.4 million in net current accident quarter weather losses for Q1 2021. This includes approximately $15.4 million from catastrophe losses and $16.1 million from other weather-related losses. These figures are preliminary and subject to change pending quarter-end accounting procedures. The company writes over $1 billion in gross personal and commercial residential premium across multiple states.
Heritage Insurance Holdings, Inc. (NYSE: HRTG) will announce its first quarter 2021 financial results after market close on May 5, 2021. A conference call is scheduled for May 6, 2021, at 9:30 am ET, where details about their financial performance will be discussed. Heritage writes over $1 billion in gross personal and commercial residential premium through its subsidiaries. A live audio webcast of the earnings call will be available on the company's website, with a replay option for later access.
Heritage Insurance Holdings (HRTG) reported its fourth quarter 2020 financial results with net income of $2.8 million ($0.10 per diluted share), down 78.1% from the previous year. Despite a 19.9% increase in gross premiums written to $282.3 million, elevated weather losses of $38.9 million impacted profitability. Book value per share is up 1.8% to $15.94. The company declared a $0.06 per share dividend to shareholders on April 6, 2021. The firm reported a net loss ratio of 70.4% and a combined ratio of 108.7%, indicating higher underwriting costs.
Heritage Insurance Holdings, Inc. (NYSE: HRTG) will announce its fourth quarter 2020 financial results after the market closes on March 3, 2021. A conference call will take place on March 4, 2021, at 9:30 am ET. The company operates as a super-regional property and casualty insurance holding company, writing over $1 billion in gross premiums across multiple states. The earnings call will be accessible via a live audio webcast and archived for later replay. Financial announcements can be found on the company’s investors page.
Heritage Insurance Holdings (NYSE: HRTG) reported anticipated fourth quarter 2020 net catastrophe losses of approximately $28.6 million and other weather losses of $12.9 million. The company also expects $4.9 million in separation costs due to executive departures. These preliminary figures are unaudited and subject to change pending completion of quarter-end accounting processes. As of December 31, 2020, adjustments may arise that could materially impact final results. Heritage, a super-regional property and casualty insurer, writes over $1 billion in premiums.
Heritage Insurance Holdings (NYSE: HRTG) announced that Arash Soleimani, Executive Vice President, will participate in the Sidoti & Company Winter 2021 Virtual Investor Conference on January 13-14, 2021. Heritage, a super-regional property and casualty insurance holding company, writes over $1 billion in gross personal and commercial residential premium across multiple states. For more financial information, visit investors.heritagepci.com.
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