Heritage Insurance Holdings Inc
NYSE:HRTG

  • LAST PRICE
    9.4400
  • TODAY'S CHANGE (%)
    0.2300 (2.4973%)
  • Bid / Lots
    9.0400/ 1
  • Ask / Lots
    9.5500/ 1
  • Open / Previous Close
    9.3700 / 9.2100
  • Day Range
    9.1415
    9.4700
  • 52 Week Range
    3.7300
    11.2300
  • Volume
    259,037

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  • May 7, 2024

  • May 1, 2024

      Show headlines and story abstract

    • 4:11PM ET on Wednesday May 01, 2024 by MT Newswires
      Companies Mentioned: HRTG
      04:11 PM EDT, 05/01/2024 (MT Newswires) -- ...

    • 4:07PM ET on Wednesday May 01, 2024 by PR Newswire
      Companies Mentioned: HRTG

      Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Heritage" or the "Company"), a super-regional property and casualty insurance holding company, today reported first quarter of 2024 financial results.

    • 4:07PM ET on Wednesday May 01, 2024 by Dow Jones
      Companies Mentioned: HRTG
      Retained earnings 40,342 26,117 ------------ --------------- Total Stockholders' Equity 234,935 220,280 ------------ --------------- Total Liabilities and Stockholders' Equity $ 2,130,134 $ 2,153,200 ============ =============== 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 March 31, ------------------------------ 2024 2023 ---------------- ------------ REVENUES: Gross premiums written $ 356,684 $ 310,309 Change in gross unearned premiums (15,295) 6,713 ------------ ----------- Gross premiums earned 341,389 317,022 Ceded premiums (161,963) (150,993) ------------ ----------- Net premiums earned 179,426 166,029 Net investment income 8,551 5,582 Net realized (losses) gains (1) 1,898 Other revenue 3,326 3,412 ------------ ----------- Total revenues 191,302 176,921 EXPENSES: Losses and loss adjustment expenses 102,035 97,452 Policy acquisition costs, net 46,929 40,324 General and administrative expenses, net 19,634 19,054 ------------ ----------- Total expenses 168,598 156,830 ------------ ----------- Operating income 22,704 20,091 Interest expense, net 2,830 2,881 Income before income taxes 19,874 17,210 ------------ ----------- Provision for income taxes 5,649 3,202 ------------ ----------- Net income $ 14,225 $ 14,008 ============ =========== OTHER COMPREHENSIVE INCOME Change in net unrealized (losses) gains on investments (284) 12,143 Reclassification adjustment for net realized investment losses 1 2 Income tax benefit (expense) related to items of other comprehensive income (loss) 67 (2,855) ------------ ----------- Total comprehensive income $ 14,009 $ 23,298 ============ =========== Weighted average shares outstanding Basic 30,376,682 25,558,305 ============ =========== Diluted 30,435,945 25,617,568 ============ =========== Earnings per share Basic $ 0.47 $ 0.55 Diluted $ 0.47 $ 0.55

    • 4:07PM ET on Wednesday May 01, 2024 by Dow Jones
      Companies Mentioned: HRTG
      Retained earnings 40,342 26,117 ------------ --------------- Total Stockholders' Equity 234,935 220,280 ------------ --------------- Total Liabilities and Stockholders' Equity $ 2,130,134 $ 2,153,200 ============ =============== 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 March 31, ------------------------------ 2024 2023 ---------------- ------------ REVENUES: Gross premiums written $ 356,684 $ 310,309 Change in gross unearned premiums (15,295) 6,713 ------------ ----------- Gross premiums earned 341,389 317,022 Ceded premiums (161,963) (150,993) ------------ ----------- Net premiums earned 179,426 166,029 Net investment income 8,551 5,582 Net realized (losses) gains (1) 1,898 Other revenue 3,326 3,412 ------------ ----------- Total revenues 191,302 176,921 EXPENSES: Losses and loss adjustment expenses 102,035 97,452 Policy acquisition costs, net 46,929 40,324 General and administrative expenses, net 19,634 19,054 ------------ ----------- Total expenses 168,598 156,830 ------------ ----------- Operating income 22,704 20,091 Interest expense, net 2,830 2,881 Income before income taxes 19,874 17,210 ------------ ----------- Provision for income taxes 5,649 3,202 ------------ ----------- Net income $ 14,225 $ 14,008 ============ =========== OTHER COMPREHENSIVE INCOME Change in net unrealized (losses) gains on investments (284) 12,143 Reclassification adjustment for net realized investment losses 1 2 Income tax benefit (expense) related to items of other comprehensive income (loss) 67 (2,855) ------------ ----------- Total comprehensive income $ 14,009 $ 23,298 ============ =========== Weighted average shares outstanding Basic 30,376,682 25,558,305 ============ =========== Diluted 30,435,945 25,617,568 ============ =========== Earnings per share Basic $ 0.47 $ 0.55 Diluted $ 0.47 $ 0.55

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