Heritage Reports Third Quarter 2026 Results
Heritage Insurance posted Q3 net income of $51.1 million with diluted EPS of $1.72, up 5.5% year-over-year despite absorbing $15.8 million of pre-tax catastrophe losses versus none in the prior-year quarter. Underwriting remained strong with a 73.0% net combined ratio and a 35.1% annualized ROE; book value per share rose 42.9% YoY to $20.22. Gross premiums written fell 3.1% on competitive Florida commercial residential pricing pressure, though premiums-in-force of $1.40 billion were down only 2.8%.
Key figures
- Eps
- 1.72
- Revenue
- 219200000
- Revenue Yoy
- 3.2%
- Gpw yoy
- (3.1)%
- Npe yoy
- 5.4%
- Loss ratio
- 39.6%
- Expense ratio
- 33.4%
- Q3 net income
- 51124000
- Combined ratio
- 73.0%
- Ytd net income
- 149317000
- Debt to capital
- 10.5%
- Ytd buyback cost
- 27900000
- Policies in force
- 347920
- Premiums in force
- $1.40 billion
- Roe annualized q3
- 35.1%
- Pre tax cat losses
- 15800000
- Ytd buyback shares
- 1101508
- Ytd net income yoy
- 15.8%
- Net premiums earned
- 205591000
- Book value per share
- 20.22
- Net investment income
- 11400000
- Gross premiums written
- 322778000
- Book value per share yoy
- 42.9%
- Favorable py development
- 14000000
- Net investment income yoy
- 17.3%
- New buyback authorization
- 50000000
AI analysis
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