Heritage Insurance Holdings Reports Growth in Third Quarter 2026 Net Income and EPS
Heritage Insurance Holdings (NYSE: HRTG) reported strong third-quarter 2026 financial results, highlighted by a year-to-date net income of $149.3 million, representing a 15.8% increase compared to the previous year. Despite incurring $15.8 million in pre-tax catastrophe losses during the quarter, the company achieved earnings per share (EPS) of $1.72, a 5.5% increase over the prior-year period. The company's total revenue rose 3.2% to $219.2 million, driven by growth in net premiums earned and a significant 17.3% jump in net investment income. Management noted that while catastrophe losses increased the net loss ratio slightly, these were largely offset by favorable prior-year reserve development. The company continues to focus on capital deployment and share repurchases, having bought back over one million shares year-to-date.
Tickers: $HRTG
Topics: earnings per share earnings report financial results insurance industry net income