Heritage Insurance Holdings Reports Q3 2026 Growth Despite Catastrophe Losses
Heritage Insurance Holdings (HRTG) reported a resilient third quarter for 2026, posting net income of $51.1 million, a 1.4% increase year-over-year. Despite absorbing $15.8 million in pre-tax catastrophe losses from Hurricanes Lala and Lowell, the company saw diluted earnings per share rise by 5.5% to $1.72, aided by a reduction in shares outstanding. Total revenue grew 3.2% to $219.2 million, driven by higher net premiums earned and a significant 17.3% jump in net investment income. While the company faced competitive pricing pressures in Florida—resulting in a 16.1% decline in commercial residential premium in force—it successfully improved its debt-to-capital ratio to 10.5% and saw book value per share surge by 42.9%.
Tickers: $HRTG
Topics: catastrophe losses eps insurance premiums net income revenue
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Part of the story Heritage Insurance Holdings Reports Q3 2026 Growth Despite Catastrophe Losses (9 articles)