Heritage Insurance Holdings Forecasts Florida Commercial Rate Declines Amid Texas Expansion
Heritage Insurance Holdings (HRTG) reported third-quarter results that included $15.8 million in pretax catastrophe losses following a period of increased weather activity. Despite these losses, the company achieved diluted earnings per share of $1.72. Looking ahead, management signaled a shift in the Florida commercial market, forecasting renewal pricing declines between 10% and 18% through 2027. To balance this regional trend, the company is focusing on expanding its Excess & Surplus (E&S) lines within the Texas market.
Tickers: $HRTG
Topics: catastrophe losses earnings per share insurance industry
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Part of the story Heritage Insurance Holdings Reports Q3 2026 Growth Despite Catastrophe Losses (9 articles)