Welcome to our dedicated page for Heritage Insurance Hldgs news (Ticker: HRTG), a resource for investors and traders seeking the latest updates and insights on Heritage Insurance Hldgs stock.
Heritage Insurance Holdings Inc (HRTG) delivers property and casualty insurance solutions across the southeastern U.S., with specialized expertise in catastrophe-prone markets. This news hub provides investors and industry observers with timely updates on corporate developments, financial performance, and strategic initiatives shaping this super-regional insurer.
Access official press releases and curated analysis covering HRTG's quarterly earnings, regulatory filings, leadership updates, and product expansions. Our repository tracks critical areas including reinsurance strategies, rate adequacy measures, and claims management innovations central to the company's operations in Florida and expanding markets.
Key updates include developments in coastal property coverage, loss mitigation programs, and partnerships with independent agents. Users will find essential information on capital management decisions, dividend announcements, and responses to regional weather events impacting the insurance sector.
Bookmark this page for streamlined access to Heritage Insurance's evolving story. Check regularly for verified updates on underwriting adjustments, market entry/exit decisions, and other material developments affecting HRTG's position in the property insurance landscape.
Heritage Insurance Holdings (NYSE: HRTG) announced that Arash Soleimani, Executive Vice President, will participate in the Sidoti & Company Winter 2021 Virtual Investor Conference on January 13-14, 2021. Heritage, a super-regional property and casualty insurance holding company, writes over $1 billion in gross personal and commercial residential premium across multiple states. For more financial information, visit investors.heritagepci.com.
Heritage Insurance Holdings (NYSE: HRTG) announced participation in two virtual investor conferences. Arash Soleimani, Executive Vice President, will represent the company at the Southwest IDEAS conference on November 18 and the Sidoti & Company conference on November 19, 2020. Heritage, a super-regional property and casualty insurance holding company, writes over $1 billion in gross premiums across multiple states. Investors can find financial announcements and additional information on investors.heritagepci.com.
Heritage Insurance Holdings, Inc. (NYSE: HRTG) has announced the promotion of Ernie Garateix to Chief Executive Officer, effective November 30, 2020. Garateix, previously the Chief Operating Officer, has been with Heritage since its founding in 2012. He succeeds Bruce Lucas, who will retire on the same date but will remain as an executive consultant into 2021. Rich Widdicombe will continue as President and has been named Chairman of the Board. This leadership transition is expected to strengthen the company's strategic direction.
Heritage Insurance Holdings reported a net loss of $5.2 million or $0.19 per diluted share for Q3 2020, a significant decline from a net income of $8.1 million in Q3 2019. Despite gross premiums written increasing by 17.3% year-over-year to $278.2 million, elevated weather losses of $47.3 million negatively impacted results. Book value per share rose to $15.97, a 3.9% increase. The Board of Directors extended the share repurchase authorization to $50 million and declared a $0.06 quarterly dividend. The company is monitoring potential impacts from COVID-19 but remains optimistic about its resilience.
Heritage Insurance Holdings, Inc. (NYSE: HRTG) will announce its third quarter 2020 financial results after the market closes on November 2, 2020. A conference call is scheduled for November 3, 2020, at 8:30 am ET to discuss the results. Heritage Insurance is a super-regional property and casualty insurance holding company, writing approximately $1 billion in gross personal and commercial residential premium across multiple states. Investors can access financial information on their website.
Heritage Insurance Holdings (HRTG) reported an anticipated $24.5 million in net current accident quarter catastrophe losses for Q3 2020, mainly due to Hurricanes Isaias and Sally. Additionally, the company expects $22.8 million in non-catastrophe weather losses, a significant increase from $11.9 million in the same period last year, primarily attributed to wind and hail storms in Florida. Heritage operates as a super-regional property and casualty insurance provider, managing approximately $1 billion in gross premiums across multiple states.
Heritage Insurance Holdings, Inc. (HRTG) announced the participation of Arash Soleimani, Executive Vice President, in the Sidoti & Company's virtual investor conference on September 23-24, 2020. The company, based in Clearwater, Florida, is a super-regional property and casualty insurance holding company, writing approximately $1 billion in gross personal and commercial residential premiums across its multi-state footprint. Financial updates are regularly posted on investors.heritagepci.com.
Heritage Insurance Holdings (HRTG) announced participation in the LD Micro virtual investor conference from September 2 to September 4, 2020. Executive Vice President Arash Soleimani will represent the company during this event. Heritage, headquartered in Clearwater, Florida, is recognized as a super-regional property and casualty insurance provider, writing approximately $1 billion in gross premiums across multiple states. For further financial details and updates, visit investors.heritagepci.com.
Heritage Insurance Holdings (NYSE: HRTG) announced a quarterly cash dividend of $0.06 per share, set to be paid on October 2, 2020, to shareholders on record by September 15, 2020. The Board's decision for future dividends will depend on various factors including the company's financial performance. Heritage operates as a super-regional property and casualty insurance company, managing approximately $1 billion in premiums across multiple states.
Heritage Insurance Holdings (HRTG) reported strong second quarter 2020 results, posting a net income of $4.1 million ($0.15 per diluted share), up 473.1% from $0.7 million a year ago. Gross premiums written increased by 14.0% year-over-year to $290.4 million, driving book value per share up 11.2% to $16.67. The combined ratio improved to 100.0%, reflecting enhanced underwriting discipline. Despite the ongoing COVID-19 pandemic, the company remains optimistic about its insulated position within the residential property insurance market.
