Heritage Insurance Holdings, Inc. — Third Quarter 2026 Earnings Summary

Heritage Insurance Holdings reported third-quarter 2026 net income of $51.1 million, or $1.72 per diluted share, representing a 5.5% increase from the prior-year quarter despite absorbing $15.8 million in pre-tax catastrophe losses. Year-to-date net income reached $149.3 million, up 15.8%, driven by a 5.4% rise in net premiums earned and a 17.3% increase in net investment income. The company's net combined ratio remained relatively flat at 73.0%, while the net expense ratio improved to 33.4% due to lower ceded premiums and operational efficiencies. Additionally, Heritage repurchased over 1.1 million shares of common stock in 2026 for $27.9 million, contributing to a 42.9% increase in book value per share to $20.22.