Overview

* Heritage Q3 2025 revenue beats analyst expectations, net income rises significantly

* Net combined ratio improved to 72.9%, indicating better underwriting performance

* Company repurchased 106,135 shares, announces new $25 mln share repurchase plan

Outlook

* Heritage expects policy count to return to growth over the next six months

Result Drivers

* UNDERWRITING DISCIPLINE - Heritage attributes improved net loss ratio to disciplined underwriting and rate adequacy

* NEW BUSINESS GROWTH - New business premium increased by 166% due to reopened profitable geographies

* FAVORABLE LOSS DEVELOPMENT - Lower weather losses and favorable reserve development improved net loss ratio

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $212.46 $210.10

Revenue mln mln (2

Analysts

)

Q3 EPS $1.63

Q3 72.90%

Combined

Ratio

Q3 34.60%

Expense

Ratio

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the property & casualty insurance peer group is "buy"

* Wall Street's median 12-month price target for Heritage Insurance Holdings Inc ( HRTG ) is $31.50, about 24.1% above its November 4 closing price of $23.91

* The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)