Heritage Insurance Holdings Reports Strong Q3 2025 Results

Heritage Insurance Holdings ( (HRTG) ) has released its Q3 earnings. Here is a breakdown of the information Heritage Insurance Holdings presented to its investors.

Heritage Insurance Holdings, Inc. is a super-regional property and casualty insurance holding company, operating across multiple states in the U.S., including the northeast, southeast, Hawaii, and California, with a focus on personal and commercial residential insurance.

In its third quarter of 2025 financial results, Heritage Insurance Holdings reported a significant increase in net income to $50.4 million, or $1.63 per diluted share, compared to $8.2 million, or $0.27 per diluted share, in the same quarter of 2024. The company attributed this growth to strategic initiatives and favorable market conditions.

Key financial metrics highlighted in the report include a 2.2% increase in gross premiums earned to $362.0 million, despite a 1.9% decrease in net premiums earned. The net loss ratio improved significantly to 38.3%, and the net combined ratio decreased to 72.9%, indicating enhanced underwriting performance. The return on average equity surged to 49.2%, and the book value per share rose by 55.5% compared to the previous year.

Heritage’s strategic focus remains on generating underwriting profit, expanding into profitable geographies, and maintaining a balanced portfolio. The company has reopened nearly all territories for new business, reflecting strong future premium potential, and has received multiple rate approvals to ensure competitive pricing.

Looking ahead, Heritage Insurance Holdings is poised for growth, with expectations of policy count returning to growth over the next six months and a focus on leveraging infrastructure for future expansion. The company continues to prioritize strategic growth over shareholder dividends, with plans for further share repurchases in the coming year.