Heritage Insurance Holdings (HRTG)
NYSE:HRTG
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Earnings Data
Report Date
Aug 11, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.18Last Year’s EPS
1.55Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call contained multiple clear operational and financial improvements (recordable first-quarter earnings, materially improved underwriting metrics at Heritage, ROE strength, strong retention and early new-business momentum, plus Calumet’s strategic milestones — MaxSAF on time and meaningful renewables and fuels tailwinds). Challenges were notable but largely manageable and often described as temporary: market-driven premium pressures in select book segments, modest expense ratio increases, a few operational outages and hedging/working-capital impacts at the fuels/renewables operator. On balance the positives (profitability, margin improvement, strategic capacity delivery, and liquidity/deleveraging focus) outweigh the negatives.Company Guidance
Record First-Quarter Profitability (Heritage)
Net income of $36.5 million, or $1.19 per diluted share, vs $30.5 million ($0.99) in Q1 2025 — the highest first-quarter earnings since becoming public in 2014.
Improved Loss and Combined Ratios (Heritage)
Net loss ratio improved to 45.9% from 49.7% (a 3.8-point improvement). Net combined ratio improved to 81.0% from 84.5% (a 3.5-point improvement), reflecting lower net losses, favorable prior-year development and reduced weather losses.
Strong Capital & Return Metrics (Heritage)
Return on equity of 28.5% while average shareholders’ equity rose 65.5% year-over-year.
Retention, Rate Adequacy and Early New-Business Momentum (Heritage)
Policy retention ~88%; achieved rate adequacy across ~90% of geographies. Management reported new business written up 62.7% versus 2025 (and >30% in an additional comparison reported), with sequential improvement in policy count and some states showing double-digit policy growth.
Revenue and Premiums Stability (Heritage)
Premiums in force of $1.427 billion (down 0.4% YoY) with gross premiums earned ~$153.6 million and net premiums earned ~$199.7 million essentially flat year-over-year.
Share Repurchase Authorization (Heritage)
New share repurchase authorization of $50 million (replacing the prior $25 million authorization); prior repurchases of ~$12 million year-to-date were retained in reported activity.
Specialty & Fuels Margin Opportunity (Calumet / MRL)
Reported fuels 2-1-1 crack spread outlook >$42/barrel for 2026 (nearly double 2025 average), with the company executing price increases and hedges to capture value; specialty volumes posted six consecutive quarters >20k bpd.
Montana Renewables — MaxSAF Expansion Delivered (Calumet / MRL)
MaxSAF 150 expansion completed on time and on budget. Renewables adjusted EBITDA with tax attributes rose to $10.2 million vs $3.3 million in Q1 2025 (Calumet-owned basis $8.8 million). Contractual SAF premium cited at $1–$2 per gallon.
Performance Brands Momentum (Calumet)
TrueFuel posted record monthly results and the Performance Brands segment generated $12.6 million of adjusted EBITDA, with management successfully offsetting divestiture-related EBITDA loss through cost controls and brand growth.
Liquidity / Deleveraging Actions (Calumet)
Management executed a $150 million tack-on (pre-pay strategy) to address longer-dated debt; stated focus on using elevated cash generation to accelerate deleveraging and maintain flexibility.
HRTG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HRTG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $28.03 | $22.41 | -20.05% |
Feb 23, 2026 | $24.10 | $23.46 | -2.66% |
Nov 05, 2025 | $24.76 | $27.85 | +12.48% |
Aug 05, 2025 | $21.66 | $19.02 | -12.19% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Heritage Insurance Holdings (HRTG) report earnings?
Heritage Insurance Holdings (HRTG) is schdueled to report earning on Aug 11, 2026, After Close (Confirmed).
What is Heritage Insurance Holdings (HRTG) earnings time?
Heritage Insurance Holdings (HRTG) earnings time is at Aug 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HRTG EPS forecast?
HRTG EPS forecast for the fiscal quarter 2026 (Q2) is 1.18.