Heritage (HRTG) Q3 2026 Earnings Call Transcript

Heritage (HRTG) reported a stable quarter in underwriting performance but faced higher catastrophe exposure. Net income rose 1.4% year over year to $51.1 million, despite $15.8 million of pre-tax catastrophe losses that included $9.1 million from Hurricanes Lala and Lowell. Total revenue increased 3.2% to $219.2 million, supported by higher net premiums earned and investment income. Net premiums earned climbed 5.4% to $205.6 million as lower ceded premiums partially offset a decline in gross earned premiums. The net loss ratio was 39.6%, up 1.3 points, while the net combined ratio was 73.0%, roughly flat versus the prior year.