HRTG reports record Q1 2026 earnings of $1.19 per share, driven by rate increases and lower weather-related losses.
Heritage Insurance reported Q1 2026 net income of $36.5 million, or $1.19 per share, up from $30.5 million, or $0.99 per share, a year earlier. The improvement was attributed to better underwriting, prior rate increases, and reduced weather-related losses, with the combined ratio improving to 81.0% from 84.5%.
The company’s new business written surged 62.7% year over year, reflecting disciplined growth strategies. Management emphasized margin focus over volume, citing rate adequacy in most markets. Book value per share rose 61.5%, while debt-to-capital fell to 13%.
Heritage also approved a $50 million share repurchase plan, following $12 million in buybacks year to date. Operating cash flow reached $24.9 million for the quarter.