Heritage Insurance Holdings (HRTG) Tops Q3 EPS by 7c

Heritage Insurance Holdings (NYSE: HRTG) reported Q3 EPS of $0.33, $0.07 better than the analyst estimate of $0.26. Revenue for the quarter came in at $58 million versus the consensus estimate of $52 million.

• 133% increase in gross premiums written for Q3 2014 as compared with Q3 2013
• 155% increase in net premiums earned for Q3 2014 as compared with Q3 2013
• 102% increase in policy count compared to Q3 2013
• Year-to-date net income of $27.4 million
• Combined ratio of 82.9% for the quarter and 82.1% year-to-date
• Successfully assimilated the acquisition of policies from Sunshine State Insurance Company

For earnings history and earnings-related data on Heritage Insurance Holdings (HRTG) click here.

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