Heritage Insurance (HRTG) Misses Q1 EPS by 29c; Adds $50M to Stock Buyback Plan

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Go back to Heritage Insurance (HRTG) Misses Q1 EPS by 29c; Adds $50M to Stock Buyback Plan

Heritage Insurance Holdings, Inc. Reports Financial Results for First Quarter of 2016; Increases Share Repurchase Authorization by $50 Million and Cash Dividend by 20%

May 4, 2016 4:31 PM EDT

CLEARWATER, Fla., May 4, 2016 /PRNewswire/ -- Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Heritage" or the "Company"), a property and casualty insurance holding company, today reported its financial results for the fiscal quarter ended March 31, 2016.

First Quarter Highlights

10% increase in gross premiums written for Q1 2016 as compared with Q1 2015. 21% increase in gross premiums earned for Q1 2016 as compared with Q1 2015. 21% increase in policy count in Q1 2016 as compared to Q1 2015. Net income of $7.4 million for Q1 2016.... More