Heritage Reports Third Quarter 2019 Results
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Heritage Insurance (HRTG) Tops Q3 EPS by 14c
October 31, 2019 4:33 PM EDTHeritage Insurance (NYSE: HRTG) reported Q3 EPS of $0.28, $0.14 better than the analyst estimate of $0.14.
Net income for the quarter was $8.1 million, or $0.28 per diluted share.Book value per share increased 6.5% (8.8% compound annual growth rate) from year-end 2018 and 2.5% (10.5% compound annual growth rate) from June 30, 2019 to $15.37 at September 30, 2019.Gross premiums written were $237.3 million, up 1.6% year-over-year, including 7.9% growth outside Florida that was partly offset by a 4.8% exposure management driven decline in Florida, marking a return... More