AI Earnings Predictions for Heritage Insurance Holdings Inc. (HRTG)

EX-99.1

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EX-99.1

Exhibit 99.1

Heritage Reports Third Quarter 2026 Results

Tampa, FL – October 28, 2026: Heritage Insurance Holdings, Inc. (NYSE: HRTG) (“Heritage” or the “Company”), a super-regional property and casualty insurance holding company, today reported third quarter of 2026 financial results.

Third Quarter 2026 Result Highlights

• Year-to-date net income of $149.3 million, up 15.8%, and earnings per share of $4.94 per diluted share, up 18.5%, compared with $128.9 million and $4.17 per diluted share, for the nine months ended September 30, 2025.

• Third quarter net income of $51.1 million, compared with $50.4 million in the prior-year quarter, despite $15.8 million of pre-tax catastrophe losses in the current quarter, compared with no catastrophe losses in the prior-year quarter.

• Earnings per share increased 5.5% to $1.72 per diluted share in the third quarter, as compared to $1.63 per diluted share in the prior-year quarter, aided by a 4.0% reduction in diluted shares outstanding.

• Total revenue increased 3.2% to $219.2 million from $212.5 million in the prior-year quarter, with net premiums earned up 5.4% and net investment income up 17.3% from the prior-year quarter.

• Net loss ratio increased 1.3 percentage points to 39.6%, from 38.3% in the prior-year quarter, reflecting higher catastrophe and weather losses, largely offset by $14.0 million of favorable prior-year reserve development.

• Net combined ratio was relatively flat at 73.0%, compared with 72.9% in the prior-year quarter.

• Net expense ratio improved 1.2 percentage points to 33.4%, from 34.6% in the prior-year quarter.

• Annualized return on equity of 35.1% for the third quarter of 2026 and 36.1% year to date, with stockholders’ equity at September 30, 2026 up 37.0% from September 30, 2025.

• Book value per share of $20.22, up 23.4% from year-end 2025 and 42.9% from the prior-year quarter.

• Debt-to-capital ratio improved to 10.5% from 15.3% in the prior-year quarter.

• Repurchased 1,101,508 shares of common stock at a cost of $27.9 million in 2026.

Ernie Garateix, Heritage’s CEO, commented, “Several years ago, we implemented a strategy of long-term sustainability which includes a focus on improving profitability, strengthening the balance sheet, and reducing volatility in our financial results. Today, we are generating record earnings, producing substantial capital and are positioned well to continue our momentum into the future. We believe Heritage has proven to be a stronger, better diversified and more resilient business, operating as a super-regional insurance carrier. We have the ability to opportunistically deploy capital across multiple geographies, products and distribution channels, which allows us to allocate capital to the most attractive risk-adjusted return opportunities while maintaining the underwriting discipline that has defined our transformation.”

Mr. Garateix continued, “Our third quarter results demonstrate our earnings resilience as we absorbed higher weather losses and still modestly grew earnings per share. Despite the significant progress that we have made transforming our business and building the sustainable earnings power of the Company, we believe our full value has yet to be realized. As a result, we have repurchased more than one million shares of our common stock year to date. Additionally, our expanding geographic reach and the capabilities we have built position Heritage to capitalize on selective growth opportunities across our markets while remaining selective in areas where competition has intensified.”

Strategic Profitability Initiatives

The Company’s core strategic initiatives remain in place:

• Generating underwriting profit through rate adequacy and continued selective underwriting.

• Allocating capital to products and geographies that maximize long-term returns.

• Targeting a balanced and diversified portfolio.

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Exhibit 99.1

The Company continues to focus on the following profitability initiatives:

• Target geographies for new business, while closely managing risk and exposure.

• Continue persistent underwriting discipline and focus on rate adequacy while driving prudent top line growth.

• Enhance data-driven analytics using AI and other technology tools.

• Continue the refinement of customer service and claims capabilities.

• Leverage infrastructure and capabilities to foster future growth, which includes our entry to the State of Texas on an excess and surplus lines basis.

• Act as opportunities emerge which will continue our diversification and expansion over the next several years.

• Expand our relationship with reinsurance partners to expand capacity and manage volatility while pursuing growth.

Capital Management

During the third quarter of 2026, the Company repurchased an aggregate of 100,000 shares of common stock for approximately $3.3 million under the previously announced share repurchase program and has repurchased 1,1

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EX-99.1

Exhibit 99.1

Heritage Reports Second Quarter 2026 Results

Tampa, FL – August 5, 2026: Heritage Insurance Holdings, Inc. (NYSE: HRTG) (“Heritage” or the “Company”), a super-regional property and casualty insurance holding company, today reported second quarter of 2026 financial results.

Second Quarter 2026 Result Highlights

• Record second quarter net income of $61.7 million, an increase of 28.5% from net income of $48.0 million in the prior-year quarter.

• Earnings per share increased 32.3% to $2.05 per diluted share in the second quarter, as compared to $1.55 per diluted share in the prior-year quarter.

• Year-to-date net income of $98.2 million and earnings per share of $3.23 per diluted share, up from $78.5 million and $2.54 per diluted share for the six months ended June 30, 2025.

• Total revenue increased 3.0% to $214.2 million from $208.0 million in the prior-year quarter.

• Net loss ratio improved 8.1 percentage points to 30.4%, from 38.5% in the prior-year quarter.

• Net combined ratio improved by 8.0 percentage points to 64.9%, from 72.9% in the prior-year quarter.

• Annualized return on average equity of 45.4% for the second quarter with shareholders’ equity up 48.1% year-over-year.

• Book value per share increased to $19.09 which is an increase of 16.5% from year end 2025 and was up 54.5% from the prior-year quarter.

• Second quarter cash flow from operations of $166.5 million, an increase of 277% as compared to the prior-year quarter.

• Repurchased 1,001,508 shares of common stock at a cost of $24.6 million in 2026.

• Started writing business in Texas on a surplus lines basis.

Ernie Garateix, Heritage’s CEO, commented, “Several years ago, our focus was on improving profitability, strengthening the balance sheet, and reducing volatility in our financial results. Today, we are generating record earnings, producing substantial excess capital and beginning to see encouraging signs that the foundation we have built can support future growth. We believe Heritage has evolved into a stronger, more diversified and more resilient business, operating as a super-regional insurance carrier with opportunities to deploy capital across multiple geographies, products and distribution channels. That flexibility allows us to dynamically allocate capital to the most attractive risk-adjusted return opportunities while maintaining the underwriting discipline that has defined our transformation.”

Mr. Garateix continued, “Despite the significant progress we have made over the last several years, we do not believe our current valuation fully reflects the strength of our earnings profile, the durability of our results, or the growth opportunities ahead. As a result, we have repurchased more than one million shares of our common stock year to date because we believe our shares continue to trade below intrinsic value, while we are also still preserving substantial capacity to support future growth. Despite increased competition across many markets, our analytics, team and infrastructure position Heritage to grow prudently while sustaining profitability and underwriting discipline.”

Strategic Profitability Initiatives

These initiatives will remain in place while the Company also expands its strategy to include its 2026 initiatives:

• Generating underwriting profit through rate adequacy and continued selective underwriting.

• Allocating capital to products and geographies that maximize long-term returns.

• Targeting a balanced and diversified portfolio.

To continue its progress, the Company expects to also focus on the following profitability initiatives in 2026:

• Target geographies for new business, while closely managing risk and exposure.

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Exhibit 99.1

• Continue persistent underwriting discipline and focus on rate adequacy while driving prudent top line growth.

• Enhance data driven analytics using AI and other technology tools.

• Continue the refinement of customer service and claims capabilities.

• Leverage infrastructure and capabilities to foster future growth, which includes our entry to the State of Texas on an excess and surplus lines basis.

• Act as opportunities emerge which will continue our diversification and expansion over the next several years.

• Expand our relationship with reinsurance partners to expand capacity and manage volatility while pursuing growth.

Capital Management

The Board of Directors has continued the suspension of the Company's quarterly dividend as it prioritizes strategic growth opportunities and will reassess dividend distributions each quarter. On May 7, 2026, the Board authorized a new $50.0 million share repurchase program, replacing the prior authorization effective through December 31, 2026. During the second quarter of 2026, the Company repurchased in aggregate 631,024 shares for approximately $14.6 million under the share repurchase programs and has repurchased 1,001,508 shares for approximately $24.6

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EX-99.1

Exhibit 99.1

Heritage Reports First Quarter 2026 Results

Tampa, FL – May 7, 2026: Heritage Insurance Holdings, Inc. (NYSE: HRTG) (“Heritage” or the “Company”), a super-regional property and casualty insurance holding company, today reported first quarter of 2026 financial results.

First Quarter 2026 Result Highlights

• Heritage reported record first quarter net income of $36.5 million, an increase of 19.7% from net income of $30.5 million in the prior year quarter; and earnings per share of $1.19 per diluted share, an increase of 20.2% from $0.99 per diluted share in the prior year quarter.

• Gross and Net premiums earned were consistent with the prior year quarter.

• Net loss ratio improved 3.8 percentage points to 45.9%, from 49.7% in the prior year quarter.

• Net combined ratio improved by 3.5 percentage points to 81.0%, from 84.5% in the prior year quarter.

• Return on average equity of 28.5% with average equity up 65.5% from the prior year quarter.

• Book value per share increased 4.6% from year end 2025 and was up 61.5% from the first quarter of 2025.

• First quarter cash flow from operations of $24.9 million.

• Through the date of this earnings release, repurchased 446,884 shares of common stock during 2026 at a cost of $12.0 million.

• On track to start writing business in Texas on a surplus lines basis.

• Four new products rolled out in Q1 with six additional products slated to launch in the second half of 2026.

Ernie Garateix, Heritage’s CEO, commented, “Our first quarter was the most profitable first quarter for the Company since becoming public in 2014. Our net loss ratio was also the lowest delivered in a first quarter since 2015 even with $37 million of weather related losses in the quarter. These results were derived from the consistent application of our strategic profitability initiatives established several years ago that focused on rate adequacy and underwriting discipline, allocating capital to products and geographies that maximize long-term returns, and targeting a balanced and diversified portfolio.”

Mr. Garateix, continued, “As our strategic initiatives have taken hold, we have re-opened over 90% of our geographies as they have become rate adequate and through our disciplined underwriting program, the quality of the book of business has greatly improved. This strategy is delivering results with new business written rising 62.7% from the first quarter of 2025 and over 30.0% from fourth quarter of 2025. We have expanded geographically, added products, enhanced our data analytics and demonstrated our ability to perform during adverse weather and challenging market conditions. We are also extremely well positioned to take advantage of any market disruptions or emerging opportunities. With our capabilities and financial strength, we will focus on evaluating and allocating capital to profitable products or geographies and we are positioned to expand organically or as accretive business opportunities arise.”

Strategic Profitability Initiatives

The Company has focused on three main strategic initiatives aimed at achieving consistent long-term quarterly earnings and driving shareholder value, which include:

• Generating underwriting profit through rate adequacy and more selective underwriting.

• Allocating capital to products and geographies that maximize long-term returns.

• Targeting a balanced and diversified portfolio.

These three initiatives will remain in place while we also expand our strategy to include our 2026 initiatives. To continue executing on these three strategic initiatives throughout 2026, the Company expects to focus on the following profitability initiatives:

• Target geographies open for new business, while closely managing risk and exposure.

• Continue persistent underwriting discipline and focus on rate adequacy while driving prudent top line growth.

• Enhance data driven analytics using AI and other technology tools.

Exhibit 99.1

• Continue the refinement of customer service and claims capabilities.

• Leverage infrastructure and capabilities to foster future growth, which includes our plan to enter the State of Texas on an excess and surplus lines basis.

• Act as opportunities emerge which will continue our diversification and expansion over the next several years.

• Expand our relationship with reinsurance partners to expand capacity, manage volatility while pursuing growth.

Capital Management

Heritage's Board of Directors has decided to continue its suspension of the quarterly shareholder dividend to prioritize strategic growth. The Board of Directors will continue to evaluate dividend distributions on a quarterly basis. The Company repurchased 446,484 shares of common stock during 2026 through the current date, at a cost of $12.0 million under the Company's previously announced share repurchase authorization, which authorized the repurchase of up to an aggregate of $25.0 million of common sto