Quarterly ResultMay 8, 2026, 01:07 PM
Heritage Insurance Q1 Net Income +19.7% to $36.5M; EPS $1.19
AI Summary
Heritage Insurance Holdings, Inc. reported a strong first quarter for 2026, with net income increasing by 19.7% to $36.5 million and diluted earnings per share rising to $1.19. The company saw an increase in total revenues and a notable decrease in losses and loss adjustment expenses, contributing to a significant improvement in operating income and cash flow from operations. Additionally, the company conducted a $10.0 million stock buyback during the quarter.
Key Highlights
- Net income increased 19.7% to $36.5 million for Q1 2026, up from $30.5 million in Q1 2025.
- Diluted earnings per share rose 20.2% to $1.19 in Q1 2026, compared to $0.99 in Q1 2025.
- Total revenues for Q1 2026 were $212.7 million, a slight increase from $211.5 million in Q1 2025.
- Losses and loss adjustment expenses decreased by 7.8% to $91.6 million in Q1 2026.
- Operating income grew 19.8% to $50.8 million for Q1 2026.
- Net cash provided by operating activities significantly increased to $24.9 million in Q1 2026 from $0.8 million in Q1 2025.
- The company executed a stock buyback of $10.0 million during Q1 2026.
- Total stockholders' equity increased to $520.4 million at March 31, 2026, from $505.3 million at December 31, 2025.
Price Impact
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