Published on 5 May 2024 on GuruFocus.com via Yahoo Finance
Heritage Insurance Holdings Inc (HRTG) Q1 2024 Earnings: Misses EPS Estimates Amid Strategic ...
Total Revenue: $191.3M, up 8.1% year-over-year, surpassing estimates of $189.05M.Net Income: $14.23M, a slight increase of 1.5% from the previous year, falling short of estimates of $16.66M.Earnings per Share (EPS): Reported at $0.47, below the estimated $0.59, representing a decline of 14.5% year-over-year.Book Value per Share: Increased to $7.67, up 26.8% from the same quarter last year.Gross Premiums Written: Rose by 14.9% to $356.68M, indicating strong growth in premium volume.Combined Ratio: Improved slightly to 94.0%, down from 94.5% last year, reflecting better underwriting efficiency.Dividend Policy: Continuation of the suspension of quarterly dividend to shareholders, focusing on capital management.
Warning! GuruFocus has detected 3 Warning Sign with HRTG.