Heritage Insurance reported record second-quarter net income of $61.7 million, or $2.05 per diluted share, up from $48 million a year earlier. The annualized return on average equity reached 45.4%, while the net loss ratio improved to 30.4% and the combined ratio to 64.9%, aided by lower weather losses and $23.4 million in favorable reserve development. The company secured more than $2.2 billion of catastrophe reinsurance limit, expected to generate approximately $63 million in annualized savings, and repurchased over 1 million shares during the first half. Book value per share rose 16.5% from year-end 2025 to $19.09.
Heritage Insurance Hldgs IncRecord Q2 net income, improved combined ratio, and share repurchases indicate strong financial performance.
