Core Insights - The author possesses a strong academic background in economics and politics, focusing on economic development, and has 36 years of executive management experience in the insurance and reinsurance sectors, particularly in Global and Asia Pacific markets, as well as expertise in climate change and ESG [1]. Group 1 - The author has extensive knowledge in the insurance and reinsurance industries, indicating a deep understanding of market dynamics and trends [1]. - The author's experience spans over three decades, suggesting a wealth of insights into economic development and its implications for investment opportunities [1].

PART I – FINANCIAL INFORMATION This section presents the unaudited financial statements, management's discussion, market risk disclosures, and controls and procedures [Item 1. Unaudited Financial Statements](index=6&type=section&id=Item%201%20Unaudited%20Financial%20Statements) The unaudited condensed consolidated financial statements for Heritage Insurance Holdings, Inc. as of June 30, 2025, show an increase in total assets to **$2.54 billion** and a significant rise in total stockholders' equity to **$383.3 million** [Condensed Consolidated Balance Sheets](index=6&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) This section presents the company's financial position, highlighting assets, liabilities, and equity at specific dates Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | June 30, 2025 (unaudited) | December 31, 2024 | | :--- | :--- | :--- | | **Total Assets** | **$2,536,755** | **$2,468,924** | | Total Investments | $671,329 | $663,443 | | Cash and cash equivalents | $473,465 | $452,666 | | Reinsurance recoverable on paid and unpaid claims | $524,045 | $740,204 | | **Total Liabilities** | **$2,153,453** | **$2,178,124** | | Unpaid losses and loss adjustment expenses | $713,183 | $1,042,687 | | Unearned premiums | $762,235 | $702,707 | | Reinsurance payable | $502,280 | $227,060 | | Long-term debt, net | $92,361 | $116,319 | | **Total Stockholders' Equity** | **$383,302** | **$290,799** | [Condensed Consolidated Statements of Operations and Other Comprehensive Income](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations%20and%20Other%20Comprehensive%20Income) This section details the company's revenues, expenses, and net income over specific reporting periods Condensed Consolidated Statements of Operations Highlights (in thousands, except per share data) | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | :--- | :--- | | Gross premiums written | $410,968 | $424,530 | $766,965 | $781,214 | | Net premiums earned | $196,316 | $190,316 | $396,350 | $369,742 | | Total revenues | $208,035 | $203,571 | $419,554 | $394,873 | | Losses and loss adjustment expenses | $75,620 | $105,928 | $175,027 | $207,963 | | Total expenses | $143,165 | $175,932 | $312,248 | $344,530 | | **Net income** | **$48,024** | **$18,869** | **$78,498** | **$33,094** | | **Diluted EPS** | **$1.55** | **$0.61** | **$2.54** | **$1.08** | [Condensed Consolidated Statements of Stockholders' Equity](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Stockholders'%20Equity) This section outlines changes in the company's equity, including net income and other comprehensive income - Total stockholders' equity increased from **$290.8 million** at December 31, 2024, to **$383.3 million** at June 30, 2025. The growth was primarily driven by net income of **$78.5 million** for the six-month period[19](index=19&type=chunk) - Accumulated other comprehensive loss improved (became less negative) from **$(28.6) million** at the end of 2024 to **$(17.5) million** at June 30, 2025, mainly due to net unrealized gains on investments[19](index=19&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=9&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) This section summarizes the cash inflows and outflows from operating, investing, and financing activities Condensed Consolidated Statements of Cash Flows Highlights (in thousands) | Cash Flow Activity | For the Six Months Ended June 30, 2025 | For the Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $44,129 | $156,538 | | Net cash provided by (used in) investing activities | $3,256 | $(138,662) | | Net cash (used in) provided by financing activities | $(24,098) | $671 | | **Increase in cash, cash equivalents, and restricted cash** | **$23,287** | **$18,547** | | **Cash, cash equivalents and restricted cash, end of period** | **$486,932** | **$491,886** | [Notes to Unaudited Condensed Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) This section provides additional details and explanations for the financial statements, including significant accounting policies and subsequent events - The company operates as a single reportable segment: residential property insurance[29](index=29&type=chunk)[138](index=138&type=chunk) - The company's reinsurance program for 2025-2026 provides first event coverage up to **$1.6 billion** for Heritage P&C, **$1.1 billion** for NBIC, and **$865.0 million** for Zephyr. The total available limit for 2025 is an aggregate of **$3.75 billion**[79](index=79&type=chunk)[80](index=80&type=chunk) - Subsequent to the quarter end, on July 22, 2025, the company amended and restated its credit agreement, increasing the total senior secured credit facilities to **$200.0 million**. On July 23, 2025, the company sold its Clearwater property for **$16.0 million**, anticipating a pre-tax gain of approximately **$2.5 million**[142](index=142&type=chunk)[143](index=143&type=chunk)[145](index=145&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=39&type=section&id=Item%202%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses strong Q2 2025 results, with net income of **$48.0 million** and an improved net combined ratio of **72.9%**, driven by rate actions and lower losses [Overview of Financial Results](index=41&type=section&id=Overview%20of%20Financial%20Results) This section provides a high-level summary of the company's financial performance for the reporting period - Q2 2025 net income was **$48.0 million** (**$1.55** per diluted share), up from **$18.9 million** (**$0.61** per diluted share) in Q2 2024. The improvement is attributed to rate actions, underwriting actions, and targeted exposure management[160](index=160&type=chunk) - The net combined ratio for Q2 2025 improved to **72.9%**, a **19.6 point** improvement from **92.5%** in the prior year quarter, driven by a lower net loss ratio (**38.5%** vs **55.7%**) and a lower net expense ratio (**34.4%** vs **36.8%**)[160](index=160&type=chunk)[181](index=181&type=chunk) [Results of Operations](index=42&type=section&id=Results%20of%20Operations) This section provides a detailed analysis of the company's revenues, expenses, and profitability drivers Comparison of Key Metrics (Q2 2025 vs Q2 2024) | Metric | Q2 2025 (Million USD) | Q2 2024 (Million USD) | % Change | | :--- | :--- | :--- | :--- | | Gross Premiums Written | $411.0 | $424.5 | (3.2)% | | Net Premiums Earned | $196.3 | $190.3 | 3.2% | | Losses and LAE | $75.6 | $105.9 | (28.6)% | | Net Income | $48.0 | $18.9 | 154.5% | Comparison of Key Metrics (Six Months 2025 vs 2024) | Metric | 6M 2025 (Million USD) | 6M 2024 (Million USD) | % Change | | :--- | :--- | :--- | :--- | | Gross Premiums Written | $767.0 | $781.2 | (1.8)% | | Net Premiums Earned | $396.4 | $369.7 | 7.2% | | Losses and LAE | $175.0 | $208.0 | (15.8)% | | Net Income | $78.5 | $33.1 | 137.2% | - Losses and LAE for Q2 2025 decreased **28.6%** year-over-year, driven by lower attritional losses, favorable prior year loss development of **$2.3 million** (compared to adverse development of **$8.7 million** in Q2 2024), and lower weather losses[172](index=172&type=chunk) [Financial Condition and Liquidity](index=51&type=section&id=Financial%20Condition%20and%20Liquidity) This section assesses the company's financial health, capital structure, and ability to meet short-term and long-term obligations - Total shareholders' equity increased by **$92.5 million** to **$383.3 million** at June 30, 2025, from **$290.8 million** at December 31, 2024, primarily due to net income and a reduction in unrealized investment losses[215](index=215&type=chunk) - Long-term debt decreased by **$24.0 million** to **$92.4 million** at June 30, 2025, from **$116.3 million** at year-end 2024, mainly due to the payoff of a **$19.2 million** FHLB-ATL loan in March 2025[214](index=214&type=chunk)[222](index=222&type=chunk) - The company's credit agreement was amended and restated on July 22, 2025, increasing the term loan facility to **$75 million**, adding a **$75 million** delayed draw term loan, and extending the maturity to July 2030[224](index=224&type=chunk) [Item 3. Quantitative and Qualitative Disclosures about Market Risk](index=59&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) Market risk exposure primarily involves interest rate and credit risk, with a portfolio duration of **3.0 years** and an A+ weighted-average credit rating - The duration of the company's financial instruments subject to interest rate risk was **3.0 years** at June 30, 2025, compared to **3.1 years** at December 31, 2024[249](index=249&type=chunk) - Credit risk is managed through a high-quality portfolio; the weighted-average credit quality rating of the fixed maturity securities portfolio was **A+** as of June 30, 2025[249](index=249&type=chunk) [Item 4. Controls and Procedures](index=59&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of June 30, 2025, with no material changes in internal controls - Based on an evaluation as of the end of the period, the Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures were effective as of June 30, 2025[252](index=252&type=chunk) - There were no changes in internal controls over financial reporting during the quarter that materially affected, or are reasonably likely to materially affect, these controls[253](index=253&type=chunk) PART II – OTHER INFORMATION This section covers legal proceedings, risk factors, equity sales, other information, and exhibits [Item 1. Legal Proceedings](index=60&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in routine legal proceedings not expected to materially impact its financial condition or operations - The company is subject to routine legal proceedings in the ordinary course of business, which are not expected to have a material adverse effect on its business or financial condition[254](index=254&type=chunk) [Item 1A. Risk Factors](index=60&type=section&id=Item%201A.%20Risk%20Factors) No material changes to the company's risk factors have occurred since the 2024 Annual Report on Form 10-K filing - No material changes have occurred in the company's risk factors since the filing of the 2024 Annual Report on Form 10-K[255](index=255&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=60&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This item is not applicable for the reporting period [Item 5. Other Information](index=60&type=section&id=Item%205.%20Other%20Information) Chairman, CEO, and CFO adopted Rule 10b5-1 trading plans for pre-arranged sales of company common stock during Q2 2025 - During Q2 2025, the Chairman, CEO, and CFO each adopted a Rule 10b5-1 trading plan for selling shares of the company's common stock[256](index=256&type=chunk) - The plans provide for the potential sale of up to **250,000 shares** by the Chairman, **100,000 shares** by the CEO, and **60,000 shares** by the CFO, subject to certain conditions[256](index=256&type=chunk)[257](index=257&type=chunk) [Item 6. Exhibits](index=60&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Quarterly Report on Form 10-Q, including CEO and CFO certifications

Core Insights - Heritage Insurance reported a significant increase in profitability for Q2 2025, with GAAP earnings per share reaching $1.55, surpassing analyst estimates of $1.01, while total revenue was slightly below expectations at $208.0 million [1][2] - The company experienced a year-over-year net income increase of over 154%, reflecting strong execution in core underwriting and expense strategies despite modest revenue growth [1][5] Financial Performance - GAAP EPS for Q2 2025 was $1.55, a 154.1% increase from $0.61 in Q2 2024 [2] - Total revenue was $208.0 million, missing the estimate of $212.1 million [2] - Net income (GAAP) reached $48.0 million, up from $18.9 million in the prior year [5] - The net combined ratio improved to 72.9%, down from 92.5%, indicating better risk selection and cost management [5][7] Operational Efficiency - The net loss ratio improved to 38.5% from 55.7%, aided by less severe weather and favorable reserve developments [7] - The net expense ratio decreased from 36.8% to 34.4%, reflecting ongoing focus on rate adequacy and targeted exposure management [7] - Claims management and customer service remained priorities, with net weather losses for the period at $12.5 million, down from the previous year [8] Business Strategy - Heritage Insurance focuses on underwriting and selling property and casualty insurance, primarily in hurricane-prone regions like Florida [3] - The company emphasizes underwriting discipline and advanced data analytics to refine pricing and risk selection [4] - A robust reinsurance strategy helps mitigate exposure to catastrophic events, with a slight decrease in the ceded premium ratio [10] Market Trends - The company saw a contraction in policy count, down 11.9% compared to Q2 2024, as it focused on profitable accounts [9] - Despite the decline in policy count, premiums in force grew by 0.5%, indicating higher average policy values [9] - In commercial residential lines, gross premiums written faced competitive pressure, while personal lines showed stabilizing trends [11] Capital Management - Heritage did not pay dividends or repurchase shares in this period, focusing instead on business growth and equity enhancement [12] - Book value per share increased by 48.6% year over year, supported by net income gains and lower unrealized losses in its investment portfolio [12] Future Outlook - Management anticipates more earned rate to run through the portfolio in 2025 than in any prior year, with gradual growth in policies expected in the second half of 2025 [13] - Gross written premium is expected to reaccelerate in the latter half of 2025 as agency capacity reopens [13]

Financial Data and Key Metrics Changes - The company reported net income of $48 million, a significant increase from $18.9 million in the same quarter last year, reflecting a positive trajectory in earnings [4][12] - Gross premiums earned rose to $353.6 million, up 1% from $350.1 million in the prior year quarter, indicating higher gross premiums written due to business growth and rating actions [12] - Net premiums earned increased to $196.3 million, up 3.2% from $190.3 million in the prior year quarter, driven by higher gross premiums earned and a reduction in ceded premiums [13] - The net loss ratio improved by 17.2 points to 38.5% compared to 55.7% in the same quarter last year, reflecting significantly lower net losses [14] - The net combined ratio for the quarter was 72.9%, an improvement of 19.6 points from 92.5% in the prior year quarter, driven by a lower net loss ratio and lower net expense ratio [16] Business Line Data and Key Metrics Changes - The company reunderwrote its personal lines book and implemented necessary rate increases, leading to a steady contraction of over 200,000 policies in force over the last four years [5] - In the second quarter, policies in force decreased by just over 7,700, the smallest decrease since the initiative began in June 2021, indicating a potential inflection point for growth [5] - New business production increased by 46% compared to 2024, reaching the highest level since 2022, with expectations for growth to accelerate in 2026 [6] Market Data and Key Metrics Changes - The company noted strong new business momentum in the Northeast, particularly in New York, and the Mid Atlantic, with Virginia showing strong new business trends [6] - Florida is highlighted as a standalone market with recent legislative reforms positively impacting the economics of writing new, profitable business [7] Company Strategy and Development Direction - The company is focused on a managed growth strategy, aiming to return policies in force to moderate growth in the latter half of the year before accelerating in 2026 [11] - Continued investment in customer service, claims management, and technology resources is emphasized, with an ongoing IT conversion to a Guidewire platform expected to enhance operational efficiency [9] - The company maintains a disciplined underwriting process while opening new territories, which has resulted in a lower net loss ratio this quarter [8] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth opportunities across various regions, citing significant room for expansion and market share growth [7] - The company anticipates a favorable impact on reinsurance pricing in 2026 due to legislative changes in Florida and the maturation of Hurricane Milton's claims [10] - Management reiterated a commitment to long-term profitability, shareholder value, and customer service, driven by a dedicated workforce [11][19] Other Important Information - The company ended the quarter with total assets of $2.5 billion and shareholders' equity of $383.3 million, with book value per share increasing to $12.36, up 30.1% from the previous year [17] - The refinancing of senior credit facilities was completed on favorable terms, increasing the facility to $200 million while extending the maturity to July 2030 [18] Q&A Session Summary Question: Can you discuss the attritional loss trajectory over the last year and through the second quarter? - Management indicated that attritional losses are stabilizing, with frequency continuing to decline and severity running at a modest rate, suggesting a potential leveling off [24][25] Question: How do you see the competition in the market, especially with recent public equity offerings in Florida? - Management noted that agents are enthusiastic about the company's reopening and welcomed responsible competition, although new carriers are primarily focusing on the citizens take-out program [27][28] Question: What are the expected trends for primary rates for the remainder of the year? - Management expects primary rates to trend upward across most geographies, but at a moderated pace due to achieving rate adequacy [30] Question: How has the loss experience been in the Northeast and Mid Atlantic markets? - Management stated that the Northeast is expected to see positive growth, with recent rate approvals aiding the process [32] Question: Can you compare catastrophe and weather losses to prior years? - Management reported a year-over-year decrease in non-catastrophe weather losses, attributing it to improved underwriting performance and better risk management [36] Question: Can you elaborate on prior period development and reserve strengthening? - Management confirmed that some favorable development is due to reserve strengthening from the previous year, indicating a positive trend [38]

Financial Performance - Premiums-in-force increased by 0.5% year-over-year, reaching $1.43 billion in Q2 2025[49] - Total insured value decreased by 4.7% compared to Q2 2024[50] - Policy count decreased by 11.9% compared to Q2 2024, reflecting selective underwriting[50] - Net combined ratio improved significantly, decreasing by 19.6 points to 72.9%[66] - Net loss ratio decreased by 17.2 points to 38.5%, driven by lower net losses and LAE[66] - Earnings before taxes increased by $38.1 million year-over-year to $63.0 million in Q2 2025[64] Strategic Initiatives - The company is shifting towards a controlled growth strategy, leveraging existing infrastructure while focusing on risk management and underwriting[35] - Diversification efforts have resulted in 71.1% of total insured value positioned outside of Florida as of Q2 2025[23] - A new share repurchase plan authorized $10.0 million through December 31, 2025[68] Reinsurance Program - The 2025 CAT XOL limit includes $1.1 billion in the Northeast, $1.6 billion in the Southeast, and $865 million in Hawaii[38]

Core Viewpoint - Heritage Insurance reported a revenue of $208.04 million for the quarter ended June 2025, marking a year-over-year increase of 2.2% and an EPS of $1.55, significantly higher than the $0.61 from the previous year, indicating strong earnings performance despite missing revenue estimates [1]. Financial Performance - The reported revenue of $208.04 million was below the Zacks Consensus Estimate of $212.13 million, resulting in a revenue surprise of -1.93% [1]. - The company achieved an EPS surprise of +50.49%, with the consensus EPS estimate being $1.03 [1]. - Heritage Insurance's shares have returned -8.4% over the past month, contrasting with the Zacks S&P 500 composite's +1% change, reflecting underperformance relative to the broader market [3]. Key Metrics - Ceded Premium Ratio was reported at 44.5%, slightly above the estimated 44.4% [4]. - Combined Ratio stood at 72.9%, significantly better than the average estimate of 83.6% [4]. - Expense Ratio was reported at 34.4%, lower than the average estimate of 35.1% [4]. - Net investment income was $9.03 million, exceeding the average estimate of $8.63 million, but showing a year-over-year decline of -7.5% [4]. - Net premiums earned were $196.32 million, slightly below the average estimate of $200.11 million, reflecting a year-over-year increase of +3.2% [4]. - Other revenue was reported at $2.68 million, below the average estimate of $3.38 million, indicating a year-over-year decrease of -22.8% [4].

Core Viewpoint - Heritage Insurance (HRTG) reported quarterly earnings of $1.55 per share, significantly exceeding the Zacks Consensus Estimate of $1.03 per share, and showing a substantial increase from $0.61 per share a year ago [1][2] Earnings Performance - The earnings surprise for the quarter was +50.49%, following a previous quarter where the company had a surprise of +115.22% by reporting earnings of $0.99 per share against an expectation of $0.46 [2] - Over the last four quarters, Heritage Insurance has consistently surpassed consensus EPS estimates [2] Revenue Analysis - The company reported revenues of $208.04 million for the quarter ended June 2025, which was 1.93% below the Zacks Consensus Estimate, but an increase from $203.57 million year-over-year [3] - Heritage Insurance has exceeded consensus revenue estimates twice in the last four quarters [3] Stock Performance - Since the beginning of the year, Heritage Insurance shares have increased by approximately 75.3%, in contrast to the S&P 500's gain of 7.6% [4] Future Outlook - The company's earnings outlook is crucial for investors, with current consensus EPS estimates at $0.26 for the upcoming quarter and $3.25 for the current fiscal year, alongside expected revenues of $214.11 million and $854.9 million respectively [5][8] - The Zacks Rank for Heritage Insurance is currently 3 (Hold), indicating expected performance in line with the market in the near future [7] Industry Context - The Insurance - Property and Casualty industry is currently ranked in the bottom 42% of over 250 Zacks industries, suggesting that the overall industry outlook may impact the stock's performance [9]

Core Insights - Heritage Insurance Holdings, Inc. reported strong financial results for the second quarter of 2025, highlighting a successful execution of strategic initiatives that have positively impacted earnings since late 2023 [3][12][32] - The company has focused on disciplined underwriting and improving customer service, which has led to significant earnings power and a favorable market position for growth [3][4] Financial Performance - Total revenues for Q2 2025 were $208.0 million, a 2.2% increase from $203.6 million in Q2 2024 [6][30] - Net income reached $48.0 million or $1.55 per diluted share, a substantial increase of 154.5% from $18.9 million or $0.61 per diluted share in the prior year quarter [7][12] - The net loss ratio improved to 38.5%, a 17.2-point decrease from 55.7% in the same quarter last year, reflecting lower losses and better underwriting performance [18][20] Strategic Initiatives - The company has suspended quarterly shareholder dividends to prioritize strategic growth, with ongoing evaluations for future dividend distributions and stock repurchases [5] - Key strategic initiatives include generating underwriting profit through rate adequacy, maintaining a balanced portfolio, and enhancing customer service and claims capabilities [8][4] Underwriting and Premiums - Gross premiums written were $411.0 million, down 3.2% from $424.5 million in the prior year quarter, while gross premiums earned increased by 1.0% to $353.6 million [14][15] - Net premiums earned rose by 3.2% to $196.3 million, driven by higher gross premiums and a reduction in ceded premiums [16][7] Book Value and Equity - Book value per share increased to $12.36 as of June 30, 2025, up 48.6% from $8.32 a year earlier, primarily due to net income and a reduction in unrealized losses on fixed income securities [26][12] - Return on average equity improved to 53.9%, up from 30.8% in the prior year quarter, indicating strong profitability [9][12] Market Position - The company has opened nearly all of its capacity for new business, compared to only 30% a year ago, which has contributed to a 46.3% increase in new business premiums written [3][12] - Premiums-in-force totaled $1.43 billion, reflecting a slight increase of 0.5% compared to $1.42 billion in Q2 2024 [13][24]

Core Insights - Heritage Insurance (HRTG) is anticipated to show improvements in both revenue and earnings for Q2 2025, with revenues expected to reach $212.7 million, reflecting a 4.2% year-over-year increase [1] - The earnings consensus estimate stands at $1.03 per share, indicating a significant year-over-year increase of 68.8% [2] Financial Performance - HRTG has a strong earnings surprise history, having beaten the Zacks Consensus Estimates in the last four quarters with an average surprise of 363.17% [3] - The company’s Earnings ESP is currently at 0.00%, as both the Most Accurate Estimate and the Zacks Consensus Estimate are aligned at $1.03 per share [5] - HRTG holds a Zacks Rank of 3, suggesting a neutral outlook [5] Factors Influencing Q2 Results - The anticipated Q2 results are expected to benefit from rate adequacy, managed exposures, and enhanced underwriting discipline [6] - Gross premiums earned are projected to improve due to rate adequacy and organic growth in various business lines [6] - Net investment income is expected to be positively impacted by a high-quality portfolio of short-duration assets, with a consensus estimate of $8.6 million [7] Profitability and Expense Management - Total revenues are likely to increase due to higher premiums and net investment income [7] - The company’s strategic focus on reducing exposure in unprofitable areas while enhancing its presence in profitable markets is expected to drive profitability [7] - A reinsurance program aimed at prudent exposure management is likely to help manage catastrophe losses [9] - An increase in policy acquisition costs and general administrative expenses is anticipated to affect the net expense ratio, estimated at 35.1 [9] - The combined ratio is expected to improve, driven by a lower loss ratio and expense ratio, with a consensus estimate of 84 [9]

Core Viewpoint - Heritage Insurance Holdings, Inc. will announce its second quarter 2025 financial results on August 5, 2025, with a subsequent conference call on August 6, 2025 [1]. Group 1: Financial Results Announcement - The second quarter 2025 financial results will be released after market close on August 5, 2025 [1]. - A conference call and webcast will take place at 9:00 am ET on August 6, 2025 [1]. Group 2: Conference Call Details - Participants can join the call by dialing 1-888-346-3095 for domestic calls or 1-412-902-4258 for international calls [2]. - Participants should request to join the Heritage Insurance Holdings Second Quarter 2025 Earnings Call [2]. Group 3: Webcast Information - A live audio webcast of the earnings call will be available on the company's investor section of the website [3]. - The call will be archived for replay, and financial information will be routinely posted on the company's investor website [3]. Group 4: Company Overview - Heritage Insurance Holdings, Inc. is a super-regional property and casualty insurance holding company [4]. - The company writes approximately $1.4 billion of gross personal and commercial residential premium across multiple states, including the northeast, southeast, Hawaii, and California [4]. - As a catastrophe-focused property insurer, the company addresses the needs of policyholders affected by wildfires, hurricanes, winter storms, and severe convective storms [4].