Stock Analysis

Heritage Insurance Holdings Full Year 2022 Earnings: Revenues Beat Expectations, EPS Lags

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Heritage Insurance Holdings (NYSE:HRTG) Full Year 2022 Results

Key Financial Results

  • Revenue: US$662.5m (up 4.9% from FY 2021).
  • Net loss: US$154.4m (loss widened by 107% from FY 2021).
  • US$5.86 loss per share (further deteriorated from US$2.69 loss in FY 2021).

HRTG Profitability Indicators

  • Combined ratio: 114.3% (up from 104.6% in FY 2021).
NYSE:HRTG Earnings and Revenue History March 17th 2023

All figures shown in the chart above are for the trailing 12 month (TTM) period

Heritage Insurance Holdings Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 13%.

Looking ahead, revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Insurance industry in the US.

Performance of the American Insurance industry.

The company's shares are down 11% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Heritage Insurance Holdings that you should be aware of.

What are the risks and opportunities for Heritage Insurance Holdings?

Heritage Insurance Holdings, Inc., through its subsidiaries, provides personal and commercial residential insurance products.

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  • Earnings are forecast to grow 147.63% per year


  • Does not have a meaningful market cap ($74M)

  • Volatile share price over the past 3 months

View all Risks and Rewards

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Heritage Insurance Holdings

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