Heritage Insurance expects Q4 to be its best earnings quarter of the year

Q4 results includes an estimated $57.0M impact from Hurricane Milton in Q4 2024, which includes retained catastrophe losses of $40.0M and a net reinstatement premium of $17.0M. Lower than anticipated non-catastrophe accident year losses had a favorable impact on the quarter. As of January 21, 2025, the company had settled over 9,000 2024 hurricane claims and has paid over $140M for those claims. The company has also closed approximately 90% of the hurricane claims reported in 2024.