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

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.

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