HRTG - Heritage Insurance Non-GAAP EPS of -$1.83 misses by $0.77 revenue of $165.49M beats by $2.88M

• Heritage Insurance press release ( NYSE: HRTG ): Q3 Non-GAAP EPS of -$1.83 misses by $0.77 .
• Revenue of $165.49M (-1.1% Y/Y) beats by $2.88M .
• Gross premiums written of $304.5 million, up 11.1% from $274.2 million in the prior year quarter.
• Gross premiums earned of $308.0 million, up 4.6% from $294.4 million in the prior year quarter.
• Net earned premiums of $159.7 million, down 1.7% from $162.4 million in the prior year quarter.
• Ceded premium ratio of 48.1%, up 3.3 points from 44.8% in the prior year quarter.
• Net loss ratio of 97.6%, 17.8 points higher than the prior year quarter of 79.8%.
• Net expense ratio of 35.7%, up 3.0 points from the prior year quarter amount of 32.7%.
• Net combined ratio of 133.3%, up 20.8 points from 112.5% in the prior year quarter.

For further details see: