hrtg: the income statement

MyFinsight

Heritage Insurance Holdings, Inc. (HRTG)

For the quarter ending 2025-06-30, HRTG made $214,107K in revenue. $52,649K in net income. Net profit margin of 24.59%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

	2025-06-30	2024-09-30	2024-06-30
Net investment income	-	10,572	10,631
Less investment expenses	-	771	862
Total revenues	208,035	211,849	203,571
General and administrative expenses, net of ceding commission income	24,399	21,572	22,780
Losses and loss adjustment expenses	75,620	130,020	105,928
Policy acquisition costs, net of ceding commission income	43,146	48,508	47,224
Total expenses	143,165	200,100	175,932
Operating income	64,870	11,749	27,639
Interest expense, net	1,880	2,755	2,780
Income before income taxes	62,990	8,994	24,859
Income tax expense	14,966	842	5,990
Net income	48,024	8,152	18,869
Reclassification adjustment for net realized investment gains	4	6	12
Income tax expense related to items of other comprehensive income	1,443	4,666	216
Change in net unrealized gains on investments	6,072	19,711	924
Total comprehensive income	52,649	23,191	19,565

Basic (in dollars per share)	1.55	0.27	0.62
Basic (in shares)	31,004,218	30,684,198	30,649,732
Diluted (in dollars per share)	1.55	0.27	0.61
Diluted (in shares)	31,063,481	30,743,461	30,708,995

Unit: Thousand (K) dollars (except for numbers of shares and EPS)