HRTG Boosts Premiums-in-Force With Mix Shift: Will it Aid Growth?

Key Takeaways HRTG's premiums-in-force rose 3.3% to $1.4B, driven by pricing actions and business mix shift. The company's non-Florida premiums rose 10.1%, while Florida premiums declined 3% due to reduced exposure. HRTG resumed personal lines growth after legislative changes and improved reinsurance market stability.Heritage Insurance Holdings Inc. (HRTG) is a compelling long-term investment case, backed by steady growth in premiums-in-force, which, in turn, is driven by strategic underwriting, evolving ...