Heritage Insurance reports Q4 results

• Heritage Insurance press release (NYSE:HRTG): Q4 Non-GAAP EPS of $0.48 beats by $0.64.
• Revenue of $174.59M (+4.7% Y/Y).
• Premiums-in-force of $1.3 billion, up 9.6% year-over-year.
• Gross premiums written of $322.1 million, up 15.5% from $278.8 million in the prior year quarter.
• Gross premiums earned of $317.3 million, up 8.0% from $293.7 million in the prior year quarter.
• Net combined ratio of 96.1%, up 2.9 points from 93.2% in fourth quarter 2022.
• Board of directors has decided to continue its temporary suspension of the quarterly dividend to shareholders.