Heritage Insurance Holdings Inc. reported third quarter 2025 net income of $50.4 million, or $1.63 per diluted share, up from $8.2 million, or $0.27 per diluted share, in the same quarter of 2024. Gross premiums earned increased by 2.2% to $362.0 million, while net premiums earned decreased by 1.9% to $195.1 million compared to the prior year quarter. The net loss ratio improved to 38.3% from 65.4%. New business premium written for the quarter was $36.3 million, a 166% increase from $13.7 million in the third quarter of 2024. Book value per share rose to $14.15 at September 30, 2025, up 48.9% from December 31, 2024. The company's board continues the suspension of the quarterly shareholder dividend to prioritize strategic growth. Nearly all territories were open for new business at the start of the third quarter, and the company received 23 rate approvals year to date.