Heritage widens Q3 net loss to $16.4mn

November 05, 2021

Florida-headquartered insurer Heritage fell to a $16.4mn loss in Q3, widening its loss from the $5.2mn downturn reported last year, due to lower realized capital gains and ongoing underwriting losses.

Premiums: The carrier’s top line shrank by 1.5% year-on-year to $274.2mn for the quarter, with ceded premiums rising 13% to $132.0mn

However,

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