Heritage falls to $49.2mn Q4 loss on $60.5mn goodwill write-down
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
Insurance Insider US is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Heritage falls to $49.2mn Q4 loss on $60.5mn goodwill write-down

Heritage Insurance logo without bar jt.jpg

Heritage fell to a Q4 net loss of $49.2mn, compared to net income of $2.8mn in Q4 2020, after taking a $60.5mn goodwill write-down.

Heritage said the write-down related to its annual valuation review and “prevailing stock valuation multiples” in the market. It also benefited from a large tax benefit in the prior-year quarter.

Cat

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Gift this article