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H HERITAGE INSURANCE Heritage Reports Second Quarter 2021 Results Clearwater , FL - August 5 , 2021 : Heritage Insurance Holdings , Inc. ( NYSE : HRTG ) ( “ Heritage ” or the " Company " ) , a super - regional property and casualty insurance holding company , today reported second quarter 2021 financial results . Second Quarter 2021 Highlights • Net loss of $ 4.0 million , or $ 0.14 per share . • Book value per share of $ 15.20 , down 0.8 % from first quarter 2021 . • • • • Gross premiums written of $ 337.7 million , up 16.3 % year - over - year . Favorable prior year reserve development of $ 0.6 million . Net current accident quarter weather losses of $ 35.5 million , up from $ 26.8 million in the prior year quarter . Current accident quarter weather losses include $ 24.5 million of net catastrophe losses , up from $ 17.6 million in the prior year quarter , and $ 11.0 million of other weather losses , up from $ 9.2 million in the prior year quarter . Additional ceded premium of $ 9.4 million , reflecting reinstatement of severe convective storm reinsurance coverage , which contributed 6.3 points to the net combined ratio . Total capital returned to shareholders of $ 1.7 million , reflecting $ 0.06 per share regular quarterly dividend . Ernie Garateix , the Company's CEO , said , " I'm encouraged that despite a $ 9.4 million reinstatement premium in the quarter and a $ 4.1 million uptick in weather losses relative to the first quarter of this year , net income improved sequentially , suggesting the benefits of our underwriting and pricing actions are starting to show . Quarterly Dividend Heritage's Board of Directors declared a quarterly cash dividend of $ 0.06 per share on the Company's common stock . The dividend will be paid on October 6 , 2021 to shareholders of record as of September 15 , 2021 . COVID - 19 Update We continue to monitor the short- and long - term impacts of COVID - 19 , and through June 30 , 2021 , we continue to see virtually no impact to our business . As a residential property insurer , we view our business as relatively insulated from a short - term economic slowdown , as property owners and renters generally view our products as a necessity . While we acknowledge uncertainties associated with future economic conditions , we do not expect a material impact to our business going forward . We will continue to monitor economic conditions and , in the case of a prolonged economic slowdown as a result of COVID - 19 or its variants , will take necessary actions to mitigate any negative impacts to our business , operations or financial results .