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H HERITAGEⓇ INSURANCE Heritage Reports Third Quarter 2021 Results Clearwater , FL November 4 , 2021 : Heritage Insurance Holdings , Inc. ( NYSE : HRTG ) ( “ Heritage " or the " Company " ) , a super - regional property and casualty insurance holding company , today reported third quarter 2021 financial results . Third Quarter 2021 Highlights Net loss of $ 16.4 million , or $ 0.59 per diluted share . Book value per share of $ 14.57 , down 4.1 % from second quarter 2021 and 8.8 % year - over - year . Gross premiums written of $ 274.2 million , down 1.5 % year - over - year , reflecting planned exposure management . Favorable prior year reserve development of $ 0.8 million . Net current accident quarter weather losses of $ 51.4 million , up from $ 47.3 million in the prior year quarter . Current accident quarter weather losses include $ 16.0 million of net catastrophe losses , down from $ 24.5 million in the prior year quarter , and $ 35.5 million of net other weather losses , up from $ 22.8 million in the prior year quarter . Repurchased 148,109 shares for $ 1.0 million at an average price of $ 6.78 per share . Total capital returned to shareholders of $ 2.7 million , including $ 0.06 per share regularly quarterly dividend . Ernie Garateix , the Company's CEO , said , " While we were disappointed with the loss in the quarter , I'm encouraged by underlying signs of improvement that I expect will continue next quarter and throughout 2022. For example , year over - year premiums - in - force growth significantly outpaced policies - in - force growth . " 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 January 6 , 2022 to shareholders of record as of December 15 , 2021 . COVID - 19 Update We continue to monitor the short- and long - term impacts of the COVID - 19 virus and its variants . For the year ended December 31 , 2020 , we saw negligible impact to our business , and that trend has continued through the third quarter of 2021. As a residential property insurer , we view our business revenue as somewhat insulated because property owners and renters generally view our products as a necessity . The majority of our gross and net premiums written are from renewals of expiring policies . New business , which accounts for a smaller portion of our revenue , may be impacted if consumers are not buying as many new homes in our geographies , but this could be partially or fully offset by increased retention in our renewal portfolio . In a prolonged recessionary and social - distancing environment , we could experience disruptions to our independent agency distribution channel , which may have a negative impact on our revenues and financial condition . Changes in the cost of materials and labor for home repairs can influence our loss costs associated with claims . The Company has implemented return - to - office and hybrid programs , with the latter including a combination of in - office and remote work . 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 .