Heritage earnings rise on lower cats, continued favorable development; expense ratio ticks higher
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Heritage earnings rise on lower cats, continued favorable development; expense ratio ticks higher

IPC Research
February 28, 2020
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Heritage reported earnings per share of $0.44 last night, beating analyst estimates of $0.38/sh. The company’s EPS YOY improvement benefited in part from a debt refinancing charge of $11.3mn

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