Key Takeaways HRTG's net combined ratio improved to 94.2% in 2024, with further improvement in the first half of 2025.The company has raised premiums, tightened underwriting, and diversified geographically.Tech upgrades like Guidewire Cloud and predictive modeling are boosting underwriting precision.Heritage Insurance Holdings’ (HRTG) profitability is underpinned by its combined ratio, a key measure of underwriting performance in the property and casualty (P&C) insurance industry. A combined ratio — defined ...