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

Liz Bury
08 March 2022
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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.

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Topics

Heritage Insurance Claims and losses News Stocks Catastrophe losses
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