HRTG on NYSE
Heritage Insurance Holdings, Inc.
American fire company based in Clearwater, incorporated in Delaware.
Price unavailable
Last updated Oct 18, 2026.
Overview
Compare with Employers Holdings Inc, Palomar Holdings, Inc. or HCI Group, Inc., or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
31.5%Operating margin3
23.1%Net margin3
3.7%Revenue growth, 20253
38.7%Return on equity3
0.16×Debt to equity3
$174.2MFree cash flow3
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Selling, general and admin11¢$93.0M
- Other costs58¢$495.1M
- Income tax8¢$63.7M
- Profit23¢$195.6M
Out of $847.3M in revenue.3
Where each dollar of operating cash went, fiscal 2025
- Capital spending4¢$8.1M
- Kept or used elsewhere96¢$174.2M
Out of $182.2M of cash from operations.3
Financial statements
Every line of the income statement as filed: the last 3 fiscal years (annual) or 9 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Gross premiums written | $1.4B | $1.4B | $1.3B |
| Change in gross unearned premiums | -$5.2M | -$26.8M | -$19.5M |
| Gross premiums earned | $1.4B | $1.4B | $1.3B |
| Ceded premiums earned | -$636.9M | -$638.2M | -$626.5M |
| Net premiums earned | $794.2M | $767.9M | $697.2M |
| Net investment income | $37.2M | $36.6M | $25.8M |
| Net realized gains (losses) on debt securities and other investments | $2.7M | -$705.0K | -$972.0K |
| Other revenue | $13.3M | $13.2M | $13.5M |
| Total revenues | $847.3M | $817.0M | $735.5M |
| Losses and loss adjustment expenses | $313.2M | $447.0M | $426.1M |
| Policy acquisition costs | $174.0M | $191.2M | $167.6M |
| General and administrative expenses, net of ceding commission income | $93.0M | $85.1M | $77.8M |
| Intangible asset impairment | $0 | $0 | $767.0K |
| Total expenses | $580.2M | $723.4M | $672.3M |
| Operating income | $267.2M | $93.6M | $63.2M |
| Interest expense | $7.9M | $10.9M | $11.2M |
| Income before income taxes | $259.3M | $82.7M | $52.0M |
| Income tax expense | $63.7M | $21.1M | $6.7M |
| Net income (loss) | $195.6M | $61.5M | $45.3M |
| Change in net unrealized gains on investments | $23.6M | $8.8M | $23.4M |
| Reclassification adjustment for net realized investment losses (gains) | $107.0K | -$51.0K | $636.0K |
| Income tax expense related to items of other comprehensive income | -$5.6M | -$2.1M | -$5.7M |
| Total comprehensive income | $213.6M | $68.2M | $63.6M |
| Basic (in shares) | 30.9M shares | 30.6M shares | 26.2M shares |
| Diluted (in shares) | 30.9M shares | 30.7M shares | 26.3M shares |
| Basic (in dollars per share) | $6.33 | $2.01 | $1.73 |
| Diluted (in dollars per share) | $6.32 | $2.01 | $1.73 |
| Ceding commission income | $73.0M | $50.3M | $64.8M |
| Period ending | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-06-30 |
|---|---|---|---|---|---|---|---|---|---|
| Net premiums earned | $202.7M | $195.1M | $196.3M | $200.0M | $199.3M | $198.8M | $190.3M | $179.4M | |
| Total revenues | $215.3M | $212.5M | $208.0M | $211.5M | $210.3M | $211.8M | $203.6M | $191.3M | |
| Intangible asset impairment | $767.0K | ||||||||
| Total expenses | $125.6M | $142.3M | $143.2M | $169.1M | $178.7M | $200.1M | $175.9M | $168.6M | |
| Operating income | $89.7M | $70.2M | $64.9M | $42.4M | $31.5M | $11.7M | $27.6M | $22.7M | |
| Net income (loss) | $66.7M | $50.4M | $48.0M | $30.5M | $20.3M | $8.2M | $18.9M | $14.2M | |
| Basic (in dollars per share) | $2.16 | $1.63 | $1.55 | $0.99 | $0.66 | $0.27 | $0.62 | $0.47 | |
| Diluted (in dollars per share) | $2.15 | $1.63 | $1.55 | $0.99 | $0.66 | $0.27 | $0.61 | $0.47 |
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Fixed maturities, available-for-sale, at fair value (amortized cost of $726,774 and $692,790) | $713.2M | $655.6M | ||
| Equity securities, at fair value, (cost $1,064 and $1,936) | $1.1M | $1.9M | ||
| Other investments, net | $1.3M | $6.0M | ||
| Total investments | $715.6M | $663.4M | ||
| Cash and cash equivalents | $559.3M | $452.7M | ||
| Restricted cash | $13.3M | $11.0M | ||
| Accrued investment income | $6.6M | $5.6M | ||
| Premiums receivable, net | $95.3M | $102.1M | ||
| Reinsurance recoverable on paid and unpaid claims, net of allowance for credit losses of $175 and $197 | $318.6M | $740.2M | ||
| Prepaid reinsurance premiums | $307.0M | $309.8M | ||
| Deferred income tax asset, net | $5.9M | $13.9M | ||
| Deferred policy acquisition costs, net | $64.5M | $63.2M | $69.3M | $56.9M |
| Property and equipment, net | $28.3M | $38.1M | ||
| Right-of-use lease asset, finance | $12.6M | $15.1M | ||
| Right-of-use lease asset, operating | $4.9M | $5.8M | ||
| Intangibles, net | $30.2M | $36.4M | ||
| Other assets | $33.8M | $11.6M | ||
| Total Assets | $2.2B | $2.5B | ||
| Unpaid losses and loss adjustment expenses | $579.5M | $1.0B | $846.0M | $1.1B |
| Unearned premiums | $707.9M | $702.7M | ||
| Reinsurance payable | $232.8M | $227.1M | ||
| Long-term debt, net | $78.4M | $116.3M | ||
| Advance premiums | $19.2M | $15.2M | ||
| Income taxes payable, net | $4.3M | $846.0K | ||
| Accrued compensation | $8.8M | $8.9M | ||
| Lease liability, finance | $15.6M | $18.1M | ||
| Lease liability, operating | $5.8M | $6.9M | ||
| Accounts payable and other liabilities | $38.3M | $39.4M | ||
| Total Liabilities | $1.7B | $2.2B | ||
| Common stock, $0.0001 par value, 50,000,000 shares authorized, 43,171,585 shares issued and 30,833,776 outstanding at December 31, 2025 and 42,838,713 shares issued and 30,607,039 outstanding at December 31, 2024 | $3.0K | $3.0K | ||
| Additional paid-in capital | $365.7M | $362.6M | ||
| Accumulated other comprehensive income, net of taxes | -$10.6M | -$28.6M | ||
| Treasury stock, at cost, 12,337,809 and 12,231,674 shares December 31, 2025 and 2024, respectively | -$133.2M | -$130.9M | ||
| Retained earnings | $283.2M | $87.7M | ||
| Total Stockholders' Equity | $505.3M | $290.8M | $220.3M | $131.0M |
| Total Liabilities and Stockholders' Equity | $2.2B | $2.5B | ||
| Fixed maturities, available-for-sale, at amortized cost | $726.8M | $692.8M | ||
| Equity securities, cost | $1.1M | $1.9M | ||
| Reinsurance recoverable net of allowance for credit losses | $175.0K | $197.0K | ||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Common stock, shares authorized (in shares) | 50.0M shares | 50.0M shares | ||
| Common stock, shares issued (in shares) | 43.2M shares | 42.8M shares | ||
| Common stock, shares outstanding (in shares) | 30.8M shares | 30.6M shares | ||
| Treasury stock, shares (in shares) | 12.3M shares | 12.2M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Fixed maturities, available-for-sale, at fair value (amortized cost of $726,774 and $692,790) | $713.2M | $655.6M | ||
| Equity securities, at fair value, (cost $1,064 and $1,936) | $1.1M | $1.9M | ||
| Other investments, net | $1.3M | $6.0M | ||
| Total investments | $715.6M | $663.4M | ||
| Cash and cash equivalents | $559.3M | $452.7M | ||
| Restricted cash | $13.3M | $11.0M | ||
| Accrued investment income | $6.6M | $5.6M | ||
| Premiums receivable, net | $95.3M | $102.1M | ||
| Reinsurance recoverable on paid and unpaid claims, net of allowance for credit losses of $175 and $197 | $318.6M | $740.2M | ||
| Prepaid reinsurance premiums | $307.0M | $309.8M | ||
| Deferred income tax asset, net | $5.9M | $13.9M | ||
| Deferred policy acquisition costs, net | $64.5M | $63.2M | $69.3M | $56.9M |
| Property and equipment, net | $28.3M | $38.1M | ||
| Right-of-use lease asset, finance | $12.6M | $15.1M | ||
| Right-of-use lease asset, operating | $4.9M | $5.8M | ||
| Intangibles, net | $30.2M | $36.4M | ||
| Other assets | $33.8M | $11.6M | ||
| Total Assets | $2.2B | $2.5B | ||
| Unpaid losses and loss adjustment expenses | $579.5M | $1.0B | $846.0M | $1.1B |
| Unearned premiums | $707.9M | $702.7M | ||
| Reinsurance payable | $232.8M | $227.1M | ||
| Long-term debt, net | $78.4M | $116.3M | ||
| Advance premiums | $19.2M | $15.2M | ||
| Income taxes payable, net | $4.3M | $846.0K | ||
| Accrued compensation | $8.8M | $8.9M | ||
| Lease liability, finance | $15.6M | $18.1M | ||
| Lease liability, operating | $5.8M | $6.9M | ||
| Accounts payable and other liabilities | $38.3M | $39.4M | ||
| Total Liabilities | $1.7B | $2.2B | ||
| Common stock, $0.0001 par value, 50,000,000 shares authorized, 43,171,585 shares issued and 30,833,776 outstanding at December 31, 2025 and 42,838,713 shares issued and 30,607,039 outstanding at December 31, 2024 | $3.0K | $3.0K | ||
| Additional paid-in capital | $365.7M | $362.6M | ||
| Accumulated other comprehensive income, net of taxes | -$10.6M | -$28.6M | ||
| Treasury stock, at cost, 12,337,809 and 12,231,674 shares December 31, 2025 and 2024, respectively | -$133.2M | -$130.9M | ||
| Retained earnings | $283.2M | $87.7M | ||
| Total Stockholders' Equity | $505.3M | $290.8M | $220.3M | $131.0M |
| Total Liabilities and Stockholders' Equity | $2.2B | $2.5B | ||
| Fixed maturities, available-for-sale, at amortized cost | $726.8M | $692.8M | ||
| Equity securities, cost | $1.1M | $1.9M | ||
| Reinsurance recoverable net of allowance for credit losses | $175.0K | $197.0K | ||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Common stock, shares authorized (in shares) | 50.0M shares | 50.0M shares | ||
| Common stock, shares issued (in shares) | 43.2M shares | 42.8M shares | ||
| Common stock, shares outstanding (in shares) | 30.8M shares | 30.6M shares | ||
| Treasury stock, shares (in shares) | 12.3M shares | 12.2M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $195.6M | $61.5M | $45.3M |
| Stock-based compensation | $5.4M | $3.3M | $1.4M |
| Bond amortization and accretion | -$779.0K | -$2.6M | -$3.5M |
| Amortization of original issuance discount on debt | $363.0K | $857.0K | $469.0K |
| Depreciation and amortization | $12.7M | $9.6M | $8.7M |
| Provision for credit losses | $368.0K | $51.0K | $856.0K |
| Net realized (gains) losses | -$2.7M | $705.0K | $937.0K |
| Deferred income taxes | $2.4M | -$4.8M | $40.0K |
| Goodwill or intangible asset impairment | $0 | $0 | $767.0K |
| Accrued investment income | -$964.0K | -$1.5M | -$251.0K |
| Premiums receivable, net | $6.4M | -$12.7M | $2.4M |
| Prepaid reinsurance premiums | $2.8M | -$15.6M | $12.8M |
| Reinsurance recoverable on paid and unpaid claims | $421.6M | -$257.8M | $322.6M |
| Income taxes receivable | $0 | $13.4M | -$1.2M |
| Deferred policy acquisition costs, net | -$1.3M | $6.1M | -$3.3M |
| Right-of-use asset, net | $3.5M | $3.5M | $3.0M |
| Other assets | -$11.2M | $1.0M | -$1.2M |
| Unpaid losses and loss adjustment expenses | -$463.2M | $196.7M | -$285.9M |
| Unearned premiums | $5.2M | $26.8M | $19.3M |
| Reinsurance payable | $5.7M | $67.2M | -$40.0M |
| Income taxes payable | $3.4M | $846.0K | $0 |
| Debt issuance costs | -$2.2M | $0 | $0 |
| Accrued interest | $121.0K | -$179.0K | -$410.0K |
| Advance premiums | $4.0M | -$8.7M | -$2.6M |
| Accrued compensation | -$82.0K | -$535.0K | $2.9M |
| Lease liability, net | -$3.6M | -$3.4M | -$2.8M |
| Other liabilities | -$1.2M | $3.5M | -$9.9M |
| Net cash provided by operating activities | $182.2M | $87.1M | $70.4M |
| Fixed maturity securities sales, maturities and paydowns | $311.3M | $203.5M | $332.5M |
| Fixed maturity securities purchases | -$344.6M | -$287.0M | -$230.7M |
| Redemption of equity securities | $893.0K | $0 | $0 |
| Return on other investments | $4.7M | $359.0K | $1.1M |
| Other investment sales | $0 | $0 | $8.0M |
| Equity securities reinvestments of dividends | -$21.0K | -$270.0K | -$152.0K |
| Proceeds from the sale of property | $3.2M | $0 | $0 |
| Cost of property and equipment acquired | -$8.1M | -$8.2M | -$9.9M |
| Net cash (used in) provided by investing activities | -$32.7M | -$91.6M | $100.8M |
| Proceeds from loan agreement | $0 | $5.5M | $0 |
| Issuance of common stock, net of offering costs | $0 | -$3.0K | $24.7M |
| Mortgage loan payments | -$10.8M | -$270.0K | -$180.0K |
| Principal payments on term loan facility | -$6.1M | -$9.5M | -$9.5M |
| Repayment of loan agreement | -$19.2M | $0 | $0 |
| Tax withholding on share-based compensation awards | -$2.3M | -$971.0K | -$429.0K |
| Purchase of treasury stock | -$2.3M | $0 | $0 |
| Dividends forfeited (paid) | $0 | $54.0K | -$11.0K |
| Net cash (used in) provided by financing activities | -$40.6M | -$5.2M | $14.5M |
| Increase (decrease) in cash, cash equivalents, and restricted cash | $108.9M | -$9.7M | $185.8M |
| Non-cash promissory note received in connection with the sale of property | $11.0M | $0 | $0 |
| Interest paid | $6.9M | $9.5M | $9.3M |
| Federal income taxes paid, net of refunds | $50.3M | $8.5M | $6.0M |
| State income taxes paid, net of refunds | $7.6M | $4.1M | $1.9M |
| Total income taxes paid, net of refunds | $57.9M | $12.6M | $7.9M |
No quarter-by-quarter statement was filed.
Compare Heritage Insurance Holdings, Inc. with another company
Leadership
Who has led Heritage Insurance Holdings, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chair
President
Chief financial officer
Chief operating officer
201520202025
- Chief executive officerErnie J. Garateix Jan 6, 2021 to now11
- Chief executive officerBruce Lucas May 22, 2014 to Nov 6, 202012
- ChairBruce Lucas May 22, 2014 to Nov 6, 202012
- PresidentRichard A. Widdicombe May 22, 2014 to Nov 6, 202013
- Chief financial officerKirk Lusk Feb 2, 2018 to now14
- Chief financial officerSteven C. Martindale Jun 3, 2016 to Jun 3, 201615
- Chief financial officerStephen L. Rohde May 22, 2014 to May 11, 201616
- Chief operating officerErnie J. Garateix Mar 24, 2015 to Nov 6, 202017
- Chief operating officerKent M. Linder May 22, 2014 to Dec 4, 201418
Board members and other officers (19)
- OfficerTimothy E. Johns Apr 20, 2021 to now19
- OfficerTimothy Moura Apr 10, 2020 to now20
- EVP FinanceSharon Binnun Apr 15, 2015 to now21
- Executive Vice PresidentErnie J. Garateix May 22, 2014 to Dec 4, 201422
- Vice President of ComplianceJoseph R. Peiso May 22, 2014 to May 13, 201523
- OfficerMelvin A. Russell Jr. May 22, 2014 to Jun 4, 201524
- Vice President of ClaimsPaul Neilson May 22, 2014 to Nov 13, 201525
- Board memberPaul L. Whiting Mar 13, 2023 to now26
- Board memberErnie J. Garateix Mar 18, 2022 to now27
- Board memberMark S. Berset Jul 22, 2019 to now28
- Board memberSteven C. Martindale May 16, 2018 to Jun 27, 202229
- Board memberJames Masiello May 22, 2014 to Dec 10, 201830
- Board memberJoseph Vattamattam May 22, 2014 to now31
- Board memberMonica Vernon May 22, 2014 to May 22, 201432
- Board memberPanagiotis Apostolou May 22, 2014 to now33
- Board memberRichard A. Widdicombe May 22, 2014 to now13
- Board memberTrifon Houvardas May 22, 2014 to Jun 20, 201634
- Board memberVijay Walvekar May 22, 2014 to now35
- Board memberIrini Barlas Aug 19, 2014 to now36
Former names
- Heritage Insurance Holdings, LLCFeb 13, 2014 to May 20, 20142
Timeline
Filings
348 filings to the SEC since October 2021: 7 annual reports, 16 quarterly reports, 42 major events, 189 insider forms, 18 large holders, 76 other. The latest 20:
- Sep 25, 2026SCHEDULE 13G/A EDGAR
- Sep 22, 20264 EDGAR
- Sep 18, 2026144 EDGAR
- Sep 16, 20264 EDGAR
- Sep 14, 2026144 EDGAR
- Sep 11, 20264 EDGAR
- Sep 9, 2026144 EDGAR
- Sep 8, 20264 EDGAR
- Sep 3, 2026144 EDGAR
- Sep 3, 20264 EDGAR
- Sep 1, 2026144 EDGAR
- Aug 26, 20264 EDGAR
- Aug 24, 2026144 EDGAR
- Aug 21, 20264 EDGAR
- Aug 19, 2026144 EDGAR
- Aug 19, 20264 EDGAR
- Aug 19, 20264 EDGAR
- Aug 18, 2026144 EDGAR
- Aug 17, 2026144 EDGAR
- Aug 17, 2026144 EDGAR
The 348 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 18 such filings since October 2021, the latest 10:
- Sep 25, 2026SCHEDULE 13G/A
- Mar 27, 2026SCHEDULE 13G/A
- Oct 30, 2025SCHEDULE 13G
- Aug 4, 2025SCHEDULE 13G/A
- Apr 15, 2025SCHEDULE 13G/A
- Jan 23, 2025SCHEDULE 13G
- Nov 8, 2024SC 13G
- Oct 24, 2024SC 13G
- Jun 10, 2024SC 13G/A
- Feb 21, 2024SC 13G/A
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12SEC EDGARBruce Lucas, Chief executive officer
- 13SEC EDGARRichard A. Widdicombe, President
- 14SEC EDGARKirk Lusk, Chief financial officer
- 15
- 16
- 17
- 18
- 19SEC EDGARTimothy E. Johns, Officer
- 20SEC EDGARTimothy Moura, Officer
- 21SEC EDGARSharon Binnun, EVP Finance
- 22
- 23
- 24SEC EDGARMelvin A. Russell Jr., Officer
- 25
- 26SEC EDGARPaul L. Whiting, Board member
- 27SEC EDGARErnie J. Garateix, Board member
- 28SEC EDGARMark S. Berset, Board member
- 29SEC EDGARSteven C. Martindale, Board member
- 30SEC EDGARJames Masiello, Board member
- 31SEC EDGARJoseph Vattamattam, Board member
- 32SEC EDGARMonica Vernon, Board member
- 33SEC EDGARPanagiotis Apostolou, Board member
- 34SEC EDGARTrifon Houvardas, Board member
- 35SEC EDGARVijay Walvekar, Board member
- 36SEC EDGARIrini Barlas, Board member
- 37