Skip to content
NYSE · FIRE, MARINE & CASUALTY INSURANCE · MID CAP

Heritage Insurance Holdings, Inc. HRTG

13 fiscal years on record · USD · FY2025 reported · SEC filings only
$847.3M
▲ 3.7% YoY
$195.6M
▲ 217.8% YoY
$174.2M
▲ 120.8% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Heritage Insurance Holdings, Inc. is a super-regional property and casualty insurance holding company that primarily provides personal and commercial residential insurance through its insurance company subsidiaries. As of December 31, 2025, it had 345,121 personal residential policies in force, representing $1.2 billion of annualized premium, 3,059 commercial residential policies in force, representing $265.0 million of annualized premium, and 9,095 commercial general liability policies in force, representing $9.3 million of annualized premium. On an admitted basis, it provides personal residential insurance in fourteen eastern and gulf states and commercial residential insurance in three of those states, and it also writes personal and commercial residential insurance on an admitted basis in Hawaii and on an excess and surplus lines basis in California, Florida, Hawaii, and South Carolina. At December 31, 2025, it had 542 full-time and part-time employees. The company conducts its operations as a single operating and reporting segment. Its insurance subsidiaries include Heritage Property & Casualty Insurance Company, which provides personal and commercial residential property insurance and commercial general liability insurance; Narragansett Bay Insurance Company, which provides personal and commercial residential property insurance; and Zephyr Insurance Company, which provides personal and commercial residential and wind-only property insurance in Hawaii.

Written from the business description in Heritage Insurance Holdings, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 12 March 2026. Every sentence was checked against that document before publication.

Growth

USD 847.3M
Revenue, FY2025 · full 13-year series below
Revenue $M Net income $M
FY2025 · Revenue 847.3 · Net income 195.6
300M600M-100M-200M
20132016201920222025
Compound annual growth
+8.6%
+7.4%
+7.9%
+83.8%
+7.8%
+80.5%
+7.6%
+0.0%
+0.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +7.4% a year over the five years to FY2025 — but profit grew faster: net income at +83.8%, earnings per share at +80.5%.

The share count rose from 0.03B to 0.03B over the period.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

23 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 31.5% · Net 23.1%
20%40%-10%-20%
201320192025
ROE
FY2025 · ROE 49.1%
20%40%60%-20%-40%-60%
201320192025
Three returns, three denominators.
Return on capital employedNot available: we don't have total assets or current liabilities for this period.

Each USD of equity produced 49 cents of profit this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 174.2
100M200M-15M-30M
201320192025
Net buybacks $M Dividends $M
FY2024 · Dividends · · Net buybacks -0.0
25.0M50.0M-10.0M-20.0MDividendsNet buybacks
201620172018201920202021202220232024

Total assetsUSD 2.2B
EquityUSD 505.3M
CashUSD 559.3M
Gross debtUSD 78.4M
Net debtUSD -480.8M

The company holds more cash than debt.

The 13-year record

13 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
HRTG, 13-year financial record
Metric 2025202420232022202120202019201820172016201520142013
Revenue $B0.80.80.70.70.60.60.50.50.40.40.40.20.1
Operating income $B0.30.10.1−0.2−0.10.00.00.10.00.10.20.10.1
EBITDA $B0.30.10.1−0.2−0.10.00.10.10.10.10.20.10.1
Income tax $B0.10.00.0−0.0−0.0−0.00.00.0−0.00.00.10.00.0
Net income $B0.20.10.0−0.2−0.10.00.00.0−0.00.00.10.00.0
Free cash flow $B0.20.10.1−0.00.10.20.10.10.00.10.10.20.1
EPS, diluted $6.322.011.73−5.86−2.690.330.981.04−0.041.143.051.822.36
Dividend / sh $◌◌◌0.240.240.240.240.240.240.230.05◌◌
Payout %——0−3−9732423−73720———
ROE %49.124.125.8−65.1−19.02.16.66.7−0.39.530.328.163.3
Shares out B0.030.030.030.030.030.030.030.030.030.030.030.030.01

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 40 reconciliationsAUDITED

Reconciled in 13 of the 13 fiscal years we could check. Six checks were skipped: the balance sheet is not tagged before 2013. Six checks were skipped: EPS is not tagged before 2013.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityFire, Marine & Casualty Insurance
Listed onNYSE
Incorporated inDelaware
Fiscal year endsnot stated in the filings
Data on record since2012

Share this section

Download image