Financial Snapshot

Revenue
$793.7M
TTM
Gross Margin
44.42%
TTM
Net Earnings
$72.19M
TTM
Current Assets
Current Liabilities
$85.51M
Q3 2024
Current Ratio
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$279.3M
Q3 2024
Cash
Q3 2024
P/E
5.390
Dec 04, 2024 EST
Free Cash Flow
$235.8M
TTM

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Revenue $735.5M $662.5M $631.6M $593.4M $511.3M $480.2M $11.33M $439.0M $394.8M $233.8M $124.8M $5.600M
YoY Change 11.03% 4.89% 6.43% 16.05% 6.48% 4137.3% -97.42% 11.19% 68.84% 87.31% 2129.14%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Revenue $735.5M $662.5M $631.6M $593.4M $511.3M $480.2M $11.33M $439.0M $394.8M $233.8M $124.8M $5.600M
Cost Of Revenue $426.1M $501.2M $427.4M $373.4M $273.3M $237.4M $238.9M $141.2M $89.56M $38.50M
Gross Profit $309.4M $161.3M $204.2M $220.0M $238.0M $242.7M $200.1M $253.6M $144.3M $86.33M
Gross Profit Margin 42.06% 24.35% 32.33% 37.08% 46.55% 50.55% 45.58% 64.24% 61.7% 69.16%

Selling, General & Admin Expense

Research & Development

No data

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

No data

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Selling, General & Admin $77.78M $70.40M $65.79M $81.54M $80.54M $88.54M $71.71M $58.91M $46.13M $33.50M $24.72M $7.900M
YoY Change 10.48% 7.01% -19.32% 1.23% -9.04% 23.47% 21.73% 27.72% 37.69% 35.51% 212.91%
% of Gross Profit 25.14% 43.64% 32.22% 37.06% 33.84% 36.48% 29.44% 18.19% 23.22% 28.63%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.400M $2.000M $2.100M $1.600M $2.200M $2.300M $1.600M $1.600M $1.300M $800.0K $200.0K $0.00
YoY Change 20.0% -4.76% 31.25% -27.27% -4.35% 43.75% 0.0% 23.08% 62.5% 300.0%
% of Gross Profit 0.78% 1.24% 1.03% 0.73% 0.92% 0.95% 0.8% 0.51% 0.55% 0.23%
Operating Expenses $77.78M $70.40M $65.79M $81.54M $80.54M $88.54M $71.71M $58.91M $46.13M $33.50M $24.72M $9.400M
YoY Change 10.48% 7.01% -19.32% 1.23% -9.04% 23.47% 21.73% 27.72% 37.69% 35.51% 162.98%
Operating Profit $63.22M -$157.4M -$68.06M $10.19M $49.57M $69.54M $49.54M $56.77M $150.3M $74.25M $61.61M
YoY Change -140.17% 131.2% -768.28% -79.45% -28.72% 40.38% -12.74% -62.23% 102.41% 20.52%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Interest Expense -$11.21M -$8.809M -$7.970M -$8.000M -$8.500M -$20.00M -$13.20M -$400.0K $0.00 $16.00K -$800.0K
YoY Change 27.26% 10.53% -0.38% -5.88% -57.5% 51.52% 3200.0% -100.0% -102.0%
% of Operating Profit -17.73% -78.55% -17.15% -28.76% -26.65% -0.7% 0.0% 0.03%
Other Income/Expense, Net $0.00 -$48.00K -$10.53M -$42.22M
YoY Change -99.54% -75.06%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Pretax Income $52.01M -$166.2M -$76.03M $2.213M $41.00M $38.99M -$5.892M $56.40M $150.3M $74.25M $55.46M -$4.600M
YoY Change -131.3% 118.55% -3535.79% -94.6% 5.13% -761.81% -110.45% -62.47% 102.41% 33.88% -1305.67%
Income Tax $6.698M -$11.81M -$1.307M -$7.113M $12.36M $11.84M -$4.773M $22.54M $57.78M $27.16M $21.25M $900.0K
% Of Pretax Income 12.88% -321.42% 30.15% 30.36% 39.96% 38.44% 36.57% 38.31%
Net Earnings $45.31M -$154.4M -$74.73M $9.326M $28.64M $27.16M -$1.119M $33.87M $92.51M $47.10M $34.21M -$5.500M
YoY Change -129.35% 106.57% -901.28% -67.43% 5.45% -2526.72% -103.3% -63.39% 96.43% 37.66% -722.05%
Net Earnings / Revenue 6.16% -23.3% -11.83% 1.57% 5.6% 5.66% -9.87% 7.71% 23.43% 20.14% 27.41% -98.21%
Basic Earnings Per Share $1.73 -$5.86 -$2.69 $0.33 $0.98 $1.05 -$0.04 $1.14 $3.08 $1.92 $2.39
Diluted Earnings Per Share $1.73 -$5.86 -$2.69 $0.33 $0.98 $1.042M -$0.04 $1.14 $3.05 $1.82 $2.36 -$188.4K

Assets & Liabilities

Cash & Short-Term Investments

No data

Cash & Equivalents

Cash To Operating Expenses Ratio

No data

Inventory

No data

Receivables

No data

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

No data

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $463.6M $280.9M $359.3M $441.0M $268.4M $250.1M $153.7M $105.8M $236.3M $160.5M $65.10M $63.90M
Short-Term Investments
Other Short-Term Assets $4.967M $4.694M $6.382M $4.700M
YoY Change 5.82% -26.45% 35.79%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $6.475M $6.057M $8.316M $6.500M
YoY Change 6.9% -27.16% 27.94%
Property, Plant & Equipment $57.66M $53.20M $45.18M $25.10M $27.40M $18.00M $18.70M $17.20M $17.10M $17.10M $10.90M $200.0K
YoY Change 8.39% 17.74% 80.0% -8.39% 52.22% -3.74% 8.72% 0.58% 0.0% 56.88% 5350.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $569.4M $653.6M $694.7M $589.0M $595.2M $526.1M $567.0M $603.0M $400.1M $331.2M $136.2M $13.10M
YoY Change -12.88% -5.92% 17.95% -1.04% 13.13% -7.21% -5.97% 50.71% 20.8% 143.17% 939.69%
Other Assets $20.81M $23.53M $5.415M $5.400M $14.70M $12.30M $20.80M $20.90M $21.00M $11.00M $4.400M $3.000M
YoY Change -11.57% 334.57% 0.28% -63.27% 19.51% -40.87% -0.48% -0.48% 90.91% 150.0% 46.67%
Total Long-Term Assets $2.147B $2.387B $1.972B $2.083B
YoY Change -10.05% 20.99% -5.3%
Total Assets $2.153B $2.393B $1.981B $2.089B $1.940B $1.769B $1.771B $1.033B $837.4M $615.0M $282.0M $81.90M
YoY Change
Accounts Payable $16.18M $17.66M $10.09M $59.40M $62.70M $86.00M $169.5M $21.70M $17.90M $31.80M $8.800M $800.0K
YoY Change -8.35% 75.09% -83.02% -5.26% -27.09% -49.26% 681.11% 21.23% -43.71% 261.36% 1000.0%
Accrued Expenses $17.54M $33.58M $64.07M $36.90M $13.40M $9.200M $16.50M $4.300M $2.300M $400.0K $500.0K $0.00
YoY Change -47.77% -47.6% 73.63% 175.37% 45.65% -44.24% 283.72% 86.96% 475.0% -20.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $87.20M $52.31M $85.90M $98.00M $76.10M $95.20M $186.0M $26.00M $22.30M $45.00M $12.10M $4.700M
YoY Change 66.71% -39.1% -12.35% 28.78% -20.06% -48.82% 615.38% 16.59% -50.44% 271.9% 157.45%
Long-Term Debt $140.1M $151.5M $145.4M $121.5M $129.6M $148.8M $184.4M $72.90M $0.00 $0.00 $20.90M $1.000M
YoY Change -7.51% 4.21% 19.65% -6.25% -12.9% -19.31% 152.95% -100.0% 1990.0%
Other Long-Term Liabilities $23.90M $69.50M $24.70M $18.30M $16.50M $20.00M $23.60M $18.60M $12.10M $5.100M $3.800M $0.00
YoY Change -65.61% 181.4% 34.97% 10.91% -17.5% -15.25% 26.88% 53.72% 137.25% 34.21%
Total Long-Term Liabilities $164.0M $221.0M $170.1M $139.8M $146.1M $168.8M $208.0M $91.50M $12.10M $5.100M $24.70M $1.000M
YoY Change -25.78% 29.94% 21.66% -4.31% -13.45% -18.85% 127.32% 656.2% 137.25% -79.35% 2370.0%
Total Liabilities $1.933B $2.262B $1.638B $1.647B $1.491B $1.343B $1.391B $675.3M $480.8M $359.9M $202.0M $53.70M
YoY Change -14.53% 38.09% -0.56% 10.47% 10.98% -3.45% 106.04% 40.45% 33.59% 78.17% 276.16%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

No data

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Basic Shares Outstanding 26.19M 26.34M 27.80M 27.98M 29.21M 25.94M 26.80M 29.63M 30.06M 24.57M 14.31M
Diluted Shares Outstanding 26.25M 26.34M 27.80M 27.99M 29.23M 26.10M 26.80M 29.63M 30.33M 25.82M 14.47M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Dividends

Stock Price

Market Cap: $389.08 Million

About Heritage Insurance Holdings, Inc.

Heritage Insurance Holdings, Inc. engages in the provision of personal and residential premium, property, and casualty insurance policies. The company is headquartered in Tampa, Florida and currently employs 566 full-time employees. The company went IPO on 2014-05-23. The firm primarily provides personal and commercial residential insurance through its insurance company subsidiaries. The company is vertically integrated and controls or manages substantially all aspects of insurance underwriting, customer service, actuarial analysis, distribution and claims processing and adjusting. Its subsidiaries include Heritage Property & Casualty Insurance Company (Heritage P&C), which provides personal and commercial residential property insurance and commercial general liability insurance; Narragansett Bay Insurance Company (NBIC), which provides personal and commercial residential property insurance, and Zephyr Insurance Company (Zephyr), which provides personal residential and wind-only property insurance in Hawaii. The firm provides personal residential insurance in approximately 14 eastern and gulf states and commercial residential insurance in three of those states.

Industry: Fire, Marine & Casualty Insurance Peers: AMERICAN COASTAL INSURANCE Corp ICC Holdings, Inc. KINGSWAY FINANCIAL SERVICES INC PROGRESSIVE CORP/OH/ Root, Inc. Trean Insurance Group, Inc.