Heritage Insurance Holdings, Inc. (HRTG)

HRTG Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	788.47	767.86	697.19	637.07	611.07	544.72
Total Interest & Dividend Income	36.66	36.63	25.76	11.98	5.65	12.3
Gain (Loss) on Sale of Investments	-0.71	-0.71	-0.97	-0.26	-0.02	22.4
Other Revenue	12.79	13.2	13.53	13.68	14.85	13.97
Total Revenue	837.2	816.99	735.5	662.46	631.56	593.39
Revenue Growth (YoY)	11.64%	11.08%	11.03%	4.89%	6.43%	16.05%
Policy Benefits	444.42	447.05	426.13	501.16	427.37	373.39
Policy Acquisition & Underwriting Costs	190.08	191.19	167.61	156.3	145.97	128.28
Selling, General & Administrative	89.37	85.14	77.78	70.4	65.79	81.54
Total Operating Expenses	723.86	723.38	671.52	727.86	639.13	583.2
Operating Income	113.34	93.61	63.98	-65.4	-7.56	10.19
Interest Expense	-10.53	-10.93	-11.21	-8.81	-7.97	-7.97
Other Non Operating Income (Expenses)	-0	-0	-	-	-	-
EBT Excluding Unusual Items	102.81	82.68	52.77	-74.21	-15.53	2.21
Impairment of Goodwill	-	-	-	-91.96	-60.5	-
Asset Writedown	-	-	-0.77	-	-	-
Pretax Income	102.81	82.68	52.01	-166.17	-76.03	2.21
Income Tax Expense	25.02	21.14	6.7	-11.81	-1.31	-7.11
Net Income	77.79	61.54	45.31	-154.36	-74.73	9.33
Net Income to Common	77.79	61.54	45.31	-154.36	-74.73	9.33
Net Income Growth	70.87%	35.83%	-	-	-	-67.43%
Shares Outstanding (Basic)	31	31	26	26	28	28
Shares Outstanding (Diluted)	31	31	26	26	28	28
Shares Change (YoY)	11.94%	16.77%	-0.35%	-5.25%	-0.66%	-4.26%
EPS (Basic)	2.54	2.01	1.73	-5.86	-2.69	0.33
EPS (Diluted)	2.53	2.01	1.73	-5.86	-2.69	0.33
EPS Growth	52.26%	16.20%	-	-	-	-66.33%
Free Cash Flow	73.53	78.87	60.53	-46.64	59.12	169.46
Free Cash Flow Per Share	2.39	2.57	2.31	-1.77	2.13	6.05
Dividend Per Share	-	-	-	0.120	0.240	0.240
Dividend Growth	-	-	-	-50.00%	-	-
Operating Margin	13.54%	11.46%	8.70%	-9.87%	-1.20%	1.72%
Profit Margin	9.29%	7.53%	6.16%	-23.30%	-11.83%	1.57%
Free Cash Flow Margin	8.78%	9.65%	8.23%	-7.04%	9.36%	28.56%
EBITDA	123.55	103.16	72.67	-57.04	0.89	18.29
EBITDA Margin	14.76%	12.63%	9.88%	-8.61%	0.14%	3.08%
D&A For EBITDA	10.2	9.55	8.69	8.36	8.45	8.1
EBIT	113.34	93.61	63.98	-65.4	-7.56	10.19
EBIT Margin	13.54%	11.46%	8.70%	-9.87%	-1.20%	1.72%
Effective Tax Rate	24.34%	25.56%	12.88%	-	-	-
Revenue as Reported	837.2	816.99	735.5	662.46	631.56	593.39

Updated Mar 13, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q