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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	790.76	767.86	697.19	637.07	611.07	544.72
Total Interest & Dividend Income	35.81	36.63	25.76	11.98	5.65	12.3
Gain (Loss) on Sale of Investments	2.02	-0.71	-0.97	-0.26	-0.02	22.4
Other Revenue	13.69	13.2	13.53	13.68	14.85	13.97
Total Revenue	842.28	816.99	735.5	662.46	631.56	593.39
Revenue Growth (YoY)	6.12%	11.08%	11.03%	4.89%	6.43%	16.05%
Policy Benefits	358.86	447.05	426.13	501.16	427.37	373.39
Policy Acquisition & Underwriting Costs	182.67	191.19	167.61	156.3	145.97	128.28
Selling, General & Administrative	91.76	85.14	77.78	70.4	65.79	81.54
Total Operating Expenses	633.29	723.38	671.52	727.86	639.13	583.2
Operating Income	208.99	93.61	63.98	-65.4	-7.56	10.19
Interest Expense	-8.73	-10.93	-11.21	-8.81	-7.97	-7.97
Other Non Operating Income (Expenses)	-0	-0	-	-	-	-
EBT Excluding Unusual Items	200.26	82.68	52.77	-74.21	-15.53	2.21
Impairment of Goodwill	-	-	-	-91.96	-60.5	-
Asset Writedown	-	-	-0.77	-	-	-
Pretax Income	200.26	82.68	52.01	-166.17	-76.03	2.21
Income Tax Expense	51.05	21.14	6.7	-11.81	-1.31	-7.11
Net Income	149.21	61.54	45.31	-154.36	-74.73	9.33
Net Income to Common	149.21	61.54	45.31	-154.36	-74.73	9.33
Net Income Growth	106.69%	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)	3.88%	16.77%	-0.35%	-5.25%	-0.66%	-4.26%
EPS (Basic)	4.84	2.01	1.73	-5.86	-2.69	0.33
EPS (Diluted)	4.83	2.01	1.73	-5.86	-2.69	0.33
EPS Growth	98.61%	16.20%	-	-	-	-66.33%
Free Cash Flow	104.58	78.87	60.53	-46.64	59.12	169.46
Free Cash Flow Per Share	3.38	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	24.81%	11.46%	8.70%	-9.87%	-1.20%	1.72%
Profit Margin	17.71%	7.53%	6.16%	-23.30%	-11.83%	1.57%
Free Cash Flow Margin	12.42%	9.65%	8.23%	-7.04%	9.36%	28.56%
EBITDA	220.97	103.16	72.67	-57.04	0.89	18.29
EBITDA Margin	26.23%	12.63%	9.88%	-8.61%	0.14%	3.08%
D&A For EBITDA	11.98	9.55	8.69	8.36	8.45	8.1
EBIT	208.99	93.61	63.98	-65.4	-7.56	10.19
EBIT Margin	24.81%	11.46%	8.70%	-9.87%	-1.20%	1.72%
Effective Tax Rate	25.49%	25.56%	12.88%	-	-	-
Revenue as Reported	842.28	816.99	735.5	662.46	631.56	593.39

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q