Heritage Insurance Holdings, Inc. (HRTG)

HRTG Balance Sheet

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
Investments in Debt Securities	696.63	624.96	534.38	611.27	646.85	539.41
Investments in Equity & Preferred Securities	1.9	2.31	2.42	5.03	5.27	6.61
Other Investments	0.45	5.58	6.31	12.97	20.08	21.4
Total Investments	698.98	632.84	543.12	629.27	672.2	567.42
Cash & Equivalents	560.44	452.67	463.64	280.88	359.34	440.96
Reinsurance Recoverable	379.48	740.2	482.43	805.06	269.39	355.04
Other Receivables	99.41	110.27	108.42	110.05	88.77	114.25
Deferred Policy Acquisition Cost	66.79	63.2	69.26	99.62	93.88	89.27
Property, Plant & Equipment	46.01	59.01	57.66	53.2	45.18	25.15
Goodwill	-	-	-	-	91.96	152.46
Other Intangible Assets	31.73	36.37	42.56	49.58	55.93	62.28
Restricted Cash	13.29	10.98	9.7	6.69	5.42	5.43
Other Current Assets	426.12	314.08	299.19	311.67	272.26	250.79
Long-Term Deferred Tax Assets	7.57	13.88	11.11	16.84	-	-
Other Long-Term Assets	37.62	35.42	32.5	29.75	26.46	26.35
Total Assets	2,367	2,469	2,120	2,393	1,981	2,089
Accounts Payable	15.64	21.15	16.19	17.66	10.09	9.25
Accrued Expenses	24.58	26.94	28.99	25.89	27.22	28.4
Unpaid Claims	649.58	1,043	845.96	1,132	590.17	659.34
Unearned Premiums	759.73	717.89	699.82	725.91	655.33	627.88
Reinsurance Payable	378.94	227.06	159.82	199.8	191.73	161.92
Current Portion of Long-Term Debt	2.38	29.07	-	-	-	-
Current Portion of Leases	1.27	4.88	-	-	-	-
Current Income Taxes Payable	-	0.85	-	-	-	-
Long-Term Debt	76.88	87.25	119.73	128.94	120.76	121
Long-Term Leases	21.14	20.14	28.46	31.25	31.17	8.16
Long-Term Deferred Tax Liabilities	-	-	-	-	9.43	18.48
Other Current Liabilities	-	-	0.05	0.07	1.63	12.53
Other Long-Term Liabilities	0.04	0.21	0.27	0.23	0.2	0.08
Total Liabilities	1,930	2,178	1,899	2,262	1,638	1,647
Common Stock	0	0	0	0	0	0
Additional Paid-In Capital	366.8	362.64	360.31	334.71	332.8	331.87
Retained Earnings	216.58	87.66	26.12	-19.19	138.38	219.78
Treasury Stock	-133.18	-130.9	-130.9	-130.9	-123.56	-115.37
Comprehensive Income & Other	-12.94	-28.6	-35.25	-53.59	-4.57	6.06
Shareholders' Equity	437.25	290.8	220.28	131.04	343.05	442.34
Total Liabilities & Equity	2,367	2,469	2,120	2,393	1,981	2,089
Filing Date Shares Outstanding	29.22	29.27	29.06	24.94	26.54	27.75
Total Common Shares Outstanding	29.22	29.27	29.06	24.89	26.52	27.73
Total Debt	101.66	141.34	148.19	160.19	151.93	129.15
Net Cash (Debt)	458.77	311.33	315.45	120.69	207.41	311.8
Net Cash Growth	25.52%	-1.31%	161.37%	-41.81%	-33.48%	138.50%
Net Cash Per Share	14.85	10.16	12.02	4.58	7.46	11.14
Book Value Per Share	14.96	9.93	7.58	5.26	12.94	15.95
Tangible Book Value	405.52	254.43	177.73	81.46	195.17	227.61
Tangible Book Value Per Share	13.88	8.69	6.12	3.27	7.36	8.21
Land	-	2.58	2.58	2.58	2.58	2.58
Buildings	-	9.6	9.6	9.6	10.14	10.14
Machinery	40.25	35.25	12.72	10.83	9.28	9.24
Construction In Progress	-	-	14.45	-	-	-
Leasehold Improvements	5.37	11.02	10.88	10.49	8.26	8.13

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

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