Heritage Insurance Holdings, Inc. (HRTG)

HRTG Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	640.26	534.38	611.27	646.85	539.41	567.06
Investments in Equity & Preferred Securities	3.62	3.49	5.03	5.27	6.61	3.99
Other Investments	5.07	5.25	12.97	20.08	21.4	4
Total Investments	648.94	543.12	629.27	672.2	567.42	575.05
Cash & Equivalents	509.92	463.64	280.88	359.34	440.96	268.35
Reinsurance Recoverable	441.58	482.43	805.06	269.39	355.04	428.9
Other Receivables	100.54	108.42	110.05	88.77	114.25	72.42
Deferred Policy Acquisition Cost	109.44	102.88	99.62	93.88	89.27	77.21
Property, Plant & Equipment	58.55	57.66	53.2	45.18	25.15	27.4
Goodwill	-	-	-	91.96	152.46	152.46
Other Intangible Assets	37.92	42.56	49.58	55.93	62.28	68.64
Restricted Cash	10.98	9.7	6.69	5.42	5.43	14.66
Other Current Assets	401.02	299.19	311.67	272.26	250.79	229.89
Long-Term Deferred Tax Assets	11.03	11.11	16.84	-	-	-
Other Long-Term Assets	44.46	32.5	29.75	26.46	26.35	24.69
Total Assets	2,374	2,153	2,393	1,981	2,089	1,940
Accounts Payable	13.4	16.19	17.66	10.09	9.25	7.23
Accrued Expenses	23.82	28.99	25.89	27.22	28.4	21.2
Unpaid Claims	775.47	845.96	1,132	590.17	659.34	613.53
Unearned Premiums	788.8	733.45	725.91	655.33	627.88	540.19
Reinsurance Payable	344.49	159.82	199.8	191.73	161.92	156.35
Current Income Taxes Payable	4.45	-	-	-	-	-
Long-Term Debt	118.55	119.73	128.94	120.76	121	129.25
Long-Term Leases	25.86	28.46	31.25	31.17	8.16	8.37
Long-Term Deferred Tax Liabilities	-	-	-	9.43	18.48	12.62
Other Current Liabilities	-	0.05	0.07	1.63	12.53	1.75
Other Long-Term Liabilities	0.21	0.28	0.23	0.2	0.08	0.39
Total Liabilities	2,095	1,933	2,262	1,638	1,647	1,491
Common Stock	0	0	0	0	0	0
Additional Paid-In Capital	362.61	360.31	334.71	332.8	331.87	329.57
Retained Earnings	67.36	26.12	-19.19	138.38	219.78	217.27
Treasury Stock	-130.9	-130.9	-130.9	-123.56	-115.37	-105.37
Comprehensive Income & Other	-19.73	-35.25	-53.59	-4.57	6.06	7.33
Shareholders' Equity	279.34	220.28	131.04	343.05	442.34	448.8
Total Liabilities & Equity	2,374	2,153	2,393	1,981	2,089	1,940
Filing Date Shares Outstanding	29.13	29.06	24.94	26.54	27.75	28.61
Total Common Shares Outstanding	29.13	29.06	24.89	26.52	27.73	28.65
Total Debt	144.41	148.19	160.19	151.93	129.15	137.62
Net Cash (Debt)	365.51	315.45	120.69	207.41	311.8	130.73
Net Cash Growth	371.99%	161.37%	-41.81%	-33.48%	138.50%	29.03%
Net Cash Per Share	12.29	12.02	4.58	7.46	11.14	4.47
Book Value Per Share	9.59	7.58	5.26	12.94	15.95	15.66
Tangible Book Value	241.43	177.73	81.46	195.17	227.61	227.7
Tangible Book Value Per Share	8.29	6.12	3.27	7.36	8.21	7.95
Land	2.58	2.58	2.58	2.58	2.58	4.59
Buildings	9.6	9.6	9.6	10.14	10.14	11.39
Machinery	32.81	12.72	10.83	9.28	9.24	6.5
Leasehold Improvements	10.9	10.88	10.49	8.26	8.13	8.11

Source: S&P Capital IQ. Insurance template. Financial Sources.