HERITAGE INSURANCE HOLDINGS INC (HRTG) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 8, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 7, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HRTG SEC filings page.
HERITAGE INSURANCE HOLDINGS INC (HRTG) reported $854.6M in revenue over the twelve months to Jun 30, 2026, up 1.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Profitability has accelerated far faster than revenue, while cash conversion and a lighter debt burden show a materially stronger operating structure.
FY2025 operating cash flow was$182M against net income of$196M , showing that reported earnings were largely realized in cash. Free cash flow was$174M , only modestly below operating cash flow, so the improvement was not primarily an accounting-only result.
Operating margin moved from
Total liabilities fell from
Financial Health Signals
Scored against insurers for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of HERITAGE INSURANCE HOLDINGS INC's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Loss Ratio measures the claims an insurer paid out against the premiums it earned, so a lower ratio leaves more of every premium dollar with the company. HERITAGE INSURANCE HOLDINGS INC scores 78/100 on it among other insurers.
HERITAGE INSURANCE HOLDINGS INC reported revenue of $847.3M in fiscal year 2025, against $817.0M in fiscal year 2024. Premium Growth ranks insurers on the three-year path of the premiums they write rather than on total revenue, and HERITAGE INSURANCE HOLDINGS INC scores 41/100 among other insurers.
HERITAGE INSURANCE HOLDINGS INC funded 23.0% of its assets with shareholders' equity at the end of fiscal year 2025, holding $505.3M of equity against $2.2B of assets. Capital ranks insurers on that cushion, and HERITAGE INSURANCE HOLDINGS INC scores 46/100 among other insurers.
Not available for HERITAGE INSURANCE HOLDINGS INC, and counted as zero in the overall score.
Combined Ratio puts claims and running costs together against premiums earned, and a figure under 100% means the underwriting made money before any investment income was counted. HERITAGE INSURANCE HOLDINGS INC scores 89/100 on it among other insurers.
HERITAGE INSURANCE HOLDINGS INC reported net income of $195.6M in fiscal year 2025, against $61.5M in fiscal year 2024. Stability ranks insurers on how steady net income has been across five years, and HERITAGE INSURANCE HOLDINGS INC scores 5/100 among other insurers.
HERITAGE INSURANCE HOLDINGS INC passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, HERITAGE INSURANCE HOLDINGS INC generates $0.93 in operating cash flow ($182.2M OCF vs $195.6M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
HERITAGE INSURANCE HOLDINGS INC earns $33.87 in operating income for every $1 of interest expense ($267.2M vs $7.9M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
HERITAGE INSURANCE HOLDINGS INC generated $214.2M in revenue in Q2 2026. This represents an increase of 3.0% from the same quarter a year earlier. Against the prior quarter it is up 0.7%.
HERITAGE INSURANCE HOLDINGS INC's EBITDA was $85.3M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 29.2% from the same quarter a year earlier. Against the prior quarter it is up 62.6%.
HERITAGE INSURANCE HOLDINGS INC reported $61.7M in net income in Q2 2026. This represents an increase of 28.5% from the same quarter a year earlier. Against the prior quarter it is up 69.1%.
HERITAGE INSURANCE HOLDINGS INC earned $2.05 per diluted share (EPS) in Q2 2026. This represents an increase of 32.3% from the same quarter a year earlier. Against the prior quarter it is up 72.3%.
Cash & Balance Sheet
HERITAGE INSURANCE HOLDINGS INC generated $141.0M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 237.7% from the same quarter a year earlier. Against the prior quarter it is up 511.9%.
HERITAGE INSURANCE HOLDINGS INC held $587.6M in cash against $71.3M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
HERITAGE INSURANCE HOLDINGS INC's operating margin was 39.1% in Q2 2026, reflecting core business profitability. This is up 8.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 15.3 percentage points.
HERITAGE INSURANCE HOLDINGS INC's net profit margin was 28.8% in Q2 2026, showing the share of revenue converted to profit. This is up 5.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 11.7 percentage points.
HERITAGE INSURANCE HOLDINGS INC's ROE was 10.9% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 1.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.9 percentage points.
Not reported for Q2 2026.
Capital Allocation
HERITAGE INSURANCE HOLDINGS INC spent $14.6M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is up 45.8%.
HERITAGE INSURANCE HOLDINGS INC invested $657K in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 57.2% from the same quarter a year earlier. Against the prior quarter it is down 63.8%.
Not reported for Q2 2026.
HRTG Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K/A | Q3'2510-K/A | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A | Q3'2410-K/A |
|---|---|---|---|---|---|---|---|---|
| Revenue | $214.2M+3.0% | $212.7M+0.5% | $215.3M+2.4% | $212.5M+0.3% | $208.0M+2.2% | $211.5M+10.6% | $210.3M+12.5% | $211.8M+13.7% |
| SG&A Expenses | $23.8M-2.5% | $24.9M+4.4% | N/A | $22.3M+3.6% | $24.4M+7.1% | $23.9M+21.5% | N/A | $21.6M-1.5% |
| Operating Income | $83.8M+29.3% | $50.8M+19.8% | $89.7M+184.5% | $70.2M+497.2% | $64.9M+134.7% | $42.4M+86.9% | $31.5M-12.9% | $11.7M+224.5% |
| EBITDA | $85.3M+29.2% | $52.4M+19.9% | $91.7M+179.4% | $72.3M+480.7% | $66.0M+132.6% | $43.7M+87.0% | $32.8M | $12.4M+273.3% |
| Interest Expense | $1.7M-10.1% | $1.8M-26.7% | N/A | $1.9M-32.8% | $1.9M-32.4% | $2.4M-14.3% | N/A | $2.8M+6.3% |
| Income Tax | $20.4M+36.6% | $12.6M+31.7% | N/A | $17.9M+2025.3% | $15.0M+149.8% | $9.5M+68.8% | N/A | $842K+118.3% |
| Net Income | $61.7M+28.5% | $36.5M+19.7% | $66.7M+228.6% | $50.4M+518.5% | $48.0M+154.5% | $30.5M+114.2% | $20.3M-34.4% | $8.2M+209.8% |
| EPS (Basic) | $2.06+32.9% | $1.19+20.2% | $2.16+227.3% | $1.63+503.7% | $1.55+150.0% | $0.99+110.6% | $0.66-42.6% | $0.27+196.4% |
| EPS (Diluted) | $2.05+32.3% | $1.19+20.2% | $2.15+225.8% | $1.63+503.7% | $1.55+154.1% | $0.99+110.6% | $0.66-42.6% | $0.27+196.4% |
| Diluted Shares (Avg) | 30M-3.2% | 31M-0.1% | N/A | 31M+0.9% | 31M+1.2% | 31M+1.1% | N/A | 31M+15.1% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
HRTG Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K/A | Q3'2510-K/A | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A | Q3'2410-K/A |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.5B-3.3% | $2.0B-8.7% | $2.2B-11.1% | $2.4B-0.3% | $2.5B-2.4% | $2.2B+3.9% | $2.5B+16.5% | $2.4B+0.2% |
| Cash & Equivalents | $587.6M+24.1% | $517.1M+21.4% | $559.3M+23.6% | $560.4M+9.9% | $473.5M-1.6% | $425.9M+10.3% | $452.7M-2.4% | $509.9M+122.8% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.9B-12.5% | $1.5B-20.4% | $1.7B-22.4% | $1.9B-7.9% | $2.2B-8.1% | $1.9B-0.6% | $2.2B+14.7% | $2.1B-5.5% |
| Long-Term Debt | $71.3M-22.8% | $77.6M-18.1% | $78.4M-32.6% | $79.3M-33.1% | $92.4M-23.5% | $94.8M-22.9% | $116.3M-2.9% | $118.6M-2.9% |
| Total Equity | $567.7M+48.1% | $520.4M+58.2% | $505.3M+73.7% | $437.3M+56.5% | $383.3M+50.1% | $329.0M+40.0% | $290.8M+32.0% | $279.3M+84.5% |
| Retained Earnings | $381.4M+129.6% | $319.7M+170.7% | $283.3M+223.1% | $216.6M+221.5% | $166.2M+180.6% | $118.1M+192.8% | $87.7M+235.6% | $67.4M+1495.5% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities.
HRTG Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K/A | Q3'2510-K/A | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A | Q3'2410-K/A |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $141.7M+227.3% | $24.9M+2870.6% | $13.8M+124.6% | $124.3M+1030.1% | $43.3M-71.6% | $837K-80.6% | -$56.1M-156.2% | -$13.4M+75.0% |
| Depreciation & Amortization | $1.4M+27.3% | $1.6M+23.1% | $2.0M+53.8% | $2.1M+201.7% | $1.1M+53.0% | $1.3M+91.1% | $1.3M | $696K-69.1% |
| Stock-Based Compensation | N/A | $986K-22.1% | N/A | $1.2M+46.3% | $1.7M+104.1% | $1.3M+112.6% | N/A | $820K-36.9% |
| Capital Expenditures | $657K-57.2% | $1.8M-13.4% | $2.9M+11.6% | $1.6M-46.8% | $1.5M-37.7% | $2.1M+815.3% | $2.6M+77.4% | $3.0M+26.4% |
| Free Cash Flow | $141.0M+237.7% | $23.0M+1930.7% | $10.9M+118.7% | $122.7M+851.0% | $41.8M-72.1% | -$1.3M-130.9% | -$58.6M-159.6% | -$16.3M+70.7% |
| Investing Cash Flow | -$52.6M-881.8% | -$44.3M-1177.1% | -$11.6M-615.7% | -$24.4M-154.4% | $6.7M+112.1% | -$3.5M+95.8% | $2.2M-98.0% | $44.8M+18.9% |
| Financing Cash Flow | -$21.0M-759.1% | -$19.9M+8.3% | -$3.4M+1.1% | -$13.1M-438.2% | -$2.4M-0.2% | -$21.7M-795.5% | -$3.4M-115.7% | -$2.4M-0.2% |
| Dividends Paid | $0 | $0 | N/A | N/A | $0 | $0 | N/A | N/A |
| Share Buybacks | $14.6M | $10.0M | $0 | $2.3M | $0 | $0 | $0 | N/A |
HRTG Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K/A | Q3'2510-K/A | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A | Q3'2410-K/A |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 39.1%+8.0pp | 23.9%+3.8pp | 41.6%+26.7pp | 33.0%+27.5pp | 31.2%+17.6pp | 20.1%+8.2pp | 15.0%-4.3pp | 5.5%+10.6pp |
| Net Margin | 28.8%+5.7pp | 17.2%+2.7pp | 31.0%+21.3pp | 23.7%+19.9pp | 23.1%+13.8pp | 14.4%+7.0pp | 9.7%-6.9pp | 3.9%+7.8pp |
| Return on Equity | 10.9%-1.7pp | 7.0%-2.3pp | 13.2%+6.2pp | 11.5%+8.6pp | 12.5%+5.1pp | 9.3%+3.2pp | 7.0%-7.1pp | 2.9%+7.8pp |
| Return on Assets | 2.5%+0.6pp | 1.8%+0.4pp | 3.0%+2.2pp | 2.1%+1.8pp | 1.9%+1.2pp | 1.4%+0.7pp | 0.8%-0.6pp | 0.3%+0.7pp |
| Debt-to-Equity | 0.13-0.1x | 0.15-0.1x | 0.16-0.2x | 0.18-0.2x | 0.24-0.2x | 0.29-0.2x | 0.40-0.1x | 0.42-0.4x |
| Asset Turnover | 0.090.0x | 0.110.0x | 0.100.0x | 0.090.0x | 0.080.0x | 0.100.0x | 0.090.0x | 0.090.0x |
| FCF Margin | 65.8%+45.8pp | 10.8%+11.4pp | 5.1%+33.0pp | 57.8%+65.5pp | 20.1%-53.5pp | -0.6%-2.7pp | -27.9%-80.5pp | -7.7%+22.2pp |
Not reported in any period shown, so not listed: Gross Margin, Current Ratio.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| HERITAGE INSURANCE HOLDINGS INC HRTG | FY2025 | $847.3M | $195.6M | 23.1% | $1.0B | 43/100 |
| United Fire Group Inc. UFCS | FY2025 | $1.4B | $118.2M | 8.5% | $1.4B | 41/100 |
| UNIVERSAL INSURANCE HLDG, INC. UVE | FY2025 | $1.6B | $183.0M | 11.4% | $1.3B | 28/100 |
| Donegal Group Inc DGICA | FY2025 | $978.0M | $79.3M | 8.1% | $676.3M | 37/100 |
| Donegal Group Inc DGICB | FY2025 | $978.0M | $79.3M | 8.1% | $653.3M | 37/100 |
| American Coastal Insurance Corporation ACIC | FY2025 | $335.4M | $106.8M | 31.9% | $449.5M | 57/100 |
Where HERITAGE INSURANCE HOLDINGS INC Ranks
Frequently Asked Questions
What is HERITAGE INSURANCE HOLDINGS INC's annual revenue?
HERITAGE INSURANCE HOLDINGS INC (HRTG) reported $847.3M in total revenue for fiscal year 2025. This represents a 3.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is HERITAGE INSURANCE HOLDINGS INC's revenue growing?
HERITAGE INSURANCE HOLDINGS INC (HRTG) revenue grew by 3.7% year-over-year, from $817.0M to $847.3M in fiscal year 2025.
Is HERITAGE INSURANCE HOLDINGS INC profitable?
Yes, HERITAGE INSURANCE HOLDINGS INC (HRTG) reported a net income of $195.6M in fiscal year 2025, with a net profit margin of 23.1%.
What is HERITAGE INSURANCE HOLDINGS INC's EBITDA?
HERITAGE INSURANCE HOLDINGS INC (HRTG) had EBITDA of $273.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does HERITAGE INSURANCE HOLDINGS INC have?
As of fiscal year 2025, HERITAGE INSURANCE HOLDINGS INC (HRTG) had $559.3M in cash and equivalents against $78.4M in long-term debt.
What is HERITAGE INSURANCE HOLDINGS INC's operating margin?
HERITAGE INSURANCE HOLDINGS INC (HRTG) had an operating margin of 31.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is HERITAGE INSURANCE HOLDINGS INC's net profit margin?
HERITAGE INSURANCE HOLDINGS INC (HRTG) had a net profit margin of 23.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is HERITAGE INSURANCE HOLDINGS INC's return on equity (ROE)?
HERITAGE INSURANCE HOLDINGS INC (HRTG) has a return on equity of 38.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is HERITAGE INSURANCE HOLDINGS INC's free cash flow?
HERITAGE INSURANCE HOLDINGS INC (HRTG) generated $174.2M in free cash flow during fiscal year 2025. This represents a 120.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is HERITAGE INSURANCE HOLDINGS INC's operating cash flow?
HERITAGE INSURANCE HOLDINGS INC (HRTG) generated $182.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are HERITAGE INSURANCE HOLDINGS INC's total assets?
HERITAGE INSURANCE HOLDINGS INC (HRTG) had $2.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are HERITAGE INSURANCE HOLDINGS INC's capital expenditures?
HERITAGE INSURANCE HOLDINGS INC (HRTG) invested $8.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is HERITAGE INSURANCE HOLDINGS INC's debt-to-equity ratio?
HERITAGE INSURANCE HOLDINGS INC (HRTG) had a debt-to-equity ratio of 0.16 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is HERITAGE INSURANCE HOLDINGS INC's return on assets (ROA)?
HERITAGE INSURANCE HOLDINGS INC (HRTG) had a return on assets of 8.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is HERITAGE INSURANCE HOLDINGS INC's P/E ratio?
HERITAGE INSURANCE HOLDINGS INC (HRTG) trades at 4.9x earnings, its market capitalization divided by net income of $215.3M net income, trailing 12 months to June 30, 2026. The market capitalization is $1.0B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is HERITAGE INSURANCE HOLDINGS INC's price-to-sales ratio?
HERITAGE INSURANCE HOLDINGS INC (HRTG) trades at 1.2x sales, its market capitalization divided by revenue of $854.6M revenue, trailing 12 months to June 30, 2026. The market capitalization is $1.0B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is HERITAGE INSURANCE HOLDINGS INC's Piotroski F-Score?
HERITAGE INSURANCE HOLDINGS INC (HRTG) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are HERITAGE INSURANCE HOLDINGS INC's earnings high quality?
HERITAGE INSURANCE HOLDINGS INC (HRTG) has an earnings quality ratio of 0.93x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can HERITAGE INSURANCE HOLDINGS INC cover its interest payments?
HERITAGE INSURANCE HOLDINGS INC (HRTG) has an interest coverage ratio of 33.87x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is HERITAGE INSURANCE HOLDINGS INC?
HERITAGE INSURANCE HOLDINGS INC (HRTG) scores 43 out of 100 on our Financial Health Score, indicating moderate standing within its insurers peer group. The score is a 0-100 composite of six dimensions (Loss Ratio, Premium Growth, Capital, Investment Yield, Combined Ratio, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.