Heritage Insurance fully places $2.2B CAT reinsurance

Heritage Insurance Holdings announced that it has fully placed its 2026-2027 indemnity-based catastrophe excess-of-loss reinsurance program for its insurance subsidiaries, including Heritage Property Casualty, Narragansett Bay, and Zephyr Insurance.

Rhea-AI Filing Summary

Heritage Insurance Holdings announced that it has fully placed its 2026-2027 indemnity-based catastrophe excess-of-loss reinsurance program for its insurance subsidiaries, including Heritage Property Casualty, Narragansett Bay, and Zephyr Insurance.

The program provides over $2.2 billion of limit, including two new catastrophe bonds. Management states that this renewal includes more multi-year coverage, substantial reinsurance cost savings, and enhanced vertical protection for each insurance entity.

Heritage describes itself as a super-regional property and casualty insurer writing approximately $1.4 billion of gross personal and commercial residential premium across a multi-state footprint focused on catastrophe-exposed risks.

Insights

Insurance sector analyst

Heritage secures large multi-year catastrophe reinsurance protection.

Heritage Insurance Holdings has fully placed its 2026-2027 catastrophe excess-of-loss reinsurance program, securing over $2.2 billion of limit, including two catastrophe bonds. This protects its property portfolios at Heritage Property Casualty, Narragansett Bay, and Zephyr.

The company highlights more multi-year coverage, enhanced vertical protection, and substantial reinsurance cost savings. For a catastrophe-focused insurer writing about $1.4 billion of gross premium, this structure is central to managing large event losses and earnings volatility.

Future filings for periods covering 2026-2027 will show how this reinsurance program affects loss ratios and overall profitability, particularly in active catastrophe seasons.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

CAT reinsurance limit: over $2.2 billion Gross premium: $1.4 billion Program period: 2026-2027 +1 more

4 metrics

CAT reinsurance limit over $2.2 billion 2026-2027 catastrophe excess-of-loss program

Gross premium $1.4 billion Approximate gross personal and commercial residential premium

Program period 2026-2027 Catastrophe excess-of-loss reinsurance coverage term

Catastrophe bonds two new bonds Included within 2026-2027 reinsurance limit

Key Terms

catastrophe excess-of-loss reinsurance program, catastrophe bonds, gross personal and commercial residential premium, forward-looking statements, +1 more

5 terms

catastrophe excess-of-loss reinsurance program financial

"it fully placed its 2026-2027 indemnity based, catastrophe excess-of-loss reinsurance program"

catastrophe bonds financial

"we placed over $2.2 billion of limit including two new catastrophe bonds"

Catastrophe bonds are debt securities issued by insurers or reinsurers to transfer the financial risk of large natural disasters to investors: buyers receive higher interest payments but can lose some or all of their invested principal if a specified catastrophe (like a major hurricane or earthquake) occurs. They matter to investors because they offer attractive yields and portfolio diversification that is not tied to market movements, but carry concentrated event risk similar to buying insurance against disasters.

gross personal and commercial residential premium financial

"the Company writes approximately $1.4 billion of gross personal and commercial residential premium"

forward-looking statements regulatory

"Statements in this press release that are not historical facts are forward-looking statements"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

property and casualty insurance financial

"a super-regional property and casualty insurance holding company"

Property and casualty (P&C) insurance covers financial losses from damage to physical assets and from legal liability for injury or damage to others, including policies for homes, cars, businesses and general liability risks. It matters to investors because P&C insurers earn money by collecting premiums and paying claims; their profits depend on how well they price risks, set aside reserves for future claims, and manage investments—like a neighborhood safety net that must balance incoming payments against unpredictable payouts.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What reinsurance program did Heritage Insurance (HRTG) announce for 2026-2027?

Heritage Insurance announced full placement of its 2026-2027 indemnity-based catastrophe excess-of-loss reinsurance program, covering subsidiaries Heritage Property Casualty, Narragansett Bay, and Zephyr. This program is designed to protect the company against large catastrophe losses.

How large is Heritage Insurance’s 2026-2027 catastrophe reinsurance limit?

The company states it placed over $2.2 billion of limit in its 2026-2027 catastrophe reinsurance program. This includes multiple layers of protection aimed at covering severe catastrophe events affecting its insured portfolios.

Did Heritage Insurance (HRTG) use catastrophe bonds in its new reinsurance program?

Yes. Heritage indicates that the 2026-2027 catastrophe reinsurance program includes two new catastrophe bonds. These bonds are part of the more than $2.2 billion of limit placed to help transfer catastrophe risk to capital markets.

What benefits does Heritage report from the 2026-2027 reinsurance renewal?

Heritage reports placing more multi-year coverage, achieving substantial reinsurance cost savings, and providing enhanced vertical protection for each insurance entity. These features aim to improve cost efficiency and protection depth against large catastrophe losses.

How much premium does Heritage Insurance (HRTG) write across its footprint?

Heritage states it writes approximately $1.4 billion of gross personal and commercial residential premium. This business spans a multi-state footprint including the northeast, southeast, Hawaii, and California excess and surplus lines markets.

What risks does Heritage Insurance highlight in connection with its reinsurance program?

Heritage lists numerous risks, including reinsurance cost and collectability, regulatory changes, inflation, catastrophe losses, litigation outcomes, and economic conditions. These factors could cause actual results to differ from expectations around the 2026-2027 reinsurance program.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/28/2026 - 07:56 PM Learn about SEC filing dates

false 0001598665 0001598665 2026-05-28 2026-05-28

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 28, 2026

HERITAGE INSURANCE HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

Delaware		001-36462		45-5338504
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

1401 N. Westshore Blvd
Tampa, Florida		33607
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (727) 362-7200

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.0001 per share		HRTG		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☐		Emerging growth company
☐		If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Item 8.01 Other Events.

On May 28, 2026, Heritage Insurance Holdings, Inc. (the “Company”) issued a press release announcing that it fully placed its 2026-2027 indemnity based, catastrophe excess-of-loss reinsurance program for its insurance subsidiaries, Heritage Property Casualty Insurance Company, Narragansett Bay Insurance Company, and Zephyr Insurance Company.

A copy of the press release is filed with this Current Report on Form 8-K as Exhibit 99.1 and is incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits. The following exhibit is being furnished as part of this Current Report on Form 8-K.

No.		Exhibit
99.1		Press Release dated May 28, 2026.
104		Cover Page Interactive Data File (the cover page tags are embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

				HERITAGE INSURANCE HOLDINGS, INC.
Date: May 28, 2026				By:		/s/ Kirk Lusk
						Kirk Lusk
						Chief Financial Officer

Exhibit 99.1

Heritage Announces Full Placement of 2026-2027 CAT XOL Reinsurance Program

TAMPA, Fla., May 28, 2026 /PRNewswire/ — Heritage Insurance Holdings, Inc. (NYSE: HRTG) (“Heritage” or the “Company”), a super-regional property and casualty insurance holding company, announced today that it has fully placed its 2026-2027 indemnity based, catastrophe excess-of-loss reinsurance program for its insurance subsidiaries, Heritage Property Casualty Insurance Company, Narragansett Bay Insurance Company, and Zephyr Insurance Company.

Ernie Garateix, CEO of Heritage, commented, “I am very pleased to announce the successful completion of our 2026-2027 catastrophe excess of loss reinsurance program which demonstrates the strong commitment that we have from our reinsurance partners. In this year’s renewal, we placed over $2.2 billion of limit including two new catastrophe bonds. We placed more multi-year coverage this year and achieved substantial reinsurance cost savings while providing enhanced vertical protection for each of our insurance entities. I would like to thank our dedicated reinsurance partners who have supported our business through multiple catastrophic events over the last several years and look forward to their continued partnership as we work to prudently grow the Company.”

Key highlights of the 2026-2027 catastrophe reinsurance program include:

• Total consolidated cost of approximately $367.5 million, a decrease of $63.2 million from the prior year’s renewal cost of approximately $430.7 million.

• External party first event reinsurance tower exhaustion points of approximately $1.865 billion for the Southeast, $1.245 billion in the Northeast, and $1.00 billion in Hawaii. Each reinsurance tower may be supplemented with limit purchased through affiliate Osprey Re.

• Includes $712 million of multi-year coverage with $550 million through fully collateralized catastrophe bonds and $162 million through the private reinsurance market.

• The loss retention for the Company remains at approximately $50 million for the Southeast and Hawaii, respectively, and $38 million for the Northeast. The retention for each insurance company is expected to be reduced by limit purchased through the Company’s affiliate captive reinsurer, Osprey Re.

• Florida Hurricane Catastrophe Fund participation of 90.0%, consistent with the prior year program.

• The entire program is indemnity based, with no parametric covers.

About Heritage

Heritage Insurance Holdings, Inc. is a super-regional property and casualty insurance holding company. Through its insurance subsidiaries and a large network of experienced agents, the Company writes approximately $1.4 billion of gross personal and commercial residential premium across its multi-state footprint covering the northeast, southeast, Hawaii and California excess and surplus lines. As a catastrophe focused property insurer, our personnel have devoted efforts to policyholders impacted by wildfires, hurricanes, winter storms, and severe convective storms.

Forward-Looking Statements

Statements in this press release that are not historical facts are forward-looking statements that are subject to certain risks and uncertainties that could cause actual events and results to differ materially from those discussed herein. Without limiting the generality of the foregoing, words such as “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “could,” “would,” “estimate,” “or “continue” or the other negative variations thereof or comparable terminology are intended to identify forward-looking statements. This release includes forward-looking statements relating to our 2026-2027 catastrophe reinsurance program. The risks and uncertainties that could cause our actual results to differ from those expressed or implied herein include, without limitation: the success of the Company’s underwriting and profitability initiatives; inflation and other changes in economic conditions (including changes in interest rates and financial and real estate markets), including changes that may impact demand for our products and our operations; lack of effectiveness of exclusions and loss limitation methods in the insurance policies we assume or write; inherent uncertainty of our models and our reliance on artificial intelligence as a tool in creating and using such models; the impact of macroeconomic and geopolitical conditions, including the impact of interest rates, supply chain constraints, inflationary pressures, tariffs, labor availability and geopolitical conflicts; the impact of new federal and state regulations that affect the property and casualty insurance market and our failure to meet increased regulatory requirements, including minimum capital and surplus requirements; continued and increased impact of abusive and unwarranted claims; the cost of reinsurance, the collectability of reinsurance and our ability to obtain reinsurance coverage on terms and at a cost acceptable to us; assessments charged by various governmental agencies; pricing competition and other initiatives by competitors; our ability to obtain regulatory approval for requested rate changes, and the timing thereof; legislative and regulatory developments; the outcome of litigation pending against us, including the terms of any settlements; risks related to the nature of our business; dependence on investment income and the composition of our investment portfolio; the adequacy of our liability for losses and loss adjustment expense; our ability to build and maintain relationships with insurance agents; claims experience; ratings by industry services; catastrophe losses; reliance on key personnel; weather conditions (including the severity and frequency of storms, hurricanes, tornadoes, wildfires and hail); changes in loss trends; acts of war and terrorist

activities; court decisions and trends in litigation; and other matters described from time to time by us in our filings with the Securities and Exchange Commission, including, but not limited to, the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 filed with the Securities and Exchange Commission on March 12, 2026, and subsequent filings. The Company undertakes no obligations to update, change or revise any forward-looking statement, whether as a result of new information, additional or subsequent developments or otherwise.

Investor Contact:

Kirk Lusk

Chief Financial Officer

investors@heritagepci.com

SOURCE Heritage Insurance Holdings, Inc.

Filing Exhibits & Attachments

4 documents

Press Releases

• EX-99.1 EX-99.1 11.8 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.1 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 16.8 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 10.6 KB