Free Trial

Heritage Insurance (HRTG) Financials

Heritage Insurance logo
$24.10 +0.68 (+2.90%)
Closing price 03:59 PM Eastern
Extended Trading
$22.66 -1.44 (-5.95%)
As of 07:10 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for Heritage Insurance

Annual Income Statements for Heritage Insurance

This table shows Heritage Insurance's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Income / (Loss) Attributable to Common Shareholders
62 45 -154
Consolidated Net Income / (Loss)
62 45 -154
Net Income / (Loss) Continuing Operations
62 45 -154
Total Pre-Tax Income
83 52 -166
Total Revenue
806 724 654
Net Interest Income / (Expense)
-11 -11 -8.81
Total Interest Income
0.00 0.00 0.00
Total Interest Expense
11 11 8.81
Long-Term Debt Interest Expense
11 11 8.81
Total Non-Interest Income
817 735 662
Other Service Charges
13 14 14
Net Realized & Unrealized Capital Gains on Investments
36 25 12
Premiums Earned
768 697 637
Total Non-Interest Expense
723 672 820
Property & Liability Insurance Claims
447 426 501
Insurance Policy Acquisition Costs
191 168 156
Other Operating Expenses
85 78 70
Impairment Charge
0.00 0.77 92
Income Tax Expense
21 6.70 -12
Basic Earnings per Share
$2.01 $1.73 ($5.86)
Weighted Average Basic Shares Outstanding
30.60M 26.19M 26.34M
Diluted Earnings per Share
$2.01 $1.73 ($5.86)
Weighted Average Diluted Shares Outstanding
30.65M 26.25M 26.34M
Weighted Average Basic & Diluted Shares Outstanding
42.84M 30.22M 25.56M

Quarterly Income Statements for Heritage Insurance

This table shows Heritage Insurance's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders
20 8.15 19 14 31 -7.42 7.78 14 13 -48
Consolidated Net Income / (Loss)
20 8.15 19 14 31 -7.42 7.78 14 13 -48
Net Income / (Loss) Continuing Operations
20 8.15 19 14 31 -7.42 7.78 14 13 -48
Total Pre-Tax Income
29 8.99 25 20 33 -12 14 17 12 -49
Total Revenue
208 209 201 188 184 184 183 174 170 165
Net Interest Income / (Expense)
-2.57 -2.76 -2.78 -2.83 -3.00 -2.59 -2.74 -2.88 -3.06 -2.03
Total Interest Expense
2.57 2.76 2.78 2.83 3.00 2.59 2.74 2.88 3.06 2.03
Long-Term Debt Interest Expense
2.57 2.76 2.78 2.83 3.00 2.59 2.74 2.88 3.06 2.03
Total Non-Interest Income
210 212 204 191 187 186 185 177 175 165
Other Service Charges
3.20 3.20 3.47 3.33 3.47 3.17 3.48 3.41 3.63 2.92
Net Realized & Unrealized Capital Gains on Investments
7.79 9.81 9.78 8.55 5.79 6.49 5.03 7.48 4.79 2.88
Premiums Earned
199 199 190 179 178 177 177 166 166 160
Total Non-Interest Expense
179 200 176 169 151 196 169 157 160 213
Property & Liability Insurance Claims
109 130 106 102 91 131 107 97 104 156
Insurance Policy Acquisition Costs
49 49 47 47 43 42 41 40 40 39
Other Operating Expenses
21 22 23 20 17 22 20 19 15 18
Income Tax Expense
8.66 0.84 5.99 5.65 2.23 -4.60 5.87 3.20 -0.65 -1.10
Basic Earnings per Share
$0.65 $0.27 $0.62 $0.47 $1.16 ($0.28) $0.30 $0.55 $0.44 ($1.83)
Weighted Average Basic Shares Outstanding
30.60M 30.68M 30.65M 30.38M 26.19M 26.70M 25.57M 25.56M 26.34M 26.37M
Diluted Earnings per Share
$0.66 $0.27 $0.61 $0.47 $1.16 ($0.28) $0.30 $0.55 $0.44 ($1.83)
Weighted Average Diluted Shares Outstanding
30.65M 30.74M 30.71M 30.44M 26.25M 26.70M 25.63M 25.62M 26.34M 26.37M
Weighted Average Basic & Diluted Shares Outstanding
42.84M 30.68M 30.68M 30.64M 30.22M 39.02M 25.56M 26.47M 25.56M 25.88M

Annual Cash Flow Statements for Heritage Insurance

This table details how cash moves in and out of Heritage Insurance's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Change in Cash & Equivalents
-9.69 186 -77
Net Cash From Operating Activities
87 70 -34
Net Cash From Continuing Operating Activities
87 70 -34
Net Income / (Loss) Continuing Operations
62 45 -154
Consolidated Net Income / (Loss)
62 45 -154
Provision For Loan Losses
0.05 0.86 -0.00
Depreciation Expense
9.55 8.69 8.36
Amortization Expense
-1.79 -3.02 4.16
Non-Cash Adjustments to Reconcile Net Income
192 -283 626
Changes in Operating Assets and Liabilities, net
-175 301 -518
Net Cash From Investing Activities
-92 101 -38
Net Cash From Continuing Investing Activities
-92 101 -38
Purchase of Property, Leasehold Improvements and Equipment
-8.23 -9.89 -12
Purchase of Investment Securities
-287 -231 -135
Sale and/or Maturity of Investments
204 342 110
Net Cash From Financing Activities
-5.19 15 -5.06
Net Cash From Continuing Financing Activities
-5.19 15 -5.06
Issuance of Debt
5.50 0.00 35
Issuance of Common Equity
-0.00 25 0.00
Repayment of Debt
-9.77 -9.68 -5.32
Repurchase of Common Equity
0.00 0.00 -30
Payment of Dividends
0.05 -0.01 -4.77
Other Financing Activities, Net
-0.97 -0.43 -0.09
Cash Interest Paid
9.47 9.31 7.84
Cash Income Taxes Paid
13 8.57 -0.29

Quarterly Cash Flow Statements for Heritage Insurance

This table details how cash moves in and out of Heritage Insurance's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents
-57 29 94 -76 235 -18 -80 49 -16 7.47
Net Cash From Operating Activities
-56 -13 152 4.31 100 -53 9.17 15 -19 32
Net Cash From Continuing Operating Activities
-56 -13 152 4.31 100 -53 9.17 15 -19 32
Net Income / (Loss) Continuing Operations
20 8.15 19 14 31 -7.42 7.78 14 13 -48
Consolidated Net Income / (Loss)
20 8.15 19 14 31 -7.42 7.78 14 13 -48
Provision For Loan Losses
0.74 0.02 0.10 -0.80 0.80 -0.04 0.06 0.03 -0.01 0.01
Depreciation Expense
2.82 2.24 2.27 2.23 2.23 2.20 2.14 2.13 2.13 2.13
Amortization Expense
0.07 -0.73 -0.60 -0.53 -0.90 -1.10 -0.86 -0.16 0.68 0.96
Non-Cash Adjustments to Reconcile Net Income
265 -49 -18 -6.00 -125 152 -154 -156 -77 617
Changes in Operating Assets and Liabilities, net
-345 26 150 -4.82 191 -199 154 155 43 -539
Net Cash From Investing Activities
2.24 45 -55 -83 113 38 -87 37 -4.36 -19
Net Cash From Continuing Investing Activities
2.24 45 -55 -83 113 38 -87 37 -4.36 -19
Purchase of Property, Leasehold Improvements and Equipment
-2.56 -2.98 -2.46 -0.23 -1.45 -2.35 -3.68 -2.41 -3.93 -3.71
Purchase of Investment Securities
-99 18 -94 -113 20 277 -418 -110 -39 -29
Sale and/or Maturity of Investments
104 30 41 30 95 -237 335 149 39 13
Net Cash From Financing Activities
-3.42 -2.44 -2.44 3.11 22 -2.44 -2.44 -2.38 6.89 -5.13
Net Cash From Continuing Financing Activities
-3.42 -2.44 -2.44 3.11 22 -2.44 -2.44 -2.38 6.89 -5.13
Repayment of Debt
-2.45 -2.44 -2.44 -2.44 -2.44 -2.44 -2.44 -2.36 20 -12
Repurchase of Common Equity
0.00 - - - - - - - -23 -1.73
Other Financing Activities, Net
-0.97 - -0.05 0.05 -0.42 - 0.01 -0.02 -0.04 -
Cash Interest Paid
2.24 2.67 2.15 2.40 2.51 2.05 2.38 2.38 3.59 1.97
Cash Income Taxes Paid
-0.11 0.52 12 0.00 0.90 1.22 7.12 -0.68 -6.51 0.34

Annual Balance Sheets for Heritage Insurance

This table presents Heritage Insurance's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Total Assets
2,469 2,120 2,393
Cash and Due from Banks
453 464 281
Restricted Cash
11 9.70 6.69
Trading Account Securities
657 562 637
Loans and Leases, Net of Allowance
0.00 0.00 0.00
Accrued Investment Income
5.59 4.07 3.82
Premises and Equipment, Net
38 33 26
Unearned Premiums Asset
412 866 1,205
Deferred Acquisition Cost
63 69 100
Intangible Assets
36 43 50
Other Assets
793 69 84
Total Liabilities & Shareholders' Equity
2,469 2,120 2,393
Total Liabilities
2,178 1,899 2,262
Non-Interest Bearing Deposits
15 24 27
Long-Term Debt
116 120 129
Claims and Claim Expense
1,043 846 1,132
Unearned Premiums Liability
703 676 657
Other Long-Term Liabilities
301 234 318
Commitments & Contingencies
0.00 0.00 0.00
Total Equity & Noncontrolling Interests
291 220 131
Total Preferred & Common Equity
291 220 131
Total Common Equity
291 220 131
Common Stock
363 360 335
Retained Earnings
88 26 -19
Treasury Stock
-131 -131 -131
Accumulated Other Comprehensive Income / (Loss)
-29 -35 -54

Quarterly Balance Sheets for Heritage Insurance

This table presents Heritage Insurance's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets
2,374 2,599 2,130 2,369 2,357 2,159 2,523
Cash and Due from Banks
510 481 386 229 247 330 298
Restricted Cash
11 11 11 9.73 9.68 6.70 6.27
Trading Account Securities
674 701 646 653 697 615 635
Loans and Leases, Net of Allowance
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accrued Investment Income
5.23 5.15 4.58 3.73 3.57 3.54 3.52
Premises and Equipment, Net
37 35 33 32 31 28 23
Unearned Premiums Asset
929 1,143 837 1,211 1,140 951 457
Deferred Acquisition Cost
109 115 104 104 107 98 101
Intangible Assets
38 39 41 44 46 48 51
Other Assets
61 70 67 81 77 79 948
Total Liabilities & Shareholders' Equity
2,374 2,599 2,130 2,369 2,357 2,159 2,523
Total Liabilities
2,095 2,344 1,895 2,217 2,196 2,004 2,405
Non-Interest Bearing Deposits
28 26 37 34 39 40 38
Long-Term Debt
119 121 123 122 124 127 121
Claims and Claim Expense
775 822 844 971 818 981 1,209
Unearned Premiums Liability
724 766 691 689 716 650 652
Other Long-Term Liabilities
449 609 200 401 499 207 384
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
279 255 235 151 161 155 118
Total Preferred & Common Equity
279 255 235 151 161 155 118
Total Common Equity
279 255 235 151 161 155 118
Common Stock
363 362 361 337 336 335 334
Retained Earnings
67 59 40 -4.83 2.60 -5.18 -32
Treasury Stock
-131 -131 -131 -131 -131 -131 -130
Accumulated Other Comprehensive Income / (Loss)
-20 -35 -35 -50 -47 -44 -55

Annual Metrics And Ratios for Heritage Insurance

This table displays calculated financial ratios and metrics derived from Heritage Insurance's official financial filings.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Growth Metrics
- - -
Revenue Growth
11.29% 10.81% 4.82%
EBITDA Growth
56.81% 137.54% -148.84%
EBIT Growth
58.98% 131.30% -118.55%
NOPAT Growth
35.83% 138.95% -118.55%
Net Income Growth
35.83% 129.35% -106.57%
EPS Growth
16.19% 129.52% -117.84%
Operating Cash Flow Growth
23.69% 305.53% -156.98%
Free Cash Flow Firm Growth
83.97% -139.68% 88.96%
Invested Capital Growth
19.74% 30.78% -43.95%
Revenue Q/Q Growth
3.03% 2.04% 0.74%
EBITDA Q/Q Growth
-2.86% 61.08% 26.02%
EBIT Q/Q Growth
-4.86% 81.46% 24.77%
NOPAT Q/Q Growth
-14.75% 68.65% 25.45%
Net Income Q/Q Growth
-14.75% 68.65% 28.56%
EPS Q/Q Growth
-19.92% 71.29% 27.39%
Operating Cash Flow Q/Q Growth
-64.15% 246.33% -21.83%
Free Cash Flow Firm Q/Q Growth
89.35% -356.46% -33.45%
Invested Capital Q/Q Growth
2.32% 24.34% 8.79%
Profitability Metrics
- - -
EBITDA Margin
11.22% 7.96% -23.51%
EBIT Margin
10.26% 7.18% -25.42%
Profit (Net Income) Margin
7.63% 6.26% -23.62%
Tax Burden Percent
74.43% 87.12% 92.89%
Interest Burden Percent
100.00% 100.00% 100.00%
Effective Tax Rate
25.56% 12.88% 0.00%
Return on Invested Capital (ROIC)
16.47% 15.10% -32.14%
ROIC Less NNEP Spread (ROIC-NNEP)
16.47% 15.10% -62.61%
Return on Net Nonoperating Assets (RNNOA)
7.61% 10.69% -32.98%
Return on Equity (ROE)
24.08% 25.79% -65.12%
Cash Return on Invested Capital (CROIC)
-1.49% -11.57% 24.18%
Operating Return on Assets (OROA)
3.60% 2.31% -7.60%
Return on Assets (ROA)
2.68% 2.01% -7.06%
Return on Common Equity (ROCE)
24.08% 25.79% -65.12%
Return on Equity Simple (ROE_SIMPLE)
21.16% 20.57% -117.80%
Net Operating Profit after Tax (NOPAT)
62 45 -116
NOPAT Margin
7.63% 6.26% -17.80%
Net Nonoperating Expense Percent (NNEP)
0.00% 0.00% 30.47%
SG&A Expenses to Revenue
0.00% 0.00% 0.00%
Operating Expenses to Revenue
89.74% 92.82% 125.42%
Earnings before Interest and Taxes (EBIT)
83 52 -166
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
90 58 -154
Valuation Ratios
- - -
Price to Book Value (P/BV)
1.28 1.15 0.36
Price to Tangible Book Value (P/TBV)
1.46 1.43 0.57
Price to Revenue (P/Rev)
0.46 0.35 0.07
Price to Earnings (P/E)
6.03 5.61 0.00
Dividend Yield
0.00% 0.00% 13.33%
Earnings Yield
16.57% 17.81% 0.00%
Enterprise Value to Invested Capital (EV/IC)
0.06 0.00 0.00
Enterprise Value to Revenue (EV/Rev)
0.03 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)
0.26 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)
0.29 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.39 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
0.28 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00
Leverage & Solvency
- - -
Debt to Equity
0.40 0.54 0.98
Long-Term Debt to Equity
0.40 0.54 0.98
Financial Leverage
0.46 0.71 0.53
Leverage Ratio
8.98 12.84 9.22
Compound Leverage Factor
8.98 12.84 9.22
Debt to Total Capital
28.57% 35.21% 49.60%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
28.57% 35.21% 49.60%
Preferred Equity to Total Capital
0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00%
Common Equity to Total Capital
71.43% 64.79% 50.40%
Debt to EBITDA
1.29 2.08 -0.84
Net Debt to EBITDA
-3.84 -6.13 1.03
Long-Term Debt to EBITDA
1.29 2.08 -0.84
Debt to NOPAT
1.89 2.64 -1.11
Net Debt to NOPAT
-5.64 -7.80 1.36
Long-Term Debt to NOPAT
1.89 2.64 -1.11
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00%
Liquidity Ratios
- - -
Cash Flow Metrics
- - -
Free Cash Flow to Firm (FCFF)
-5.57 -35 88
Operating Cash Flow to CapEx
1,058.26% 711.98% -276.69%
Free Cash Flow to Firm to Interest Expense
-0.51 -3.10 9.93
Operating Cash Flow to Interest Expense
7.97 6.28 -3.89
Operating Cash Flow Less CapEx to Interest Expense
7.21 5.40 -5.29
Efficiency Ratios
- - -
Asset Turnover
0.35 0.32 0.30
Fixed Asset Turnover
22.61 24.57 30.29
Capital & Investment Metrics
- - -
Invested Capital
407 340 260
Invested Capital Turnover
2.16 2.41 1.81
Increase / (Decrease) in Invested Capital
67 80 -204
Enterprise Value (EV)
24 -99 -112
Market Capitalization
371 254 47
Book Value per Share
$9.48 $8.41 $5.06
Tangible Book Value per Share
$8.29 $6.79 $3.15
Total Capital
407 340 260
Total Debt
116 120 129
Total Long-Term Debt
116 120 129
Net Debt
-347 -354 -159
Capital Expenditures (CapEx)
8.23 9.89 12
Net Nonoperating Expense (NNE)
0.00 0.00 38
Net Nonoperating Obligations (NNO)
116 120 129
Total Depreciation and Amortization (D&A)
7.76 5.67 13
Earnings Adjustments
- - -
Adjusted Basic Earnings per Share
$2.01 $1.73 ($5.86)
Adjusted Weighted Average Basic Shares Outstanding
30.60M 26.19M 26.34M
Adjusted Diluted Earnings per Share
$2.01 $1.73 ($5.86)
Adjusted Weighted Average Diluted Shares Outstanding
30.65M 26.25M 26.34M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
42.84M 30.22M 25.56M
Normalized Net Operating Profit after Tax (NOPAT)
62 46 -52
Normalized NOPAT Margin
7.63% 6.35% -7.95%
Pre Tax Income Margin
10.26% 7.18% -25.42%
Debt Service Ratios
- - -
EBIT to Interest Expense
7.56 4.64 -18.86
NOPAT to Interest Expense
5.63 4.04 -13.20
EBIT Less CapEx to Interest Expense
6.81 3.76 -20.27
NOPAT Less CapEx to Interest Expense
4.88 3.16 -14.61
Payout Ratios
- - -
Dividend Payout Ratio
-0.09% 0.02% -3.09%
Augmented Payout Ratio
-0.09% 0.02% -22.44%

Quarterly Metrics And Ratios for Heritage Insurance

This table displays calculated financial ratios and metrics derived from Heritage Insurance's official financial filings.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics
- - - - - - - - - -
Revenue Growth
12.90% 13.82% 9.98% 8.29% 8.53% 11.01% 12.69% 11.11% 2.92% 0.14%
EBITDA Growth
-7.71% 196.13% 77.71% 12.51% 173.19% 75.29% 117.74% 150.59% 130.49% -226.51%
EBIT Growth
-12.72% 174.79% 82.10% 15.48% 237.64% 74.58% 115.64% 141.59% 121.89% -169.92%
NOPAT Growth
-34.42% 196.84% 142.56% 1.55% 147.51% 75.62% 112.73% 148.36% 139.79% -181.48%
Net Income Growth
-34.42% 209.81% 142.56% 1.55% 147.51% 84.61% 108.85% 145.54% 125.40% -193.97%
EPS Growth
-43.10% 196.43% 103.33% -14.55% 163.64% 84.70% 109.04% 147.83% 124.86% -210.17%
Operating Cash Flow Growth
-156.21% 75.00% 1,559.54% -71.18% 631.19% -266.78% 210.13% 138.12% -48.55% 201.34%
Free Cash Flow Firm Growth
4.63% -171.14% -374.56% -145.13% -122.69% -116.95% -85.38% 22.67% 217.58% 838.60%
Invested Capital Growth
19.74% 45.51% 31.97% 27.19% 30.78% 14.42% -6.11% -30.59% -43.95% -54.61%
Revenue Q/Q Growth
-0.67% 4.14% 6.54% 3.91% 0.14% 0.62% 4.90% 2.68% 2.42% 2.14%
EBITDA Q/Q Growth
203.16% -60.41% 22.95% -32.39% 415.78% -173.19% -22.16% 51.85% 128.56% 47.46%
EBIT Q/Q Growth
221.87% -63.82% 25.08% -35.01% 375.82% -188.09% -20.68% 75.18% 120.77% 45.81%
NOPAT Q/Q Growth
148.95% -56.80% 32.65% -54.03% 467.58% -208.22% -44.47% 12.05% 136.20% 43.49%
Net Income Q/Q Growth
148.93% -56.80% 32.65% -54.03% 516.81% -195.44% -44.47% 12.05% 125.92% 45.10%
EPS Q/Q Growth
144.44% -55.74% 29.79% -59.48% 514.29% -193.33% -45.45% 25.00% 124.04% 44.88%
Operating Cash Flow Q/Q Growth
-319.59% -108.78% 3,433.66% -95.68% 286.60% -682.81% -38.63% 179.58% -158.59% 484.86%
Free Cash Flow Firm Q/Q Growth
59.75% -60.98% -15.97% -26.91% -14.45% -263.01% -80.94% -36.19% -14.49% 40.53%
Invested Capital Q/Q Growth
2.32% 5.79% 5.08% 5.27% 24.34% -4.05% 1.27% 8.25% 8.79% -21.27%
Profitability Metrics
- - - - - - - - - -
EBITDA Margin
15.33% 5.02% 13.21% 11.45% 18.75% -5.95% 8.18% 11.02% 7.45% -26.72%
EBIT Margin
13.94% 4.30% 12.38% 10.54% 18.03% -6.55% 7.48% 9.89% 5.80% -28.59%
Profit (Net Income) Margin
9.77% 3.90% 9.40% 7.55% 16.82% -4.04% 4.26% 8.05% 7.38% -29.15%
Tax Burden Percent
70.10% 90.64% 75.90% 71.58% 93.29% 61.73% 56.98% 81.39% 105.49% 97.78%
Interest Burden Percent
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 120.63% 104.28%
Effective Tax Rate
29.90% 9.36% 24.10% 28.42% 6.71% 0.00% 43.02% 18.61% -5.49% 0.00%
Return on Invested Capital (ROIC)
21.08% 9.09% 21.52% 17.44% 40.61% -12.70% 10.01% 15.73% 13.32% -35.38%
ROIC Less NNEP Spread (ROIC-NNEP)
21.08% 9.09% 21.52% 17.44% 40.61% -11.88% 10.01% 15.73% 13.32% -46.67%
Return on Net Nonoperating Assets (RNNOA)
9.74% 5.08% 12.68% 11.18% 28.75% -10.74% 7.26% 9.02% 7.02% -21.67%
Return on Equity (ROE)
30.82% 14.16% 34.20% 28.62% 69.36% -23.44% 17.27% 24.75% 20.34% -57.05%
Cash Return on Invested Capital (CROIC)
-1.49% -15.57% -10.44% -9.70% -11.57% -2.97% 4.72% 14.19% 24.18% 34.36%
Operating Return on Assets (OROA)
4.90% 1.42% 3.78% 3.63% 5.79% -1.90% 2.36% 3.32% 1.73% -7.78%
Return on Assets (ROA)
3.43% 1.29% 2.87% 2.60% 5.40% -1.17% 1.34% 2.70% 2.20% -7.93%
Return on Common Equity (ROCE)
30.82% 14.16% 34.20% 28.62% 69.36% -23.44% 17.27% 24.75% 20.34% -57.05%
Return on Equity Simple (ROE_SIMPLE)
0.00% 25.84% 22.17% 19.38% 0.00% 17.75% -8.69% -70.83% 0.00% -183.59%
Net Operating Profit after Tax (NOPAT)
20 8.15 19 14 31 -8.42 7.78 14 13 -35
NOPAT Margin
9.77% 3.90% 9.40% 7.55% 16.82% -4.58% 4.26% 8.05% 7.38% -20.87%
Net Nonoperating Expense Percent (NNEP)
0.00% 0.00% 0.00% 0.00% 0.00% -0.82% 0.00% 0.00% 0.00% 11.29%
SG&A Expenses to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
86.06% 95.70% 87.62% 89.46% 81.97% 106.55% 92.52% 90.11% 94.20% 128.59%
Earnings before Interest and Taxes (EBIT)
29 8.99 25 20 33 -12 14 17 9.82 -47
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
32 11 27 22 34 -11 15 19 13 -44
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
1.28 1.34 0.85 1.37 1.15 1.10 0.63 0.51 0.36 0.51
Price to Tangible Book Value (P/TBV)
1.46 1.56 1.00 1.66 1.43 1.55 0.89 0.74 0.57 0.90
Price to Revenue (P/Rev)
0.46 0.48 0.29 0.44 0.35 0.23 0.15 0.12 0.07 0.09
Price to Earnings (P/E)
6.03 5.20 3.83 7.07 5.61 6.17 0.00 0.00 0.00 0.00
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 7.79% 13.33% 10.62%
Earnings Yield
16.57% 19.22% 26.10% 14.15% 17.81% 16.20% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
0.06 0.00 0.00 0.13 0.00 0.18 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)
0.03 0.00 0.00 0.06 0.00 0.07 0.00 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)
0.26 0.00 0.00 0.79 0.00 1.38 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)
0.29 0.00 0.00 0.87 0.00 1.72 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.39 0.00 0.00 1.04 0.00 1.84 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
0.28 0.00 0.00 0.79 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.40 0.42 0.47 0.52 0.54 0.81 0.77 0.82 0.98 1.03
Long-Term Debt to Equity
0.40 0.42 0.47 0.52 0.54 0.81 0.77 0.82 0.98 1.03
Financial Leverage
0.46 0.56 0.59 0.64 0.71 0.90 0.73 0.57 0.53 0.46
Leverage Ratio
8.98 11.01 11.92 11.01 12.84 18.18 12.86 9.15 9.22 9.13
Compound Leverage Factor
8.98 11.01 11.92 11.01 12.84 18.18 12.86 9.15 11.13 9.52
Debt to Total Capital
28.57% 29.79% 32.11% 34.37% 35.21% 44.64% 43.64% 45.02% 49.60% 50.75%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
28.57% 29.79% 32.11% 34.37% 35.21% 44.64% 43.64% 45.02% 49.60% 50.75%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
71.43% 70.21% 67.89% 65.63% 64.79% 55.36% 56.36% 54.98% 50.40% 49.25%
Debt to EBITDA
1.29 1.27 1.69 2.05 2.08 3.41 49.49 -1.31 -0.84 -0.58
Net Debt to EBITDA
-3.84 -4.32 -5.18 -4.57 -6.13 -3.25 -52.68 2.17 1.03 0.88
Long-Term Debt to EBITDA
1.29 1.27 1.69 2.05 2.08 3.41 49.49 -1.31 -0.84 -0.58
Debt to NOPAT
1.89 1.64 2.13 2.70 2.64 4.54 -26.83 -1.68 -1.11 -0.78
Net Debt to NOPAT
-5.64 -5.57 -6.56 -6.03 -7.80 -4.34 28.56 2.79 1.36 1.17
Long-Term Debt to NOPAT
1.89 1.64 2.13 2.70 2.64 4.54 -26.83 -1.68 -1.11 -0.78
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - -
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-47 -116 -72 -62 -49 -43 26 138 216 253
Operating Cash Flow to CapEx
-2,187.98% -449.24% 6,180.67% 1,881.22% 6,903.60% -2,272.04% 249.33% 619.39% -477.62% 864.72%
Free Cash Flow to Firm to Interest Expense
-18.22 -42.21 -25.99 -22.01 -16.37 -16.55 9.60 47.91 70.72 124.81
Operating Cash Flow to Interest Expense
-21.83 -4.85 54.76 1.52 33.27 -20.63 3.35 5.19 -6.14 15.81
Operating Cash Flow Less CapEx to Interest Expense
-22.83 -5.93 53.87 1.44 32.79 -21.54 2.01 4.35 -7.42 13.99
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.35 0.33 0.31 0.34 0.32 0.29 0.32 0.34 0.30 0.27
Fixed Asset Turnover
22.61 22.61 23.21 24.47 24.57 25.72 27.48 29.99 30.29 31.86
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
407 398 376 358 340 273 285 281 260 239
Invested Capital Turnover
2.16 2.33 2.29 2.31 2.41 2.77 2.35 1.95 1.81 1.70
Increase / (Decrease) in Invested Capital
67 124 91 77 80 34 -19 -124 -204 -288
Enterprise Value (EV)
24 -27 -154 47 -99 49 -30 -131 -112 -122
Market Capitalization
371 376 217 322 254 166 102 79 47 60
Book Value per Share
$9.48 $9.10 $8.33 $7.77 $8.41 $5.92 $6.07 $6.05 $5.06 $4.43
Tangible Book Value per Share
$8.29 $7.87 $7.05 $6.42 $6.79 $4.20 $4.34 $4.18 $3.15 $2.50
Total Capital
407 398 376 358 340 273 285 281 260 239
Total Debt
116 119 121 123 120 122 124 127 129 121
Total Long-Term Debt
116 119 121 123 120 122 124 127 129 121
Net Debt
-347 -402 -371 -274 -354 -117 -132 -210 -159 -183
Capital Expenditures (CapEx)
2.56 2.98 2.46 0.23 1.45 2.35 3.68 2.41 3.93 3.71
Net Nonoperating Expense (NNE)
0.00 0.00 0.00 0.00 0.00 -0.99 0.00 0.00 0.00 14
Net Nonoperating Obligations (NNO)
116 119 121 123 120 122 124 127 129 121
Total Depreciation and Amortization (D&A)
2.89 1.51 1.67 1.70 1.33 1.10 1.28 1.97 2.80 3.09
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$0.65 $0.27 $0.62 $0.47 $1.16 ($0.28) $0.30 $0.55 $0.44 ($1.83)
Adjusted Weighted Average Basic Shares Outstanding
30.60M 30.68M 30.65M 30.38M 26.19M 26.70M 25.57M 25.56M 26.34M 26.37M
Adjusted Diluted Earnings per Share
$0.66 $0.27 $0.61 $0.47 $1.16 ($0.28) $0.30 $0.55 $0.44 ($1.83)
Adjusted Weighted Average Diluted Shares Outstanding
30.65M 30.74M 30.71M 30.44M 26.25M 26.70M 25.63M 25.62M 26.34M 26.37M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
42.84M 30.68M 30.68M 30.64M 30.22M 39.02M 25.56M 26.47M 25.56M 25.88M
Normalized Net Operating Profit after Tax (NOPAT)
20 8.15 19 14 31 -8.42 8.22 14 8.30 -35
Normalized NOPAT Margin
9.77% 3.90% 9.40% 7.55% 16.82% -4.58% 4.50% 8.05% 4.89% -20.87%
Pre Tax Income Margin
13.94% 4.30% 12.38% 10.54% 18.03% -6.55% 7.48% 9.89% 6.99% -29.81%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
11.27 3.26 8.94 7.02 11.06 -4.64 4.98 5.97 3.21 -23.34
NOPAT to Interest Expense
7.90 2.96 6.79 5.03 10.32 -3.25 2.84 4.86 4.09 -17.04
EBIT Less CapEx to Interest Expense
10.27 2.18 8.06 6.94 10.58 -5.55 3.64 5.14 1.93 -25.17
NOPAT Less CapEx to Interest Expense
6.90 1.88 5.90 4.95 9.84 -4.16 1.50 4.02 2.80 -18.87
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
-0.09% -0.07% -0.10% 0.00% 0.02% 0.04% -11.17% 0.00% -3.09% -2.99%
Augmented Payout Ratio
-0.09% -0.07% -0.09% 0.00% 0.02% 2.32% -27.97% 0.00% -22.44% -9.43%

Frequently Asked Questions About Heritage Insurance's Financials

When does Heritage Insurance's fiscal year end?

According to the most recent income statement we have on file, Heritage Insurance's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Heritage Insurance's net income changed over the last 2 years?

Heritage Insurance's net income appears to be on a downward trend, with a most recent value of $61.54 million in 2024, falling from -$154.36 million in 2022. The previous period was $45.31 million in 2023. View Heritage Insurance's forecast to see where analysts expect Heritage Insurance to go next.

How has Heritage Insurance revenue changed over the last 2 years?

Over the last 2 years, Heritage Insurance's total revenue changed from $653.65 million in 2022 to $806.05 million in 2024, a change of 23.3%.

How much debt does Heritage Insurance have?

Heritage Insurance's total liabilities were at $2.18 billion at the end of 2024, a 14.7% increase from 2023, and a 3.7% decrease since 2022.

How much cash does Heritage Insurance have?

In the past 2 years, Heritage Insurance's cash and equivalents has ranged from $280.88 million in 2022 to $463.64 million in 2023, and is currently $452.67 million as of their latest financial filing in 2024.

How has Heritage Insurance's book value per share changed over the last 2 years?

Over the last 2 years, Heritage Insurance's book value per share changed from 5.06 in 2022 to 9.48 in 2024, a change of 87.1%.



This page (NYSE:HRTG) was last updated on 5/27/2025 by MarketBeat.com Staff
From Our Partners