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Heritage Insurance (HRTG) Financials

Heritage Insurance logo
$20.02 +0.54 (+2.77%)
Closing price 03:59 PM Eastern
Extended Trading
$20.08 +0.05 (+0.27%)
As of 07:26 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.
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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 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 -154 45 62
Consolidated Net Income / (Loss)		 -154 45 62
Net Income / (Loss) Continuing Operations		 -154 45 62
Total Pre-Tax Income 		-166 52 83
Total Revenue		 654 724 806
Net Interest Income / (Expense)		 -8.81 -11 -11
Total Interest Income		 0.00 0.00 0.00
Total Interest Expense		 8.81 11 11
Long-Term Debt Interest Expense		 8.81 11 11
Total Non-Interest Income		 662 735 817
Other Service Charges		 14 14 13
Net Realized & Unrealized Capital Gains on Investments		 12 25 36
Premiums Earned		 637 697 768
Total Non-Interest Expense		 820 672 723
Property & Liability Insurance Claims		 501 426 447
Insurance Policy Acquisition Costs		 156 168 191
Other Operating Expenses		 70 78 85
Impairment Charge		 92 0.77 0.00
Income Tax Expense		 -12 6.70 21
Basic Earnings per Share		 ($5.86) $1.73 $2.01
Weighted Average Basic Shares Outstanding		 26.34M 26.19M 30.60M
Diluted Earnings per Share		 ($5.86) $1.73 $2.01
Weighted Average Diluted Shares Outstanding		 26.34M 26.25M 30.65M
Weighted Average Basic & Diluted Shares Outstanding		 25.56M 30.22M 42.84M

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

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

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

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

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

Annual Metrics and Ratios for Heritage Insurance

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

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

Quarterly Metrics and Ratios for Heritage Insurance

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

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

Frequently Asked Questions About Heritage Insurance's Financials

When does Heritage Insurance's financial year end?

According to the most recent income statement we have on file, Heritage Insurance's fiscal year ends in December. Their fiscal 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. Check out Heritage Insurance's forecast to explore projected trends and price targets.

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%.


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