Heritage Insurance Is Based In Clearwater, Florida. We offer home, condo, rental property, and commercial residential insurance through a large network of experienced independent agents. Our team is committed to providing homeowners with the highest quality property insurance along with some of the most competitive rates in Florida. Experience That Matters. The management team at Heritage has over 500 years of combined experience in the Florida Homeowners Insurance market. We understand the importance of customer service, which is why our staff is always available to handle any question or claim. We know the importance of getting families back to normal as quickly as possible.

Employee Rating

2.4More
TypePublic
HQClearwater, US
Size (employees)308 (est)
Websiteheritagepci.com
Heritage Insurance Holdings is headquartered in Clearwater, US
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Key People/Management at Heritage Insurance Holdings

Richard Widdicombe

Richard Widdicombe

President
Ernie Garateix

Ernie Garateix

COO
Kirk Lusk

Kirk Lusk

President of Commercial Division
Randy Jones

Randy Jones

President of Commercial Division
Timothy Paddock

Timothy Paddock

Executive Vice President & Director of Investor Relations
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Heritage Insurance Holdings Office Locations

Heritage Insurance Holdings has offices in Clearwater, West Palm Beach, Tampa, Atlanta and in 7 other locations
Clearwater, US (HQ)
300 2600 McCormick Dr
Show all (11)
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Heritage Insurance Holdings Financials and Metrics

Heritage Insurance Holdings Revenue

Heritage Insurance Holdings's revenue was reported to be $406.62 m in FY, 2017
USD

Revenue (Q2, 2018)

118.0m

Net income (Q2, 2018)

2.4m

EBIT (Q2, 2018)

8.2m

Market capitalization (14-Dec-2018)

386.2m

Closing stock price (14-Dec-2018)

14.5

Cash (30-Jun-2018)

218.3m

EV

345.2m
Heritage Insurance Holdings's current market capitalization is $386.2 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

5.6m394.8m439.0m406.6m

Revenue growth, %

6912%11%

General and administrative expense

7.9m46.1m58.9m71.7m

Operating expense total

7.9m244.5m382.2m357.1m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

46.5m58.0m105.1m99.1m89.2m111.6m115.3m109.3m99.3m96.9m101.8m112.0m118.0m

General and administrative expense

5.8m7.1m11.2m11.9m10.2m14.4m16.0m14.2m17.3m16.1m15.4m

Operating expense total

31.4m41.9m56.8m58.1m61.5m99.5m85.5m90.7m87.4m83.9m100.4m87.2m109.8m

EBIT

11.9m13.1m1.4m24.8m8.2m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

160.5m236.3m105.8m153.7m

Accounts Receivable

13.4m

Inventories

41.6m567.0m

PP&E

17.1m17.1m17.2m18.7m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

182.1m101.6m160.8m131.7m201.3m168.9m143.0m130.8m104.7m134.2m352.3m193.6m218.3m

Inventories

157.0m251.1m402.7m438.7m395.7m481.2m550.1m549.8m605.8m601.2m519.9m502.9m524.9m

PP&E

13.8m16.7m17.7m17.4m17.4m17.5m17.9m17.6m16.9m16.5m16.2m18.4m18.3m

Goodwill

47.3m48.8m48.3m46.5m46.5m46.5m152.5m152.5m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(5.5m)92.5m33.9m(1.1m)

Depreciation and Amortization

777.0k1.4m9.0m7.7m

Inventories

(19.1m)4.5m(3.1m)

Accounts Payable

11.6m(5.4m)774.0k
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

17.5m10.0m30.1m55.5m72.3m7.4m25.8m10.9m6.0m3.9m14.8m17.2m

Depreciation and Amortization

272.0k602.0k926.0k398.0k3.6m2.8m5.9m7.0m14.0m

Cash From Operating Activities

35.7m85.1m117.5m57.0m104.3m6.5m98.7m(12.1m)48.3m

Cash From Investing Activities

(19.9m)(116.8m)(83.1m)(113.2m)(177.6m)(1.2m)84.6m55.7m30.9m
USDY, 2018

EV/EBIT

42.4 x

EV/CFO

7.1 x

Debt/Equity

0.5 x

Debt/Assets

0.1 x

Financial Leverage

5.2 x
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Heritage Insurance Holdings Operating Metrics

Heritage Insurance Holdings's Reported Claims, units was reported to be 3.6 k in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

In-Force Policies

209.40 k220 k221.70 k240.56 k257.13 k266.32 k331 k327 k323.30 k321.25 k316 k

Reported Claims, units

7.77 k11.07 k3.71 k14.60 k3.64 k
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Heritage Insurance Holdings News and Updates

Heritage Insurance Holdings, Inc. To Present at the Southwest IDEAS Investor Conference on November 14th

CLEARWATER, Fla., Nov. 9, 2018 /PRNewswire/ -- Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Heritage" or the "Company"), a property and casualty insurance holding company, announced today that Bruce Lucas, Chairman & Chief Executive Officer, and Kirk Lusk, Chief Financial Officer,...

Heritage Insurance Holdings, Inc. Sets Third Quarter 2018 Earnings Release and Call Dates

CLEARWATER, Fla., Oct. 18, 2018 /PRNewswire/ -- Heritage Insurance Holdings, Inc. (NYSE: HRTG), a property and casualty insurance holding company, will announce third quarter 2018 financial results after the market closes on Wednesday, October 31, 2018, followed by an 8:30 am ET...

Heritage Insurance Holdings, Inc. Receives KBRA Financial Strength and Investment Grade Issuer Ratings

CLEARWATER, Fla., Oct. 1, 2018 /PRNewswire/ -- Heritage Insurance Holdings, Inc. (HIH) (NYSE: HRTG) ("Heritage" or the "Company"), a property and casualty insurance holding company, announced today that Kroll Bond Rating Agency (KBRA) has assigned the following insurance financial...

Heritage Insurance Holdings, Inc. Sets August 3, 2018 for Second Quarter 2018 Earnings Results Call

CLEARWATER, Fla., July 25, 2018 /PRNewswire/ -- Heritage Insurance Holdings, Inc. (NYSE: HRTG), a property and casualty insurance holding company, will announce second quarter 2018 financial results after the market closes on Thursday, August 2, 2018. Heritage Insurance management will...
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Heritage Insurance Holdings Company Life and Culture

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Heritage Insurance Holdings Frequently Asked Questions

  • Who are Heritage Insurance Holdings key executives?

    Heritage Insurance Holdings's key executives are Richard Widdicombe, Ernie Garateix and Kirk Lusk.

  • How many employees does Heritage Insurance Holdings have?

    Heritage Insurance Holdings has 308 employees.

  • What is Heritage Insurance Holdings revenue?

    Latest Heritage Insurance Holdings annual revenue is $406.6 m.

  • What is Heritage Insurance Holdings revenue per employee?

    Latest Heritage Insurance Holdings revenue per employee is $1.3 m.

  • Who are Heritage Insurance Holdings competitors?

    Competitors of Heritage Insurance Holdings include Great Jones, Hemfosa Fastigheter and MassHousing.

  • Where is Heritage Insurance Holdings headquarters?

    Heritage Insurance Holdings headquarters is located at 300 2600 McCormick Dr, Clearwater.

  • Where are Heritage Insurance Holdings offices?

    Heritage Insurance Holdings has offices in Clearwater, West Palm Beach, Tampa, Atlanta and in 7 other locations.

  • How many offices does Heritage Insurance Holdings have?

    Heritage Insurance Holdings has 11 offices.