OverviewSuggest Edit

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.
TypePublic
HQClearwater, US
Websiteheritagepci.com
Employee Ratings2.2

Latest Updates

Employees (est.) (Dec 2018)438(+3%)
Job Openings37
Revenue (FY, 2018)$480.2 M(+19%)
Share Price (Dec 2019)$13.5 (-1%)

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, Birmingham, Fort Myers, Jacksonville and in 7 other locations
Clearwater, US (HQ)
2600 McCormick Dr #300
Birmingham, US
Birmingham, AL, USA
Fort Myers, US
Fort Myers, FL, USA
Jacksonville, US
Jacksonville, FL, USA
Orlando, US
Orlando, FL, USA
Safety Harbor, US
Safety Harbor, FL, USA
Show all (11)

Heritage Insurance Holdings Financials and Metrics

Heritage Insurance Holdings Revenue

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View revenue for all periods
Heritage Insurance Holdings's revenue was reported to be $480.17 m in FY, 2018
USD

Revenue (Q3, 2019)

131.7m

Gross profit (Q3, 2019)

61.6m

Gross profit margin (Q3, 2019), %

46.8%

Net income (Q3, 2019)

8.1m

EBIT (Q3, 2019)

13.5m

Market capitalization (2-Dec-2019)

399.6m

Closing stock price (2-Dec-2019)

13.5

Cash (30-Sept-2019)

230.0m

EV

300.5m
Heritage Insurance Holdings's current market capitalization is $399.6 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

233.8m394.8m439.0m406.6m480.2m

Revenue growth, %

6912%11%

Cost of goods sold

89.6m141.2m238.9m201.5m237.4m

Gross profit

144.3m253.6m200.1m205.1m242.7m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

160.5m236.3m105.8m153.7m250.1m

Accounts Receivable

13.4m

Inventories

41.6m

PP&E

17.1m17.1m17.2m18.7m18.0m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(5.5m)92.5m33.9m(1.1m)27.2m

Depreciation and Amortization

777.0k1.4m9.0m7.7m27.1m

Inventories

(19.1m)4.5m(3.1m)

Accounts Payable

11.6m(5.4m)774.0k
USDY, 2019

EV/EBIT

22.3 x

EV/CFO

2.6 x

Financial Leverage

4.1 x
Show all financial metrics

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
Show all operating metrics

Heritage Insurance Holdings Online and Social Media Presence

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Heritage Insurance Holdings News and Updates

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

CLEARWATER, Fla., Jan. 10, 2019 /PRNewswire/ -- Heritage Insurance Holdings, Inc. (NYSE: HRTG), a property and casualty insurance holding company, will announce fourth quarter 2018 financial results after the market closes on Thursday, February 28, 2019, followed by an 8:30 am ET...

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...

Heritage Insurance Holdings Blogs

Heritage to Present at the LD Micro Main Event on December 11th

CLEARWATER, Fla., Nov. 26, 2019 /PRNewswire/ -- Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Heritage" or the "Company"), a property and casualty insurance holding company, announced today that Arash Soleimani, Executive Vice President, will present at the 12th annual LD Micro Main Event investo…

Heritage Reports Third Quarter 2019 Results

CLEARWATER, Fla., Oct. 31, 2019 /PRNewswire/ -- Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Heritage" or the "Company"), a property and casualty insurance holding company, today reported third quarter 2019 financial results.Third Quarter 2019 HighlightsNet income for the quarter was $8.1 millio…

Heritage Sets Third Quarter 2019 Earnings Release and Call Dates

CLEARWATER, Fla., Oct. 11, 2019 /PRNewswire/ -- Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Heritage" or the "Company"), a property and casualty insurance holding company, will announce third quarter 2019 financial results after the market closes on Thursday, October 31, 2019, followed by an 8:…

Heritage to Present at the Sidoti & Company Fall Investor Conference on September 25th

CLEARWATER, Fla., Sept. 9, 2019 /PRNewswire/ -- Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Heritage" or the "Company"), a property and casualty insurance holding company, announced today that Arash Soleimani, Executive Vice President, will present at the Sidoti & Company Fall 2019 Investor…

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 438 employees.

  • What is Heritage Insurance Holdings revenue?

    Latest Heritage Insurance Holdings annual revenue is $480.2 m.

  • What is Heritage Insurance Holdings revenue per employee?

    Latest Heritage Insurance Holdings revenue per employee is $1.1 m.

  • Who are Heritage Insurance Holdings competitors?

    Competitors of Heritage Insurance Holdings include Ziroom, Hispania Activos Inmobiliarios and Cozy Services.

  • Where is Heritage Insurance Holdings headquarters?

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

  • Where are Heritage Insurance Holdings offices?

    Heritage Insurance Holdings has offices in Clearwater, Birmingham, Fort Myers, Jacksonville and in 7 other locations.

  • How many offices does Heritage Insurance Holdings have?

    Heritage Insurance Holdings has 11 offices.