$397.7 M

HRTG Mkt cap, 04-Dec-2018

$118 M

Heritage Insurance Holdings Revenue Q2, 2018
Heritage Insurance Holdings Net income (Q2, 2018)2.4 M
Heritage Insurance Holdings EBIT (Q2, 2018)8.2 M
Heritage Insurance Holdings Cash, 30-Jun-2018218.3 M
Heritage Insurance Holdings EV356.6 M

Heritage Insurance Holdings Income Statement

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

EBIT

56.8m49.5m

EBIT margin, %

13%12%

Interest expense

829.0k321.0k13.2m

Pre tax profit

(4.6m)150.3m56.4m(5.9m)

Income tax expense

859.0k57.8m22.5m(4.8m)

Net Income

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

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

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

Operating expense total

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

EBIT

11.9m13.1m1.4m24.8m8.2m

EBIT margin, %

12%13%1%22%7%

Interest expense

1.9m2.0m3.1m4.8m5.4m

Pre tax profit

15.1m16.1m48.3m41.0m27.7m12.0m29.8m18.6m9.7m10.8m(9.2m)20.0m3.3m

Income tax expense

5.5m6.1m18.2m15.6m10.9m4.6m11.4m7.7m3.7m4.2m(525.0k)5.2m898.0k

Net Income

9.6m10.0m30.1m25.4m16.8m7.4m18.4m10.9m6.0m6.6m(8.7m)14.8m2.4m

Heritage Insurance Holdings Balance Sheet

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

Goodwill

46.5m152.5m

Total Assets

615.0m837.4m1.0b1.8b

Accounts Payable

116.5m102.0m

Long-term debt

184.4m

Total Debt

184.4m

Total Liabilities

675.3m1.4b

Additional Paid-in Capital

188.3m202.6m205.7m294.8m

Retained Earnings

65.0m156.0m182.8m175.2m

Total Equity

255.1m356.6m358.0m379.8m

Financial Leverage

2.4 x2.3 x2.9 x4.7 x

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

Total Assets

525.8m522.8m668.6m854.1m855.0m879.0m1.1b1.1b955.4m1.1b1.6b1.9b2.0b

Long-term debt

188.6m185.1m177.3m

Total Debt

188.6m185.1m177.3m

Total Liabilities

304.2m291.3m380.8m542.0m522.6m522.8m750.6m676.5m594.6m783.4m1.3b1.5b1.6b

Additional Paid-in Capital

184.0m184.0m190.0m193.2m198.6m203.8m205.0m206.2m206.9m208.1m209.3m297.1m294.2m

Retained Earnings

35.4m45.3m95.1m120.5m137.3m161.8m178.3m187.4m187.0m191.9m179.9m188.6m189.4m

Total Equity

221.6m231.5m287.8m312.1m332.4m356.2m372.4m377.2m360.8m365.3m301.7m388.9m386.1m

Debt to Equity Ratio

0.5 x0.5 x

Debt to Assets Ratio

0.1 x0.1 x

Financial Leverage

2.4 x2.3 x2.3 x2.7 x2.6 x2.5 x3 x2.8 x2.6 x3.1 x5.3 x4.8 x5.2 x

Heritage Insurance Holdings Cash Flow

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

Cash From Operating Activities

49.5m153.9m75.1m7.6m

Cash From Investing Activities

(13.9m)(87.0m)(249.4m)(7.2m)

Cash From Financing Activities

28.3m8.9m43.8m47.6m

Interest Paid

48.0k16.0k4.1m

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

Dividends Paid

(1.6m)(3.2m)

Cash From Financing Activities

101.3m3.0m6.4m(11.2m)(20.0m)(6.3m)63.2m(3.7m)(18.6m)

Interest Paid

6.0m5.4m8.3m

Income Taxes Paid

9.3m5.4m

Heritage Insurance Holdings Ratios

USDY, 2018

EV/EBIT

43.8 x

EV/CFO

7.4 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
Report incorrect company information

Heritage Insurance Holdings Employee Rating

2.86 votes
Culture & Values
3.0
Work/Life Balance
3.0
Senior Management
3.0
Salary & Benefits
4.0
Career Opportunities
3.5
Source