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Stocks · Financials · Fire, Marine & Casualty Insurance

Heritage Insurance Holdings, Inc.

HRTG Clue Score78
United States CIK 0001598665
$35.38 +1.58% Close, 12 Oct 2026
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Price $35.38 +415.74% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 13 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue439.0Operating income56.8Net income33.9EPS, diluted1.14Fiscal year 2017Revenue406.6 −7.4%Operating income49.5Net income−1.1 −103.3%EPS, diluted−0.04 −103.5%Fiscal year 2018Revenue480.2 +18.1%Operating income69.5Net income27.2EPS, diluted1.04Fiscal year 2019Revenue511.3 +6.5%Operating income49.6Net income28.6 +5.5%EPS, diluted0.98 −5.8%Fiscal year 2020Revenue593.4 +16.1%Operating income10.2Net income9.3 −67.4%EPS, diluted0.33 −66.3%Fiscal year 2021Revenue631.6 +6.4%Operating income−68.1Net income−74.7 −901.3%EPS, diluted−2.69 −915.2%Fiscal year 2022Revenue662.5 +4.9%Operating income−157.4Net income−154.4EPS, diluted−5.86Fiscal year 2023Revenue735.5 +11.0%Operating income63.2Net income45.3EPS, diluted1.73Fiscal year 2024Revenue817.0 +11.1%Operating income93.6Net income61.5 +35.8%EPS, diluted2.01 +16.2%Fiscal year 2025Revenue847.3 +3.7%Operating income267.2Net income195.6 +217.8%EPS, diluted6.32 +214.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 439.0 406.6 480.2 511.3 593.4 631.6 662.5 735.5 817.0 847.3
Growth −7.4% +18.1% +6.5% +16.1% +6.4% +4.9% +11.0% +11.1% +3.7%
Operating income 56.8 49.5 69.5 49.6 10.2 −68.1 −157.4 63.2 93.6 267.2
Net income 33.9 −1.1 27.2 28.6 9.3 −74.7 −154.4 45.3 61.5 195.6
Growth −103.3% +5.5% −67.4% −901.3% +35.8% +217.8%
EPS, diluted 1.14 −0.04 1.04 0.98 0.33 −2.69 −5.86 1.73 2.01 6.32
Growth −103.5% −5.8% −66.3% −915.2% +16.2% +214.4%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin12.9%Net margin7.7%Free cash flow margin18.5%Fiscal year 2017Operating margin12.2%Net margin−0.3%Free cash flow margin1.7%Fiscal year 2018Operating margin14.5%Net margin5.7%Free cash flow margin19.6%Fiscal year 2019Operating margin9.7%Net margin5.6%Free cash flow margin22.4%Fiscal year 2020Operating margin1.7%Net margin1.6%Free cash flow margin28.6%Fiscal year 2021Operating margin−10.8%Net margin−11.8%Free cash flow margin9.4%Fiscal year 2022Operating margin−23.8%Net margin−23.3%Free cash flow margin−6.5%Fiscal year 2023Operating margin8.6%Net margin6.2%Free cash flow margin8.2%Fiscal year 2024Operating margin11.5%Net margin7.5%Free cash flow margin9.7%Fiscal year 2025Operating margin31.5%Net margin23.1%Free cash flow margin20.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 12.9% 12.2% 14.5% 9.7% 1.7% −10.8% −23.8% 8.6% 11.5% 31.5%
Net margin 7.7% −0.3% 5.7% 5.6% 1.6% −11.8% −23.3% 6.2% 7.5% 23.1%
Free cash flow margin 18.5% 1.7% 19.6% 22.4% 28.6% 9.4% −6.5% 8.2% 9.7% 20.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow83.0Capital expenditure−1.6Free cash flow81.3Buybacks−25.6Dividends paid−6.8Fiscal year 2017Operating cash flow7.5Capital expenditure−0.4Free cash flow7.1 −91.3%Buybacks−61.6Dividends paid−8.2Fiscal year 2018Operating cash flow96.3Capital expenditure−2.3Free cash flow94.1 +1,224.0%Buybacks−2.0Dividends paid−6.4Fiscal year 2019Operating cash flow119.7Capital expenditure−5.0Free cash flow114.7 +21.9%Buybacks−16.2Dividends paid−7.0Fiscal year 2020Operating cash flow170.2Capital expenditure−0.8Free cash flow169.5 +47.8%Buybacks−10.0Dividends paid−6.9Fiscal year 2021Operating cash flow60.1Capital expenditure−1.0Free cash flow59.1 −65.1%Buybacks−8.2Dividends paid−6.7Fiscal year 2022Operating cash flow−34.3Capital expenditure−8.6Free cash flow−42.8 −172.4%Buybacks−7.3Dividends paid−4.8Fiscal year 2023Operating cash flow70.4Capital expenditure−9.9Free cash flow60.5Buybacks0.0Dividends paid−0.0Fiscal year 2024Operating cash flow87.1Capital expenditure−8.2Free cash flow78.9 +30.3%Buybacks0.0Fiscal year 2025Operating cash flow182.2Capital expenditure−8.1Free cash flow174.2 +120.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 83.0 7.5 96.3 119.7 170.2 60.1 −34.3 70.4 87.1 182.2
Capital expenditure −1.6 −0.4 −2.3 −5.0 −0.8 −1.0 −8.6 −9.9 −8.2 −8.1
Free cash flow 81.3 7.1 94.1 114.7 169.5 59.1 −42.8 60.5 78.9 174.2
Growth −91.3% +1,224.0% +21.9% +47.8% −65.1% −172.4% +30.3% +120.8%
Buybacks −25.6 −61.6 −2.0 −16.2 −10.0 −8.2 −7.3 0.0 0.0 n/a
Dividends paid −6.8 −8.2 −6.4 −7.0 −6.9 −6.7 −4.8 −0.0 n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash105.8Total debt72.9Net cash (debt)32.9Shareholders’ equity358.0Debt to equity0.20Fiscal year 2017Cash153.7Total debt184.4Net cash (debt)−30.7Shareholders’ equity379.8Debt to equity0.49Fiscal year 2018Cash250.1Total debt148.8Net cash (debt)101.3Shareholders’ equity425.3Debt to equity0.35Fiscal year 2019Cash268.4Total debt129.2Net cash (debt)139.1Shareholders’ equity448.8Debt to equity0.29Fiscal year 2020Cash441.0Total debt121.0Net cash (debt)320.0Shareholders’ equity442.3Debt to equity0.27Fiscal year 2021Cash359.3Total debt120.8Net cash (debt)238.6Shareholders’ equity343.1Debt to equity0.35Fiscal year 2022Cash280.9Total debt128.9Net cash (debt)151.9Shareholders’ equity131.0Debt to equity0.98Fiscal year 2023Cash463.6Total debt119.7Net cash (debt)343.9Shareholders’ equity220.3Debt to equity0.54Fiscal year 2024Cash452.7Total debt116.3Net cash (debt)336.3Shareholders’ equity290.8Debt to equity0.40Fiscal year 2025Cash559.3Total debt78.4Net cash (debt)480.8Shareholders’ equity505.3Debt to equity0.16
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 105.8 153.7 250.1 268.4 441.0 359.3 280.9 463.6 452.7 559.3
Total debt 72.9 184.4 148.8 129.2 121.0 120.8 128.9 119.7 116.3 78.4
Net cash (debt) 32.9 −30.7 101.3 139.1 320.0 238.6 151.9 343.9 336.3 480.8
Shareholders’ equity 358.0 379.8 425.3 448.8 442.3 343.1 131.0 220.3 290.8 505.3
Debt to equity 0.20 0.49 0.35 0.29 0.27 0.35 0.98 0.54 0.40 0.16

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
12.9% 12.2% 14.5% 9.7% 1.7% −10.8% −23.8% 8.6% 11.5% 31.5%
12.8% −1.4% 8.1% 8.0% 0.4% −12.0% −25.1% 7.1% 10.1% 30.6%
7.7% −0.3% 5.7% 5.6% 1.6% −11.8% −23.3% 6.2% 7.5% 23.1%
18.5% 1.7% 19.6% 22.4% 28.6% 9.4% −6.5% 8.2% 9.7% 20.6%
Spending
13.4% 17.6% 18.4% 15.8% 13.7% 10.4% 10.6% 10.6% 10.4% 11.0%
0.4% 0.1% 0.5% 1.0% 0.1% 0.2% 1.3% 1.3% 1.0% 1.0%
40.0% n/a 30.4% 30.1% −321.4% n/a n/a 12.9% 25.6% 24.6%
Returns
9.5% −0.3% 6.4% 6.4% 2.1% −21.8% −117.8% 20.6% 21.2% 38.7%
3.3% −0.1% 1.5% 1.5% 0.4% −3.8% −6.5% 2.1% 2.5% 8.9%
Balance and payout
0.20 0.49 0.35 0.29 0.27 0.35 0.98 0.54 0.40 0.16
65.4% 78.6% 76.0% 76.9% 78.8% 82.7% 94.5% 89.6% 88.2% 77.0%
20.1% n/a 23.5% 24.3% 73.5% n/a n/a 0.0% n/a n/a
39.8% 983.6% 8.9% 20.2% 9.9% 25.2% n/a 0.0% 0.0% n/a