32.96
-0.78%
Close of 9 Nov 2026, in USD
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About Heritage Insurance Holdings
From its filings with the US Securities and Exchange Commission
Heritage Insurance Holdings is based in Tampa, Florida and is incorporated in Delaware. Its shares trade on NYSE under the ticker HRTG. The SEC classifies its business as fire, marine & casualty insurance. In the fiscal year to 31 December 2025, it reported revenue of $847.3m and net income of $195.6m. At that date it held total assets of $2.20bn and shareholders' equity of $505.3m.
Heritage Insurance Holdings, Inc. (“we”, “our”, “us”, “Heritage” and the “Company”) is a super-regional property and casualty insurance holding company that primarily provides personal and commercial residential insurance through our insurance company subsidiaries. We are vertically integrated and control or manage substantially all aspects of insurance underwriting, customer service, financial reporting and actuarial analysis, distribution and claims processing and adjusting. We are led by a highly experienced and diverse management team with significant expertise in the residential property insurance industry and deep industry relationships.
Our financial strength ratings are important in establishing our competitive position and can significantly impact our ability to write policies. We are rated by both Demotech, Inc. (“Demotech”) and Kroll Bond Rating Agency (“KBRA”). Demotech, a rating agency specializing in evaluating the financial stability of insurers, maintains a letter-scale financial stability rating system (“FSR”) from A’’ (A double prime) to L (licensed by insurance regulatory authorities). KBRA’s ratings assigned to insurance companies range from AAA (extremely strong operations to no risk) to R (operating under regulatory supervision).
Quoted from its 10-K, filed 12 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Insurance
- Listed since
- 23 May 2014
- Employees
- 542
- Website
- heritagepci.com ↗
- Head office
- 1401 N WESTSHORE BLVD, TAMPA, FL, 33607
- Incorporated in
- DE
- Classification
- Fire, Marine & Casualty Insurance
- Filer status
- Accelerated filer
Leadership
Pay as last reported
- Mr. Richard WiddicombeIndependent Non-Executive Chairman of the Board, since 2012$284,996
- Mr. Ernie GarateixChief Executive Officer, Director, since 2012$4.3m
- Mr. Kirk LuskChief Financial Officer$2.6m
- Mr. Tim JohnsPresident - Zephyr Insurance Company$454,445
- Mr. Tim MouraPresident - Narragansett Bay Insurance Company$1.2m
- Ms. Sharon BinnunChief Accounting Officer$728,612
- Mr. Panagiotis ApostolouIndependent Director$167,500
- Ms. Irini BarlasIndependent Director$175,000
- Mr. Joseph VattamattamIndependent Director$175,000
- Mr. Paul WhitingIndependent Director$174,375
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 29
- Environment
- 4
- Social
- 34
- Governance
- 47
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Heritage Insurance Holdings Inc boasts several key strengths that contribute to its success in the insurance industry. Firstly, the company has a strong financial position, backed by robust capital reserves and healthy cash flows. This stability allows Heritage Insurance to provide reliable coverage and handle claims efficiently. Additionally, the company has built a solid reputation for its exceptional customer service, ensuring high levels of customer satisfaction and loyalty. Moreover, Heritage Insurance benefits from a diverse product portfolio, offering a wide range of insurance solutions tailored to meet various needs and preferences.
Weaknesses
- Despite its strengths, Heritage Insurance faces certain weaknesses that warrant attention. The company operates primarily in a specific geographic region, which exposes it to regional risks such as hurricanes and other natural disasters. This concentration increases the vulnerability of Heritage Insurance to unpredictable market conditions. Additionally, as a smaller player in the industry, Heritage Insurance may lack the same level of brand recognition and market share as larger competitors. This could pose challenges in terms of attracting new customers and expanding its reach.
Opportunities
- Heritage Insurance can leverage several opportunities to further its growth and success. The increasing demand for insurance coverage presents a significant opportunity for the company to expand its customer base. By offering innovative and customizable insurance solutions, Heritage Insurance can differentiate itself from competitors and tap into new market segments. Furthermore, the company can explore strategic partnerships or acquisitions to enhance its geographic reach and diversify its product offerings. Embracing technology advancements and digitalization can also provide opportunities for streamlining operations and enhancing efficiency.
Threats
- The insurance industry is not without threats, and Heritage Insurance must remain vigilant to mitigate potential risks. External factors such as changing regulatory environments and compliance requirements pose ongoing challenges. Moreover, the impact of climate change and the increasing frequency of natural disasters present significant threats to the company's operations, primarily in its concentrated geographic region. Furthermore, intense competition within the insurance market could exert pressure on pricing and profit margins. It is crucial for Heritage Insurance to adapt swiftly to emerging trends and remain agile in order to tackle these threats effectively.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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