Heritage Insurance Holdings, Inc. (HRTG) Financial Statements
Industry: Fire, Marine & Casualty Insurance
In fiscal 2025, Heritage Insurance reported revenue of $847.3M, up 3.7% from $817.0M the year before. Net income was $195.6M (a 23.1% net margin), or $6.32 per diluted share. Gross margin was 63.0% and operating margin was 31.5%. Operating activities generated $182.2M of cash, leaving $174.2M of free cash flow. At fiscal year end, Heritage Insurance held $2.20B in total assets against $1.69B in total liabilities, including $559.3M of cash and equivalents.
Open the full interactive Heritage Insurance financials → Quarterly statements, key ratios, valuation history and price charts.
Heritage Insurance Key Stats
| Share Price | $36.21 |
|---|---|
| Market Cap | $1.09B |
| P/E Ratio | 5.7 |
| Revenue YoY Growth | +3.7% |
| 52-Week Range | $20.88 – $36.21 |
| Shares Outstanding | 30.0 million (basic, 2026 Q2) |
Heritage Insurance Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $593.4M | $631.6M | $662.5M | $735.5M | $817.0M | $847.3M |
| Cost of Goods Sold | $373.4M | $427.4M | $501.2M | $426.1M | $447.0M | $313.2M |
| Gross Profit | $220.0M | $204.2M | $161.3M | $309.4M | $369.9M | $534.1M |
| Operating Income | $10.2M | -$68.1M | -$157.4M | $63.2M | $93.6M | $267.2M |
| Pre-Tax Income | $2.2M | -$76.0M | -$166.2M | $52.0M | $82.7M | $259.3M |
| Income Tax | -$7.1M | -$1.3M | -$11.8M | $6.7M | $21.1M | $63.7M |
| Net Income | $9.3M | -$74.7M | -$154.4M | $45.3M | $61.5M | $195.6M |
| Diluted EPS | $0.33 | -$2.69 | -$5.86 | $1.73 | $2.01 | $6.32 |
Heritage Insurance Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $212.5M | $215.3M | $212.7M | $214.2M |
| Net Income | $50.4M | $66.7M | $36.5M | $61.7M |
| Diluted EPS | $1.63 | $2.15 | $1.19 | $2.05 |
Heritage Insurance Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $441.0M | $359.3M | $280.9M | $463.6M | $452.7M | $559.3M |
| Total Assets | $2.09B | $1.98B | $2.39B | $2.15B | $2.47B | $2.20B |
| Total Long-Term Debt | $121.0M | $120.8M | $128.9M | $119.7M | $116.3M | $78.4M |
| Total Liabilities | $1.65B | $1.64B | $2.26B | $1.93B | $2.18B | $1.69B |
| Shareholders' Equity | $442.3M | $343.1M | $131.0M | $220.3M | $290.8M | $505.3M |
Heritage Insurance Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $170.2M | $60.1M | -$34.3M | $70.4M | $87.1M | $182.2M |
| Cash From Investing | $22.1M | -$124.5M | -$37.9M | $100.8M | -$91.6M | -$32.7M |
| Cash From Financing | -$28.9M | -$17.3M | -$5.1M | $14.5M | -$5.2M | -$40.6M |
| Free Cash Flow | $169.5M | $59.1M | -$35.9M | $60.5M | $78.9M | $174.2M |
| Dividends Paid | $6.9M | $6.7M | $4.8M | $11,000 | — | — |
Figures from Heritage Insurance's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Heritage Insurance financials page for every line item.
Heritage Insurance Company Profile
| Ticker | HRTG |
|---|---|
| Exchange | NYSE |
| Industry | Fire, Marine & Casualty Insurance |
| Headquarters | Tampa, Florida |
| Incorporated in | Delaware |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0001598665 |
Frequently Asked Questions
What was Heritage Insurance's revenue in fiscal 2025?
Heritage Insurance (HRTG) reported revenue of $847.3M for fiscal 2025.
What is Heritage Insurance's annual revenue history?
Heritage Insurance's annual revenue by fiscal year: 2020: $593.4M; 2021: $631.6M; 2022: $662.5M; 2023: $735.5M; 2024: $817.0M; 2025: $847.3M.
What was Heritage Insurance's net income in fiscal 2025?
Heritage Insurance reported net income of $195.6M for fiscal 2025.
What was Heritage Insurance's earnings per share (EPS) in fiscal 2025?
Heritage Insurance's diluted EPS was $6.32 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Heritage Insurance generate in fiscal 2025?
Heritage Insurance generated $174.2M of free cash flow in fiscal 2025.
What was Heritage Insurance's revenue last quarter?
In its most recent reported quarter (2026 Q2), Heritage Insurance reported revenue of $214.2M.
How much debt does Heritage Insurance have?
Heritage Insurance reported $78.4M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Heritage Insurance are outstanding?
Heritage Insurance reported a weighted average of 30.0 million basic shares outstanding in 2026 Q2.
What is Heritage Insurance's market cap?
Based on its latest closing price, Heritage Insurance (HRTG) has a market capitalization of about $1.09B.
Where is Heritage Insurance headquartered?
Heritage Insurance lists its business address in Tampa, Florida in its SEC filings.