Heritage Insurance Hldgs Inc
NYSE: HRTG · FINANCIAL SERVICES · INSURANCE - PROPERTY & CASUALTY
Updated 2026-06-03
Heritage Insurance Hldgs Inc (HRTG) Financial statements
SEC filings — annual and quarterly data.
Balance sheet — annual
| Item | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $81.86M | $281.98M | $616.00M | $837.40M | $1.03B | $1.77B | $1.77B | $1.94B | $2.09B | $1.98B | $2.39B | $2.12B | $2.47B | $2.20B |
| Cash & equivalents | $63.87M | $65.06M | $173.82M | $236.28M | $105.82M | $153.70M | $250.12M | $268.35M | $440.96M | $359.34M | $280.88M | $463.64M | $452.67M | $559.27M |
| Current assets | $77.06M | $215.93M | $473.59M | $638.63M | $719.55M | $771.25M | $1.19B | $1.35B | $1.47B | $1.66B | $373.63M | $558.10M | $554.80M | $1.43B |
| Total liabilities | $53.74M | $201.99M | $360.91M | $480.85M | $675.28M | $1.39B | $1.34B | $1.49B | $1.65B | $1.64B | $2.26B | $1.90B | $2.18B | $1.69B |
| Current liabilities | $8.99M | $29.59M | $12.81M | $2.09M | $96.67M | $17.58M | $195.35M | $237.40M | $261.01M | $1.55B | $16.84M | $28.99M | $846000.00 | $1.66B |
| Long-term debt | $1.00M | — | $0.00 | $0.00 | $72.91M | $184.41M | $128.79M | $119.25M | $121.00M | $120.76M | $128.94M | $30.11M | $36.19M | $4.37M |
| Shareholder equity | $28.12M | $79.98M | $255.09M | $356.55M | $357.96M | $379.82M | $425.33M | $448.80M | $442.34M | $343.05M | $131.04M | $220.28M | $290.80M | $505.25M |
| Retained earnings | $-5.47M | $17.92M | $65.02M | $155.96M | $182.81M | $175.23M | $195.75M | $217.27M | $219.78M | $138.38M | $-19.19M | $26.12M | $87.66M | $283.25M |
| Accounts receivable | $120000.00 | $20.76M | $20.03M | $30.57M | $53.43M | $462.45M | $410.52M | $495.76M | $464.73M | $353.06M | $909.93M | $586.78M | $844.88M | $432.60M |
| Inventory | — | — | $0.00 | $-345.81M | $-386.10M | $-778.26M | $-400.81M | $-418.44M | $-629.91M | $-495.84M | $-1.96B | $-553.13M | — | — |
| Goodwill | — | — | $0.00 | $5.68M | $46.45M | $152.46M | $152.46M | $152.46M | $152.46M | $91.96M | $0.00 | — | — | — |
Frequently asked questions
What is Heritage Insurance Hldgs Inc's revenue?
Heritage Insurance Hldgs Inc's trailing twelve-month revenue is $848.47M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is HRTG?
In its most recent fiscal year, HRTG ran a gross margin of 63.03%, an operating margin of 30.60%, and a net margin of 23.08%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does HRTG generate?
HRTG produced $174.16M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is HRTG's balance sheet healthy?
HRTG holds $559.27M in cash and equivalents against $4.37M in long-term debt, on $505.25M of shareholder equity. Cash on hand exceeds long-term debt, so the balance sheet adds little financial risk to the thesis.