HRTGHeritage Insurance Holdings, Inc.
Fire, Marine & Casualty Insurance
- Revenue
- $847M
- 3.7% YoY
- Operating margin
- 31.5%
- 175% YoY
- EBITDA
- $274M
- 182% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- -1.9×
- −$516M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear93% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear0% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $632M | $662M | $735M | $817M | $847M | 3.7% |
| Operating income | −$68M | −$157M | $63M | $94M | $267M | 185% |
| Net income | −$75M | −$154M | $45M | $62M | $196M | 218% |
| Operating cash flow | $60M | −$34M | $70M | $87M | $182M | 109% |
| Capex | $1M | $9M | $10M | $8M | $8M | 1.9% |
| Stock-based comp | $1M | $2M | $1M | $3M | $5M | 66% |
| Buybacks | $8M | $7M | $0 | $0 | — | |
| Dividends | $7M | $5M | $11K | — | — |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $1M · 8
- Net
- −$1M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $5M | $25M | 1626 | — |
| FY2024 | $4M | $9M | 672 | — |
| FY2023 | $5M | $6M | 362 | — |