Heritage Insurance Holdings, Inc. (HRTG) operates through its subsidiaries, specializing in providing comprehensive insurance products for both personal and commercial residential properties. ...
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Est. EPS $0.77 · Revenue $217.06M · 2 analysts
Est. EPS $1.33 · Revenue $217.75M · 2 analysts
Est. EPS $5.33 · Revenue $861.67M · 2 analysts
Est. EPS $1.30 · Revenue $219.18M · 1 analysts
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $847.3M | +3.7% | +0.7% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $195.6M | +217.8% | +69.1% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +63.0% | +188.1% | +25.6% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +30.6% | +202.4% | +66.3% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +23.1% | +206.5% | +67.9% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $174.2M | +120.8% | +522.6% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +20.6% | +112.9% | +518.2% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 19.8% | -59.4% | -15.0% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 0.86x | +5.8% | +31397.1% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $2.2B | -11.1% | +21.0% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 6.32 vs 5.82 | +8.6% | 2.05 vs 1.25 | +64.4% |
| Revenue Surprise | $847.3M vs $844.6M | +0.3% | $214.2M vs $212.7M | +0.7% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Sep 1, 2026 | Binnun Sharon | officer: Chief Accounting Officer | Common Stock | D | 9,200 | $33.91 |
| Aug 24, 2026 | Garateix Ernie J | director, officer: Chief Executive Officer | Common Stock | D | 10,000 | $34.88 |
| Aug 19, 2026 | JOHNS TIMOTHY E | officer: See Remarks | Common Stock | D | 3,500 | $33.68 |
| Aug 18, 2026 | Garateix Ernie J | director, officer: Chief Executive Officer | Common Stock | D | 5,000 | $34.55 |
| Aug 17, 2026 | Garateix Ernie J | director, officer: Chief Executive Officer | Common Stock | D | 5,000 | $34.31 |
Operator: Good morning, and welcome to the Heritage Insurance Holdings Second Quarter 2026 Earnings Conference Call. Please note today's event is being recorded. I would now like to turn the conference over to Kirk Lusk, Chief Financial Officer for the company. Sir, please go ahead. Kirk Lusk: Good morning, and thank you for joining us today. We invite you to visit the Investors section of our website, investors.heritagepci.com, where the earnings release and our earnings call will be archived. These materials are available for replay or review at your convenience. Today's call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based upon management's current expectations and subject to uncertainty and changes in circumstances. In our earnings press release and our SEC filings, we detail material risks that may cause our future results to differ from our expectations. Our statements are as of today, and we have no obligation to update any forward-looking statements we may make. For a description of the forward-looking statements and the risks that could cause our results to differ materially from those described in the forward-looking statements, please refer to our annual report on Form 10-K, earnings release, and other SEC filings. Our comments today will also include non-GAAP financial measures. The reconciliations of and other information regarding these measures can be found in our press release. With me on the call today is Ernie Garateix, our Chief Executive Officer. I will now turn the call over to Ernie. Ernesto Garateix: Thanks, Kirk, and good morning, everyone. Before discussing our second quarter results, I want to step back and frame where Heritage stands today and how meaningfully the business has evolved over the last several years. When we began executing our strategic initiatives, our objectives were clear: improve profitability, achieve rate adequacy, strengthen the balance sheet, reduce volatility, and position Heritage for sustainable long-term growth. Delivering on those objectives required difficult but necessary decisions. We re-underwrote portions of the portfolio, reduced exposure where returns did not justify the risk, implemented meaningful rate actions, strengthened our reserving position, and continued investing in technology and operating infrastructure. The results of those efforts are increasingly visible in our financial performance. In the second quarter, Heritage generated record net income of $61.7 million, record diluted earnings per share of $2.05, an annualized return on equity in excess of 45%, and substantial operating cash flow of $166.5 million. Importantly, these results were achieved while maintaining the underwriting discipline that has guided our strategy. We continue to believe long-term shareholder value is created through profitable underwriting and disciplined capital allocation, not by pursuing premium growth …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Ernesto Jose Garateix CPCU | Chief Executive Officer & Director | USD 2,584,073 | Male | 1972 | Active |
Kirk Howard Lusk | CFO, Company Secretary & Treasurer | USD 1,662,332 | Male | 1961 | Active |
Timothy Michael Moura | President of Narragansett Bay Insurance Company | USD 904,239 | Male | 1973 | Active |
Sharon Ann Binnun | Chief Accounting Officer | USD 588,612 | Female | 1962 | Active |
Timothy E. Johns | President of Zephyr Insurance Company | USD 454,445 | Male | 1957 | Active |
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Freestone Grove Partners LP acquired a new stake in Heritage Insurance Holdings, Inc. (NYSE: HRTG) during the undefined quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 17,243 shares of the insurance provider's stock, valued at approximately $450,000. Freestone Grove Partners LP
