Heritage Insurance Financial Statements
NYSE: HRTGFinanceProperty-Casualty InsurersUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Heritage Insurance revenue and earnings
In fiscal 2025, Heritage Insurance generated $847.3 million in revenue, up 3.7% from fiscal 2024, its 8th consecutive year of revenue growth. Net income was $195.6 million (+217.8% year over year), for a net margin of 23.1% versus a median of 1.6% in the prior 5 years. Operating margin was 31.5%.
Diluted earnings per share came in at $6.32, up from $2.01. Over the last 5 fiscal years, HRTG's revenue has grown at a 7.4% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Heritage Insurance income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 847.33M | 816.99M | 735.50M | 662.46M | 631.56M | 593.38M | 511.31M | 480.17M | 406.62M | 438.96M |
| Revenue growth (YoY) | +3.71% | +11.08% | +11.03% | +4.89% | +6.43% | +16.05% | +6.48% | +18.09% | -7.37% | +11.19% |
| Operating Expenses | — | — | — | — | — | — | — | — | — | 382.19M |
| Selling, General & Admin | 92.97M | 85.14M | 77.78M | 70.40M | 65.79M | 81.54M | 80.54M | 88.54M | 71.71M | 58.91M |
| Operating Income | 267.15M | 93.61M | 63.22M | -157.36M | -68.06M | 10.19M | 49.57M | 69.54M | 49.53M | 56.77M |
| Interest Expense | 7.89M | 10.93M | 11.21M | 8.81M | 7.97M | 7.97M | 8.52M | 20.02M | 13.21M | 362.00K |
| Other Income (Expense) | — | — | — | — | — | — | -48.00K | -10.53M | -42.22M | — |
| Pretax Income | 259.26M | 82.68M | 52.01M | -166.17M | -76.03M | 2.21M | 41.00M | 38.99M | -5.89M | 56.40M |
| Income Tax | 63.67M | 21.14M | 6.70M | -11.81M | -1.31M | -7.11M | 12.36M | 11.84M | -4.77M | 22.54M |
| Net Income | 195.59M | 61.54M | 45.31M | -154.36M | -74.73M | 9.33M | 28.64M | 27.16M | -1.12M | 33.87M |
| Net Income growth (YoY) | +217.84% | +35.83% | — | — | -901.28% | -67.43% | +5.45% | — | -103.30% | -63.39% |
| EPS (Basic) | 6.33 | 2.01 | 1.73 | -5.86 | -2.69 | 0.33 | 0.98 | 1.05 | -0.04 | 1.14 |
| EPS (Diluted) | 6.32 | 2.01 | 1.73 | -5.86 | -2.69 | 0.33 | 0.98 | 1.04 | -0.04 | 1.14 |
| Shares Outstanding (Basic) | 30.89M | 30.60M | 26.19M | 26.34M | 27.80M | 27.98M | 29.21M | 25.94M | 26.80M | 29.63M |
| Shares Outstanding (Diluted) | 30.95M | 30.65M | 26.25M | 26.34M | 27.80M | 27.99M | 29.23M | 26.10M | 26.80M | 29.63M |
| EBITDA | 273.65M | 97.01M | 65.61M | -149.00M | -59.62M | 18.29M | 60.00M | 96.61M | 57.28M | 65.74M |
| Operating Margin | 31.53% | 11.46% | 8.59% | -23.75% | -10.78% | 1.72% | 9.69% | 14.48% | 12.18% | 12.93% |
| Net Margin | 23.08% | 7.53% | 6.16% | -23.30% | -11.83% | 1.57% | 5.60% | 5.66% | -28.00% | 7.71% |
This table shows 10 annual periods of Heritage Insurance's income statement, from FY 2025 back to FY 2016, across 16 line items including revenue, operating expenses, selling, general & admin. Values in USD; B = billions, M = millions. Fiscal periods follow HRTG's reporting calendar. What is a income statement?