Heritage Insurance Holdings, Inc. (HRTG) financial statements (2022 and earlier)

Company profile

Business Address 1401 N WESTSHORE BLVD
TAMPA, FL 33607
State of Incorp. DE
Fiscal Year End December 31
SIC 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments361443270267154106236
Cash and cash equivalents359441268250154106236
Short-term investments12216   
Total current assets:361443270267154106236
Noncurrent Assets
Finance lease, right-of-use asset2310
Operating lease, right-of-use asset566
Property, plant and equipment17192118191717
Long-term investments and receivables1      
Long-term investments1      
Intangible assets, net (including goodwill)14821522122925473 
Goodwill9215215215215246 
Intangible assets, net (excluding goodwill)5662697710227 
Total noncurrent assets:1942402482472739017
Other undisclosed assets1,4261,4071,4211,2551,345837584
TOTAL ASSETS:1,9812,0891,9401,7691,7711,033837
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities  621112
Employee-related liabilities  621112
Debt 11 1580  
Total current liabilities: 1161881112
Noncurrent Liabilities
Liabilities, other than long-term debt918     
Deferred income tax liabilities918 
Total noncurrent liabilities:918     
Other undisclosed liabilities1,6281,6181,4851,3261,311674469
Total liabilities:1,6381,6471,4911,3431,391675481
Stockholders' equity
Stockholders' equity attributable to parent343442449425380358357
Common stock0000000
Treasury stock, value(124)(115)(105)(89)(87)(26) 
Additional paid in capital333332330325295206203
Accumulated other comprehensive income (loss)(5)67(7)(3)(5)(2)
Retained earnings138220217196175183156
Total stockholders' equity:343442449425380358357
TOTAL LIABILITIES AND EQUITY:1,9812,0891,9401,7691,7711,033837

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues632593511480407439395
Premiums earned, net611545479454
Financial services revenue380412376
Cost of revenue(427)(373)(273)(237)(285)(323)(198)
Policyholder benefits and claims incurred, net(427)(373)(273)(237)
Deferred policy acquisition costs, amortization expense    (84)(84)(57)
Financial services costs(201)(239)(141)
Gross profit:204220238243121116196
Operating expenses(126)(82)(81)(89)(72)(59)(46)
Other undisclosed operating loss(146)(128)(108)(85)   
Operating income (loss):(68)1050705057150
Nonoperating expense
(Other Nonoperating expense)
  (0)(11)(42)  
Interest and debt expense(8)(8)(9)(20)(13)(0) 
Income (loss) from continuing operations before equity method investments, income taxes:(76)24139(6)57150
Other undisclosed loss from continuing operations before income taxes     (0) 
Income (loss) from continuing operations before income taxes:(76)24139(6)56150
Income tax expense (benefit)17(12)(12)5(23)(58)
Net income (loss) available to common stockholders, diluted:(75)92927(1)3493

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(75)92927(1)3493
Other comprehensive income (loss)30(4)2(3)22
Comprehensive income (loss):(72)102429(4)3695
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(14)(2)18(6)5(5)(6)
Comprehensive income (loss), net of tax, attributable to parent:(85)8422413189

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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