Heritage Insurance Holdings, Inc. (HRTG) financial statements (2020 and earlier)

Company profile

Business Address 2600 MCCORMICK DRIVE
CLEARWATER, FL 33759
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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments270267154106236160
Cash and cash equivalents268250154106236160
Short-term investments216    
Total current assets:270267154106236160
Noncurrent Assets
Finance lease, right-of-use asset0
Operating lease, right-of-use asset6
Property, plant and equipment211819171717
Intangible assets, net (including goodwill)22122925473  
Goodwill15215215246  
Intangible assets, net (excluding goodwill)697710227  
Total noncurrent assets:248247273901717
Other undisclosed assets1,4211,2551,345837584437
TOTAL ASSETS:1,9401,7691,7711,033837615
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities621112 
Employee-related liabilities621112 
Debt 1580   
Total current liabilities:61881112 
Noncurrent Liabilities
Other undisclosed liabilities1,4851,3261,311674469360
Total liabilities:1,4911,3431,391675481360
Stockholders' equity
Stockholders' equity attributable to parent449425380358357255
Common stock000000
Treasury stock, value(105)(89)(87)(26)  
Additional paid in capital330325295206203188
Accumulated other comprehensive income (loss)7(7)(3)(5)(2)2
Retained earnings21719617518315665
Total stockholders' equity:449425380358357255
TOTAL LIABILITIES AND EQUITY:1,9401,7691,7711,033837615

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues511480407439395234
Premiums earned, net479454
Financial services revenue380412376224
Cost of revenue(273)(237)(285)(323)(198)(129)
Policyholder benefits and claims incurred, net(273)(237)
Deferred policy acquisition costs, amortization expense  (84)(84)(57)(37)
Financial services costs(201)(239)(141)(90)
Gross profit:238243121116196105
Operating expenses(81)(89)(72)(59)(46)(34)
Other undisclosed operating loss(108)(85)    
Operating income:5070505715071
Nonoperating expense(0)(11)(42)  (0)
Investment income, nonoperating     (0)
Other nonoperating expense(0)(11)(42)   
Interest and debt expense(9)(20)(13)(0)  
Income (loss) from continuing operations before equity method investments, income taxes:4139(6)5715070
Other undisclosed income (loss) from continuing operations before income taxes   (0) 4
Income (loss) from continuing operations before income taxes:4139(6)5615074
Income tax expense (benefit)(12)(12)5(23)(58)(27)
Net income (loss) available to common stockholders, diluted:2927(1)349347

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):2927(1)349347
Other comprehensive income (loss)(4)2(3)22(2)
Comprehensive income (loss):2429(4)369546
Other undisclosed comprehensive income (loss), net of tax, attributable to parent18(6)5(5)(6)4
Comprehensive income, net of tax, attributable to parent:42241318950

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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