Overview Financials News + Filings Key Docs Charts Ownership Insiders
|
|
Heritage Insurance Holdings, Inc. (HRTG)
|
|
| Income Statement |
|
|
|
|
Annual | Quarterly | TTM |
|
| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues | 662.5 | 631.6 | 593.4 | 511.3 | 480.2 | 406.6 | 439.0 | 394.8 |
| Revenue growth | 4.9% | 6.4% | 16.1% | 6.5% | 18.1% | -7.4% | 11.2% | 68.8% |
| Loss and loss adjustment expenses | 501.2 | 427.4 | 373.4 | 273.3 | 237.4 | 201.5 | 238.9 | 141.2 |
| Policy acquisition costs | 197.1 | 188.5 | 159.2 | 144.9 | 139.6 | 83.9 | | 57.2 |
| Investment expenses | 2.1 | 3.1 | 1.1 | 2.7 | 2.1 | 2.1 | 1.7 | 1.9 |
| Other operating expenses | 119.5 | 80.7 | 49.5 | 40.8 | 42.0 | 111.8 | 141.6 | 44.3 |
| EBITDA | -57.0 | 0.9 | 18.3 | 60.0 | 96.6 | 57.3 | 65.7 | 151.6 |
| EBITDA margin | -8.6% | 0.1% | 3.1% | 11.7% | 20.1% | 14.1% | 15.0% | 38.4% |
| Depreciation | 8.4 | 8.4 | 8.1 | 10.4 | 27.1 | 7.7 | 9.0 | 1.4 |
| EBIT | -65.4 | -7.6 | 10.2 | 49.6 | 69.5 | 49.5 | 56.8 | 150.3 |
| EBIT margin | -9.9% | -1.2% | 1.7% | 9.7% | 14.5% | 12.2% | 12.9% | 38.1% |
| Interest income, net [+] | 8.8 | 8.0 | 8.0 | 0.0 | -10.5 | -42.2 | 0.4 | 0.0 |
| Interest expense | 8.8 | 8.0 | 8.0 | 8.5 | 20.0 | 13.2 | 0.4 | |
| Interest income | 17.6 | 15.9 | 15.9 | 8.5 | 9.5 | -29.0 | 0.7 | |
| Other income (expense), net | | | | 0.0 | -10.5 | -42.2 | | |
| Pre-tax income | -166.2 | -76.0 | 2.2 | 41.0 | 39.0 | -5.9 | 56.4 | 150.3 |
| Income taxes | -11.8 | -1.3 | -7.1 | 12.4 | 11.8 | -4.8 | 22.5 | 57.8 |
| Tax rate | 7.1% | 1.7% | | 30.1% | 30.4% | 81.0% | 40.0% | 38.4% |
| Net income | -154.4 | -74.7 | 9.3 | 28.6 | 27.2 | -1.1 | 33.9 | 92.5 |
| Net margin | -23.3% | -11.8% | 1.6% | 5.6% | 5.7% | -0.3% | 7.7% | 23.4% |
| |
| Basic EPS | ($5.86) | ($2.69) | $0.33 | $0.98 | $1.05 | ($0.04) | $1.14 | $3.08 |
| Diluted EPS | ($5.86) | ($2.69) | $0.33 | $0.98 | $1.04 | ($0.04) | $1.14 | $3.05 |
| |
| Shares outstanding (basic) | 26.3 | 27.8 | 28.0 | 29.2 | 25.9 | 26.8 | 29.6 | 30.1 |
| Shares outstanding (diluted) | 26.3 | 27.8 | 28.0 | 29.2 | 26.1 | 26.8 | 29.6 | 30.3 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|