Heritage Insurance Holdings, Inc.: Business Overview, Financials & Competitive Analysis
Heritage Insurance Holdings, Inc. scores 7/10 on the AskCyborg Cyborg Score (Solid). Regional property-casualty insurer with improving underwriting discipline, strong profitability, and attractive valuation, benefiting from rate adequacy initiatives and geographic expansion. Heritage reported Q1 2026 net income of $36.5 million with a 62.7% increase in new business compared to Q1 2025, and generated $847.3M in revenue over trailing twelve.
What is Heritage Insurance Holdings, Inc.'s industry? Heritage Insurance Holdings, Inc. (heritagepci.com) operates in Property and casualty insurance. AskCyborg classifies Heritage Insurance Holdings, Inc. under Property and casualty insurance in its company registry.
Heritage Insurance Holdings provides personal and commercial residential insurance products across 16 states for personal residential insurance and 4 states for commercial residential property insurance. With a market...
Cyborg Score thesis
Regional property-casualty insurer with improving underwriting discipline, strong profitability, and attractive valuation,...
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Get Current Report FreeHeritage Insurance Holdings, Inc. Overview
Pro stress-test →Heritage Insurance Holdings provides personal and commercial residential insurance products across 16 states for personal residential insurance and 4 states for commercial residential property insurance. With a market capitalization of approximately $683.79 million as of May 2026, Heritage operates as a regional player in the property and casualty insurance market, primarily serving states such as Florida and Texas. The company has demonstrated strong momentum in 2026 with record profitability and disciplined underwriting.
Strategic Profile
Pro stress-test →Heritage focuses on rate adequacy and underwriting discipline, allocating capital to products and geographies that maximize long-term returns, and targeting a balanced and diversified portfolio. CEO Ernesto Garateix emphasized a strategic shift aimed at expanding operations while maintaining strong margins, particularly in the face of competitive pricing pressures in Florida, while the firm is also preparing for entry into the Texas market. The company launched four new products in Q1 2026 with six additional products scheduled for launch in the second half of 2026.
Competitive Landscape
Pro stress-test →As a super-regional property and casualty insurer specializing in catastrophe-exposed markets like Florida and the Northeast, Heritage has undergone a fundamental shift. The company competes against regional and national insurers including Universal Insurance Holdings, HCI Group, and United Fire Group in the residential property insurance market. Heritage's competitive advantages include improved underwriting discipline, expanding geographic footprint, and strong profitability metrics.
Industry Context
Heritage Insurance Holdings, Inc. operates in Property and casualty insurance.
Key facts
Founded: 2012 · Headquarters: Tampa, Florida · Revenue: $847.3M (TTM) · Market cap: $831M