Heritage Insurance

Heritage is an insurance firm that provides casualty, identity theft, commercial and residential property insurance products. Read more

Ernie Garateix's photo - CEO of Heritage Insurance

CEO

Ernie Garateix

CEO Approval Rating

87/100

Founded:

2012

Status:

PublicIndependent CompanyNYSEHRTG

HERITAGE INSURANCE TOP COMPETITORS OR ALTERNATIVES

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UPC Insurance is perceived as one of Heritage Insurance's biggest rivals. UPC Insurance is headquartered in St. Petersburg, Florida, and was founded in 1999. UPC Insurance operates in the Diversified Financial Services industry. UPC Insurance generates 274% the revenue of Heritage Insurance.

Heffernan is one of Heritage Insurance's top competitors. Heffernan is a Private company that was founded in 1988 in Walnut Creek, California. Like Heritage Insurance, Heffernan also competes in the Insurance Brokers field. Compared to Heritage Insurance, Heffernan has 12 more employees.

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Heritage Insurance Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$303.7M

Heritage Insurance's revenue is the ranked 8th among it's top 10 competitors. The top 10 competitors average 2B. Over the last three quarters, Heritage Insurance's revenue has grown by 5.7%. Specifically, in Q1 2021's revenue was $110M; in Q3 2020, it was $162.9M; in Q2 2020, it was $104.1M.

Heritage Insurance Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Narragansett Bay Insurance Company

Aug 2017

Source »
$250M
Narragansett Bay offers homeowners insurance products and underwriting services.
Zephyr Insurance Company, Inc.

Mar 2016

Source »
$134M
Zephyr specializes in providing residential windstorm-hurricane insurance coverage services to homeowners.

These are all the companies that Heritage Insurance has acquired. Heritage Insurance has acquired 2 companies and its latest acquisition was Narragansett Bay Insurance Company in Aug 2017. Narragansett Bay offers homeowners insurance products and underwriting services.

Heritage Insurance Funding History

Since Heritage Insurance was founded in 2012, it has participated in 4 rounds of funding. In total Heritage Insurance has raised $310.5M. Heritage Insurance's last funding round was on Dec 2018 for a total of $125.0M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Debt
Dec 2018
$125M
-
Equity
Nov 2017
$40M
-
Debt
Jan 2017
$79.5M
IPO
May 2014
$66M

Since Heritage Insurance was founded in 2012, it has participated in 4 rounds of funding. In total Heritage Insurance has raised $310.5M. Heritage Insurance's last funding round was on Dec 2018 for a total of $125.0M

Heritage Insurance Investments

No recent investments found related to Heritage Insurance

These are all the companies that Heritage Insurance has invested in. Heritage Insurance has invested 2 companies and its latest investment was Narragansett Bay Insurance Company in Aug 2017. Narragansett Bay offers homeowners insurance products and underwriting services.

Heritage Insurance News

April 16, 2021MarketScreener

Sets First Quarter 2021 Earnings Dates

(marketscreener.com) CLEARWATER, Fla., April 15, 2021 /PRNewswire/ -- Heritage Insurance Holdings, In... See more »
March 4, 2021Reinsurance News

Heritage turns Q4 profit despite heavy cat losses

Super-regional property and casualty insurance holding company, Heritage Insurance Holdings, Inc., ha... See more »
March 3, 2021MarketScreener

Reports Fourth Quarter 2020 Results

(marketscreener.com) CLEARWATER, Fla., March 3, 2021 /PRNewswire/ -- Heritage Insurance Holdings, Inc... See more »
January 26, 2021Reinsurance News

Heritage announces Q4 cat and weather losses of $41.5mn

Super-regional property and casualty insurance holding company, Heritage Insurance Holdings, Inc., ha... See more »
January 5, 2021MarketScreener

to Participate in Sidoti Winter 2021 Virtual Investor Conference

(marketscreener.com) CLEARWATER, Fla., Jan. 5, 2021 /PRNewswire/ -- Heritage Insurance Holdings, Inc.... See more »
December 15, 2020The Business Journals: Tampa Bay

Here's why a Heritage Insurance co-founder is stepping down as president

While Richard Widdicombe will be leaving his position as president at the end of the month, he will r... See more »

Heritage Insurance Blogs

February 27, 2020Heritage Insurance Blog

Heritage Reports Fourth Quarter and Full-Year 2019 Results

CLEARWATER, Fla., Feb. 27, 2020 /PRNewswire/ — Heritage Insurance Holdings, Inc. (NYS... See more »
November 26, 2019Heritage Insurance Blog

Heritage to Present at the LD Micro Main Event on December 11th

CLEARWATER, Fla., Nov. 26, 2019 /PRNewswire/ — Heritage Insurance Holdings, Inc. (NYSE: HR... See more »
October 31, 2019Heritage Insurance Blog

Heritage Reports Third Quarter 2019 Results

CLEARWATER, Fla., Oct. 31, 2019 /PRNewswire/ - Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Herit... See more »
September 9, 2019Heritage Insurance Blog

Heritage to Present at the Sidoti & Company Fall Investor Conference on September 25th

CLEARWATER, Fla., Sept. 9, 2019 /PRNewswire/ - Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Herit... See more »
August 30, 2019Heritage Insurance Blog

Heritage to Participate in KBW Insurance Conference on September 5th

CLEARWATER, Fla., Aug. 30, 2019 /PRNewswire/ - Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Herit... See more »
August 27, 2019Heritage Insurance Blog

Heritage to Present at the 8th Annual Gateway Conference on September 4th

CLEARWATER, Fla., Aug. 27, 2019 /PRNewswire/ - Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Herit... See more »
August 21, 2019Heritage Insurance Blog

Heritage to Present at the Midwest IDEAS Investor Conference on August 28th

CLEARWATER, Fla., Aug. 21, 2019 /PRNewswire/ - Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Herit... See more »

Heritage Insurance Press Releases

August 31, 2020PR Newswire

Heritage to Participate in LD Micro Virtual Investor Conference

CLEARWATER, Fla., Aug. 31, 2020 /PRNewswire/ -- Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Heri... See more »
May 27, 2020centralcharts

Heritage Insurance Upgrades to Version 11 of Majesco Claims for P&C and Transitions to Majesco CloudInsurer on Microsoft Azure

Majesco (NASDAQ: MJCO), a global leader of cloud insurance software, today announced that Heritage co... See more »
May 4, 2020centralcharts

Heritage Declares Quarterly Cash Dividend

Heritage Declares Quarterly Cash Dividend PR Newswire CLEARWATER, Fla., May 4, 2020 CLEARWATER, Fla. ... See more »
January 10, 2019centralcharts

Heritage Insurance Holdings, Inc. Sets Fourth Quarter 2018 Earnings Release and Call Dates

Heritage Insurance Holdings, Inc. (NYSE: HRTG), a property and casualty insurance holding company, wi... See more »
December 18, 2018central charts

Stonybrook Capital Advises on Heritage Insurance Holdings' $125m Debt Facility

NEW YORK, Dec. 17, 2018 (GLOBE NEWSWIRE) -- Heritage Insurance Holdings, Inc. (“Heritage” or the “Com... See more »

Social Media

Heritage Insurance Headquarters

2600 McCormick Dr. Suite 300

Clearwater, Florida33759

1-855-620-9978

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Heritage Insurance Summary

ABOUT

Overview

Heritage is an insurance firm that provides casualty, identity theft, commercial and residential property insurance products. Heritage Insurance was founded in 2012. Heritage Insurance's headquarters is located in Clearwater, Florida, USA 33759. It ha...

CEO

Heritage Insurance's CEO, Ernie Garateix, currently has an approval rating of 87%. Heritage Insurance's primary competitors are UPC Insurance, Heffernan & EPIC.

Frequently Asked Questions about Heritage Insurance

  1. When was Heritage Insurance founded?

    Heritage Insurance was founded in 2012
  2. Who is Heritage Insurance's CEO?

    Heritage Insurance's CEO is Ernie Garateix
  3. How much revenue does Heritage Insurance generate?

    Heritage Insurance generates $303.7M in revenue
  4. How much funding does Heritage Insurance have?

    Heritage Insurance has historically raised $310.5M in funding
  1. Where is Heritage Insurance's headquarters?

    Heritage Insurance's headquarters is in Clearwater Florida, USA
  2. How many employees does Heritage Insurance have?

    Heritage Insurance has 438 employees
  3. What sector does Heritage Insurance operate in?

    Heritage Insurance is in Property & Casualty Insurance, Insurance Brokers
  4. Who are Heritage Insurance's competitors?

    Heritage Insurance's top competitors are UPC Insurance, Heffernan, EPIC