Heritage Insurance's Competitors, Revenue, Number of Employees, Funding and Acquisitions

Heritage Insurance is a property and casualty insurance company that provides personal and commercial insurance products... Read more

Based on data from Heritage Insurance's latest SEC filings

Annual Revenue

Based on data from Heritage Insurance's latest SEC filings

Employees

Bruce Lucas's photo - Chairman & CEO of Heritage Insurance

Chairman & CEO

Bruce Lucas

CEO Approval Rating

88/100

OVERVIEW

Founded:

2012

Headquarters:

TampaFlorida

Status:

PublicIndependent Company of NYSEHRTG

Industry Sector:

Property & Casualty Insurance

SIC Code:

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Competitive Analysis

TOP COMPETITORS OR ALTERNATIVES

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 Insurance Brokers industry. UPC Insurance generates 206% the revenue of Heritage Insurance.

EMC is one of Heritage Insurance's top competitors. EMC is a Public company that was founded in 1911 in Des Moines, Iowa. Like Heritage Insurance, EMC also competes in the Property & Casualty Insurance field. Compared to Heritage Insurance, EMC has 2,192 more employees.

Acuity has been one of Heritage Insurance's top competitors. Acuity was founded in 1925 in Sheboygan, Wisconsin. Acuity competes in the Life & Health Insurance field. Acuity generates $1.1B more revenue than Heritage Insurance.

RANK

COMPANY

LEADERSHIP

CEO SCORE

EMPLOYEES

TOTAL FUNDING

REVENUE

Bruce Lucas

Chairman & CEO

- -
308
$310.5M
$371.2M
1

John L. Forney

President & CEO

86/100
167
$36M
$ < 1M
2

Bruce G. Kelley

President & CEO

76/100
2,500
- -
$721.9M
3

Ben Salzmann

President & CEO

88/100
1,300
- -
$1.5B
4

Brad Emmons

CEO

82/100
106
- -
$50M
5

Joseph E. Brown

President & CEO

89/100
41
- -
$12.3M
6

Fred Itzkowitz

President

90/100
140
- -
$32M
7

Greg Dohrmann

CEO

- -
35
- -
$70M
8

Richard S. Levitz

Managing Partner

84/100
750
- -
$161M
9

Jim Loomis

CEO

86/100
100
- -
$80M
10

Scott A. Martin

Chairman & CEO

79/100
91
- -
$5M

Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$371.2M

Heritage Insurance's revenue is the ranked 3rd among it's top 10 competitors. The top 10 competitors average 225M. Over the last three quarters, Heritage Insurance's revenue has decreased by 48.2%. Specifically, in Q2 2019's revenue was $122.8M; in Q1 2019, it was $118.3M; in Q4 2018, it was $237M.

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 Nov 2017 for a total of $40.0M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

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

Debt
Dec 2018
$125M
-

Total Funding: $310.5M

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 Nov 2017 for a total of $40.0M

Investments

No recent investments found related to Heritage Insurance

Heritage Insurance News

July 24, 2019Business Today Kenya

Heritage Insurance will now Auto Correct your car with a 'black box'

A new motor insurance technology that captures and processes driving data, thereby calculating the va... See more »
May 7, 2019Reinsurance News

Heritage continues to diversify outside of competitive Florida market

Heritage Insurance Holdings, Inc. has reported its results for the first-quarter of 2019, which revea... See more »
April 22, 2019The Business Journals

Heritage Insurance expects $10.2M net loss for Q1 due to severe Brevard County storm

Heritage Insurance Holdings Inc. (NYSE: HRTG) has announced it expects approximately $10.2 million of... See more »
April 19, 2019Market Cheetah

Heritage Sets First Quarter 2019 Earnings Release and Call Dates

CLEARWATER, Fla., April 19, 2019 /PRNewswire/ - Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Heri... See more »
March 22, 20194-traders

to Present at the Sidoti & Company Spring Conference

(marketscreener.com) CLEARWATER, Fla., March 22, 2019 /PRNewswire/ -- Heritage Insurance Holdings, In... See more »
March 5, 2019Reinsurance News

90% FHCF participation will have a "positive impact on reinsurance pricing," Heritage CEO

Heritage Insurance Holdings, Inc. has doubled its Florida Hurricane Catastrophe Fund (FHCF) participa... See more »
March 1, 20194-traders

Reports Fourth Quarter and Full-Year 2018 Results

(marketscreener.com) CLEARWATER, Fla., March 1, 2019 /PRNewswire/ -- Heritage Insurance Holdings, Inc... See more »

Heritage Insurance Blogs

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 »
August 1, 2019Heritage Insurance Blog

Heritage Reports Second Quarter 2019 Results

CLEARWATER, Fla., Aug. 1, 2019 /PRNewswire/ - Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Herita... See more »
July 23, 2019Heritage Insurance Blog

Heritage Sets Second Quarter 2019 Earnings Release and Call Dates

CLEARWATER, Fla., July 23, 2019 /PRNewswire/ - Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Herit... See more »
June 3, 2019Heritage Insurance Blog

Heritage Increases Catastrophe Reinsurance Program at Reduced Cost

CLEARWATER, Fla., June 3, 2019 /PRNewswire/ - Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Herita... See more »
May 6, 2019Heritage Insurance Blog

Heritage Reports First Quarter 2019 Results

CLEARWATER, Fla., May 6, 2019 /PRNewswire/ - Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Heritag... See more »
April 19, 2019Heritage Insurance Blog

Heritage Sets First Quarter 2019 Earnings Release and Call Dates

CLEARWATER, Fla., April 19, 2019 /PRNewswire/ - Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Heri... See more »
April 19, 2019Heritage Insurance Blog

Heritage Announces Preliminary First Quarter 2019 Catastrophe Losses

CLEARWATER, Fla., April 19, 2019 /PRNewswire/ - Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Heri... See more »

Heritage Insurance Press Releases

October 31, 2017PR Newswire

Heritage Announces Fourth Quarter Dividend

CLEARWATER, Fla., Oct. 31, 2017 /PRNewswire/ -- Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Heri... See more »
September 6, 2017PR Newswire

Heritage Insurance Reiterates Reduction in Tri-County Exposure and Catastrophe Plan

CLEARWATER, Fla., Sept. 7, 2017 /PRNewswire/ -- Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Heri... See more »
August 7, 2017Blackbird

Heritage Announces Third Quarter Dividend

CLEARWATER, Fla., Aug. 8, 2017 /PRNewswire/ -- Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Herit... See more »
August 6, 2017streetinsider

Heritage Writes First Homeowners Insurance Policy in Alabama

Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Heritage" or the "Company"), a property and casualty... See more »
July 31, 2017Blackbird

Heritage Insurance Holdings, Inc. Sets August 9, 2017 for Second Quarter 2017 Earnings Results Call

CLEARWATER, Fla., Aug. 1, 2017 /PRNewswire/ -- Heritage Insurance Holdings, Inc. (NYSE: HRTG), a prop... See more »

Headquarters

4503 Woodland Corporate Blvd Suite 100

Tampa, Florida33614

1-855-620-9978

Driving Directions »

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Summary

ABOUT

Overview

Heritage Insurance is a property and casualty insurance company that provides personal and commercial insurance products. Heritage Insurance was founded in 2012. Heritage Insurance's headquarters is located in Tampa, Florida, USA 33614. It has raised ...

CEO

Heritage Insurance's Chairman & CEO, Bruce Lucas, currently has an approval rating of 88%. Heritage Insurance's primary competitors are UPC Insurance, EMC & Acuity.

Website

heritagepci.com

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 Bruce Lucas
  3. How much revenue does Heritage Insurance generate?

    Heritage Insurance generates $371.2M 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 Tampa Florida, USA
  2. How many employees does Heritage Insurance have?

    Heritage Insurance has 308 employees
  3. What sector does Heritage Insurance operate in?

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

    Heritage Insurance's top competitors are UPC Insurance, EMC, Acuity