Heritage insurance holdings, inc. (HRTG)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Jun'14Dec'13
ASSETS
Fixed maturities, available-for-sale, at fair value (amortized cost of $601,890 and $577,789)

613,355

587,256

616,084

553,619

527,940

509,649

515,541

508,921

486,678

549,796

494,484

569,052

572,904

571,011

517,573

518,211

453,037

371,783

380,310

401,529

364,896

293,085

133,417

104,668

Federal Home Loan Bank (FHLB) stock, at cost

-

-

1,618

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity securities, at fair value, (cost $1,618 and $1,618)

1,599

1,618

-

1,618

17,375

16,456

15,709

-

-

17,217

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other investments

6,375

6,375

27,372

22,761

21,693

2,488

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total investments

-

-

-

-

-

-

531,250

-

-

567,013

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity securities, available for sale, at fair value (cost of $17,070 and $17,548 in 2018 and 2017, respectively)

-

-

-

-

-

-

-

15,958

16,235

-

25,396

32,139

32,934

31,971

32,205

31,856

28,130

28,313

15,378

31,055

31,702

31,225

17,538

25,446

Mortgage loan, held to maturity, at amortized cost

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,100

6,150

6,849

6,021

6,063

Total investments

-

-

-

-

-

-

-

524,879

502,913

-

519,880

601,191

605,838

602,982

549,778

550,067

481,167

400,096

395,688

438,684

402,748

331,159

-

136,177

Total investments

621,329

595,249

645,074

577,998

567,008

528,593

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

156,976

-

Cash and cash equivalents

313,360

268,351

229,996

262,489

279,720

250,117

221,524

218,343

193,641

153,697

352,321

134,176

104,735

105,817

130,835

142,952

168,859

236,277

201,270

131,726

160,813

160,481

182,116

65,059

Restricted cash

16,069

14,657

13,789

13,784

12,257

12,253

12,250

16,884

20,836

20,833

19,853

18,381

18,440

20,910

19,261

18,644

18,644

13,085

12,786

12,786

4,339

4,339

-

-

Accrued investment income

4,262

4,377

4,665

4,549

4,618

4,468

3,753

4,306

4,241

5,057

4,635

5,105

5,009

4,764

4,624

4,329

3,676

3,409

3,282

3,775

3,019

2,617

1,331

971

Premiums receivable, net

62,914

63,685

58,115

57,045

55,096

57,000

68,621

68,168

66,734

67,757

35,326

38,960

34,580

42,720

35,161

34,856

31,642

30,565

26,589

26,326

22,785

20,028

43,432

10,347

Reinsurance recoverable on paid and unpaid claims, net of allowance for estimated uncollectible reinsurance of $44

374,994

428,903

274,116

-

-

317,930

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reinsurance premiums receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,398

-

-

-

-

-

Reinsurance recoverable on paid and unpaid claims

-

-

-

330,406

263,266

-

324,826

467,857

553,823

357,357

370,751

-

-

-

-

-

-

-

-

-

-

-

0

5,337

Prepaid reinsurance premiums

146,029

224,102

270,645

331,543

161,015

233,071

282,649

295,924

164,061

227,764

153,955

213,009

46,058

106,609

168,650

226,627

38,419

78,517

123,541

168,803

19,406

43,148

87,264

31,252

Income taxes receivable

-

3,171

10,611

17,731

365

35,586

36,249

42,492

17,523

37,338

1,649

2,297

6,424

10,713

5,280

2,969

-

-

6,666

8,190

-

-

10,255

5,073

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,964

6,442

6,903

5,336

6,622

-

4,436

Deferred tax asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Deferred policy acquisition costs, net

74,895

77,211

75,613

74,064

69,883

73,055

75,702

69,648

53,862

41,678

41,888

41,792

41,215

42,779

42,129

42,568

35,991

34,800

32,494

31,948

25,843

24,370

25,392

9,765

Property and equipment, net

20,395

20,753

20,873

21,110

21,317

17,998

18,480

18,329

18,417

18,748

16,198

16,547

16,944

17,179

17,600

17,873

17,514

17,111

17,424

17,354

17,734

17,087

13,768

10,935

Intangibles, net

67,051

68,642

70,569

72,663

74,757

76,850

81,911

88,371

94,999

101,626

22,967

23,526

24,084

26,542

26,402

28,467

31,279

2,120

-

-

-

-

-

-

Goodwill

152,459

152,459

152,459

152,459

152,459

152,459

152,459

152,459

152,459

152,459

46,454

46,454

46,454

46,454

48,267

48,845

47,256

8,028

-

-

-

-

-

-

Other assets

26,738

18,110

16,354

18,144

15,232

9,333

15,653

23,239

22,902

19,883

13,107

7,197

5,623

5,775

5,727

4,768

4,596

5,426

14,464

7,630

6,626

5,180

5,297

2,626

Total Assets

1,880,495

1,939,670

1,842,879

1,933,985

1,676,993

1,768,713

1,825,327

1,990,899

1,866,411

1,771,210

1,598,984

1,148,635

955,404

1,033,244

1,053,714

1,122,965

879,043

837,398

855,044

854,125

668,649

615,031

525,831

281,978

LIABILITIES AND STOCKHOLDERS' EQUITY
Unpaid losses and loss adjustment expenses

607,177

613,533

417,586

430,412

404,484

432,359

421,095

488,610

547,735

470,083

489,580

122,785

131,572

140,137

125,695

117,485

108,443

83,722

74,445

70,129

61,846

51,469

-

19,344

Unpaid losses and loss adjustment expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

34,533

-

Unearned premiums

480,627

486,220

484,849

479,162

454,225

472,357

484,680

485,230

452,537

475,334

313,843

312,552

305,650

318,024

323,354

340,818

327,160

302,493

278,358

257,599

249,103

241,136

159,430

116,243

Reinsurance payable

101,960

156,351

254,152

324,834

114,263

166,975

217,022

276,507

56,008

17,577

158,122

224,807

40,924

96,667

177,867

237,020

27,626

60,210

135,589

177,853

16,323

17,113

81,373

29,591

Long-term debt, net

125,775

129,248

130,849

132,449

132,176

148,794

178,330

177,257

185,138

184,405

188,634

-

-

72,905

-

-

-

-

-

-

-

-

-

-

Funds held by company under reinsurance treaties

-

-

-

-

-

-

-

-

-

-

61,732

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,966

7,616

2,692

-

-

-

-

-

-

-

Income taxes payable

4,439

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,829

2,092

-

-

7,325

12,808

2,348

2,805

Note payable, net of issuance costs

-

-

-

-

-

-

-

-

-

-

-

73,276

73,040

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax, net

8,627

12,623

14,278

17,535

5,967

7,705

11,963

15,350

18,280

34,333

4,493

4,651

3,817

3,003

-

-

-

-

-

-

-

-

-

-

Advance premiums

29,394

16,504

21,244

24,463

27,892

20,000

33,435

35,821

37,738

23,648

20,397

25,884

22,081

18,565

20,382

23,827

23,256

12,138

13,066

11,409

14,329

5,143

7,905

3,829

Deferred tax liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,326

-

Accrued compensation

8,237

5,347

8,263

4,758

7,752

9,226

10,486

6,754

7,328

16,477

6,955

5,479

3,469

4,303

5,500

6,238

3,797

2,305

11,666

8,880

5,075

442

3,144

505

Accounts payable and other liabilities

64,962

71,045

66,428

81,522

95,147

85,964

77,760

119,290

172,754

169,537

53,547

13,934

14,020

21,681

16,706

17,594

27,995

17,885

9,520

16,155

26,842

31,831

12,165

8,756

Total Liabilities

1,431,198

1,490,871

1,397,649

1,495,135

1,241,906

1,343,380

1,434,771

1,604,819

1,477,518

1,391,394

1,297,303

783,368

594,573

675,285

676,470

750,598

522,798

480,845

522,644

542,025

380,843

359,942

304,224

181,073

Commitments and contingencies (Note 17)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Redeemable shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

20,921

Stockholders’ Equity:
Common stock, $0.0001 par value, 50,000,000 shares authorized, 28,212,052 shares issued and 27,891,518 shares outstanding at March 31, 2020; 28,996,452 shares issued and 28,650,918 shares outstanding at December 31, 2019

3

3

3

3

3

3

3

3

3

3

2

3

3

3

3

3

3

3

3

3

3

3

3

1

Additional paid-in capital

330,680

329,568

331,558

330,281

328,937

325,292

295,500

294,183

297,112

294,836

209,338

208,135

206,931

205,727

206,240

205,036

203,832

202,628

198,584

193,184

-

188,342

-

-

Additional paid-in capital

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

190,004

-

183,984

62,849

Accumulated other comprehensive income

8,842

7,330

8,550

5,259

-564

-6,527

-9,583

-8,348

-7,649

-3,064

-422

-569

-3,044

-5,018

4,116

5,563

246

-2,033

-3,477

-1,564

2,722

1,723

2,242

-790

Treasury stock, at cost, 9,116,383 and 8,349,483 shares, respectively

113,354

105,368

101,078

96,529

94,196

89,185

89,185

89,185

89,184

87,185

87,185

34,169

30,068

25,562

20,562

16,562

9,635

-

-

-

-

-

-

-

Retained earnings

223,126

217,266

206,197

199,836

200,907

195,750

193,821

189,427

188,611

175,226

179,948

191,867

187,009

182,809

187,447

178,327

161,799

155,955

137,290

120,477

95,077

65,021

35,378

17,924

Total Stockholders' Equity

449,297

448,799

445,230

438,850

435,087

425,333

390,556

386,080

388,893

379,816

301,681

365,267

360,831

357,959

377,244

372,367

356,245

356,553

332,400

312,100

287,806

255,089

221,607

79,984

Total Liabilities and Stockholders' Equity

1,880,495

1,939,670

1,842,879

1,933,985

1,676,993

1,768,713

1,825,327

1,990,899

1,866,411

1,771,210

1,598,984

1,148,635

955,404

1,033,244

1,053,714

1,122,965

879,043

837,398

855,044

854,125

668,649

615,031

525,831

281,978