Heritage Insurance Holdings, Inc.: management transactions · United States · SEC (Form 4)

About Heritage Insurance Holdings, Inc.

Heritage Insurance Holdings, Inc. (NYSE: HRTG) is a U.S.-listed property and casualty insurer headquartered in Tampa, Florida, United States. The company was established in 2012 and incorporated in Delaware in 2014. For investors, Heritage is best understood as a super-regional specialist focused on residential property insurance, with a business model shaped by catastrophe exposure, underwriting discipline, and reinsurance management. Heritage’s core activity is homeowners and residential property coverage. Its primary products include personal residential insurance, commercial residential insurance, and a smaller line of commercial general liability business. The company operates as a single reportable segment, reflecting a streamlined operating structure and a focused underwriting footprint. In its 2024 annual report, Heritage said it writes personal residential insurance on an admitted basis across fourteen eastern and Gulf Coast states, commercial residential insurance in three of those states, personal residential business in Hawaii, and selected excess and surplus lines business in California and Florida. It is also licensed, though inactive, in Pennsylvania. From a competitive standpoint, Heritage sits in the U.S. regional insurance tier rather than among the national giants. That positioning can be attractive because it allows the company to specialize in niche residential markets and use data-driven underwriting to adjust pricing and exposure more quickly. At the same time, the model is inherently sensitive to hurricane, wind, and other catastrophe losses, as well as to the price and availability of reinsurance. As a result, the investment case tends to revolve around margin discipline, reserve adequacy, and portfolio mix rather than top-line growth alone. Heritage has been emphasizing portfolio optimization, selective underwriting, and geographic and product diversification. Management has also highlighted efforts to improve profitability through rate actions, tighter underwriting standards, and a strong reinsurance program. In the company’s most recent reporting, it continued to describe its strategy as one aimed at improving long-term returns while reducing dependence on any single weather event or catastrophe cycle. That is important in a market such as U.S. homeowners insurance, where claims inflation and climate volatility can quickly pressure combined ratios. Recent developments have been encouraging. In March 2026, Heritage reported fourth-quarter and full-year 2025 results showing a meaningful improvement in net income and a lower net loss ratio versus the prior year quarter, suggesting a stronger underwriting outcome. For investors in French-speaking Europe, Heritage is therefore a niche insurance name on the NYSE in the United States, with a thesis tied to catastrophe risk management, reinsurance costs, and the company’s ability to sustain underwriting profitability over time.