Heritage Insurance Hldgs Inc (HRTG) - Net Assets
Based on the latest financial reports, Heritage Insurance Hldgs Inc (HRTG) has net assets worth $437.25 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.37 Billion) and total liabilities ($1.93 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check HRTG asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $437.25 Million |
| % of Total Assets | 18.47% |
| Annual Growth Rate | 21.49% |
| 5-Year Change | -34.26% |
| 10-Year Change | -18.44% |
| Growth Volatility | 78.74 |
Heritage Insurance Hldgs Inc - Net Assets Trend (2012–2024)
This chart illustrates how Heritage Insurance Hldgs Inc's net assets have evolved over time, based on quarterly financial data. Also explore Heritage Insurance Hldgs Inc total assets for the complete picture of this company's asset base.
Annual Net Assets for Heritage Insurance Hldgs Inc (2012–2024)
The table below shows the annual net assets of Heritage Insurance Hldgs Inc from 2012 to 2024. For live valuation and market cap data, see HRTG stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $290.80 Million | +32.01% |
| 2023-12-31 | $220.28 Million | +68.10% |
| 2022-12-31 | $131.04 Million | -61.80% |
| 2021-12-31 | $343.05 Million | -22.45% |
| 2020-12-31 | $442.34 Million | -1.44% |
| 2019-12-31 | $448.80 Million | +5.52% |
| 2018-12-31 | $425.33 Million | +11.98% |
| 2017-12-31 | $379.82 Million | +6.11% |
| 2016-12-31 | $357.96 Million | +0.39% |
| 2015-12-31 | $356.55 Million | +39.78% |
| 2014-12-31 | $255.09 Million | +218.93% |
| 2013-12-31 | $79.98 Million | +184.45% |
| 2012-12-31 | $28.12 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Heritage Insurance Hldgs Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 9312200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $87.66 Million | 30.14% |
| Common Stock | $3.00K | 0.00% |
| Other Comprehensive Income | $-28.60 Million | -9.84% |
| Other Components | $231.74 Million | 79.69% |
| Total Equity | $290.80 Million | 100.00% |
Heritage Insurance Hldgs Inc Competitors by Market Cap
The table below lists competitors of Heritage Insurance Hldgs Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MCEWEN MINING INC.
F:US8
|
$825.46 Million |
|
BOROSIL RENEWABLES LIMITED
NSE:BORORENEW
|
$826.04 Million |
|
Shenzhen Jinjia Color Printing Group Co Ltd
SHE:002191
|
$826.40 Million |
|
Diagnósticos da América S.A
SA:DASA3
|
$826.42 Million |
|
Yan Tai Shuang Ta Food Co Ltd
SHE:002481
|
$825.02 Million |
|
Zhongyeda Electric Co Ltd
SHE:002441
|
$824.73 Million |
|
Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co Ltd
SHG:688505
|
$824.00 Million |
|
Yieh Phui Enterprise Co Ltd
TW:2023
|
$823.88 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Heritage Insurance Hldgs Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 220,280,000 to 290,799,000, a change of 70,519,000 (32.0%).
- Net income of 61,539,000 contributed positively to equity growth.
- Dividend payments of 54,000 reduced retained earnings.
- Share repurchases of 3,000 reduced equity.
- Other comprehensive income increased equity by 6,646,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $61.54 Million | +21.16% |
| Dividends Paid | $54.00K | -0.02% |
| Share Repurchases | $3.00K | -0.0% |
| Other Comprehensive Income | $6.65 Million | +2.29% |
| Other Changes | $2.39 Million | +0.82% |
| Total Change | $- | 32.01% |
Book Value vs Market Value Analysis
This analysis compares Heritage Insurance Hldgs Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.03x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 29.50x to 3.03x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $0.97 | $28.72 | x |
| 2013-12-31 | $2.77 | $28.72 | x |
| 2014-12-31 | $9.88 | $28.72 | x |
| 2015-12-31 | $11.76 | $28.72 | x |
| 2016-12-31 | $12.08 | $28.72 | x |
| 2017-12-31 | $14.17 | $28.72 | x |
| 2018-12-31 | $16.30 | $28.72 | x |
| 2019-12-31 | $15.35 | $28.72 | x |
| 2020-12-31 | $15.80 | $28.72 | x |
| 2021-12-31 | $12.34 | $28.72 | x |
| 2022-12-31 | $4.97 | $28.72 | x |
| 2023-12-31 | $8.39 | $28.72 | x |
| 2024-12-31 | $9.49 | $28.72 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Heritage Insurance Hldgs Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 21.16%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.53%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 8.49x
- Recent ROE (21.16%) is above the historical average (-0.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | -19.44% | -97.09% | 0.07x | 2.91x | $-8.28 Million |
| 2013 | 42.77% | 34.63% | 0.35x | 3.53x | $26.21 Million |
| 2014 | 18.46% | 20.14% | 0.38x | 2.41x | $21.59 Million |
| 2015 | 25.95% | 23.43% | 0.47x | 2.35x | $56.86 Million |
| 2016 | 9.46% | 7.71% | 0.42x | 2.89x | $-1.93 Million |
| 2017 | -0.29% | -0.28% | 0.23x | 4.66x | $-39.10 Million |
| 2018 | 6.38% | 5.66% | 0.27x | 4.16x | $-15.38 Million |
| 2019 | 6.38% | 5.60% | 0.26x | 4.32x | $-16.24 Million |
| 2020 | 2.11% | 1.57% | 0.28x | 4.72x | $-34.91 Million |
| 2021 | -21.78% | -11.83% | 0.32x | 5.77x | $-109.03 Million |
| 2022 | -117.80% | -23.30% | 0.28x | 18.26x | $-167.47 Million |
| 2023 | 20.57% | 6.16% | 0.35x | 9.62x | $23.28 Million |
| 2024 | 21.16% | 7.53% | 0.33x | 8.49x | $32.46 Million |
Industry Comparison
This section compares Heritage Insurance Hldgs Inc's net assets metrics with peer companies in the Insurance - Property & Casualty industry.
Industry Context
- Industry: Insurance - Property & Casualty
- Average net assets among peers: $10,084,217,400
- Average return on equity (ROE) among peers: 20.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Heritage Insurance Hldgs Inc (HRTG) | $437.25 Million | -19.44% | 4.41x | $825.07 Million |
| American Coastal Insurance Corp (ACIC) | $42.93 Million | 77.85% | 4.43x | $509.11 Million |
| American Financial Group Inc (AFG) | $4.05 Billion | 22.16% | 4.95x | $10.99 Billion |
| Aspen Insurance Holdings Limited (AHL) | $1.48 Billion | 13.17% | 1.66x | $115.72 Million |
| American Integrity Insurance Group, Inc. (AII) | $162.39 Million | 24.47% | 6.38x | $372.20 Million |
| Assurant Inc (AIZ) | $4.28 Billion | 12.14% | 6.44x | $10.94 Billion |
| The Allstate Corporation (ALL) | $16.60 Billion | 16.38% | 4.91x | $54.30 Billion |
| Ategrity Specialty Insurance Company Holdings (ASIC) | $322.20 Million | 3.12% | 1.74x | $943.07 Million |
| Bowhead Specialty Holdings Inc. (BOW) | $83.37 Million | 13.50% | 5.78x | $810.40 Million |
| Chubb Ltd (CB) | $68.39 Billion | 13.56% | 2.60x | $125.59 Billion |
| Cincinnati Financial Corporation (CINF) | $5.42 Billion | 4.70% | 1.18x | $24.98 Billion |
About Heritage Insurance Hldgs Inc
Heritage Insurance Holdings, Inc., through its subsidiaries, provides personal and commercial residential insurance products. It offers personal residential insurance in Alabama, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Maryland, Massachusetts, Mississippi, New Jersey, New York, North Carolina, Rhode Island, South Carolina, and Virginia; and commercial residential property ins… Read more