Heritage Insurance Holdings, Inc.

Heritage Insurance Holdings, Inc.

Heritage Insurance Holdings, Inc.

Overview
Date Founded

2013

Headquarters

2600 McCormick Drive Suite 300 Clearwater FL 33759

Type of Company

Public

Employees (Worldwide)

447

Industries

Insurance: Property & Casualty
Holding Companies

Company Description

Heritage Insurance Holdings, Inc. engages in the writing of personal and residential premium, property, and casualty insurance policies. It offers personal residential insurance for single-family homeowners and condominium owners, rental property insurance, and commercial residential insurance. The company was founded in August 2012 and is headquartered in Clearwater, FL.

Contact Data
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Executives & Employees

Chairman of the Board & Chief Executive Officer

Chief Financial Officer

Chief Operating Officer

Chief Accounting Officer

Controller

Director, Risk Management

Investor Relations Director

Executive Vice President & Director of Investor Relations

Vice President

Board of Directors

Chairman of the Board & Chief Executive Officer at Heritage Insurance Holdings, Inc.

President at Heritage Insurance Holdings, Inc.

President & Owner at Besa Grill

Chairman, Managing Director & Founder at Atlantic Super Market SA

Chief Executive Officer at Comegys Insurance Agency, Inc.

Chairman & Managing Director at Control Touch Electronics Poona Pvt Ltd.

Chief Operating & Financial Officer at Megastar Advisors LLC

Professional at Heritage Insurance Holdings, Inc.

Chief Executive Officer at Healthmap Solutions, Inc.

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Heritage Insurance Holdings, Inc.
Owners & Shareholders
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Phocas Financial Corp. specializes in US Small-Cap Value equities, US Large-Cap Value equities, and REITs. The firm seeks to generate superior long-term returns with low turnover and moderate risk. They employ bottom-up research to evaluate individual companies' intrinsic value.Phocas' Small Cap Value strategy seeks outstanding returns over long time periods with minimal risk, across macroeconomic cycles and industry sectors. The strategy focuses on broadly diversified positions in small-cap value equities diversified across major industrial sectors, with an emphasis on stocks with a high potential for attractive appreciation.Phocas' REIT strategy seeks outstanding returns over long time periods with minimal risk, across macroeconomic cycles and commercial real estate sectors. They focus on core positions in REIT equities, using both qualitative and quantitative criteria to choose those companies that provide the best long-term value. Phocas diversifies their REIT holdings among all major commercial real estate sectors, with an emphasis on management teams able to create value and minimize risk. The Phocas Real Estate Fund (PHREX) invests in securitized commercial real estate stocks.The firm's Large-Cap Value strategy focuses on broadly diversified positions in large-cap value equities, using both qualitative and quantitative criteria to choose those companies that provide the best long-term value. Phocas seeks balance through diversification across major industrial sectors.

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Rutabaga Capital Management (RCM) provides investment advice primarily related to common stock of companies with micro and small market capitalizations. They define companies that have micro capitalizations to have a market capitalization less than $300 million. They define companies that have small capitalizations to have a market capitalization between $300 million and $1.5 billion. RCM invests primarily in common stock equity securities issued by US issuers. Portfolios are relatively fully invested at all times. Virtually all of the same securities are held across all institutional accounts within the respective strategies, micro-cap and small-cap. RCM utilizes a fundamental, bottom-up company-specific approach that emphasizes identifying companies with strong market shares (usually #1 or #2 in their markets).

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Mesirow Financial is an independent diversified financial services firm. We aim to understand, anticipate and meet our clients' financial needs with a multitude of high-quality products and services. With headquarters in Chicago, and locations across the globe, we are made up of approximately 1,200 employees, of which 25% have ownership in the firm. For the past seven decades our firm has remained committed to the distinguishing characteristics and core values upon which it was founded

Recent Transactions
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Heritage Insurance Holdings, Inc. raised money in a private placement transaction

Details Hidden

Heritage Insurance Holdings, Inc. purchases NBIC Holdings, Inc. from Pine Brook Road Partners LLC

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Heritage Insurance Holdings, Inc. purchases Zephyr Acquisition Co.

Insider Transactions
Details Hidden
Transaction Advisors
Underwriter

Advised onHeritage Insurance Holdings, Inc. issued Common Stock

Investment Advisor

Advised onHeritage Insurance Holdings, Inc. purchases NBIC Holdings, Inc. from Pine Brook Road Partners LLC

Escrow Agent

Advised onHeritage Insurance Holdings, Inc. issued Common Stock

Associate

Advised onHeritage Insurance Holdings, Inc. issued Common Stock

Co-Chair, Insurance Regulatory & Transactions Practice

Advised onHeritage Insurance Holdings, Inc. purchases NBIC Holdings, Inc. from Pine Brook Road Partners LLC

Associate

Advised onHeritage Insurance Holdings, Inc. issued Common Stock

Advisors & Consultants
Consultant
Advisor

Principal, Investment Banking at Sandler O'Neill & Partners LP

Key Stats and Financials As of 2018
Market Capitalization
$421M
Total Enterprise Value
$533M
Earnings Per Share
$1.04
Revenue
$482M
Net Profit
$27.2M
Total Debt
$149M
Total Equity
$425M
Enterprise Value Sales
1.11x
TEVNet Income
19.63x
Debt TEV
0.28x
Five Year Compounded Annual Growth Rate Of Revenue
31.04%
Three Year Compounded Annual Growth Rate Of Revenue
6.9%
Suppliers
Markel Corp. Accounting & Financial Services | Glen Allen, Virginia

Markel Corporation (MKL-NYSE) is a diverse financial holding company serving a variety of niche markets. Our principal business markets and underwrites specialty insurance products. In each of our businesses, we seek to provide quality products and excellent customer service so that we can be a market leader. Our financial goals are to earn consistent underwriting and operating profits and superior investment returns to build shareholder value. To reach our financial and operational goals, we must have extensive knowledge and expertise in our chosen markets. By focusing on the distinctive risk characteristics of our insureds, we have been able to identify a variety of niche markets where we can add value with our specialty product offerings. Examples of niche markets that we have targeted include: wind and earthquake exposed commercial properties, liability coverage for highly specialized professionals, horse mortality and other horse related risks, personal watercrafts, high-valued motorcycles, aviation and energy related activities. Our market strategy in each of these areas of specialization is tailored to the unique nature of the risk, coverage and services required by insureds. In each of our niche markets, we assign teams of experienced underwriters and claims specialists who can provide a full range of insurance services. By focusing on market niches where we have underwriting expertise, we seek to earn consistent underwriting profits. Underwriting profits are a key component of our strategy. We believe that the ability to achieve consistent underwriting profits demonstrates knowledge and expertise, commitment to superior customer service and the ability to manage insurance risk.

Fairfax Financial Holdings Ltd. Private Equity & Venture Capital | Toronto, ON

Fairfax Financial Holdings Limited is a holding company whose corporate objective is to achieve a high rate of return on invested capital and build long term shareholder value. The company has been under present management since September 1985.

Allianz SE Insurance: Property & Casualty | Munich, BV

since 1896. We offer world class expertise across a wide range of financial services, from active asset management to insurance for the majority of Hollywood films to innovative solutions to help grow and protect income in retirement. As a leading global financial services company with more than 150,000 employees in 70 countries, we're proud to make a difference in the lives of our more than 78 million clients worldwide each day.

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