For the quarter ending 2025-09-30, HRTG had $86,793K increase in cash & cash equivalents over the period. $122,720K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 50,421 | 78,498 |
| Stock-based compensation | 1,237 | 2,915 |
| Bond amortization and accretion | 169 | 208 |
| Expected credit allowance on reinsurance | -44 | 22 |
| Gain on sale of fixed assets, net | - | 4 |
| Amortization of original issuance discount on debt | 111 | 140 |
| Depreciation and amortization | 3,302 | 5,856 |
| Allowance (recovery) for bad debt | 114 | 181 |
| Net realized gains on debt securities and other investments | 2,746 | 0 |
| Deferred income taxes | 2,364 | -939 |
| Accrued investment income | -83 | -43 |
| Premiums receivable, net | -12,075 | -2,229 |
| Prepaid reinsurance premiums | -104,165 | 220,483 |
| Reinsurance recoverable on paid and unpaid claims | -144,612 | -216,137 |
| Income taxes receivable | -12,713 | 19,118 |
| Deferred policy acquisition costs, net | -4,148 | 7,736 |
| Right of use leased asset, net | -680 | -1,849 |
| Other assets | -3,761 | 14,539 |
| Unpaid losses and loss adjustment expenses | -63,599 | -329,504 |
| Unearned premiums | -28,801 | 59,528 |
| Reinsurance payable | -123,343 | 275,220 |
| Accrued interest | -188 | -125 |
| Debt issuance cost | -2,206 | - |
| Accrued compensation | 1,347 | -2,543 |
| Advance premiums | -7,688 | -3,420 |
| Income tax payable | 0 | -846 |
| Leased liabilities, net | -716 | -1,891 |
| Other liabilities | -2,710 | -3,973 |
| Net cash provided by operating activities | 124,303 | 44,129 |
| Fixed maturity securities sales, maturities and paydowns | 94,528 | 91,238 |
| Fixed maturity securities purchases | 123,779 | 86,327 |
| Redemption of equity securities | 0 | 893 |
| Return on other investments | 3,578 | 1,088 |
| Equity securities reinvestment of dividends | 0 | 21 |
| Proceeds from for sale of property | 2,895 | 16 |
| Cost of property and equipment acquired | 1,583 | 3,631 |
| Net cash used in investing activities | -24,361 | 3,256 |
| Repayment of term note | 375 | 4,750 |
| Mortgage loan payments | -10,491 | -148 |
| Payment on loan agreement | 0 | 19,200 |
| Repurchase treasury stock | 2,283 | - |
| Proceeds from loan agreement | 0 | 0 |
| Additional costs associated with public offering | 0 | 0 |
| Dividends forfeited | 0 | 0 |
| Net cash used in financing activities | -13,149 | -24,098 |
| Increase in cash, cash equivalents, and restricted cash | 86,793 | 23,287 |
| Cash and cash equivalents at beginning of period | 463,645 | - |
| Cash and cash equivalents at end of period | 573,725 | - |
Heritage Insurance Holdings, Inc. (HRTG)
Heritage Insurance Holdings, Inc. (HRTG)