| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 128,919 | 78,498 |
| Stock-based compensation | 4,152 | 2,915 |
| Bond amortization and accretion | 377 | 208 |
| Expected credit allowance on reinsurance | -22 | 22 |
| Gain on sale of fixed assets, net | - | 4 |
| Amortization of original issuance discount on debt | 251 | 140 |
| Depreciation and amortization | 9,158 | 5,856 |
| Allowance (recovery) for bad debt | 295 | 181 |
| Net realized gains on debt securities and other investments | 2,746 | 0 |
| Deferred income taxes | 1,425 | -939 |
| Accrued investment income | -126 | -43 |
| Premiums receivable, net | -14,304 | -2,229 |
| Prepaid reinsurance premiums | 116,318 | 220,483 |
| Reinsurance recoverable on paid and unpaid claims | -360,749 | -216,137 |
| Income taxes receivable | 6,405 | 19,118 |
| Deferred policy acquisition costs, net | 3,588 | 7,736 |
| Right of use leased asset, net | -2,529 | -1,849 |
| Other assets | 10,778 | 14,539 |
| Unpaid losses and loss adjustment expenses | -393,103 | -329,504 |
| Unearned premiums | 30,727 | 59,528 |
| Reinsurance payable | 151,877 | 275,220 |
| Accrued interest | -313 | -125 |
| Debt issuance cost | -2,206 | - |
| Accrued compensation | -1,196 | -2,543 |
| Advance premiums | -11,108 | -3,420 |
| Income tax payable | -846 | -846 |
| Leased liabilities, net | -2,607 | -1,891 |
| Other liabilities | -6,683 | -3,973 |
| Net cash provided by operating activities | 168,432 | 44,129 |
| Fixed maturity securities sales, maturities and paydowns | 185,766 | 91,238 |
| Fixed maturity securities purchases | 210,106 | 86,327 |
| Redemption of equity securities | 893 | 893 |
| Return on other investments | 4,666 | 1,088 |
| Equity securities reinvestment of dividends | 21 | 21 |
| Proceeds from for sale of property | 2,911 | 16 |
| Cost of property and equipment acquired | 5,214 | 3,631 |
| Net cash used in investing activities | -21,105 | 3,256 |
| Repayment of term note | 5,125 | 4,750 |
| Mortgage loan payments | -10,639 | -148 |
| Payment on loan agreement | 19,200 | 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 | -37,247 | -24,098 |
| Increase in cash, cash equivalents, and restricted cash | 110,080 | 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)