Heritage Insurance Holdings
Heritage Insurance Holdings is a super-regional property and casualty insurance holding company writing approximately $1.4 billion in gross premiums across the Northeast, Southeast, Hawaii, and California E&S markets through subsidiaries Heritage Property & Casualty, Narragansett Bay, and Zephyr.
- Company typePublic
- Founded2012
- HeadquartersTampa, United States
- Headcount501–1,000
- GTM typeB2C
- OfferingServices
Heritage Insurance Holdings firmographics
Firmographics- Name
- Heritage Insurance Holdings
- Legal name
- Heritage Insurance Holdings, Inc.
- Website
- https://investors.heritagepci.com
- Company type
- Public
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Heritage Insurance Holdings is a super-regional property and casualty insurance holding company writing approximately $1.4 billion in gross premiums across the Northeast, Southeast, Hawaii, and California E&S markets through subsidiaries Heritage Property & Casualty, Narragansett Bay, and Zephyr.
- Ownership category
- akta.pro rank
Heritage Insurance Holdings industry classification
Industry- Product category
- Property and Casualty Insurance
- NAICS
- Direct Property and Casualty Insurance Carriers (524126), Direct Insurance (except Life, Health, and Medical) Carriers (52412)
- SIC
- Fire, Marine & Casualty Insurance (6331)
- akta.pro primary industry
- Homeowners Insurance (FSAJACAA)
- akta.pro secondary industry
- Commercial Property Insurance (FSAJACAE)
Keywords
Where Heritage Insurance Holdings is headquartered
LocationHeadquarters
- HQ city
- Tampa
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Heritage Insurance Holdings business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Personnel, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Net Premiums Earned: Heritage Insurance's primary revenue stream is net premiums earned from property and casualty insurance policies. For Q1 2026, net premiums earned were $199.7 million. The company writes approximately $1.4 billion of gross personal and commercial residential premium across multiple states. Premiums are earned ratably over the policy period.
- Net Investment Income: The company generates investment income from its investment portfolio of fixed maturities and other investments. Q1 2026 investment income was $9.9 million, up 15.1% from $8.6 million in Q1 2025. Heritage maintains a conservative portfolio with high quality investments and duration liability matched.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Heritage Insurance Holdings product offering
Product offeringCore offering
Heritage Insurance Holdings is a super-regional property and casualty insurance holding company that underwrites personal residential and commercial residential property coverage through three insurance subsidiaries (Heritage Property Casualty Insurance Company, Narragansett Bay Insurance Company, and Zephyr Insurance Company). The company writes approximately $1.4 billion of gross premiums across the Northeast, Southeast, Hawaii, and California excess and surplus lines, focusing on catastrophe-prone property risks including hurricanes, wildfires, winter storms, and severe convective storms.
Product overview
Heritage Insurance Holdings is a super-regional property and casualty insurance holding company offering a multi-product portfolio through its three insurance subsidiaries: Heritage Property Casualty Insurance Company, Narragansett Bay Insurance Company (NBIC), and Zephyr Insurance Company. The core product lineup includes personal lines products (Homeowners HO3, Condo Insurance HO6, Dwelling Fire DP3) and commercial residential property insurance, supplemented by specialty programs like the Artisan Contractor Program and Equipment Coverage add-ons. The company writes approximately $1.4 billion in gross premiums across the Northeast, Southeast, Hawaii, and California excess and surplus lines markets, focusing on catastrophe-prone property coverage including hurricane, wildfire, winter storm, and severe convective storm protection. Heritage operates on a catastrophe-focused property insurance model with strategic initiatives emphasizing rate adequacy, underwriting discipline, and geographic diversification.
Differentiator
Problem solved
Functional benefit
Brands
- Heritage Property & Casualty Insurance Company: Primary insurance subsidiary writing personal and commercial residential property coverage primarily in Florida.
- Narragansett Bay Insurance Company (NBIC)
- Zephyr Insurance Company
Products and services
- Homeowners Insurance (HO3)
Companies that use Heritage Insurance Holdings
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
Heritage Insurance Holdings technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability4 records
Feature2 records
Heritage Insurance Holdings partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and major.
- Hi MarleycoreHeritage announced a new partnership with Hi Marley that allows policyholders to start an insurance claim simply by sending a text message, improving customer experience and claims intake efficiency through intelligent SMS-based communication.
- Hawaii Hurricane Relief FundcoreHeritage subsidiary Zephyr Insurance entered into a partnership with the Hawaii Hurricane Relief Fund, providing enhanced hurricane protection coverage for Hawaii policyholders through the state-sponsored risk pooling mechanism.
- Catastrophe Reinsurance PartnerscoreHeritage has secured catastrophe reinsurance coverage from multiple reinsurance partners providing over $2.2 billion of limit including catastrophe bonds. The program includes multi-year coverage and lower overall cost of $367.5 million.
- GuidewirecoreHeritage Insurance has deployed Guidewire's PolicyCenter and BillingCenter on the Guidewire Cloud Platform across 13 states, with PwC leading the implementation, providing modern core insurance system capabilities.
- PwCmajorPwC led the implementation of Guidewire's PolicyCenter and BillingCenter on the Guidewire Cloud Platform across Heritage's 13-state footprint.
Scale indicators12 records
Recent moves7 records
Expansion highlights6 records
Heritage Insurance Holdings competitors and assessment
Company assessmentBroad incumbents
- Markel Group: Large specialty insurance holding company with property and casualty operations spanning specialty personal lines and E&S. While far broader and more diversified than Heritage, Markel represents an established specialty insurance benchmark and competes in some of Heritage's specialty product categories.
- Hanover Insurance Group: Mid-size national P&C carrier with meaningful personal and commercial property exposure, particularly in the Northeast where Heritage operates through NBIC. Comparable in scale and provides overlap in personal lines and commercial residential products.
- Travelers Companies: Large national P&C carrier with significant homeowners and commercial residential exposure across the U.S. While much larger and more diversified than Heritage, Travelers competes for the same agent relationships and property insurance customers and provides a benchmark for combined ratio performance and AI underwriting adoption.
Direct peers
- Palomar Holdings: Specialty property insurer focusing on catastrophe-exposed coastal and earthquake-exposed geographies with a similar surplus-lines distribution strategy. Comparable in scale and growth profile, and competes for specialty residential and commercial residential premiums in CA and other CAT-prone states.
- Universal Insurance Holdings (now 1347 Property Insurance): Publicly traded Florida-headquartered P&C insurer writing homeowners, condo, and commercial residential coverage — an almost identical product set to Heritage. Operates in overlapping catastrophe-exposed geographies with comparable agent distribution and reinsurance-driven capital structure.
- FedNat Holding Company: Florida-focused residential property writer (now operating through FedNat Insurance Company and Maison Insurance) competing directly in catastrophe-exposed homeowners markets. Smaller and historically financially pressured, but a direct overlap in product, geography, and agent distribution model.
- American Integrity Insurance: Florida-focused P&C insurer specializing in catastrophe-exposed residential property. Notably, Heritage CEO Ernie Garateix was previously VP of Operations at American Integrity, highlighting direct operational and strategic overlap in product, geography, and underwriting philosophy.
- Tower Hill Insurance Group: Mutual-style Florida property and casualty writer focused on homeowners in catastrophe-exposed regions. Shares Heritage's product mix and core geography, and is one of the most direct Florida P&C peers in agent distribution and risk appetite.
- HCI Group: Florida-based specialty property and casualty insurer focused on catastrophe-exposed personal lines, with direct overlap to Heritage in homeowners and commercial residential. Both are super-regional carriers that have aggressively pursued rate adequacy in catastrophe-prone states and rely heavily on reinsurance to manage volatility.
Regional players
- Citizens Property Insurance Corporation: Florida state-backed residual market insurer of last resort for property coverage. While not a direct commercial peer, Citizens is the dominant Florida property writer and serves as a structural counterweight to Heritage — its depopulation efforts directly compete with Heritage for non-catastrophe-exposed takeout policies.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks1 record
Key highlights7 records
Customer concentration
Heritage Insurance Holdings social profiles
Digital presenceHeritage Insurance Holdings financial estimates
Financial estimateRevenue estimate
Valuation estimate
Heritage Insurance Holdings leadership team
Management profileNumber of profiles
Profiles4 records
Heritage Insurance Holdings subsidiaries and ownership
Company hierarchySubsidiaries3 records
Heritage Insurance Holdings funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Heritage Insurance Holdings M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Heritage Insurance Holdings
What does Heritage Insurance Holdings do?
Heritage Insurance Holdings is a super-regional property and casualty insurance holding company that underwrites personal residential and commercial residential property coverage through three insurance subsidiaries (Heritage Property Casualty Insurance Company, Narragansett Bay Insurance Company, and Zephyr Insurance Company). The company writes approximately $1.4 billion of gross premiums across the Northeast, Southeast, Hawaii, and California excess and surplus lines, focusing on catastrophe-prone property risks including hurricanes, wildfires, winter storms, and severe convective storms.
Is Heritage Insurance Holdings a public or private company?
Heritage Insurance Holdings is a public company. It is classified as public and is currently operating.
When was Heritage Insurance Holdings founded?
Heritage Insurance Holdings was founded in 2012. It employs 501 to 1,000 people.
Where is Heritage Insurance Holdings based?
Heritage Insurance Holdings is headquartered in Tampa, United States, in the North America region.
How does Heritage Insurance Holdings make money?
Two revenue lines are on record. Net Premiums Earned is the primary driver. The others are net Investment Income.
Who are Heritage Insurance Holdings's main competitors?
Broad incumbents on record are Markel Group, Hanover Insurance Group and Travelers Companies. Direct peers are Palomar Holdings, Universal Insurance Holdings (now 1347 Property Insurance), FedNat Holding Company, American Integrity Insurance, Tower Hill Insurance Group and HCI Group. Citizens Property Insurance Corporation is listed as a regional player.
Does Heritage Insurance Holdings have an API?
No public API is recorded for Heritage Insurance Holdings.
What industry is Heritage Insurance Holdings in?
Heritage Insurance Holdings's product category is Property and Casualty Insurance. Its primary akta.pro industry code is FSAJACAA, Homeowners Insurance, with a secondary code of FSAJACAE, Commercial Property Insurance. Its NAICS code is 524126 and its SIC code is 6331.