secwatch.observer — SEC 8-K summary
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Issuer:     Heritage Insurance Holdings, Inc. (HRTG)
CIK:        0001598665
Form:       8-K
Filed at:   2023-05-18T23:59:59+00:00
Accession:  0001193125-23-148205
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Heritage Insurance fully places 2023-2024 CAT XOL reinsurance program; cost $420.5M, retention $30-40M
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- Total reinsurance cost of ~$420.5M, 32% of Q1 2023 PIF vs 31% prior year.
- First event consolidated loss retention: ~$40M SE/Hawaii, ~$30M NE.
- Includes $120M NE-only, $115M NE/Hawaii from Citrus Re 2023 cat bonds plus $100M from 2022 bond.
- RAP program provides ~$71M limit at no cost, first-time use for Heritage.
- Premiums-in-force $1.3B in Q1 2023, up 10.9% YoY; avg premium per policy up 21.9% YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1598665/000119312523148205/0001193125-23-148205-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1598665/000119312523148205/d487440d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-148205

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