secwatch.observer — SEC 8-K summary
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Issuer:     Heritage Insurance Holdings, Inc. (HRTG)
CIK:        0001598665
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001193125-24-123206
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Heritage Insurance fully places 2024-2025 CAT XOL reinsurance program at $422.3M cost
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- Total consolidated cost ~$422.3M, replacing prior year's RAP program with external partners at added cost.
- First-event tower exhaustion: Northeast $1.1B, Southeast $1.3B, Hawaii $750M; each can be supplemented via Osprey Re.
- New $100M Southeast-only catastrophe bond via Citrus Re; existing bonds ($235M total) remain unused and available.
- Retention: ~$40M for Southeast and Hawaii, ~$32M for Northeast; can be reduced by Osprey Re limit.
- Florida Hurricane Catastrophe Fund participation at 90.0%, consistent with prior year; program is fully indemnity based.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1598665/000119312524123206/0001193125-24-123206-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1598665/000119312524123206/d811863d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-123206

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