Heritage fully places 2025-2026 CAT XOL reinsurance program; limit up $285M, cost up $8M

Heritage Insurance Holdings, Inc.

Purchased $2.479B limit vs $2.194B prior year; cost $430.9M (+$7.8M).
Two new catastrophe bonds (Citrus Re) provide $200M limit for hurricane season.
Retention: $50M Southeast/Hawaii, $39.3M Northeast; FHCF participation 90%.
Program is indemnity-based, no parametric covers; includes multi-year collateralized bonds.
CEO cites strong reinsurer commitment and increased retention to match risk tolerance.

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