March 2022 Investor Presentation
IN-FORCE METRICS
Florida property insurance only accounts for 27% of Heritage's property total insured value (TIV), but reflects 48% of premiums in-force - the
$540 Florida personal residential (PRES) insurance average premium per $100,000 of TIV is more than double the $210 non-Florida average
(Florida's more expensive policies reflect its higher hurricane and litigation risk), while the $409,263 Florida PRES average insured value is well
below the $813,594 average for non-Florida states (property values in Florida trail those in Heritage's northeast US states).
Premium/$100k TIV
1,200
1,000
800
$1,050
IN-FORCE METRICS ($ in millions)
Premiums In-Force
YE2015
YE2016
YE2017
YE2018
PRES
$478
$516
$850
$837
YE2019
$861
YE2020
YE2021
$969
$1,052
CRES
$113
$119
$90
$83
$73
$104
$110
CGL
$0
$1
$2
$4
$6
$9
$11
Total
$592
$635
$942
$924
$941
$1,082
$1,172
Policies In-Force
600
$540
$537
YE2015
400
$452
$425
$259
$402
$210
PRES 253,726
CRES 3,405
CGL
Total 257,131
YE2016
318,824
3,625
852
323,301
YE2017
518,957
YE2018
YE2019
YE2020
YE2021
508,424
522,442
568,068
556,507
3,100
2,973
2,533
3,074
2,745
2,393
524,450
4,289
6,970
515,686 531,945
9,904
581,046
12,064
571,316
200
0
FL PRES
Non-FL PRES FL PRES TC
FL PRES ex-TC
FL CRES
Non-FL CRES
FL CRES TC FL CRES ex-TC
FL PRES
TIV/PIF $409,263
FL PRES ex-TC
$416,329
Non-FL PRES FL PRES TC
$813,594 $372,655
TIV = total insured value • PIF = policies in-force • PRES = personal residential •CRES = commercial residential • TC = Tri-County (FL)
FL CRES
$9,706,149
Non-FL CRES
$7,146,416
FL CRES TC FL CRES ex-TC
$12,022,485 $9,346,289
PRES
CRES
Total
Total Insured Value (Property)
YE2015 YE2016 YE2017 YE2018 YE2019 YE2020 YE2021
$72,102 $109,888 $289,974 $296,432 $316,075 $353,780 $371,734
$22,764 $26,367 $22,832 $23,038 $20,958 $27,851 $26,241
$94,866 $136,256 $312,806 $319,470 $337,033 $381,632 $397,975
March 2022 Investor Presentation
10
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