Condensed Financial Information of Heritage Insurance Holdings, Inc. (Tables)

12 Months Ended

Dec. 31, 2018

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Schedule of Condensed Balance Sheets

The following summarizes the major categories of Heritage Insurance Holdings, Inc.’s financial statements:

BALANCE SHEET	As of December 31,
	2018			2017
	(In thousands)
ASSETS
Fixed maturity securities, available for sale, at fair value	$	—		$	—
Cash and cash equivalents		13,892			16,249
Investment in and advances to subsidiaries		598,525			584,983
Other assets		3,324			1,294
Total Assets	$	615,741		$	602,526
LIABILITIES AND STOCKHOLDERS' EQUITY
Other liabilities		190,408			222,710
Total Liabilities	$	190,408		$	222,710
Paid-in-capital		325,295			294,839
Treasury stock, at costs, 7,214,797		(89,185	)		(87,185	)
Accumulated other comprehensive income		(6,527	)		(3,064	)
Retained earnings		195,750			175,226
Total Stockholders' Equity	$	425,333		$	379,816
Total Liabilities and Stockholders' Equity	$	615,741		$	602,526

Schedule of Condensed Statements of Operations

STATEMENT OF OPERATIONS	For the Year Ended December 31,
	2018			2017			2016
	(In thousands, except share and per share amounts)
Revenue:
Other revenue	$	1,858		$	1,949		$	1,403
Total revenue		1,858			1,949			1,403
Expenses:
General and administrative expense		19,005			17,792			11,558
Amortization of debt issuance cost		4,623			2,314			41
Interest expense, net		17,277			11,158			321
Other non-operating expense, net		9,791			41,013			—
Total expenses	$	50,696		$	72,277		$	11,920
Loss before income taxes and equity in net income of    subsidiaries		(48,838	)		(70,328	)		(10,517	)
Benefit from income taxes		(9,545	)		(6,120	)		(2,035	)
Loss before equity in net income of subsidiaries		(39,293	)		(64,208	)		(8,482	)
Equity in net income of subsidiaries		—			—			—
Net loss	$	(39,293	)	$	(64,208	)	$	(8,482	)

Schedule of Condensed Statements of Cash Flows

STATEMENT OF CASH FLOW	For the Year Ended December 31,
	2018			2017			2016
	(In thousands)
Net cash provided by (used in) operating activities	$	(21,004	)	$	27,154		$	(6,045	)
Investing Activities
Purchases of investment available for sale		—			78,213			(77,910	)
Dividends received from subsidiaries		92,800			57,575			85,096
Acquisition of a business		—			(210,000	)		—
Investments and advances to subsidiaries		(42,200	)		—			(74,361	)
Net cash provided by (used in) investing activities		50,600			(47,058	)		(73,220	)
Financing Activities
Proceeds from exercise of stock options and warrants		—			417			—
Proceeds from issuance of note payable, net of issuance costs		110,769			114,335			77,910
Proceeds from mortgage loan		—			12,658			—
Repayment of secured senior notes		(79,500	)		—			—
Mortgage loan payments		(264	)		—			—
Repurchase of convertible notes		(52,739	)		—			—
Excess tax (expense) benefit on stock-based compensation		—			—			(739	)
Shares tendered for income tax withholdings		(1,839	)		(1,599	)		(977	)
Purchase of treasury stock		(2,000	)		(61,623	)		(25,562	)
Dividends		(6,380	)		(8,249	)		(6,806	)
Net cash provided by financing activities		(31,953	)		55,939			43,826
Increase (decrease) in cash and cash equivalents		(2,357	)		8,881			(29,394	)
Cash and cash equivalents, beginning of period		16,249			7,368			36,762
Cash and cash equivalents, end of year	$	13,892		$	16,249		$	7,368