Heritage Insurance Holdings Management
Management criteria checks 2/4
Heritage Insurance Holdings' CEO is Ernie Garateix, appointed in Dec 2020, has a tenure of 3.92 years. total yearly compensation is $5.00M, comprised of 20% salary and 80% bonuses, including company stock and options. directly owns 3.7% of the company’s shares, worth $12.68M. The average tenure of the management team and the board of directors is 6.7 years and 10.6 years respectively.
Key information
Ernie Garateix
Chief executive officer
US$5.0m
Total compensation
| CEO salary percentage | 20.0% |
| CEO tenure | 3.9yrs |
| CEO ownership | 3.7% |
| Management average tenure | 6.7yrs |
| Board average tenure | 10.6yrs |
Recent management updates
Recent updates
Results: Heritage Insurance Holdings, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates
Nov 09
Heritage Insurance: Float Based Analysis
Oct 30Market Cool On Heritage Insurance Holdings, Inc.'s (NYSE:HRTG) Revenues Pushing Shares 36% Lower
Oct 23Heritage Insurance: The 24 Hours That Changed Everything
Sep 30A Piece Of The Puzzle Missing From Heritage Insurance Holdings, Inc.'s (NYSE:HRTG) 102% Share Price Climb
Aug 28Heritage Insurance: Riding The Wave Of Florida's Reformed Insurance Market
Aug 27Heritage Insurance Holdings, Inc.'s (NYSE:HRTG) Subdued P/S Might Signal An Opportunity
Jul 14Heritage Insurance: How The Stock Looks After Q1 2024 Earnings
May 13A Piece Of The Puzzle Missing From Heritage Insurance Holdings, Inc.'s (NYSE:HRTG) 56% Share Price Climb
Mar 21Earnings Beat: Heritage Insurance Holdings, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Mar 14Heritage Insurance: An Unjustified Premium
Jan 18Heritage Insurance Is My Best Value Idea
Oct 26Heritage Insurance announces $10M stock buyback plan
Jan 17Heritage Insurance sees $40M in net retained losses from Hurricane Ian
Oct 13Heritage Insurance GAAP EPS of -$3.32 misses by $3.34, revenue of $163.77M beats by $4.78M
Aug 04CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$72m |
| Jun 30 2024 | n/a | n/a | US$57m |
| Mar 31 2024 | n/a | n/a | US$46m |
| Dec 31 2023 | US$5m | US$1m | US$45m |
| Sep 30 2023 | n/a | n/a | US$27m |
| Jun 30 2023 | n/a | n/a | -US$14m |
| Mar 31 2023 | n/a | n/a | -US$110m |
| Dec 31 2022 | US$2m | US$1m | -US$154m |
| Sep 30 2022 | n/a | n/a | -US$216m |
| Jun 30 2022 | n/a | n/a | -US$184m |
| Mar 31 2022 | n/a | n/a | -US$100m |
| Dec 31 2021 | US$3m | US$1m | -US$75m |
| Sep 30 2021 | n/a | n/a | -US$23m |
| Jun 30 2021 | n/a | n/a | -US$12m |
| Mar 31 2021 | n/a | n/a | -US$3m |
| Dec 31 2020 | US$2m | US$1m | US$9m |
| Sep 30 2020 | n/a | n/a | US$19m |
| Jun 30 2020 | n/a | n/a | US$33m |
| Mar 31 2020 | n/a | n/a | US$29m |
| Dec 31 2019 | US$1m | US$900k | US$29m |
| Sep 30 2019 | n/a | n/a | US$20m |
| Jun 30 2019 | n/a | n/a | US$18m |
| Mar 31 2019 | n/a | n/a | US$19m |
| Dec 31 2018 | US$1m | US$900k | US$27m |
| Sep 30 2018 | n/a | n/a | US$18m |
| Jun 30 2018 | n/a | n/a | US$3m |
| Mar 31 2018 | n/a | n/a | US$8m |
| Dec 31 2017 | US$1m | US$773k | -US$1m |
Compensation vs Market: Ernie's total compensation ($USD5.00M) is above average for companies of similar size in the US market ($USD2.22M).
Compensation vs Earnings: Ernie's compensation has increased by more than 20% in the past year.
CEO
Ernie Garateix (52 yo)
3.9yrs
Tenure
US$4,995,816
Compensation
Mr. Ernesto Jose Garateix, CPCU, also known as Ernie, had been the Chief Operating Officer at Heritage Insurance Holdings, Inc. since December 22, 2014 and served as its Executive Vice President since Augu...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 3.9yrs | US$5.00m | 3.7% $ 12.7m | |
| CFO & Treasurer | 6.6yrs | US$2.54m | 1.89% $ 6.5m | |
| President of Narragansett Bay Insurance Company | 6.8yrs | US$1.67m | 0.86% $ 3.0m | |
| Chief Accounting Officer | 8.5yrs | US$728.61k | 0.57% $ 2.0m | |
| President of Zephyr Insurance Company | 6.6yrs | US$454.45k | 0.12% $ 422.9k | |
| Advisory | no data | US$959.41k | no data |
6.7yrs
Average Tenure
62.5yo
Average Age
Experienced Management: HRTG's management team is seasoned and experienced (6.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 4yrs | US$5.00m | 3.7% $ 12.7m | |
| Independent Chairman | 12.3yrs | US$243.33k | 2.39% $ 8.2m | |
| Independent Director | 1.7yrs | US$134.83k | 0.45% $ 1.5m | |
| Director | 5.8yrs | US$165.00k | 2.6% $ 8.9m | |
| Independent Director | 12.3yrs | US$167.50k | 0.65% $ 2.2m | |
| Independent Director | 10.6yrs | US$175.00k | 0.28% $ 946.1k | |
| Independent Director | 10.6yrs | US$175.00k | 0.20% $ 689.3k | |
| Independent Director | 12.3yrs | US$170.00k | 1.08% $ 3.7m | |
| Independent Director | 10.3yrs | US$175.00k | 0.29% $ 1.0m |
10.6yrs
Average Tenure
52yo
Average Age
Experienced Board: HRTG's board of directors are seasoned and experienced ( 10.6 years average tenure).