Heritage Insurance announces share repurchase program

Heritage Insurance , a super-regional property and casualty insurance holding company, announced today that its Board of Directors authorized a new share repurchase plan of $10.0 million (the “New Share Repurchase Plan”) commencing upon the December 31, 2024 expiration of the prior $10.0 million share repurchase program (the “Prior Share Repurchase Plan”).

Under the New Share Repurchase Plan, the Company is authorized to repurchase shares through open market purchases, privately negotiated transactions or otherwise in accordance with applicable federal securities laws at any time until December 31, 2025.

The number of shares to be purchased and the timing of purchases will be based on the Company’s trading windows and available liquidity, general business and market conditions, and other factors, including legal requirements, debt covenant restrictions, including those in the Company’s existing credit facilities, and alternative investment opportunities.