71 unchanged sentences
and Ernie Garateix, (incorporated by reference to Exhibit 10.1 to our Form 8-K filed on January 6, 2021)
−Removed: Separation Agreement dated December 1, 2020 between Heritage Insurance Holdings Inc.
−Removed: and Richard Widdicombe, (incorporated by reference to Exhibit 10.3 to our Form 8-K filed on December 4, 2020)
−Removed: Employment agreement by and between Heritage Insurance Holdings, Inc and Kirk H.
−Removed: Lusk, dated January 30, 2018 (incorporated by reference to Exhibit 10.1 to our Form 8-K filed on February 2, 2018)
−Removed: Amendment to Employment agreement, dated October 7, 2019, by and between Heritage Insurance Holdings, Inc.
−Removed: Lusk (incorporated by reference to Exhibit 10.9 to the Company’s Quarterly Report on Form 10-Q filed on May 8, 2020)
Credit Agreement, dated December 14, 2018, among Heritage Insurance Holdings, Inc., certain subsidiaries of Heritage Insurance Holdings, Inc.
9 unchanged sentences
from time to time party as guarantors, the lenders from time to time party and Regions Bank, as Administrative Agent and Collateral Agent (incorporated by reference to our Form 8-K filed on August 3, 2021).
−Removed: Employment Agreement, dated February 3, 2014, by and between NBIC Service Company, Inc.
−Removed: and Timothy M.
−Removed: Moura (incorporated by reference to Exhibit 10.10 to the Company’s Quarterly Report on Form 10-Q filed on May 8, 2020)
−Removed: First Amendment to Employment Agreement, dated January 1, 2018, by and between NBIC Service Company, Inc.
−Removed: and Timothy M.
−Removed: Moura (incorporated by reference to Exhibit 10.11 to the Company’s Quarterly Report on Form 10-Q filed on May 8, 2020)
Restricted Stock Award Agreement, dated November 4, 2015, by and between Heritage Insurance Holdings, Inc.
6 unchanged sentences
and Timothy Moura (incorporated by reference to Exhibit 10.16 to the Company’s Quarterly Report on Form 10-Q filed on May 8, 2020)
−Removed: Employment Agreement dated January 5, 2021 between Heritage Insurance Holdings, Inc.
−Removed: and Ernie Garateix (incorporated by reference to Exhibit 10.1 to our Form 8-K filed on January 6, 2021)
Employment Agreement dated April 13, 2021 between Heritage Insurance Holdings, Inc., and Kirk Lusk (incorporated by reference to Exhibit 10.1 to our Form 8-K filed on April 14, 2021)
5 unchanged sentences
Employment Agreement dated September 1, 2021 between Heritage Insurance Holdings, Inc., and Tim Moura (incorporated by reference to Exhibit 10.25 to our Form 10-Q filed on November 8, 2021)
+Added: Sixth Amendment to Credit Agreement, dated May 4, 2022, among Heritage Insurance Holdings, Inc., certain subsidiaries of Heritage Insurance Holdings, Inc.
+Added: from time to time party as guarantors, the lenders from time to time party and Regions Bank, as Administrative Agent and Collateral Agent (incorporated by reference to Exhibit 10.1 to our Form 10-Q filed on May 9, 2022)
+Added: Seventh Amendment to Credit Agreement, dated November 7, 2022, among Heritage Insurance Holdings, Inc., certain subsidiaries of Heritage Insurance Holdings, Inc.
+Added: from time to time party as guarantors, the lenders from time to time party and Regions Bank, as Administrative Agent and Collateral Agent (incorporated by reference to Exhibit 10.1 to our Form 10-Q filed on November 9, 2022)
+Added: Eighth Amendment to Credit Agreement, dated February 8, 2023, among Heritage Insurance Holdings, Inc., certain subsidiaries of Heritage Insurance Holdings, Inc.
+Added: from time to time party as guarantors, the lenders from time to time party and Regions Bank, as Administrative Agent and Collateral Agent
Subsidiaries of the Registrant *
48 unchanged sentences
March 13, 2023
−Removed: /s/ STEVEN MARTINDALE
−Removed: Steven Martindale
−Removed: March 14, 2022
/s/ NICHOLAS PAPPAS
31 unchanged sentences
Interest expense, net
−Removed: Other non-operating expense, net
Total expenses
25 unchanged sentences
Dividends received from subsidiaries
−Removed: Collection of principle note receivable
Investments and advances to subsidiaries
2 unchanged sentences
Mortgage loan payments
+Added: Draw from credit facility
Repurchase of convertible notes
4 unchanged sentences
Net cash used in financing activities
−Removed: Increase (decrease) in cash and cash equivalents
+Added: (Decrease) increase in cash and cash equivalents
Cash and cash equivalents, beginning of period
6 unchanged sentences
Heritage Insurance Holdings, Inc., (“we”, “our”, “us”
−Removed: and “Heritage Insurance”), established in 2012 and incorporated in the state of Delaware in 2014, is a property and casualty insurance holding company that provides personal and commercial residential property insurance.
−Removed: We are headquartered in Clearwater, Florida and, through our insurance company subsidiaries, Heritage Property & Casualty Insurance Company (“Heritage P&C”), Narragansett Bay Insurance Company (“NBIC”) and Zephyr Insurance Company (“Zephyr”), we write personal residential property insurance for single-family homeowners and condominium owners, and rental property insurance in the states of Alabama, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Maryland, Massachusetts, Mississippi, New Jersey, New York, North Carolina, Rhode Island, South Carolina, and Virginia.
+Added: and “Heritage”), established in 2012 and incorporated in the state of Delaware in 2014, is a property and casualty insurance holding company that provides personal and commercial residential property insurance.
+Added: We are headquartered in Tampa, Florida and, through our insurance company subsidiaries, Heritage Property & Casualty Insurance Company (“Heritage P&C”), Narragansett Bay Insurance Company (“NBIC”) and Zephyr Insurance Company (“Zephyr”), we write personal residential property insurance for single-family homeowners and condominium owners, and rental property insurance in the states of Alabama, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Maryland, Massachusetts, Mississippi, New Jersey, New York, North Carolina, Rhode Island, South Carolina, and Virginia.
We also provide commercial residential insurance for properties in Florida, New Jersey, and New York and are also licensed in the state of Pennsylvania.
−Removed: In order to limit our potential exposure to catastrophic events, we purchase significant reinsurance from third party reinsurers and may sponsor catastrophe bonds issued by Citrus Re.
−Removed: The accompanying condensed financial statements included the activity of Heritage Insurance and the equity basis of its consolidated subsidiaries.
+Added: In order to limit our potential exposure to catastrophic events, we purchase significant reinsurance from third party reinsurers and may sponsor catastrophe bonds issued by Citrus Re Ltd.
+Added: The accompanying condensed financial statements included the activity of Heritage and the equity basis of its consolidated subsidiaries.
Accordingly, these condensed financial statements have been presented for the parent company only.
21 unchanged sentences
(in thousands)
−Removed: Report of Independent Registered Public Accounting Firm
+Added: Report of Indepen dent Registered Public Accounting Firm
on Supplemental Information
7 unchanged sentences
In our opinion, the supplemental information is fairly stated, in all material respects, in relation to the consolidated financial statements as a whole.
−Removed: East Lansing, Michigan
+Added: Denver, Colorado
March 13, 2023
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.