Slide Insurance - completes 2026-2027 catastrophe excess of loss reinsurance program - SEC filing

Heritage Insurance Holdings, Inc. (NYSE: HRTG) has completed its 2026-2027 catastrophe excess of loss reinsurance program for its insurance subsidiaries, including Heritage Property Casualty Insurance Company, Narragansett Bay Insurance Company, and Zephyr Insurance Company. The program, which includes over $2.2 billion in coverage limits, features two new catastrophe bonds and a significant portion of multi-year coverage. The total consolidated cost of the program is approximately $367.5 million, representing a decrease of $63.2 million from the prior year's cost of $430.7 million.

Key components of the program include exhaustion points of $1.865 billion for the Southeast, $1.245 billion for the Northeast, and $1.00 billion for Hawaii. The Company's loss retention remains at approximately $50 million for the Southeast and Hawaii and $38 million for the Northeast, with potential reductions through Osprey Re. The program also includes 90.0% Florida Hurricane Catastrophe Fund participation and is entirely indemnity-based.

The announcement highlights the Company's continued focus on prudent risk management and cost efficiency, supported by strong reinsurance partnerships.