Heritage Insurance Holdings Announces Pricing Of Initial Public Offering

CLEARWATER, Fla., May 22, 2014 /PRNewswire/ -- Heritage Insurance Holdings, Inc. (Heritage), a property and casualty insurance holding company, today announced the pricing of its initial public offering of 6,000,000 shares of its common stock at a price to the public of $11.00 per share.  In connection with the offering, Heritage has granted the underwriters a 30-day option to purchase up to 900,000 additional shares of common stock at the public offering price. The shares will be listed on the New York Stock Exchange (NYSE) beginning on May 23, 2014 and will trade under the ticker symbol "HRTG." The offering is expected to close on May 29, 2014, subject to customary closing conditions.

Citigroup Global Markets Inc. is serving as the sole book-running manager in the offering.  SunTrust Robinson Humphrey, Inc. and Sandler O'Neill & Partners, L.P. are serving as joint lead managers, and Dowling & Partners Securities LLC, JMP Securities LLC and Willis Securities, Inc. are serving as co-managers.

A registration statement relating to this offering was declared effective by the Securities and Exchange Commission on May 22, 2014. Copies of the prospectus relating to this offering may be obtained from Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel: 800-831-9146).

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Heritage Insurance Holdings, Inc.

Heritage is a property and casualty insurance holding company that, through its insurance subsidiary, offers personal residential insurance for single-family homeowners and condominium owners in Florida through a large network of independent agents.

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SOURCE Heritage Insurance Holdings, Inc.