Key Takeaways HRTG relies on diversified reinsurance to limit losses, preserve capital and stabilize earnings. Ceded premiums fell 5% in Q1 2025, and the ceded premium ratio improved by 390 bps to 43.5%. A strong reinsurance base supports HRTG's push into higher-margin EHeritage Insurance Holdings (HRTG) operates in some of the most catastrophe-exposed U.S. coastal markets, making effective risk transfer through reinsurance essential to its business strategy. The insurer relies significantly on third-part ...