SLIDE 1
Disclaimer
2
Safe Harbor Statement
Statements in this presentation that are not historical facts are forward-looking statements that are subject to certain risks and uncertainties that could cause actual events and results to differ materially from those discussed herein. Without limiting the generality of the foregoing, words such as “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “could,” “would,” “estimate,” “or “continue” or the other negative variations thereof or comparable terminology are intended to identify forward looking statements. In particular, statements about Heritage Insurance Holdings, Inc.'s (“Heritage”) and NBIC Holdings, Inc.'s ("NBIC") plans,
- bjectives, expectations and intentions; the actual and projected financial condition and results of operations of NBIC; the anticipated timing of closing of
Heritage’s proposed acquisition of NBIC; the potential benefits of the proposed acquisition; and the anticipated reinsurance and operating synergies are forward- looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that could cause Heritage’s or NBIC’s actual results to differ from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, among other things, risks related to the satisfaction of the conditions to closing the acquisition (including the failure to obtain necessary regulatory approvals) in the anticipated timeframe or at all; risks that the expected benefits from the proposed acquisition will not be realized or will not be realized within the expected time period; the risk that the businesses will not be integrated successfully; significant transaction costs; the risk of taking on unknown or understated liabilities; and other business risks. Additional risks and uncertainties that could cause Heritage’s actual results to differ from those expressed or implied herein are those risks and uncertainties that are applicable to Heritage’s business in general, which include, without limitation: the success of Heritage’s marketing initiatives; inflation and
- ther changes in economic conditions (including changes in interest rates and financial markets); the impact of new federal and state regulations that affect the
property and casualty insurance market; the costs of reinsurance and the collectability of reinsurance; assessments charged by various governmental agencies; pricing competition and other initiatives by competitors; Heritage’s ability to obtain regulatory approval for requested rate changes, and the timing thereof; legislative and regulatory developments; the outcome of litigation pending against Heritage, including the terms of any settlements; risks related to the nature of Heritage’s business; dependence on investment income and the composition of Heritage’s investment portfolio; the adequacy of Heritage’s liability for losses and loss adjustment expense; Heritage’s ability to build and maintain relationships with insurance agents; claims experience; ratings by industry services; catastrophe losses; reliance on key personnel; weather conditions (including the severity and frequency of storms, hurricanes, tornadoes and hail); changes in loss trends; acts of war and terrorist activities; court decisions and trends in litigation; and other matters described from time to time by Heritage in its filings with the Securities and Exchange Commission, including, but not limited to, Heritage’s Annual Report on Form 10-K for the year ended December 31, 2016 filed with the Securities and Exchange Commission on March 15, 2017. Heritage undertakes no obligations to update, change or revise any forward looking statement, whether as a result of new information, additional or subsequent developments or otherwise, except as required by law.