The successful placement of the 2024-2025 catastrophe excess-of-loss reinsurance program at a significant cost of $422.3 million demonstrates Heritage Insurance's proactive approach to risk management and financial stability. This strategic move not only ensures comprehensive coverage for its subsidiaries but also reflects positively on the company's commitment to safeguarding against catastrophic events. The inclusion of catastrophe bonds issued by Citrus Re further diversifies the program's structure, potentially attracting investor interest and enhancing the company's financial resilience. The replacement of the Florida RAP program with external reinsurance partners indicates a shift towards more traditional reinsurance mechanisms, which could be viewed favorably by investors seeking stability in the company's risk management strategies.