Ernie Garateix has been the CEO of Heritage Insurance Holdings since December 2020. He stepped into this role after working his way up from Chief Operating Officer and has been with the company since 2012. Under his leadership, Heritage has...
Ernie Garateix has been the CEO of Heritage Insurance Holdings since December 2020. He stepped into this role after working his way up from Chief Operating Officer and has been with the company since 2012. Under his leadership, Heritage has focused on improving its operations in the competitive insurance market. In 2023, Ernie earned around $1 million in salary, with total compensation reaching over $1 million if we include various bonuses and benefits. His performance metrics for bonuses were impressive, hitting 148% of his target for the year. Before joining Heritage, he held a vice president position at American Integrity Insurance. Garateix’s approach often emphasizes aligning executive pay with company performance, showing a commitment to shareholders. He has also made significant insider trades, with his stock holdings fluctuating greatly; at one point in 2023, they were valued around $16.79 million, reflecting both confidence in the company and his personal financial strategy.