What does proceeds from life insurance policies mean?

Captures the cash inflows received from life insurance policies, typically triggered by the death of an insured individual or the surrender of a policy. These proceeds represent a non-recurring recovery of the investment in the policy and can provide a significant boost to non-interest income in the period received. It is a measure of the realization of value from the bank's insurance-based assets.

Heritage Financial HFWA Proceeds From Life Insurance Policies

Proceeds From Life Insurance Policies at other companies

Columbia Banking SystemsCOLB

$7M—

OceanFirst FinancialOCFC

$407K-84.7%

Bank First CorporationBFC

$137K—

Mercantile Bank CorporationMBWM

$186K—

NB Bancorp, Inc.NBBK

$128K—

Business First BancsharesBFST

$0-100%

Other financials

Income statement

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Revenue$77.9M+35.3%

Net income$18.9M+36.2%

EPS (diluted)$0.48+20.0%

Balance sheet

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Cash & equivalents$268.1M+7.8%

Total debt$20.0M-92.4%

Total equity$1.1B+26.6%

Total assets$8.5B+19.2%

Cash flow

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Operating cash flow$14.0M-27.4%

CapEx$1.3M+11.2%

Free cash flow$12.7M-29.9%

Valuation

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Market cap$1.21B+56.8%

Enterprise value$959.16M+22.1%

P/E16.6×+1.7×

P/S4.5×+1.1×

Profitability

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Net margin27.2%+4.5pp

FCF margin30.1%+0.4pp

Returns & leverage

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Return on equity7.3%+1.3pp

Debt / equity0×-0.3×

Where this comes from

Reported directly by Heritage Financial in its filing.

Tagged under the XBRL concept us-gaap:ProceedsFromLifeInsurancePolicies.

The official record: Heritage Financial’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Heritage Financial's proceeds from life insurance policies?: Heritage Financial (HFWA) reported proceeds from life insurance policies of $759K in Q1 2026.
What does proceeds from life insurance policies mean?: Captures the cash inflows received from life insurance policies, typically triggered by the death of an insured individual or the surrender of a policy. These proceeds represent a non-recurring recovery of the investment in the policy and can provide a significant boost to non-interest income in the period received. It is a measure of the realization of value from the bank's insurance-based assets.