What does proceeds from life insurance policy mean?

Cash inflows received from Bank-Owned Life Insurance (BOLI) policies, typically triggered by the death of an insured employee or the surrender of a policy. These proceeds represent a recovery of the investment and potential gain on the underlying insurance contract.

Heritage Financial HFWA Proceeds from Life Insurance Policy

Proceeds from Life Insurance Policy at other companies

Mercantile Bank CorporationMBWM

$186K—

Columbia Banking SystemsCOLB

——

Business First BancsharesBFST

——

Enterprise Financial ServicesEFSC

——

Customers BancorpCUBI

——

Equity BancsharesEQBK

——

Other financials

Income statement

See full

Revenue$77.9M+35.3%

Net income$18.9M+36.2%

EPS (diluted)$0.48+20.0%

Balance sheet

See full

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

See full

Operating cash flow$14.0M-27.4%

CapEx$1.3M+11.2%

Free cash flow$12.7M-29.9%

Valuation

See full

Market cap$1.19B+56.8%

Enterprise value$946.38M+22.1%

P/E16.5×+1.6×

P/S4.5×+1.1×

Profitability

See full

Net margin27.2%+4.5pp

FCF margin30.1%+0.4pp

Returns & leverage

See full

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 →

Ask your AI about Heritage Financial's proceeds from life insurance policy.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Heritage Financial's proceeds from life insurance policy?: Heritage Financial (HFWA) reported proceeds from life insurance policy of $759K in Q1 2026.
What does proceeds from life insurance policy mean?: Cash inflows received from Bank-Owned Life Insurance (BOLI) policies, typically triggered by the death of an insured employee or the surrender of a policy. These proceeds represent a recovery of the investment and potential gain on the underlying insurance contract.