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Hagerty HGTY Deferred Policy Acquisition Costs

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Other financials

Income statement

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Revenue$354.8M-6.5%
Operating income$34.3M+240%
Net income$8.0M-83.0%
EPS (diluted)-$0.02-122%

Balance sheet

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Cash & equivalents$467.6M+41.5%
Total debt$258.3M+28.5%
Total equity$215.5M+25.1%
Total assets$2.1B+5.3%

Cash flow

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Operating cash flow$169.9M+215%
CapEx$8.2M+33.8%
Free cash flow$161.7M+239%

Valuation

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Market cap$1.38B+38.6%
Enterprise value$1.17B+35.1%
P/E19.7×+9.9×
P/S+0.2×

Profitability

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Operating margin8%
Net margin4.9%-2.6pp
FCF margin19.4%

Returns & leverage

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Return on equity36.1%-40.3pp
Debt / equity1.2×0.0×
Current ratio0.0×

Where this comes from

Reported directly by Hagerty in its filing.

Tagged under the XBRL concept us-gaap:DeferredPolicyAcquisitionCosts.

The source filing: Hagerty’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 1:40 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001840776-26-000031
ASSETSDecember 31, 2025 / in thousands (except share amounts)
Restricted cash and cash equivalents138,823
Accounts receivable98,872
Premiums receivable180,529
Deferred acquisition costs, net179,224
Reinsurance recoverables15,296
Prepaid reinsurance premiums21,950
Notes receivable113,887
Intangible assets, net88,915

Item 1. Financial Statements (Unaudited)

FAQ

What is Hagerty's deferred policy acquisition costs?
Hagerty (HGTY) reported deferred policy acquisition costs of $100.2M in Q2 2026.
How has Hagerty's deferred policy acquisition costs changed year-over-year?
Hagerty's deferred policy acquisition costs decreased by 43.8% year-over-year, from $178.43M to $100.2M.
What is the long-term trend for Hagerty's deferred policy acquisition costs?
Over 5 years (2020 to 2025), Hagerty's deferred policy acquisition costs has grown at a 25.1% compound annual growth rate (CAGR), from $58.57M to $179.22M.
What does deferred policy acquisition costs mean?
Deferred Policy Acquisition Costs as reported by Hagerty, Inc..

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