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Hagerty HGTY Ceding commissions payable

Ceding commissions payable at other companies

Marcus & Millichap logo
Marcus & MillichapMMI
$33.71M+14.2%
Employers Holdings logo
Employers HoldingsEIG
$59.9M-9.0%
Skyward Specialty Insurance Group, Inc. logo
Skyward Specialty Insurance Group, Inc.SKWD
$49.04M+7.7%
The Gorman-Rupp Company logo
The Gorman-Rupp CompanyGRC
$6.46M-28.8%
Safety Insurance Group logo
Safety Insurance GroupSAFT
$3.3M-66.7%
Goosehead Insurance, Inc. logo
Goosehead Insurance, Inc.GSHD
$15.79M+93.5%

Other financials

Income statement

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Revenue$311.8M-5.0%
Operating income$34.3M+240%
Net income-$12.7M-147%
EPS (diluted)-$0.06-186%

Balance sheet

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Cash & equivalents$366.7M+28.1%
Total debt$272.5M+50.3%
Total equity$218.7M+34.2%
Total assets$2.0B+11.5%

Cash flow

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Operating cash flow$16.3M-62.9%
CapEx$7.7M+43.1%
Free cash flow$8.5M-77.8%

Valuation

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Market cap$1.17B+30.8%
Enterprise value$1.07B+36.3%
P/E10.7×+1.5×
P/S0.8×+0.1×

Profitability

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Operating margin8.1%
Net margin7.5%0.0pp
FCF margin11.4%

Returns & leverage

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Return on equity57.2%-18.7pp
Debt / equity1.2×+0.1×
Current ratio0.0×

Where this comes from

Reported directly by Hagerty in its filing.

Tagged under the XBRL concept hgty:CommissionPayable.

The official record: Hagerty’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Hagerty's ceding commissions payable?
Hagerty (HGTY) reported ceding commissions payable of $1.87M in Q1 2026.
How has Hagerty's ceding commissions payable changed year-over-year?
Hagerty's ceding commissions payable decreased by 97.6% year-over-year, from $79.32M to $1.87M.
What is the long-term trend for Hagerty's ceding commissions payable?
Over 5 years (2020 to 2025), Hagerty's ceding commissions payable has grown at a 14.5% compound annual growth rate (CAGR), from $43.8M to $86.17M.
What does ceding commissions payable mean?
This represents the short-term liability for commissions owed to agents, brokers, or other distribution partners for insurance policies sold or serviced. It reflects the company's immediate financial commitment to its sales channel partners.