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Hagerty HGTY Auto — Cumulative effect of foreign currency rate changes

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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$1.39B+40.3%
Enterprise value$1.18B+37.1%
P/E19.8×+10.1×
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:ShortdurationInsuranceContractsLiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseAccumulatedForeignExchange.

The source filing: Hagerty’s 10-K, filed February 26, 2026.

Filed
Feb 26, 2026, 10:58 AM EST
Fiscal year
FY2025
Accession
0001840776-26-000013
Line itemReporting Years Ended December 31,Reporting Years Ended December 31,Reserves for Losses and Loss Adjustment Expenses Incurred But Not ReportedCumulative Number of Reported Claims
2023228,071232,7485,20542,459
2024286,19415,09843,735
2025295,13047,14939,860
Total1,120,12470,514201,071
Cumulative paid losses and loss adjustment expenses from the table below(959,584)
Reserves for losses and loss adjustment expenses before 2021, net of reinsurance2,2471,478
Cumulative effect of foreign currency rate changes91
Reserves for losses and loss adjustment expenses, undiscounted and net of reinsurance$162,878$71,992

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Hagerty's auto — cumulative effect of foreign currency rate changes?
Hagerty (HGTY) reported auto — cumulative effect of foreign currency rate changes of $91K in Q4 2025.
What does auto — cumulative effect of foreign currency rate changes mean?
This metric measures the impact of fluctuations in foreign exchange rates on the valuation of automotive insurance reserves and liabilities denominated in non-functional currencies. It highlights the company's exposure to international market volatility. Significant changes can indicate potential accounting adjustments that do not reflect underlying operational performance.

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