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Hagerty HGTY Auto — Year 3

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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:ShortdurationInsuranceContractsHistoricalClaimsDurationYearThree.

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
YearsAverage Annual Percentage of Payout of Incurred Claims by Age (in Years), Net of Reinsurance (Unaudited) / Year 1Average Annual Percentage of Payout of Incurred Claims by Age (in Years), Net of Reinsurance (Unaudited) / Year 2Average Annual Percentage of Payout of Incurred Claims by Age (in Years), Net of Reinsurance (Unaudited) / Year 3Average Annual Percentage of Payout of Incurred Claims by Age (in Years), Net of Reinsurance (Unaudited) / Year 4Average Annual Percentage of Payout of Incurred Claims by Age (in Years), Net of Reinsurance (Unaudited) / Year 5
Auto Insurance62.0%24.3%6.5%3.4%1.7%

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Hagerty's auto — year 3?
Hagerty (HGTY) reported auto — year 3 of 6.5% in Q4 2025.
How has Hagerty's auto — year 3 changed year-over-year?
Hagerty's auto — year 3 increased by 4.8% year-over-year, from 6.2% to 6.5%.
What does auto — year 3 mean?
Represents the total insurance premiums or revenue generated by the automotive segment during the third year of a specific multi-year observation period. This metric is used to assess the long-term sustainability and scaling capabilities of the company's primary insurance offerings.

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