Skip to content

Hagerty HGTY Insurance — Ceding commissions, net

Other segment segments

Marketplace
$0

Similar metrics at other companies

Lemonade logo
LMNDCeding commission income
$23.6M-12.3%
ESN
ESNTReinsurance — Reinsurance, Ceded Premiums Earned, Ceding Commission
-$352.5K-57.4%
ESN
ESNTReinsurance — Acquisition Costs, Net
-$6.74M-1,789%
Primerica logo
PRIInsurance commissions
$5.62M-8.3%
Radian Group logo
RDNMortgage Insurance — Ceding Commissions Earned
$8.36M+18.8%
Freedom Holding logo
FRHCInsurance — Insurance claims incurred, net of reinsurance
$77.94M-25.4%

Other financials

Income statement

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

Balance sheet

See full
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

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

Valuation

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

Profitability

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

Returns & leverage

See full
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:CededCommissionExpense.

The official record: Hagerty’s 10-K, filed February 26, 2026, on SEC EDGAR. View the filing →

Ask your AI about Hagerty's insurance — ceding commissions, net.

Connect your AI assistant and compare segments, right in your chat.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

What is Hagerty's insurance — ceding commissions, net?
Hagerty (HGTY) reported insurance — ceding commissions, net of $84.27M in Q4 2025.
How has Hagerty's insurance — ceding commissions, net changed year-over-year?
Hagerty's insurance — ceding commissions, net increased by 11.7% year-over-year, from $75.43M to $84.27M.
What is the long-term trend for Hagerty's insurance — ceding commissions, net?
Over 2 years (2023 to 2025), Hagerty's insurance — ceding commissions, net has grown at a 15.7% compound annual growth rate (CAGR), from $251.81M to $337.09M.
What does insurance — ceding commissions, net mean?
This metric represents the fees or commissions received by the insurer from reinsurers in exchange for ceding a portion of the insurance risk. It acts as a contra-expense or revenue offset that helps mitigate the costs associated with transferring risk to third-party underwriters. Analyzing this figure is essential for understanding the company's reinsurance strategy and the net cost of risk transfer.