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Hagerty HGTY Insurance — Earned premium, net

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Marketplace
$0

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SPNTReinsurance — Net earned premium
$257.1M-7.0%

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:PremiumsEarnedNet.

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
REVENUES:Insurance / (in thousands)Marketplace / (in thousands)Total / (in thousands)
Earned premium, net$251,956$251,956
Commission and fee revenue23,66523,665
Marketplace revenue39,65839,658
Membership and other revenue21,36121,361
Net investment income10,73127211,003
Net investment gains7,1797,179
Total revenue314,89239,930354,822
EXPENSES:

Item 1. Financial Statements (Unaudited)

FAQ

What is Hagerty's insurance — earned premium, net?
Hagerty (HGTY) reported insurance — earned premium, net of $251.96M in Q2 2026.
How has Hagerty's insurance — earned premium, net changed year-over-year?
Hagerty's insurance — earned premium, net increased by 41.7% year-over-year, from $177.79M to $251.96M.
What does insurance — earned premium, net mean?
Represents the portion of insurance premiums that the company has recognized as revenue over the policy period after accounting for reinsurance cessions. This is a primary indicator of the scale and growth of the insurance underwriting business.

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