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Hagerty HGTY Insurance — Interest expense and other, net

Other segment segments

Marketplace
-$106K+26.4%

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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:OtherOperatingIncomeExpenseNet.

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)
Policy acquisition costs, net83,64183,641
Underwriting and other insurance expenses62,94762,947
Selling, general, and administrative expenses55,93138,98494,915
Interest expense and other, net(1,103)(106)(1,209)
Total segment expenses312,12538,878351,003
Segment income before taxes2,7671,0523,819
Corporate expenses(350)
Interest expense(1,237)

Item 1. Financial Statements (Unaudited)

FAQ

What is Hagerty's insurance — interest expense and other, net?
Hagerty (HGTY) reported insurance — interest expense and other, net of -$1.1M in Q2 2026.
How has Hagerty's insurance — interest expense and other, net changed year-over-year?
Hagerty's insurance — interest expense and other, net decreased by 308.9% year-over-year, from $528K to -$1.1M.
What does insurance — interest expense and other, net mean?
Costs associated with debt financing and other non-operating financial items allocated to the insurance segment. It indicates the impact of the company's capital structure and financial leverage on the segment's net profitability.

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