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Hagerty HGTY Insurance — Losses and loss adjustment expenses, net

Other segment segments

Marketplace
$0

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Other financials

Income statement

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

Balance sheet

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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

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

Valuation

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Market cap$1.17B+26.6%
Enterprise value$1.07B+31.5%
P/E10.7×+1.2×
P/S0.8×+0.1×

Profitability

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

Returns & leverage

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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 us-gaap:LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1.

The official record: Hagerty’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Hagerty's insurance — losses and loss adjustment expenses, net?
Hagerty (HGTY) reported insurance — losses and loss adjustment expenses, net of $97.92M in Q1 2026.
How has Hagerty's insurance — losses and loss adjustment expenses, net changed year-over-year?
Hagerty's insurance — losses and loss adjustment expenses, net increased by 37.7% year-over-year, from $71.13M to $97.92M.
What does insurance — losses and loss adjustment expenses, net mean?
The costs associated with settling insurance claims, including both paid losses and the estimated liability for claims incurred but not yet reported. This is the primary expense driver for an insurer and a key indicator of underwriting discipline.