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Hagerty HGTY Insurance — Segment income (loss) before taxes

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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 hgty:SegmentIncomeLossBeforeIncomeTaxes.

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)
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)
Income before taxes$2,232

Item 1. Financial Statements (Unaudited)

FAQ

What is Hagerty's insurance — segment income (loss) before taxes?
Hagerty (HGTY) reported insurance — segment income (loss) before taxes of $2.77M in Q2 2026.
How has Hagerty's insurance — segment income (loss) before taxes changed year-over-year?
Hagerty's insurance — segment income (loss) before taxes decreased by 95.4% year-over-year, from $60.76M to $2.77M.
What does insurance — segment income (loss) before taxes mean?
This metric measures the profitability of the insurance segment by subtracting all segment-related operating expenses and losses from the total segment revenue. It serves as a primary indicator of the segment's ability to generate value from its core underwriting and insurance service activities before accounting for tax obligations. A positive trend indicates strong underwriting performance and effective cost control within the insurance business unit.

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