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Hagerty HGTY Insurance — Underwriting and other insurance expenses

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+30.8%
Enterprise value$1.07B+36.3%
P/E10.7×+1.5×
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 hgty:UnderwritingAndOtherInsuranceExpenses.

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 — underwriting and other insurance expenses?
Hagerty (HGTY) reported insurance — underwriting and other insurance expenses of $59.59M in Q1 2026.
What does insurance — underwriting and other insurance expenses mean?
Operational costs incurred to support the underwriting process, including policy administration, processing, and overheads specific to the insurance segment. This metric helps evaluate the operational leverage and cost structure of the insurance business.