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Hagerty HGTY Marketplace — Earned premium, net

Other segment segments

Insurance
$251.96M+41.7%

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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: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 marketplace — earned premium, net?
Hagerty (HGTY) reported marketplace — earned premium, net of $0 in Q2 2026.
What does marketplace — earned premium, net mean?
Represents the portion of insurance premiums written by the marketplace segment that has been recognized as revenue over the policy period. This metric reflects the core insurance underwriting activity within the segment, net of reinsurance cessions. It serves as a primary indicator of the segment's insurance risk exposure and earned income generation.

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