What is Hagerty's marketplace — net investment losses?

Hagerty (HGTY) reported marketplace — net investment losses of $0 in Q2 2026.

What does marketplace — net investment losses mean?

Reflects the realized losses incurred on the sale or impairment of investment assets held by the marketplace segment. This metric highlights the impact of market volatility and investment strategy decisions on the segment's bottom line. Monitoring these losses is essential for assessing the risk profile of the segment's investment portfolio.

Hagerty (HGTY) Marketplace — Net investment losses

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Other segment segments

Insurance

$7.18M+501%

Similar metrics at other companies

CNANet investment losses

-$18M-100%

SIGIInvestments — Net realized and unrealized investment gains (losses)

1.1%+0.7pp

CINFInvestment Segment — Investment gains and losses, net

$1.31B+177%

KKRInsurance — Net Investment-Related Gains (Losses)

$378.59M+58.3%

RITMInvestment Portfolio — Gain (Loss) on Investments

-$13.03M-521%

CBSHCommercial segment — INVESTMENT SECURITIES GAINS (LOSSES), NET

$0—

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/S1×+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 ratio1×0.0×

Where this comes from

Reported directly by Hagerty in its filing.

Tagged under the XBRL concept us-gaap:GainLossOnInvestments.

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)
Marketplace revenue	—	39,658	39,658
Membership and other revenue	21,361	—	21,361
Net investment income	10,731	272	11,003
Net investment gains	7,179	—	7,179
Total revenue	314,892	39,930	354,822
EXPENSES:
Losses and loss adjustment expenses, net	110,709	—	110,709
Policy acquisition costs, net	83,641	—	83,641

Item 1. Financial Statements (Unaudited)

FAQ

What is Hagerty's marketplace — net investment losses?: Hagerty (HGTY) reported marketplace — net investment losses of $0 in Q2 2026.
What does marketplace — net investment losses mean?: Reflects the realized losses incurred on the sale or impairment of investment assets held by the marketplace segment. This metric highlights the impact of market volatility and investment strategy decisions on the segment's bottom line. Monitoring these losses is essential for assessing the risk profile of the segment's investment portfolio.