What is Hagerty's marketplace — policy acquisition costs, net?

Hagerty (HGTY) reported marketplace — policy acquisition costs, net of $0 in Q1 2026.

What does marketplace — policy acquisition costs, net mean?

Includes commissions, brokerage fees, and other direct costs incurred to acquire new insurance policies or renew existing ones. This metric measures the efficiency of the segment's sales and distribution channels in attracting customers. It is a key component in determining the profitability of the segment's underwriting operations.

Hagerty HGTY Marketplace — Policy acquisition costs, net

Other segment segments

Insurance

$101.92M+31.8%

Similar metrics at other companies

UVEPolicy acquisition costs

$64.47M+6.4%

MCYOther — Policy acquisition costs

$2.7M-6.9%

KMPRPolicy Acquisition Costs

$169.55M+5.7%

KMPRLife Insurance — Policy Acquisition Costs

$29.3M-1.3%

ASI

ASICReportable Segment — Policy Acquisition Costs

$18.54M+25.9%

AXSInsurance — Acquisition costs

$223.77M+15.3%

Other financials

Income statement

See full

Revenue$311.8M-5.0%

Operating income$34.3M+240%

Net income-$12.7M-147%

EPS (diluted)-$0.06-186%

Balance sheet

See full

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

See full

Operating cash flow$16.3M-62.9%

CapEx$7.7M+43.1%

Free cash flow$8.5M-77.8%

Valuation

See full

Market cap$1.17B+30.8%

Enterprise value$1.07B+36.3%

P/E10.7×+1.5×

P/S0.8×+0.1×

Profitability

See full

Operating margin8.1%—

Net margin7.5%0.0pp

FCF margin11.4%—

Returns & leverage

See full

Return on equity57.2%-18.7pp

Debt / equity1.2×+0.1×

Current ratio1×0.0×

Where this comes from

Reported directly by Hagerty in its filing.

Tagged under the XBRL concept hgty:PolicyAcquisitionCostsNet.

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 marketplace — policy acquisition costs, net?: Hagerty (HGTY) reported marketplace — policy acquisition costs, net of $0 in Q1 2026.
What does marketplace — policy acquisition costs, net mean?: Includes commissions, brokerage fees, and other direct costs incurred to acquire new insurance policies or renew existing ones. This metric measures the efficiency of the segment's sales and distribution channels in attracting customers. It is a key component in determining the profitability of the segment's underwriting operations.