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Hagerty HGTY Deferred policy acquisition costs

Deferred policy acquisition costs at other companies

Progressive logo
ProgressivePGR
$2.13B+3.0%
Universal Insurance Holdings logo
Universal Insurance HoldingsUVE
$126.16M+8.9%
SiriusPoint logo
SiriusPointSPNT
$403.4M+9.2%
Mercury General logo
Mercury GeneralMCY
$366.57M+8.9%
The Hanover Insurance Group logo
The Hanover Insurance GroupTHG
$690.8M+5.2%
Ally Financial logo
Ally FinancialALLY
$1.87B-0.8%

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+26.6%
Enterprise value$1.07B+31.5%
P/E10.7×+1.2×
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 us-gaap:DeferredPolicyAcquisitionCosts.

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 deferred policy acquisition costs?
Hagerty (HGTY) reported deferred policy acquisition costs of $143.55M in Q1 2026.
How has Hagerty's deferred policy acquisition costs changed year-over-year?
Hagerty's deferred policy acquisition costs decreased by 5.7% year-over-year, from $152.27M to $143.55M.
What is the long-term trend for Hagerty's deferred policy acquisition costs?
Over 5 years (2020 to 2025), Hagerty's deferred policy acquisition costs has grown at a 25.1% compound annual growth rate (CAGR), from $58.57M to $179.22M.
What does deferred policy acquisition costs mean?
These are the incremental costs directly related to the successful acquisition of new or renewed insurance contracts, such as commissions and underwriting expenses. These costs are capitalized and amortized over the life of the policy to match expenses with the corresponding earned premium revenue.