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Hagerty HGTY Prepaid reinsurance premiums

Prepaid reinsurance premiums at other companies

Progressive logo
ProgressivePGR
$198M-35.3%
Universal Insurance Holdings logo
Universal Insurance HoldingsUVE
$117M+10.9%
SiriusPoint logo
SiriusPointSPNT
$573.3M+11.5%
Ally Financial logo
Ally FinancialALLY
$644M+8.4%

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:PrepaidReinsurancePremiums.

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 prepaid reinsurance premiums?
Hagerty (HGTY) reported prepaid reinsurance premiums of $40.41M in Q1 2026.
How has Hagerty's prepaid reinsurance premiums changed year-over-year?
Hagerty's prepaid reinsurance premiums increased by 50.7% year-over-year, from $26.81M to $40.41M.
What is the long-term trend for Hagerty's prepaid reinsurance premiums?
Over 4 years (2021 to 2025), Hagerty's prepaid reinsurance premiums has grown at a 190.1% compound annual growth rate (CAGR), from $310K to $21.95M.
What does prepaid reinsurance premiums mean?
This represents the portion of premiums paid to reinsurers for coverage that has not yet expired as of the reporting date. It acts as an asset that will be recognized as an expense over the remaining term of the reinsurance contract.