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Hagerty HGTY Reinsurance balances payable

Reinsurance balances payable at other companies

Universal Insurance Holdings logo
Universal Insurance HoldingsUVE
$135.79M+17.9%
SiriusPoint logo
SiriusPointSPNT
$1.46B-14.8%
The Hanover Insurance Group logo
The Hanover Insurance GroupTHG
$43.4M-5.2%

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 ratio1×0.0×

Where this comes from

Reported directly by Hagerty in its filing.

Tagged under the XBRL concept us-gaap:ReinsurancePayable.

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 reinsurance balances payable?
Hagerty (HGTY) reported reinsurance balances payable of $203.99M in Q1 2026.
How has Hagerty's reinsurance balances payable changed year-over-year?
Hagerty's reinsurance balances payable decreased by 19.0% year-over-year, from $251.92M to $203.99M.
What is the long-term trend for Hagerty's reinsurance balances payable?
Over 5 years (2020 to 2025), Hagerty's reinsurance balances payable has grown at a 64.4% compound annual growth rate (CAGR), from $21.98M to $264.2M.
What does reinsurance balances payable mean?
This represents the outstanding financial obligations owed to reinsurers, typically resulting from premiums ceded under reinsurance treaties or adjustments related to claims recoveries. It is a critical measure of the company's net liability position relative to its reinsurance partners.