Question 1

What is Hagerty's reserve for insurance claims?

Accepted Answer

Hagerty (HGTY) reported reserve for insurance claims of $241.71M in Q2 2026.

Question 2

How has Hagerty's reserve for insurance claims changed year-over-year?

Accepted Answer

Hagerty's reserve for insurance claims decreased by 6.7% year-over-year, from $258.94M to $241.71M.

Question 3

What is the long-term trend for Hagerty's reserve for insurance claims?

Accepted Answer

Over 5 years (2020 to 2025), Hagerty's reserve for insurance claims has grown at a 25.2% compound annual growth rate (CAGR), from $54.99M to $168.85M.

Question 4

What does reserve for insurance claims mean?

Accepted Answer

This represents the estimated liability for insurance claims that have been reported but not yet paid, as well as an estimate for claims that have been incurred but not yet reported. It is a fundamental measure of the company's long-term financial obligation to policyholders for future claim settlements.

Line item	Six months ended June 30, 2026	Six months ended June 30, 2025
Payments:
Current accident year	84,679	21,250
Prior accident years	57,152	47,244
Total payments	141,831	68,494
Effect of foreign currency rate changes	(641)	233
Net reserves for unpaid losses and loss adjustment expenses, ending	229,363	240,805
Reinsurance recoverable on unpaid losses and loss adjustment expenses	12,342	18,138
Gross reserves for unpaid losses and loss adjustment expenses, ending	$241,705	$258,943

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Hagerty HGTY Reserve for insurance claims