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Hagerty HGTY Underwriting and other insurance expenses

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Segments

By segment

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Insurance$62.95M+5,051%
Marketplace$0

Other financials

Income statement

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Revenue$354.8M-6.5%
Operating income$34.3M+240%
Net income$8.0M-83.0%
EPS (diluted)-$0.02-122%

Balance sheet

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Cash & equivalents$467.6M+41.5%
Total debt$258.3M+28.5%
Total equity$215.5M+25.1%
Total assets$2.1B+5.3%

Cash flow

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Operating cash flow$169.9M+215%
CapEx$8.2M+33.8%
Free cash flow$161.7M+239%

Valuation

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Market cap$1.39B+40.3%
Enterprise value$1.18B+37.1%
P/E19.8×+10.1×
P/S+0.2×

Profitability

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Operating margin8%
Net margin4.9%-2.6pp
FCF margin19.4%

Returns & leverage

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Return on equity36.1%-40.3pp
Debt / equity1.2×0.0×
Current ratio0.0×

Where this comes from

Reported directly by Hagerty in its filing.

Tagged under the XBRL concept hgty:UnderwritingAndOtherInsuranceExpenses.

The source filing: Hagerty’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 1:40 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001840776-26-000031
REVENUES:Three months ended June 30, 2026 / (in thousands, except per share amounts)Three months ended June 30, 2025 / (in thousands, except per share amounts)Six months ended June 30, 2026 / (in thousands, except per share amounts)Six months ended June 30, 2025
EXPENSES:
Losses and loss adjustment expenses, net110,70975,213208,628146,343
Policy acquisition costs, net83,64182,938185,563160,271
Underwriting and other insurance expenses62,9471,222122,5352,579
Selling, general, and administrative expenses95,265161,627167,681305,672
Interest expense and other, net284,9469506,635
Total expenses352,590325,946685,357621,500
INCOME (LOSS) BEFORE TAXES2,23253,363(18,705)86,145

Item 1. Financial Statements (Unaudited)

FAQ

What is Hagerty's underwriting and other insurance expenses?
Hagerty (HGTY) reported underwriting and other insurance expenses of $62.95M in Q2 2026.
What does underwriting and other insurance expenses mean?
Underwriting and other insurance expenses as reported by Hagerty, Inc..

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