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Hagerty HGTY Increase Decrease In Prepaid Reinsurance Premiums

Increase Decrease In Prepaid Reinsurance Premiums at other companies

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ProgressivePGR
$1M+102%
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Universal Insurance HoldingsUVE
$7.08M+7.0%
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SiriusPointSPNT
$85.9M+70.4%

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+30.8%
Enterprise value$1.07B+36.3%
P/E10.7×+1.5×
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:IncreaseDecreaseInPrepaidReinsurancePremiums.

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 increase decrease in prepaid reinsurance premiums?
Hagerty (HGTY) reported increase decrease in prepaid reinsurance premiums of $18.46M in Q1 2026.
How has Hagerty's increase decrease in prepaid reinsurance premiums changed year-over-year?
Hagerty's increase decrease in prepaid reinsurance premiums increased by 122.8% year-over-year, from $8.29M to $18.46M.
What does increase decrease in prepaid reinsurance premiums mean?
This represents the change in premiums paid to reinsurers in advance of the coverage period. It is a balance sheet item that reflects the timing of reinsurance premium payments relative to the period of risk coverage. Investors monitor this to understand the cash impact of the company's reinsurance procurement strategy.