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Hagerty HGTY Insurance and reinsurance balances payable

Insurance and reinsurance balances payable at other companies

Universal Insurance Holdings logo
Universal Insurance HoldingsUVE
$9.23M+29.6%
SiriusPoint logo
SiriusPointSPNT
$7.4M+110%

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:IncreaseDecreaseInReinsurancePayables.

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 insurance and reinsurance balances payable?
Hagerty (HGTY) reported insurance and reinsurance balances payable of -$60.22M in Q1 2026.
How has Hagerty's insurance and reinsurance balances payable changed year-over-year?
Hagerty's insurance and reinsurance balances payable decreased by 302.6% year-over-year, from -$14.96M to -$60.22M.
What does insurance and reinsurance balances payable mean?
Measures the net change in amounts owed to reinsurers for premiums ceded under reinsurance contracts. This reflects the company's ongoing settlement activity with its reinsurance partners and the timing of cash outflows for risk transfer. Monitoring this helps investors understand the company's reliance on reinsurance and its efficiency in managing these specific financial obligations.