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Hagerty HGTY Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims

Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims at other companies

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Segments

By segment

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Insurance$110.71M+47.2%
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 us-gaap:LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1.

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
Net investment gains7,1791,1944,890879
Total revenue354,822379,309666,652707,645
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

Item 1. Financial Statements (Unaudited)

FAQ

What is Hagerty's liability for unpaid claims and claims adjustment expense, incurred claims?
Hagerty (HGTY) reported liability for unpaid claims and claims adjustment expense, incurred claims of $110.71M in Q2 2026.
How has Hagerty's liability for unpaid claims and claims adjustment expense, incurred claims changed year-over-year?
Hagerty's liability for unpaid claims and claims adjustment expense, incurred claims increased by 47.2% year-over-year, from $75.21M to $110.71M.
What is the long-term trend for Hagerty's liability for unpaid claims and claims adjustment expense, incurred claims?
Over 4 years (2021 to 2025), Hagerty's liability for unpaid claims and claims adjustment expense, incurred claims has grown at a 23.7% compound annual growth rate (CAGR), from $122.08M to $285.39M.
What does liability for unpaid claims and claims adjustment expense, incurred claims mean?
This represents the total costs incurred from insurance claims, including both reported claims and estimates for claims incurred but not yet reported. It is a fundamental measure of underwriting discipline and the accuracy of actuarial projections. High levels relative to premiums may indicate adverse loss trends.

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