HGTY: the balance sheet

MyFinsight

For the year ending 2025-12-31, HGTY has $2,093,976K in assets. $1,346,950K in debts. $160,177K in cash and cash equivalents.

Balance Sheets	2025-12-31
Fixed maturity securities	696,271
Equity securities	34,871
Total investments	731,142
Cash and cash equivalents	160,177
Restricted cash and cash equivalents	138,823
Accounts receivable	96,205
Commissions receivable	28,904
Premiums receivable	180,529
Deferred acquisition costs, net	179,224
Reinsurance recoverables	15,296
Prepaid reinsurance premiums	21,950
Notes receivable	113,887
Intangible assets, net	88,915
Goodwill	114,164
Deferred income tax assets	43,011
Other assets	181,749
Total assets	2,093,976

Accounts payable and accrued expenses	111,947
Advance premiums and due to insurers	123,217
Losses payable	95,353
Reserves for unpaid losses and loss adjustment expenses	168,851
Unearned premiums	412,058
Ceding commissions payable	86,165
Debt, net	177,907
Contract liabilities	46,450
Deferred tax liability	23,489
Tax receivable agreement liability	39,829
Other liabilities	61,684
Total liabilities	1,346,950
Preferred stock, 0.0001 par value (20,000,000 shares authorized, 8,483,561 series a convertible preferred stock issued and outstanding as of december31, 2025 and december31, 2024)	86,618
Common stock-Common Class A	10
Common stock-Common Class V	24
Additional paid-in capital	623,013
Accumulated earnings (deficit)	-402,960
Accumulated other comprehensive income (loss)	1,229
Total stockholders' equity	221,316
Non-controlling interest	439,092
Total equity (note 20)	660,408
Total liabilities, temporary equity and stockholders' equity	2,093,976

Unit: Thousand (K) dollars (except for numbers of shares and EPS).