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Hagerty, Inc. (HGTY)

Hagerty, Inc. (HGTY)

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Balance Sheets Overview

Debt to Asset Ratio
63.74%
Unit: Thousand (K) dollars
Assets Breakdown
    • Cash and cash equivalents
    • Restricted cash and cash equival...
    • Notes receivable
    • Others
Liabilities Breakdown
    • Additional paid-in capital
    • Unearned premiums
    • Non-controlling interest
    • Others
Balance Sheets
2026-03-31
2025-12-31
2025-09-30
2025-06-30
Fixed maturity securities
673,100
696,271
-
-
Equity securities
47,804
34,871
-
-
Total investments
720,904
731,142
-
-
Cash and cash equivalents
212,371
160,177
160,386
140,300
Restricted cash and cash equivalents
-
-
172,261
190,286
Investments
-
-
130,147
119,326
Restricted cash and cash equivalents
154,362
138,823
-
-
Accounts receivable
27,993
96,205
107,476
107,925
Commissions receivable
-
28,904
27,404
27,362
Premiums receivable
92,446
180,529
230,919
249,830
Other current assets
-
-
99,073
116,047
Notes receivable
-
-
94,158
83,478
Total current assets
-
-
1,214,320
1,212,984
Deferred acquisition costs, net
143,552
179,224
192,496
178,430
Property and equipment, net
-
-
-
17,259
Deferred tax assets
-
-
45,265
-
Investments
-
-
543,772
482,248
Reinsurance recoverables
11,863
15,296
-
-
Other long-term assets
-
-
85,960
66,707
Notes receivable
-
-
17,807
17,931
Prepaid reinsurance premiums
40,405
21,950
-
-
Lease right-of-use assets
-
-
42,229
42,549
Notes receivable
148,944
113,887
-
-
Intangible assets, net
89,125
88,915
88,452
86,732
Goodwill
114,150
114,164
114,150
114,165
Deferred tax assets
40,092
43,011
-
-
Other assets
228,386
181,749
-
-
Total assets
2,024,593
2,093,976
2,151,955
2,040,575
Contract liabilities
-
-
-
36,602
Accounts payable and accrued expenses
85,847
111,947
147,868
138,349
Ceding commissions payable
-
-
107,473
113,080
Advance premiums
50,748
-
-
-
Current portion of long-term debt
-
-
73,118
-
Advance premiums and due to insurers
-
123,217
171,616
188,403
Due to insurers
14,366
-
-
-
Losses payable and reserves for unpaid losses and loss adjustment expenses
203,987
95,353
276,678
259,050
Reserves for unpaid losses and loss adjustment expenses
-
168,851
-
-
Unearned premiums
508,003
412,058
439,395
410,496
Ceding commissions payable
1,870
86,165
-
-
Total current liabilities
-
-
1,216,148
1,145,980
Tax receivable agreement liability
-
-
37,913
-
Other long-term liabilities
-
-
14,021
3,267
Long-term lease liabilities
-
-
40,511
40,903
Debt, net
228,608
177,907
104,386
153,383
Contract liabilities
46,383
46,450
-
-
Deferred tax liability
5,697
23,489
24,185
21,857
Tax receivable agreement liability
38,284
39,829
-
-
Contract liabilities
-
-
-
14,334
Other liabilities
106,757
61,684
-
-
Total liabilities
1,290,550
1,346,950
1,437,164
1,379,724
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)
88,648
86,618
84,716
82,813
Common stock-Common Class A
10
10
10
9
Common stock-Common Class V
24
24
24
25
Additional paid-in capital
626,166
623,013
622,405
604,621
Accumulated earnings (deficit)
-407,451
-402,960
-411,786
-432,634
Accumulated other comprehensive income (loss)
-66
1,229
998
262
Total stockholders' equity
218,683
221,316
211,651
172,283
Non-controlling interest
426,712
439,092
418,424
405,755
Total equity
645,395
660,408
630,075
578,038
Total liabilities, temporary equity and stockholders' equity
2,024,593
2,093,976
2,151,955
2,040,575
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

Time Plot

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Balance Sheets

Fixed maturitysecurities$673,100K Equity securities$47,804K Total investments$720,904K Other assets$228,386K Cash and cashequivalents$212,371K Restricted cash and cashequivalents$154,362K Notes receivable$148,944K Deferred acquisitioncosts, net$143,552K Goodwill$114,150K Premiums receivable$92,446K Intangible assets, net$89,125K Prepaid reinsurancepremiums$40,405K Deferred tax assets$40,092K Accounts receivable$27,993K Reinsurance recoverables$11,863K Total assets$2,024,593K Total liabilities,temporary equity and...$2,024,593K Total liabilities$1,290,550K Total equity$645,395K Preferred stock, 0.0001par value...$88,648K Unearned premiums$508,003K Debt, net$228,608K Losses payable andreserves for unpaid...$203,987K Other liabilities$106,757K Accounts payable andaccrued expenses$85,847K Advance premiums$50,748K Contract liabilities$46,383K Tax receivableagreement liability$38,284K Due to insurers$14,366K Deferred tax liability$5,697K Ceding commissionspayable$1,870K Non-controlling interest$426,712K Total stockholders'equity$218,683K Accumulated earnings(deficit)-$407,451K Accumulated othercomprehensive income (loss)-$66K Additional paid-in capital$626,166K Common stock-CommonClass V$24K Common stock-CommonClass A$10K