Hagerty Inc

Common Name

Hagerty

Country

United States

Sector

Financial Services

Industry

Insurance - Property & Casualty

Employees

1,733

Ticker

HGTY

Exchange

NEW YORK STOCK EXCHANGE, INC.

Website

investor.hagerty.com

Description

Hagerty, Inc. is a specialty insurance provider focusing on classic car enthusiasts. Founded in 1984, the company has established itself as a leading player in the niche market of automotive collectib... Show more

Financial Statements of Hagerty

Below are the financial statements of Hagerty, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.

Income Statement (as reported) Balance Sheet (as reported)

All figures in thousands of USD	2024	2023
Current assets	—	—
Cash and cash equivalents	104,784^a	108,326^a
Restricted cash and cash equivalents	128,061^a	615,950^a
Investments	73,957^a	10,946^a
Accounts receivable	84,763^a	71,530^a
Premiums receivable	153,748^a	137,525^a
Commissions receivable	20,430^a	79,115^a
Notes receivable	45,417^a	35,896^a
Deferred acquisition costs, net	156,466^a	141,637^a
Other current assets	90,779^a	49,293^a
Total current assets	858,405^a	1,250,218^a
Assets	—	—
Investments	515,570^a	5,526^a
Notes receivable	11,555^a	17,018^a
Property and equipment, net	18,205^a	20,764^a
Lease right-of-use assets	44,485^a	50,515^a
Intangible assets, net	90,107^a	91,924^a
Goodwill	114,123^a	114,214^a
Other long-term assets	56,888^a	38,033^a
Total assets	1,709,338^a	1,588,212^a
Current liabilities	—	—
Accounts payable, accrued expenses and other current liabilities	73,383^a	87,175^a
Losses payable	98,386^a	62,001^a
Provision for unpaid losses and loss adjustment expenses	168,492^a	136,507^a
Commissions payable	77,389^a	108,739^a
Advance premiums and due to insurers	108,352^a	100,286^a
Unearned premiums	357,539^a	317,275^a
Contract liabilities	31,905^a	30,316^a
Total current liabilities	915,446^a	842,299^a
Liabilities, temporary equity and stockholders' equity	—	—
Long-term lease liabilities	43,178^a	50,459^a
Long-term debt, net	104,968^a	130,680^a
Warrant liabilities	0^a	34,018^a
Deferred tax liability	18,065^a	15,937^a
Contract liabilities	15,334^a	17,335^a
Other long-term liabilities	4,178^a	4,139^a
Total liabilities	1,101,169^a	1,094,867^a
Commitments and contingencies	0^a	0^a
Preferred stock	84,663^a	82,836^a
Stockholders' equity	—	—
Class A common stock	9^a	8^a
Class V common stock	25^a	25^a
Additional paid-in capital	603,780^a	561,754^a
Accumulated earnings (deficit)	-451,978^a	-468,995^a
Accumulated other comprehensive income (loss)	-1,514^a	-88^a
Total stockholders' equity	150,322^a	92,704^a
Non-controlling interest	373,184^a	317,805^a
Total equity	523,506^a	410,509^a
Total liabilities, temporary equity and stockholders' equity	1,709,338^a	1,588,212^a

Verified Sources Behind Hagerty’s Financial Fundamentals Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Hagerty’s data sources below and access millions more through our Disclosure Search.

a. Hagerty's Annual Report 2024

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Hagerty Inc

Financial Statements of Hagerty

Verified Sources Behind Hagerty’s Financial Fundamentals Data

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