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 millions of USD	2024	2023	2022
Revenue	—	—	—
Commission and fee revenue	423.24^a	365.51^a	307.24^a
Earned premium	643.32^a	531.87^a	403.06^a
Membership, marketplace and other revenue	133.47^a	102.84^a	77.29^a
Total revenue	1,200.04^a	1,000.21^a	787.59^a
Operating expenses	—	—	—
Salaries and benefits	-221.46^a	-216.9^a	-199.54^a
Ceding commissions, net	-301.72^a	-251.81^a	-191.15^a
Losses and loss adjustment expenses	-298.59^a	-220.66^a	-182.4^a
Sales expense	-190.52^a	-156.38^a	-140.78^a
General and administrative expenses	-82.5^a	-85.43^a	-89.07^a
Depreciation and amortization	-38.91^a	-45.81^a	-33.89^a
Restructuring, impairment and related charges, net	0^a	-8.81^a	-18.32^a
Gains, losses, and impairments related to divestitures	-0.09^a	4.01^a	0^a
Total operating expenses	-1,133.62^a	-989.81^a	-855.15^a
Operating income (loss)	66.42^a	10.41^a	-67.57^a
Gain (loss) related to warrant liabilities, net	-8.54^a	11.54^a	41.9^a
Revaluation gain on previously held equity method investment	0^a	0^a	34.74^a
Interest and other income (expense), net	35.81^a	22.82^a	2.03^a
Income before income tax expense	93.68^a	44.77^a	11.1^a
Income tax expense	-15.38^a	-16.59^a	-7.02^a
Loss from equity method investment, net of tax	0^a	0^a	-1.68^a
Net income	78.3^a	28.18^a	2.4^a
Net (income) loss attributable to non-controlling interest	-61.29^a	-7.95^a	29.68^a
Accretion of series a convertible preferred stock	-7.43^a	-3.68^a	0^a
Net income attributable to class a common stockholders	9.59^a	16.55^a	32.08^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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