← HGTY
HGTY— Hagerty, Inc.
FinancialsInsurance Agents, Brokers & Service
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Earned premium, net | $726.7M+13.0% | $643.3M+21.0% | $531.9M+32.0% | $403.1M+36.3% | $295.8M+34.2% | $220.5M |
| Marketplace revenue | $119.2M+118.5% | $54.5M+94.2% | $28.1M | — | — | — |
| Net investment income | $38.6M-1.5% | $39.2M+45.9% | $26.9M | — | — | — |
| Net investment gains | $3.1M+37.8% | $2.2M | $0 | — | — | — |
| Total revenue | $1.46B+17.3% | $1.24B+20.9% | $1.03B+30.4% | $787.6M+27.2% | $619.1M+23.9% | $499.5M |
| Losses and loss adjustment expenses | $285.4M-4.4% | $298.6M+35.3% | $220.7M+21.0% | $182.4M+49.4% | $122.1M+34.1% | $91.0M |
| Ceding commissions, net | $337.1M+11.7% | $301.7M+19.8% | $251.8M+31.7% | $191.2M+35.6% | $141.0M+33.0% | $106.0M |
| Sales expense | $258.2M+35.5% | $190.5M+21.8% | $156.4M+11.1% | $140.8M+31.0% | $107.5M+24.7% | $86.2M |
| Salaries and benefits | $263.6M+19.0% | $221.5M+2.1% | $216.9M+8.7% | $199.5M+16.1% | $171.9M+25.0% | $137.5M |
| General and administrative expenses | $94.5M+14.6% | $82.5M-3.4% | $85.4M-4.1% | $89.1M+38.0% | $64.6M+26.1% | $51.2M |
| Depreciation and amortization | $37.5M-3.5% | $38.9M-15.1% | $45.8M+35.2% | $33.9M+53.0% | $22.1M+87.7% | $11.8M |
| Restructuring, impairment and related charges, net | $0 | $0-100.0% | $8.8M-51.9% | $18.3M | $0 | — |
| Gains, losses, and impairments related to divestitures | $0+100.0% | -$87K-102.2% | $4.0M | $0 | $0 | — |
| Loss (gain) related to warrant liabilities, net | $0-100.0% | $8.5M+174.0% | -$11.5M-127.5% | $41.9M | — | — |
| Interest expense and other, net | $40.9M+622.0% | $5.7M+38.7% | $4.1M+101.3% | $2.0M+201.8% | -$2.0M-101.9% | -$987K |
| Total expenses | $1.32B+14.8% | $1.15B+16.8% | $982.3M+14.9% | $855.2M+35.9% | $629.1M+30.1% | $483.7M |
| INCOME BEFORE TAXES | $139.2M+48.6% | $93.7M+109.2% | $44.8M | — | — | $14.9M |
| Income tax benefit | $10.0M+165.3% | -$15.4M+7.3% | -$16.6M-136.5% | -$7.0M-3.9% | -$6.8M-40.1% | -$4.8M |
| NET INCOME | $149.2M+90.6% | $78.3M+177.9% | $28.2M+1072.7% | $2.4M+103.9% | -$61.4M-711.2% | $10.0M |
| Net income attributable to non-controlling interest | -$100.2M-63.5% | -$61.3M-671.1% | -$7.9M-126.8% | $29.7M+7356.0% | $398K+213.4% | $127K |
| Accretion of Series A Convertible Preferred Stock | -$7.6M-1.7% | -$7.4M-102.0% | -$3.7M | $0 | $0 | — |
| NET INCOME ATTRIBUTABLE TO CLASS A COMMON STOCKHOLDERS | $41.5M+332.4% | $9.6M-42.1% | $16.6M-48.4% | $32.1M+169.2% | -$46.4M | — |
| Class A Common Stock | ||||||
| Basic (in dollars per share) | $410+310.0% | $100-47.4% | $190-51.3% | $390+169.6% | -$560-100.6% | $102K |
| Diluted (in dollars per share) | $370+270.0% | $100+11.1% | $90+228.6% | -$70+87.5% | -$560-100.6% | $102K |
| Basic (in shares) | $94.4M+7.9% | $87.5M+4.0% | $84.2M+1.8% | $82.7M+0.5% | $82.3M+82227.0% | $100K |
| Diluted (in shares) | $347.0M+292.0% | $88.5M-74.0% | $340.3M+1.2% | $336.1M+308.3% | $82.3M+82227.0% | $100K |
| Commission and fee revenue | ||||||
| Revenue from contract with customer, including finance revenue, excluding assessed tax | $82.4M+4.4% | $78.9M+5.6% | $74.8M-75.7% | $307.2M | — | — |
| Membership and other revenue | ||||||
Source: SEC EDGAR XBRL. % change vs prior period shown where available.
Source: SEC EDGAR 10-K and 10-Q filings. Up to 10 years annual / 16 quarters shown.