Hagerty, Inc. (HGTY)
NYSE: HGTY · Insurance Agents, Brokers & Service · Traverse City, MI · filing with the SEC since 2021
Income statement, as filed
In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts in thousands. The fiscal year ends in December.| Fiscal year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Period ending | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
| Report filed | Feb 26, 2026 | Mar 4, 2025 | Mar 12, 2024 | Mar 14, 2023 | Mar 24, 2022 | · |
| Revenue | 1,456,389 | 1,241,510r | 1,027,117r | 787,588 | 619,079 | 499,548 |
| For insurers | ||||||
| Premiums earned | 726,726 | 643,324 | 531,866 | 403,061 | 295,824 | 220,502 |
| Net investment income | 38,648 | 39,249 | 26,904 | 6,609 | · | · |
| Benefits, claims and losses | 285,394 | 298,593 | 220,658 | 182,402 | 122,080 | · |
| Total benefits, losses and expenses | 1,317,207 | 1,147,828r | 982,345r | 855,154 | 629,149 | 483,702 |
| Sales and marketing | 258,202 | 190,523 | 156,378 | 140,781 | 107,483 | 86,207 |
| General and administrative | 94,517 | 82,504 | 85,434 | 89,068 | 64,558 | 51,188 |
| Total operating expenses | 1,276,361 | 1,133,369 | 976,708 | · | · | · |
| Operating income | · | 66,418 | 10,408 | -67,566 | -10,070 | 15,846 |
| Interest expense | 5,440 | 1,396 | 5,383 | · | · | · |
| Interest and investment income | 38,992 | 39,475 | 26,904 | 6,609 | · | · |
| Share of profit of equity-method investments | · | 0 | 0 | -1,676 | 0 | · |
| Other income (expense), net | -40,896 | -5,664r | -4,083r | 2,028 | -1,993 | -987 |
| Income before income taxes | 139,182 | 93,682 | 44,772 | 11,096 | -54,603 | 14,859 |
| Income tax expense | -10,043 | 15,379 | 16,593 | 7,017 | 6,751 | 4,820 |
| Income from continuing operations | 41,463 | 9,590 | 16,554 | 32,078 | -46,358 | · |
| Net income including non-controlling interests | 149,225 | 78,303 | 28,179 | 2,403 | -61,354 | 10,039 |
| Net income to non-controlling interests | 100,207 | 61,286 | 7,948 | -29,675 | -398 | -127 |
| Net income | · | · | · | 32,078 | -46,358 | 10,166 |
| Net income to common shareholders | · | · | · | -23,956 | -46,358 | · |
| Earnings per share, basic | · | · | · | 0.39 | -0.56 | 101.66 |
| Earnings per share, diluted | · | · | · | · | -0.56 | 101.66 |
| Weighted average shares, basic | · | · | · | · | 82,327 | 100 |
| Weighted average shares, diluted | · | · | · | · | 82,327 | 100 |
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it sold
us-gaap:RevenuesPremiums earned insurance premiums earned in the period
us-gaap:PremiumsEarnedNetNet investment income what its investments earned
us-gaap:NetInvestmentIncomeBenefits, claims and losses what it paid or set aside for claims
us-gaap:PolicyholderBenefitsAndClaimsIncurredNetTotal benefits, losses and expenses claims and every other cost together
us-gaap:BenefitsLossesAndExpensesSales and marketing the cost of finding and serving customers
us-gaap:SellingAndMarketingExpenseGeneral and administrative the cost of running the company itself
us-gaap:GeneralAndAdministrativeExpenseTotal operating expenses the running costs together
us-gaap:OperatingExpensesOperating income profit from running the business, before interest and tax
us-gaap:OperatingIncomeLossInterest expense what its borrowing cost
us-gaap:InterestExpenseNonoperatingInterest and investment income what its cash and investments earned
us-gaap:InvestmentIncomeInterestShare of profit of equity-method investments its share of companies it partly owns
us-gaap:IncomeLossFromEquityMethodInvestmentsOther income (expense), net gains and costs outside the business
us-gaap:OtherNonoperatingIncomeExpenseIncome before income taxes profit before tax
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterestIncome tax expense tax charged on the period's profit
us-gaap:IncomeTaxExpenseBenefitIncome from continuing operations profit from the businesses it keeps
us-gaap:IncomeLossFromContinuingOperationsNet income including non-controlling interests the whole group's profit, minority holders' share included
us-gaap:ProfitLossNet income to non-controlling interests the share that belongs to minority holders
us-gaap:NetIncomeLossAttributableToNoncontrollingInterestNet income the profit or loss that belongs to the company's shareholders
us-gaap:NetIncomeLossNet income to common shareholders what is left for common shareholders
us-gaap:NetIncomeLossAvailableToCommonStockholdersBasicEarnings per share, basic net income per share outstanding
us-gaap:EarningsPerShareBasicEarnings per share, diluted net income per share, counting every share that could be issued
us-gaap:EarningsPerShareDilutedWeighted average shares, basic the average count of shares outstanding
us-gaap:WeightedAverageNumberOfSharesOutstandingBasicWeighted average shares, diluted the average count with every share that could be issued
us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding