Hagerty Inc

Financial Services US HGTY

9.69USD
-0.27(2.71%)

Last update at 2026-03-10T20:00:00Z

Day Range

9.5510.08
LowHigh

52 Week Range

7.5210.42
LowHigh

Fundamentals

  • Previous Close 9.96
  • Market Cap2678.26M
  • Volume321147
  • P/E Ratio-
  • Dividend Yield-%
  • EBITDA56.89M
  • Revenue TTM952.17M
  • Revenue Per Share TTM11.36
  • Gross Profit TTM 405.64M
  • Diluted EPS TTM-0.06

Source: TradingView
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Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 11.10M -54.60300M 14.86M 11.46M 8.60M
Minority interest -29.67500M -14.99600M 0.13M 0.00000M 0.00000M
Net income 4.08M -61.35400M 10.17M 4.21M 8.47M
Selling general administrative 288.61M 236.46M 188.70M 153.32M 127.91M
Selling and marketing expenses 140.78M 107.48M 86.21M 84.19M 70.02M
Gross profit 540.88M 404.64M 499.55M 397.27M 301.70M
Reconciled depreciation 33.89M 22.14M 11.80M 8.95M 7.75M
Ebit 41.12M -91.29100M 15.85M 10.85M 8.61M
Ebitda 75.01M -69.14700M 27.65M 19.80M 16.37M
Depreciation and amortization 33.89M 22.14M 11.80M 8.95M 7.75M
Non operating income net other 76.99M -44.53300M - - -
Operating income 41.12M -91.29100M 15.85M 10.85M 8.61M
Other operating expenses 818.39M 631.14M 484.69M 385.82M 293.10M
Interest expense 2.03M 1.99M 0.86M 0.61M 0.00000M
Tax provision 7.02M 6.75M 4.82M 7.25M 0.12M
Interest income - - - - -
Net interest income 2.03M -1.99300M - - -
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 7.02M 6.75M 4.82M 7.25M 0.12M
Total revenue 829.49M 576.54M 499.55M 397.27M 301.70M
Total operating expenses 566.54M -667.83000M 483.70M 386.43M 293.09M
Cost of revenue 288.61M 171.90M - - -
Total other income expense net -30.02700M 36.69M -0.98648M 0.61M 30.39M
Discontinued operations - - - - -
Net income from continuing ops 4.08M -61.35400M 10.04M 4.21M 8.47M
Net income applicable to common shares 32.08M -46.35800M 10.17M 4.21M 8.47M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 1312.52M 1041.87M 610.71M 443.28M -
Intangible assets 104.02M 76.17M 46.62M 17.30M -
Earning assets - - - - -
Other current assets 783.36M 573.22M 334.20M 257.50M -
Total liab 945.15M 771.07M 493.39M 332.82M -
Total stockholder equity 59.25M -323.78100M 117.20M 110.46M -
Deferred long term liab - - 15.04M 10.60M -
Other current liab 643.52M -9.08400M 15.26M 146.22M -
Common stock 0.03M 0.03M 119.15M 112.99M -
Capital stock 0.03M 0.03M 119.15M 112.99M -
Retained earnings -489.60200M -482.27600M 56.83M - -
Other liab 88.74M 733.03M 39.64M 11.38M -
Good will 115.04M 11.49M 4.75M 3.80M -
Other assets 936.78M 470.89M 20.17M 17.81M -
Cash 95.17M 275.33M 38.11M 21.81M -
Cash and equivalents - - - - -
Total current liabilities 667.36M 9.08M 384.75M 295.34M -
Current deferred revenue - - 144.25M 116.07M -
Net debt 101.44M -139.83200M 30.89M 4.29M -
Short term debt 7.56M - 213.70M 26.10M -
Short long term debt - - - 26.10M -
Short long term debt total 196.61M 135.50M 69.00M 26.10M -
Other stockholder equity 549.03M 160.19M -1.95379M -2.52470M -
Property plant equipment 107.65M 28.36M 25.82M 16.23M -
Total current assets 936.78M 454.95M 513.36M 388.14M -
Long term investments - - - - -
Net tangible assets 59.25M 269.50M 65.84M 89.36M -
Short term investments - - - - -
Net receivables 256.53M 179.62M 141.05M 108.82M -
Long term debt 108.28M 135.50M 69.00M 26.10M -
Inventory -198.27800M -573.22300M - - -
Accounts payable 16.28M 9.08M 11.54M 6.95M -
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity 308.12M 1.30M - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -0.21300M -1.72700M -1.95379M -2.52470M -
Additional paid in capital - - - - -
Common stock total equity 0.03M 0.03M - - -
Preferred stock total equity - - - - -
Retained earnings total equity -489.60200M -482.27600M - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other -887.76700M -116.02200M 20.17M 17.81M -
Deferred long term asset charges - - - - -
Non current assets total -561.04800M 116.02M 97.35M 55.14M -
Capital lease obligations 88.33M - - - -
Long term debt total - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -24.02100M -11.06300M -47.38893M -21.05618M -8.39317M
Change to liabilities 103.80M -0.84100M 26.81M 3.64M 1.97M
Total cashflows from investing activities -91.52100M -68.99400M -47.38893M -21.05618M -8.39317M
Net borrowings -28.13300M 66.50M 43.90M -48.85000M 10.00M
Total cash from financing activities -28.08400M 332.07M 39.95M 40.09M 12.23M
Change to operating activities 73.98M 47.62M 45.54M 36.78M 32.94M
Net income 2.40M -61.35400M 10.04M 4.21M 8.47M
Change in cash -64.78100M 304.89M 78.02M 69.35M 49.47M
Begin period cash flow 603.97M 299.08M 221.06M 151.71M 102.24M
End period cash flow 539.19M 603.97M 299.08M 221.06M 151.71M
Total cash from operating activities 55.33M 42.28M 84.57M 50.09M 46.15M
Issuance of capital stock - - 0.00000M 89.09M 0.00000M
Depreciation 33.89M 22.14M 11.80M 8.95M 7.75M
Other cashflows from investing activities -23.12500M 0.05M -0.35920M -0.41617M -0.51109M
Dividends paid 0.00000M 4.06M 4.00M 4.00M 4.00M
Change to inventory - 61.41M 46.55M 49.00M 10.73M
Change to account receivables -49.46200M -36.11800M -24.87193M -27.24095M -14.27361M
Sale purchase of stock 1.70M - - - -
Other cashflows from financing activities 94.42M 379.63M 73.05M 25.65M 12.38M
Change to netincome -55.00700M 33.16M 4.76M 6.41M 0.13M
Capital expenditures 44.38M 43.37M 38.26M 9.40M 7.89M
Change receivables -49.46200M - - - -
Cash flows other operating 19.71M - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes -64.27700M - - - -
Change in working capital 58.47M 33.33M 57.85M 30.53M 29.79M
Stock based compensation 12.13M 44.97M 2.65M -0.13802M -
Other non cash items -54.53600M 0.15M 0.76M 0.62M 0.13M
Free cash flow 10.95M -1.08900M 46.32M 40.69M 38.26M

Peer Comparison

Sector: Financial Services Industry: Insurance - Property & Casualty

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
HGTY
Hagerty Inc
-0.27 2.71% 9.69 - - 2.81 9.09 0.75 25.46
PGR
Progressive Corp
0.16 0.08% 206.96 34.22 20.33 1.55 5.46 1.70
CB
Chubb Ltd
0.84 0.26% 325.24 12.92 10.49 1.85 1.73 2.18
ALL
The Allstate Corporation
-0.19 0.09% 207.50 12.61 10.79 0.83 2.79 0.99
TKOMF
Tokio Marine Holdings Inc.
1.23 3.22% 39.40 14.81 10.00 0.0069 1.59 0.0064

Reports Covered

Stock Research & News

Profile

Hagerty, Inc. provides insurance agency services worldwide. It offers motor vehicle and boat insurance products; and reinsurance products. The company also provides Hagerty Media, which publishes contents through the Hagerty Drivers Club Magazine (HDC), video content, and social media channels; HDC that offers subscription based products and services, including HDC Magazine, automotive enthusiast events, proprietary vehicle valuation tools, emergency roadside services, and special vehicle-related discounts; HVT, a valuation tool used by the customer to access current and historic pricing data of collector vehicle models; and Hagerty Events, an eclectic mix of small and large events. In addition, it offers Hagerty Garage + Social, a platform that provides clubhouses and car storage facilities. The company is headquartered in Traverse City, Michigan.

Hagerty Inc

121 Drivers Edge, Traverse City, MI, United States, 49684-4203

Key Executives

Name Title Year Born
Mr. McKeel O. Hagerty CEO & Director 1967
Mr. Frederick James Turcotte Special Project Advisor 1961
Mr. Patrick S. McClymont Chief Financial Officer 1970
Ms. Collette Champagne Chief Operating Officer 1970
Mr. Russell Page Chief Data & Information Officer NA
Mr. Jason Koval Sr. VP of Investor Relations NA
Ms. Barbara E. Matthews Sr. VP, Gen. Counsel & Corp. Sec. 1963
Mr. Daniel Ignoto Sr. VP of Strategic Insurance Partnerships NA
Mr. John Butcher Pres of Insurance & Global Markets 1965
Ms. Soon Hagerty Sr. VP of Brand NA

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