Hagerty, Inc.
For the period ended Jun 30, 2026. Filed Aug 5, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 5, 2026
HGTY$16.94-1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Unaudited)
| June 30, | December 31, | |
|---|---|---|
| 2026 | 2025 | |
| ASSETS | in thousands (except share amounts) | |
| Fixed maturity securities available-for-sale, at fair value (amortized cost: $702,483 and $687,813 as of June 30, 2026 and December 31, 2025, respectively) | $701,561 | $696,271 |
| Equity securities, at fair value | 54,945 | 34,871 |
| Total investments | 756,506 | 731,142 |
| Cash and cash equivalents | 298,302 | 160,177 |
| Restricted cash and cash equivalents | 169,333 | 138,823 |
| Accounts receivable | 27,313 | 98,872 |
| Premiums receivable | 120,382 | 180,529 |
| Deferred acquisition costs, net | 100,196 | 179,224 |
| Reinsurance recoverables | 12,346 | 15,296 |
| Prepaid reinsurance premiums | 49,846 | 21,950 |
| Notes receivable | 153,302 | 113,887 |
| Intangible assets, net | 89,315 | 88,915 |
| Goodwill | 114,134 | 114,164 |
| Deferred tax assets | 48,021 | 43,011 |
| Other assets | 209,435 | 207,986 |
| TOTAL ASSETS | $2,148,431 | $2,093,976 |
| LIABILITIES, TEMPORARY EQUITY AND STOCKHOLDERS' EQUITY | ||
| Accounts payable and accrued expenses | $89,829 | $111,947 |
| Advance premiums | 50,108 | 28,287 |
| Due to insurers | 27,100 | 94,930 |
| Losses payable and reserves for unpaid losses and loss adjustment expenses | 241,705 | 264,204 |
| Unearned premiums | 598,217 | 412,058 |
| Ceding commissions payable | 6,133 | 86,165 |
| Debt, net | 215,951 | 177,907 |
| Contract liabilities | 50,841 | 46,450 |
| Deferred tax liability | 244 | 23,489 |
| Tax receivable agreement liability | 38,284 | 39,829 |
| Other liabilities | 95,213 | 61,684 |
| TOTAL LIABILITIES | 1,413,625 | 1,346,950 |
| Commitments and Contingencies (Note 21) | — | — |
| TEMPORARY EQUITY | ||
| Preferred stock, $0.0001 par value (20,000,000 shares authorized, 8,483,561 Series A Convertible Preferred Stock issued and outstanding as of June 30, 2026 and December 31, 2025) | 84,996 | 86,618 |
| STOCKHOLDERS' EQUITY | ||
| Class A Common Stock, $0.0001 par value (500,000,000 shares authorized, 101,804,938 and 100,706,893 issued and outstanding as of June 30, 2026 and December 31, 2025, respectively) | 10 | 10 |
| Class V Common Stock, $0.0001 par value (300,000,000 authorized, 241,552,156 shares issued and outstanding as of June 30, 2026 and December 31, 2025) | 24 | 24 |
| Additional paid-in capital | 623,664 | 623,013 |
| Accumulated earnings (deficit) | (407,171) | (402,960) |
| Accumulated other comprehensive income (loss) | (1,068) | 1,229 |
| Total stockholders' equity | 215,459 | 221,316 |
| Non-controlling interest | 434,351 | 439,092 |
| Total equity (Note 16) | 649,810 | 660,408 |
| TOTAL LIABILITIES, TEMPORARY EQUITY AND STOCKHOLDERS' EQUITY | $2,148,431 | $2,093,976 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.