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.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations
Condensed Consolidated Statements of Operations (Unaudited)
| Three months endedJune 30, | Six months endedJune 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| REVENUES: · (in thousands, except per share amounts) | ||||
| Earned premium, net | $251,956 | $177,785 | $491,598 | $347,140 |
| Commission and fee revenue | 23,665 | 143,287 | 40,100 | 243,574 |
| Marketplace revenue | 39,658 | 26,886 | 65,310 | 55,972 |
| Membership and other revenue | 21,361 | 20,741 | 43,488 | 41,606 |
| Net investment income | 11,003 | 9,416 | 21,266 | 18,474 |
| Net investment gains | 7,179 | 1,194 | 4,890 | 879 |
| Total revenue | 354,822 | 379,309 | 666,652 | 707,645 |
| EXPENSES: | ||||
| Losses and loss adjustment expenses, net | 110,709 | 75,213 | 208,628 | 146,343 |
| Policy acquisition costs, net | 83,641 | 82,938 | 185,563 | 160,271 |
| Underwriting and other insurance expenses | 62,947 | 1,222 | 122,535 | 2,579 |
| Selling, general, and administrative expenses | 95,265 | 161,627 | 167,681 | 305,672 |
| Interest expense and other, net | 28 | 4,946 | 950 | 6,635 |
| Total expenses | 352,590 | 325,946 | 685,357 | 621,500 |
| INCOME (LOSS) BEFORE TAXES | 2,232 | 53,363 | (18,705) | 86,145 |
| Income tax (expense) benefit | 5,809 | (6,161) | 14,001 | (11,650) |
| NET INCOME (LOSS) | 8,041 | 47,202 | (4,704) | 74,495 |
| Net (income) loss attributable to non-controlling interest | (7,761) | (36,229) | 493 | (55,151) |
| Accretion of Series A Convertible Preferred Stock | (1,948) | (1,875) | (3,978) | (3,750) |
| NET INCOME (LOSS) ATTRIBUTABLE TO CLASS A COMMON STOCKHOLDERS | $(1,668) | $9,098 | $(8,189) | $15,594 |
| Earnings (loss) per share of Class A Common Stock: | ||||
| Basic | $(0.02) | $0.09 | $(0.08) | $0.16 |
| Diluted | $(0.02) | $0.09 | $(0.08) | $0.16 |
| Weighted average shares of Class A Common Stock outstanding: | ||||
| Basic | 101,797 | 90,698 | 101,418 | 90,374 |
| Diluted | 101,797 | 90,698 | 101,418 | 91,247 |
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