Hagerty Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Premiums Earned	726.73	643.32	531.87	403.06	295.82
Investment Income	38.65	39.25	26.9	-	-
Net Gains on Investments	3.06	2.22	-	-	-
Total Other Revenues	687.95	556.71	468.35	384.53	323.26
Revenue	1,456	1,242	1,027	787.59	619.08
Revenue Growth (YoY)	17.31%	20.87%	30.41%	27.22%	23.93%
Insurance Benefits & Claims	285.39	298.59	220.66	182.4	122.08
Policy Amortization Costs	337.09	301.72	251.81	191.15	140.98
Other Operating Expenses	653.83	533.31	517.34	481.6	366.09
Operating Income	180.08	107.89	37.31	-67.57	-10.07
Interest Expense	-40.9	-5.66	-4.08	-	-
Other Non-Operating Income (Expense)	-	8.54	-11.54	76.99	-44.53
Total Non-Operating Income (Expense)	-40.9	2.88	-15.63	76.99	-44.53
Pretax Income	139.18	93.68	44.77	11.1	-54.6
Provision for Income Taxes	10.04	-15.38	-16.59	7.02	6.75
Net Income	41.46	9.59	16.55	32.08	-46.36
Minority Interest in Earnings	-100.21	-61.29	-7.95	29.68	-14.2
Net Income Attributable to Preferred Dividends	7.56	7.43	3.68	-	-
Net Income to Common	41.46	9.59	16.55	32.08	-46.36
Net Income Growth	332.36%	-42.07%	-48.39%	-	-
Shares Outstanding (Basic)	94	88	84	336	83
Shares Outstanding (Diluted)	347	89	340	336	83
Shares Change (YoY)	292.04%	-73.99%	1.24%	306.06%	0.55%
EPS (Basic)	0.41	0.10	0.19	0.39	-0.56
EPS (Diluted)	0.37	0.10	0.09	-0.07	-0.56
EPS Growth	270.00%	11.11%	-	-	-
Free Cash Flow	194.45	155.68	107.3	10.95	-1.09
Free Cash Flow Growth	24.90%	45.08%	879.67%	-	-
Free Cash Flow Per Share	0.56	1.76	0.32	0.03	-
Operating Margin	12.36%	8.69%	3.63%	-8.58%	-1.63%
Profit Margin	10.25%	6.31%	2.74%	0.31%	-9.91%
FCF Margin	13.35%	12.54%	10.45%	1.39%	-0.18%
EBITDA	217.6	146.8	83.12	-33.68	12.07
EBITDA Margin	14.94%	11.82%	8.09%	-4.28%	1.95%
EBIT	180.08	107.89	37.31	-67.57	-10.07
EBIT Margin	12.36%	8.69%	3.63%	-8.58%	-1.63%
Effective Tax Rate	7.22%	-16.42%	-37.06%	63.24%	-12.36%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q