Hagerty, Inc.
Description
Hagerty, Inc. provides insurance agency services worldwide. It offers motor vehicle and boat insurance products; and reinsurance products. The company 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. In addition, it offers HVT, a valuation tool used by the customer to access current and historic pricing data of collector vehicle models. Further, the company offers Hagerty Garage + Social, a platform that provides clubhouses and car storage facilities. Hagerty, Inc. is headquartered in Traverse City, Michigan.
About
CEO
Mr. McKeel O. Hagerty
Employees
1,726
Instrument type
Common Stock
Sector
Financial Services
Industry
Insurance - Property & Casualty
MIC code
XNYS
Address
121 Drivers Edge, Traverse City, MI 49684, United States
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![Enlarged Chart]()
Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 5, 2025 | — | — | — | — |
| Aug 4, 2025 | — | — | — | — |
| May 5, 2025 | — | — | — | — |
| Mar 10, 2025 | 0.02 | — | — | — |
| Nov 7, 2024 | 0.39 | 0.05 | -0.34 | -87.18% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 3 | — | 3 |
| Average estimate | — | 0.06 | — | 0.36 |
| Low estimate | — | 0.05 | — | 0.33 |
| High estimate | — | 0.07 | — | 0.40 |
| Last year EPS | — | 0.04 | — | 0.22 |
[stock_revenue_estimate]
Growth estimates
Current qtr
167.500%
Next qtr. (Mar 2025)
41.670%
Current year
459.800%
Next year (Dec 2025)
60.570%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 1.01B | 829.49M | 576.54M | 499.55M | 397.27M |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 458.71M | 429.39M | 343.94M | 274.90M | 237.51M |
| Other operating expenses | — | — | — | 986,481 | -607,953 |
| Operating income | — | — | — | 15.85M | 10.85M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | 102.84M | 77.29M | 51.68M | 42.60M | 38.10M |
| Pretax income | 44.77M | 11.10M | -54.60M | 14.86M | 11.46M |
| Tax provision | 16.59M | 7.02M | 6.75M | 4.82M | 7.25M |
| Net income | 28.18M | 2.40M | -61.35M | 10.04M | 4.21M |
| Basic EPS | 0.19 | 0.39 | -0.56 | 0.12 | 0.05 |
| Diluted EPS | 0.09 | -0.07 | -0.56 | 0.12 | 0.05 |
| Basic average shares | 84.18M | 82.73M | 82.33M | 82.33M | 82.33M |
| Diluted average shares | 84.18M | 82.73M | 82.33M | 82.33M | 82.33M |
| EBITDA | — | — | — | 27.65M | 19.80M |
| Net income from continuing op. | 28.18M | 2.40M | -61.35M | 10.04M | 4.21M |
| Minority interests | -7.95M | 29.68M | 15.00M | 127,000 | — |
| Preferred stock dividends | 4.35M | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | — | — | — | 610.71M | 443.28M |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 108.33M | 95.17M | 275.33M | 38.11M | 21.81M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 209.06M | 158.96M | 122.03M | 86.51M | 62.50M |
| Other receivables | 79.12M | 60.15M | 57.60M | 54.54M | 46.32M |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | 42.74M | 34.32M | 27.03M | 29.25M |
| Restricted cash | — | — | — | 260.97M | 199.25M |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | — | — | — | — | — |
| Land and improvements | — | — | — | 930,335 | 930,335 |
| Machinery furniture equipment | — | — | — | 40.18M | 33.52M |
| Construction in progress | — | — | — | — | — |
| Leases | — | — | — | 7.92M | 4.31M |
| Accumulated depreciation | — | — | — | -24.96M | -24.27M |
| Goodwill | 320.35M | 334.11M | 99.15M | 56.11M | 24.91M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 91.92M | 104.02M | 76.17M | 46.62M | 17.30M |
| Investments and advances | — | — | — | — | — |
| Other non current assets | — | — | — | — | — |
| Total liabilities | — | — | — | 493.39M | 332.82M |
| Current liabilities | |||||
| Accounts payable | 79.82M | 68.17M | 67.12M | 60.71M | 46.65M |
| Accrued expenses | — | 61.16M | 61.13M | 51.13M | 34.16M |
| Short term debt | 99.39M | 105.00M | — | — | 26.10M |
| Deferred revenue | 30.32M | 25.26M | 21.72M | 27.04M | 22.89M |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | 15.26M | 13.47M |
| Non current liabilities | |||||
| Long term debt | 81.75M | 84.05M | 135.50M | 69.00M | 26.10M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 15.94M | 12.85M | 10.51M | 7.50M | 5.92M |
| Derivative product liabilities | 34.02M | 45.56M | 89.37M | — | — |
| Other non current liabilities | — | — | — | 5.12M | 4.90M |
| Shareholders equity | |||||
| Common stock | 33,000 | 33,000 | 33,000 | 62.32M | 112.99M |
| Retained earnings | -469.00M | -489.60M | -482.28M | 56.83M | — |
| Other shareholders equity | -88,000 | -213,000 | -1.73M | -1.95M | -2.52M |
| Total shareholders equity | 410.51M | 367.37M | 270.80M | 117.32M | 110.46M |
| Additional paid in capital | 561.75M | 549.03M | 160.19M | — | — |
| Treasury stock | — | — | — | — | — |
| Minority interest | 317.81M | 308.12M | 594.58M | 123,000 | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Net Income | 28.18M | 2.40M | -61.35M | 10.04M | 4.21M | 8.47M |
| Depreciation | — | — | — | 11.80M | 8.95M | 7.75M |
| Deferred Taxes | 2.92M | 2.97M | 3.04M | 1.48M | 5.92M | — |
| Stock-Based Compensation | 18.02M | 12.13M | — | — | — | — |
| Other Non-Cash Items | 13.05M | 11.41M | 155,000 | 758,000 | 619,415 | 113,062 |
| Accounts Receivable | -69.88M | -52.04M | -39.12M | -33.04M | -31.71M | -11.77M |
| Accounts Payable | 11.51M | 10.43M | 8.88M | 13.96M | 5.61M | 4.26M |
| Other Assets & Liabilities | -21.20M | -12.01M | -13.27M | 21.49M | 3.56M | 2.81M |
| Operating Cash Flow | -17.40M | -24.71M | -101.67M | 26.49M | -2.84M | 11.65M |
| Investing Activities | ||||||
| Capital Expenditures | — | -44.38M | -43.37M | -38.26M | -9.39M | -7.88M |
| Net Intangibles | — | — | — | 95,000 | — | — |
| Net Acquisitions | -8.68M | -30.65M | -14.61M | -8.88M | -11.25M | — |
| Purchase of Investments | -10.57M | -4.23M | -12.25M | — | — | — |
| Sale of Investments | 7.47M | 1.22M | 1.18M | — | — | — |
| Investing Cash Flow | -26.24M | -84.52M | -68.99M | -47.39M | -21.06M | -8.39M |
| Financing Activities | ||||||
| Long-Term Debt Issuance | 161.55M | 94.37M | 108.04M | 73.00M | 25.80M | 10.00M |
| Long-Term Debt Payments | -139.85M | -122.50M | -42.50M | -29.10M | -74.65M | — |
| Other Financing Charges | 779,000 | 49,000 | 270.59M | 48,000 | -150,000 | 2.24M |
| Financing Cash Flow | 101.64M | -28.08M | 332.07M | 39.95M | 40.09M | 12.24M |
| Other Cash Details | ||||||
| End Cash Position | 724.28M | 539.19M | 603.97M | 299.08M | 221.06M | 151.71M |
| Income Tax Paid | 10.50M | 5.25M | 2.16M | 3.87M | 265,728 | 82,392 |
| Interest Paid | 6.13M | 4.87M | 2.50M | 1.51M | 2.80M | 606,204 |
| Free Cash Flow | 107.30M | 10.95M | -1.09M | 46.31M | 40.69M | 38.26M |
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