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Hagerty, Inc.

HGTY Financial Insurance Property & Casualty

Hagerty, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.5 billion, up 17.3% from fiscal 2024. In the quarter to June 2026, revenue fell 6.46%, EPS fell 122.2%, free cash flow grew 238.7% and total debt fell 14.2%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three; insiders bought in the last twelve months.

15.30 0.00 0.00%
Market cap
$5.3B
P/E
95.6×
Fwd P/E
−322×
Dividend yield
—
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.30
Total sells 128.01
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — 2 — 1 — — — — —
Sell — 1 4 — — 1 — 1 1 — 1 —
Insider Ownership 2.82%

Capital & Financial Ratios $m

Market Cap 5,260.00
Revenue 1,415.40
Net Income 70.03
Free Cash Flow 278.49
Net Debt (930.98)
Current Ratio 1.53
Debt/Equity 0.40
P/E ratio 95.63 (above 35: high)
Fwd P/E (322.00) (negative: loss-making)
P/S ratio 1.10
P/B ratio 2.40
Past 5Y EPS Growth (67.39%) (below 0%: weak)
This Y EPS Growth (93.07%) (below 0%: weak)
Next Y EPS Growth 1,960.97% (at or above 15%: strong)
Next Y revenue growth (7.92%) (below 0%: weak)
Next 5Y EPS Growth 18.45% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 87.94%
10-year low 10-year high
P/S against its own 10 years 85.29%
10-year low 10-year high
P/B against its own 10 years 88.50%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 735 822 1,030 1,224
Receivables 288 259 306 148
Inventory — — — —
Other 49 91 — —
1,250 1,295 1,629 1,625
2023 2024 2025 Q'26
Payables 87 59 112 90
ST’ Debt 100 108 123 77
Other 484 526 581 649
842 869 998 1,064

Compound Annual Growth %

10y 5y 3y
Sales — 23.86% 22.74%
Cash Flow — 20.96% 58.18%
Earnings — 32.47% 8.93%
Book Value — 44.81% 26.69%

Revenue $m

Mar Jun Sep Dec Year
’26 312 355 — — —
’25 328 379 380 369 1,456
’24 272 313 323 333 1,242
’23 218 261 276 272 1,027
’22 168 206 217 197 788
’21 129 167 168 154 619
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 16 170 — — —
’25 44 54 92 29 219
’24 58 64 67 (13) 177
’23 12 59 62 1 134
’22 9 51 34 (38) 55
’21 21 47 17 (43) 42
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 9 162 — — —
’25 38 48 85 23 194
’24 54 57 62 (17) 156
’23 4 51 56 (3) 107
’22 (2) 40 22 (49) 11
’21 10 39 5 (55) (1)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (0.06) (0.02) — — —
’25 0.07 0.09 0.11 0.06 0.37
’24 (0.04) 0.09 0.03 0.01 0.10
’23 (0.03) 0.03 0.04 0.03 0.09
’22 (0.01) (0.07) 0.07 (0.06) (0.07)
’21 (68.51) 125.03 (5.47) (0.56) (0.56)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — — — — — 9.61 7.23 7.52 7.68 8.03

Analyst estimates 2026–2028

Powerpack
High — — — — — 19.97 18.71 10.42 12.35 14.00
People
People Employees — — — — — 1,668 1,874 1,732 1,744 1,891
Revenue/emp, $m — — — — 0.00 0.37 0.42 0.59 0.71 0.77
Income, $m
Income, $m Revenue — — — — 500 619 788 1,027 1,242 1,456
Gross margin, % — — — — 100.00 100.00 100.00 100.00 100.00 100.00
EBT — — — — 15 (55) 11 45 94 139
EBT margin, % — — — — 2.97 (8.82) 1.41 4.36 7.55 9.56
Net income — 0 — — 10 (61) 2 28 78 149
Depreciation — — — — 12 22 34 46 36 33
Per share, $
Per share, $ Revenue — — — — 4,995.48 7.52 9.52 12.20 14.18 15.43
Earnings — — — — 100.39 (0.56) 0.39 0.19 0.10 0.41
Cash flow — — — — 845.72 0.51 0.67 1.59 2.02 2.32
Capex — — — — (382.58) (0.53) (0.54) (0.31) (0.24) (0.26)
Free cash flow — — — — 463.14 (0.01) 0.13 1.27 1.78 2.06
Book value — — — — 1,173.21 (3.92) 4.44 5.86 6.95 7.91
Shares, m — — — — 0 82 83 84 88 94
Valuation, ×
Valuation, × P/E — — — — 0.28 0.28 22.37 43.72 107.22 33.60
P/S — — — — 0.00 1.89 0.89 0.65 0.68 0.87
P/B — — — — 43.53 0.00 1.91 1.61 1.61 1.92
EV/Sales — — — — 0.00 1.25 0.45 0.15 0.19 0.37
EV/FCF — — — — 0.00 (707.83) 32.64 1.47 1.52 2.78
Cash, $m
Cash, $m Operating cash flow — — — — 85 42 55 134 177 219
Capex — — — — (38) (43) (44) (26) (21) (25)
Free cash flow — — — — 46 (1) 11 107 156 194
Balance, $m
Balance, $m Working capital — — — — 129 399 269 408 426 631
Total debt — — — — 132 207 194 231 214 301
Net debt — — — — (167) (397) (346) (504) (608) (729)
Shareholders’ equity — — — — 117 (322) 367 493 608 747
Returns, %
Returns, % ROA — — — — 3.33 (5.61) 2.72 1.14 0.58 2.18
ROIC — — — — 0.00 0.00 (194.49) 0.00 0.00 624.99
ROE — — — — (6.30) 45.19 142.91 4.26 2.05 7.00
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Hagerty, Inc. vs peers in Insurance Property & Casualty (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
KNSL Kinsale Capital Group, Inc. $8.1B 14.7× 15.2× +16.75% (above 0%: growing) +33.51% (above 0%: growing) −5.14% (below 0%: shrinking) 40.91% 40.68% Compare
THG The Hanover Insurance Group, Inc. $8.0B 11.0× 10.4× +4.34% (above 0%: growing) +27.21% (above 0%: growing) +2.20% (above 0%: growing) 44.24% 14.75% Compare
MCY Mercury General Corporation $5.6B 6.1× 8.7× +13.80% (above 0%: growing) +58.14% (above 0%: growing) −45.52% (below 0%: shrinking) 27.24% 19.93% Compare
RLI RLI Corp. $5.5B 12.8× 19.5× +15.15% (above 0%: growing) +35.82% (above 0%: growing) −17.87% (below 0%: shrinking) 43.61% 36.86% Compare
HGTY Hagerty, Inc. $5.3B 95.6× — (loss-making) −6.46% (below 0%: shrinking) n/m +238.74% (above 0%: growing) 100.00% 18.38%
SIGI Selective Insurance Group, Inc. $5.2B 11.1× 11.4× +4.54% (above 0%: growing) +55.15% (above 0%: growing) +34.56% (above 0%: growing) 41.15% 12.69% Compare
WTM White Mountains Insurance Group, Ltd. $5.1B 4.9× 5.1× +22.55% (above 0%: growing) +68.75% (above 0%: growing) −131.27% (below 0%: shrinking) 54.44% 32.51% Compare
PLMR Palomar Holdings, Inc. $3.6B 18.2× 13.7× +54.65% (above 0%: growing) +14.94% (above 0%: growing) +38.21% (above 0%: growing) 23.77% 23.77% Compare
LMND Lemonade, Inc. $3.6B — (loss-making) — (loss-making) +79.40% (above 0%: growing) n/m −335.29% (below 0%: shrinking) 47.69% (14.20%) Compare
Median of peers $5.3B 11.1× 11.4× +15.95% +35.82% −11.50% 42.38% 21.85%

All 45 Insurance Property & Casualty stocks →

Hagerty, Inc. (HGTY) key facts

  • Strength: Hagerty, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.5 billion, up 17.3% from fiscal 2024.
  • Hagerty, Inc. (HGTY) is an Insurance Property & Casualty company in the Financial sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, HGTY traded at $15.30, a market capitalization of $5.3 billion.
  • Return on equity was 7.00% and debt-to-equity 0.40.
  • Its Piotroski F-score is 6 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Hagerty, Inc. (HGTY) Latest News

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stockrow.com/HGTY · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com