Hagerty, Inc. financial data

Symbol
HGTY on NYSE, HGTPW on OTC
Industry
Insurance Agents, Brokers & Service
Location
121 Drivers Edge, Traverse City, MI
State of incorporation
DE
Fiscal year end
December 31
Former names
Aldel Financial Inc. (to 11/22/2021)
Latest financial report
10-Q - Q3 2024 - Nov 7, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 123 % -10.9%
Quick Ratio 0.88 % +95.6%
Debt-to-equity 1.06K % -31.6%
Return On Equity 2.79 %
Return On Assets 0.76 %
Operating Margin 4.67 %

Shares

Label TTM Value / Value Unit Change %
Common Stock, Shares, Outstanding 345M shares +1.52%
Entity Public Float 232M USD -11.6%
Weighted Average Number of Shares Outstanding, Basic 82.4K shares -17.6%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 1.15B USD +21.1%
Revenue from Contract with Customer, Excluding Assessed Tax 531M USD +16.6%
Selling and Marketing Expense 178M USD +14.7%
General and Administrative Expense 82.6M USD -8.07%
Operating Income (Loss) 53.9M USD -37.4%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 93.4M USD -22.6%
Income Tax Expense (Benefit) 14.5M USD -2.9%
Net Income (Loss) Attributable to Parent 10.4M USD
Earnings Per Share, Basic 67.8 USD/shares

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 147M USD +62.2%
Accounts Receivable, after Allowance for Credit Loss, Current 93.5M USD +14.1%
Inventory, Net 8.95M USD +372%
Other Assets, Current 78M USD +37.4%
Assets, Current 1.01B USD -19.2%
Property, Plant and Equipment, Net 18.7M USD -13.2%
Operating Lease, Right-of-Use Asset 45.9M USD -11.9%
Intangible Assets, Net (Excluding Goodwill) 92M USD -3.91%
Goodwill 114M USD -0.02%
Other Assets, Noncurrent 54.7M USD +44.1%
Assets 1.82B USD +14.8%
Accounts Payable, Current 16.3M USD +79.2%
Accrued Liabilities, Current 48.2M USD
Contract with Customer, Liability, Current 38.9M USD +14.5%
Liabilities, Current 1B USD +12.4%
Contract with Customer, Liability, Noncurrent 15.8M USD -11.2%
Deferred Income Tax Liabilities, Net 21M USD +17.4%
Operating Lease, Liability, Noncurrent 44.9M USD -13.8%
Other Liabilities, Noncurrent 4.2M USD +5.72%
Liabilities 1.21B USD +9.47%
Accumulated Other Comprehensive Income (Loss), Net of Tax 1.45M USD
Retained Earnings (Accumulated Deficit) -455M USD +5.89%
Stockholders' Equity Attributable to Parent 148M USD +99.7%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 525M USD +32.2%
Liabilities and Equity 1.82B USD +14.8%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 58.2M USD +397%
Net Cash Provided by (Used in) Financing Activities -37.2M USD -97.2%
Net Cash Provided by (Used in) Investing Activities -18.3M USD +26.3%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 2.53M USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 323M USD -52.8%
Interest Paid, Excluding Capitalized Interest, Operating Activities 1.24M USD -45.6%
Deferred Tax Assets, Valuation Allowance 172M USD -1.72%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 184M USD -1.99%
Operating Lease, Liability 51.5M USD -12.1%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 22.7M USD +19315%
Lessee, Operating Lease, Liability, to be Paid 63.6M USD -13.3%
Property, Plant and Equipment, Gross 45M USD -4.56%
Operating Lease, Liability, Current 6.62M USD +1.27%
Lessee, Operating Lease, Liability, to be Paid, Year Two 8.29M USD -5.16%
Lessee, Operating Lease, Liability, to be Paid, Year One 8.96M USD -1.86%
Operating Lease, Weighted Average Discount Rate, Percent 0.05 pure 0%
Deferred Income Tax Expense (Benefit) -571K USD -161%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 12.1M USD -18.2%
Lessee, Operating Lease, Liability, to be Paid, Year Three 7.91M USD -3.14%
Deferred Tax Assets, Operating Loss Carryforwards 23.3M USD +35.5%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 20M shares 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 7.9M USD +0.15%
Additional Paid in Capital 602M USD +7.87%
Preferred Stock, Shares Outstanding 0 shares
Operating Leases, Future Minimum Payments, Due in Two Years 8.78M USD 0%
Amortization of Intangible Assets 28.2M USD +3.3%
Depreciation, Depletion and Amortization 40.7M USD -8.48%
Operating Leases, Future Minimum Payments Due, Next Twelve Months 9.07M USD 0%
Deferred Tax Assets, Net of Valuation Allowance 14.5M USD +23.3%
Share-based Payment Arrangement, Expense 17.9M USD -17.1%
Operating Leases, Future Minimum Payments, Due in Three Years 8.59M USD 0%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%