Hagerty Inc
NYSE:HGTY

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Hagerty Inc
NYSE:HGTY
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Price: 11.08 USD -1.6%
Market Cap: 3.8B USD
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Income Statement

Earnings Waterfall
Hagerty Inc

Revenue
1.2B USD
Operating Expenses
-1.1B USD
Operating Income
53.7m USD
Other Expenses
-33.8m USD
Net Income
19.9m USD

Income Statement
Hagerty Inc

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Income Statement
Currency: USD
Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024
Revenue
Gross Premiums Earned
619
490
696
745
788
838
893
952
1 000
1 054
1 106
1 153
Revenue
619
N/A
490
-21%
696
+42%
780
+12%
822
+5%
873
+6%
928
+6%
952
+3%
1 000
+5%
1 054
+5%
1 106
+5%
1 153
+4%
Operating Income
Operating Expenses
(629)
(523)
(726)
(798)
(837)
(904)
(941)
(958)
(977)
(1 007)
(1 041)
(1 100)
Selling, General & Administrative
(485)
(399)
(556)
(596)
(621)
(651)
(672)
(690)
(711)
(730)
(753)
(771)
Depreciation & Amortization
(22)
(20)
(28)
(31)
(34)
(41)
(43)
(45)
(46)
(43)
(42)
(41)
Benefits Claims Loss Adjustment
(122)
(104)
(142)
(171)
(182)
(194)
(209)
(206)
(221)
(235)
(246)
(288)
Other Operating Expenses
0
0
0
0
0
(18)
(18)
(18)
0
0
0
0
Operating Income
(10)
N/A
(32)
-219%
(30)
+7%
(18)
+39%
(15)
+20%
(31)
-112%
(13)
+57%
(6)
+55%
23
N/A
46
+100%
64
+39%
54
-17%
Pre-Tax Income
Interest Income Expense
(2)
(3)
(3)
(2)
2
8
13
18
23
24
33
35
Non-Reccuring Items
0
0
0
0
(18)
(6)
(8)
(13)
(13)
(7)
(4)
0
Total Other Income
(43)
(10)
(16)
(4)
42
10
13
3
12
6
6
4
Pre-Tax Income
(55)
N/A
(45)
+17%
(49)
-8%
(24)
+50%
11
N/A
(18)
N/A
4
N/A
2
-59%
45
+2 387%
69
+55%
99
+42%
93
-5%
Net Income
Tax Provision
(7)
(6)
(8)
(6)
(7)
(9)
(10)
(15)
(17)
(18)
(20)
(15)
Income from Continuing Operations
(61)
(51)
(57)
(30)
4
(27)
(6)
(13)
28
51
78
79
Income to Minority Interest
15
27
27
17
30
31
18
14
(8)
(30)
(50)
(50)
Equity Earnings Affiliates
0
(0)
(0)
(2)
(2)
(2)
(2)
0
0
0
0
0
Net Income (Common)
(46)
N/A
(25)
+47%
(30)
-22%
(15)
+50%
32
N/A
3
-92%
11
+320%
(1)
N/A
16
N/A
15
-5%
20
+36%
20
-2%
EPS (Diluted)
-0.56
N/A
-0.07
+88%
-0.36
-414%
-0.04
+89%
0.1
N/A
0.02
-80%
0.12
+500%
-0.01
N/A
0.05
N/A
0.17
+240%
0.23
+35%
0.22
-4%

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