Hagerty, Inc. (HGTY) financial statements (2022 and earlier)
Company profile
| Business Address |
121 DRIVERS EDGE TRAVERSE CITY, MI 49684 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 6411 - Insurance Agents, Brokers, and Service (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2021 | |||
|---|---|---|---|
| ASSETS | |||
| Current Assets | |||
| Cash, cash equivalents, and short-term investments | 275 | ||
| Cash and cash equivalents | 275 | ||
| Restricted cash and investments | 329 | ||
| Receivables | 47 | ||
| Other undisclosed current assets | 245 | ||
| Total current assets: | 895 | ||
| Noncurrent Assets | |||
| Property, plant and equipment | 28 | ||
| Other noncurrent assets | 118 | ||
| Total noncurrent assets: | 147 | ||
| TOTAL ASSETS: | 1,042 | ||
| LIABILITIES AND EQUITY | |||
| Liabilities | |||
| Current Liabilities | |||
| Accounts payable and accrued liabilities | 55 | ||
| Accounts payable | 9 | ||
| Accrued liabilities | 46 | ||
| Deferred revenue | 22 | ||
| Debt | 1 | ||
| Other liabilities | 2 | ||
| Other undisclosed current liabilities | 416 | ||
| Total current liabilities: | 496 | ||
| Noncurrent Liabilities | |||
| Long-term debt and lease obligation | 136 | ||
| Long-term debt, excluding current maturities | 136 | ||
| Liabilities, other than long-term debt | 50 | ||
| Accounts payable and accrued liabilities | 13 | ||
| Deferred revenue | 20 | ||
| Deferred income tax liabilities | 11 | ||
| Other liabilities | 7 | ||
| Other undisclosed noncurrent liabilities | 89 | ||
| Total noncurrent liabilities: | 275 | ||
| Total liabilities: | 771 | ||
| Temporary equity, carrying amount | 593 | ||
| Stockholders' equity | |||
| Stockholders' equity attributable to parent, including: | (324) | ||
| Additional paid in capital | 160 | ||
| Accumulated other comprehensive loss | (2) | ||
| Accumulated deficit | (482) | ||
| Other undisclosed stockholders' equity attributable to parent | 0 | ||
| Stockholders' equity attributable to noncontrolling interest | 1 | ||
| Total stockholders' equity: | (322) | ||
| TOTAL LIABILITIES AND EQUITY: | 1,042 | ||
Income statement (P&L) ($ in millions)
| 12/31/2021 | ||
|---|---|---|
| Revenues | 619 | |
| Premiums earned, net | 296 | |
| Cost of revenue (Deferred Policy Acquisition Costs, Amortization Expense) | (141) | |
| Gross profit: | 478 | |
| Operating expenses | (172) | |
| Other undisclosed operating loss | (316) | |
| Operating loss: | (10) | |
| Nonoperating expense (Other Nonoperating expense) | (2) | |
| Loss from continuing operations before equity method investments, income taxes: | (12) | |
| Other undisclosed loss from continuing operations before income taxes | (43) | |
| Loss from continuing operations before income taxes: | (55) | |
| Income tax expense | (7) | |
| Net loss: | (61) | |
| Net income attributable to noncontrolling interest | 0 | |
| Other undisclosed net income attributable to parent | 15 | |
| Net loss available to common stockholders, diluted: | (46) | |
Comprehensive Income ($ in millions)
| 12/31/2021 | ||
|---|---|---|
| Net loss: | (61) | |
| Other comprehensive income | 0 | |
| Comprehensive loss: | (61) | |
| Comprehensive income, net of tax, attributable to noncontrolling interest | 0 | |
| Other undisclosed comprehensive income, net of tax, attributable to parent | 15 | |
| Comprehensive loss, net of tax, attributable to parent: | (46) | |
Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.