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 investments275
Cash and cash equivalents275
Restricted cash and investments329
Receivables47
Other undisclosed current assets245
Total current assets:895
Noncurrent Assets
Property, plant and equipment28
Other noncurrent assets118
Total noncurrent assets:147
TOTAL ASSETS:1,042
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities55
Accounts payable9
Accrued liabilities46
Deferred revenue22
Debt1
Other liabilities2
Other undisclosed current liabilities416
Total current liabilities:496
Noncurrent Liabilities
Long-term debt and lease obligation136
Long-term debt, excluding current maturities136
Liabilities, other than long-term debt50
Accounts payable and accrued liabilities13
Deferred revenue20
Deferred income tax liabilities11
Other liabilities7
Other undisclosed noncurrent liabilities89
Total noncurrent liabilities:275
Total liabilities:771
Temporary equity, carrying amount593
Stockholders' equity
Stockholders' equity attributable to parent, including:(324)
Additional paid in capital160
Accumulated other comprehensive loss(2)
Accumulated deficit(482)
Other undisclosed stockholders' equity attributable to parent0
Stockholders' equity attributable to noncontrolling interest1
Total stockholders' equity:(322)
TOTAL LIABILITIES AND EQUITY:1,042

Income statement (P&L) ($ in millions)

12/31/2021
Revenues619
Premiums earned, net296
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 interest0
Other undisclosed net income attributable to parent15
Net loss available to common stockholders, diluted:(46)

Comprehensive Income ($ in millions)

12/31/2021
Net loss:(61)
Other comprehensive income0
Comprehensive loss:(61)
Comprehensive income, net of tax, attributable to noncontrolling interest0
Other undisclosed comprehensive income, net of tax, attributable to parent15
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.

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