profit from every $100 of sales.
$0$100
Hagerty
$16.17+2.34% today
+20.0% in 1 year
1-year low $9.671-year high $18.71
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
You pay $116.42 for every $1 of profit it makes in a year.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What Hagerty sold, what it kept, and what it did with the cash.
Sales went from $829 million in 2022 to $1.46 billion in 2025, with $49.0 million of profit last year.
SalesProfit
Hagerty handed back 3% of the cash it generated last year.
Buybacks $6M
Free cash flow 2025$194M
Bought back its own shares$6M
Paid as dividends–
Cash vs. debt$160M vs. $178M
Hagerty vs. similar companies
Hagerty grows the fastest of these 5 and is the most expensive for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Hagerty | 116.4× · Very expensive | ||
 Chubb | 13.9× · Cheap | ||
 The Progressive | 12.1× · Cheap | ||
 Tokio Marine Holdings | 15.9× · Fair price | ||
 The Travelers Companies | 13.1× · Cheap |
AI analysis
An AI analyst reads Hagerty's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 500 | 619 | 829 | 1,039 | 1,233 | 1,456 | |
| – | – | – | – | – | – | |
| 16 | -10 | -68 | 10 | 66 | – | |
| 28 | 12 | – | 95 | 137 | 185 | |
| 10 | -46 | 32 | 20 | 17 | 49 | |
| – | – | -0.07 | 0.09 | 0.10 | 0.37 | |
| – | – | – | – | – | – | |
| 3.2% | -1.6% | -8.1% | 1.0% | 5.4% | – | |
| 2.0% | -7.5% | 3.9% | 1.9% | 1.4% | 3.4% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 611 | 1,042 | 1,313 | 1,588 | 1,709 | 2,094 |
| Cash | 38 | 275 | 95 | 108 | 105 | 160 |
| Total debt | 70 | 137 | 189 | 181 | 106 | 178 |
| Total liabilities | – | – | 945 | 1,178 | 1,186 | 1,434 |
| -0 | -324 | 59 | 93 | 150 | 221 | |
| – | – | 336 | 340 | 89 | 347 | |
| 17.9% | – | – | 14.1% | 30.2% | 29.3% | |
| -691,564.6% | 14.3% | 54.1% | 21.8% | 11.3% | 22.1% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 85 | 42 | 55 | 134 | 177 | 219 | |
| 38 | 43 | 44 | 26 | 21 | 25 | |
| 46 | -1 | 11 | 107 | 156 | 194 | |
| Dividends paid | – | – | 0 | 0 | – | – |
| – | – | 0 | 0 | 6 | 6 | |
| – | 0 | 12 | 18 | 17 | 19 |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- 116.4×
- 158.3×
- –
- 24.2×
- 3.9×
- 0.9%
- 0.0%
Profitability
- 3.4%
- 30.0%
- 25.1%
- 14.5%
- 1.8%
Growth
- +23.9%
- –
- –
- +1.1%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 4%of 848
Bottom 19%of 728
Bottom 2%of 880
Top 20%of 878
Bottom 36%of 932
What analysts expect
- Average price target
- $14.33
- Range
- $13.00 – $15.00
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 6, 2026 | -0.04 | 0.01 | −500.0% |
| Feb 26, 2026 | 0.08 | 0.04 | +100.0% |
| Nov 4, 2025 | 0.13 | 0.09 | +44.4% |
| Aug 4, 2025 | 0.13 | 0.11 | +18.2% |
| May 7, 2025 | 0.08 | 0.02 | +300.0% |
| Mar 4, 2025 | 0.02 | 0.01 | +100.0% |
| Nov 7, 2024 | 0.05 | 0.08 | −37.5% |
| Aug 6, 2024 | 0.09 | 0.38 | −76.3% |
News
Hagerty slips 12% after pricing an upsized secondary offering at $14.85 per shareSeeking Alpha · Nov 11, 2026Hagerty raises 2026 adjusted EBITDA outlook to $305M-$315M while targeting 3 million policies in force by 2030Seeking Alpha · Nov 4, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
4/7Passes 4 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
63Pass
Benjamin Graham
30No pass
Philip Fisher
59No pass
Peter Lynch
75Pass
Joel Greenblatt
27No pass
Charlie Munger
60Pass
Terry Smith
63Pass
Questions about Hagerty
Is Hagerty a good stock to buy?
A business with weak numbers, priced as if everything goes right. 4 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Hagerty AI analysis
What does Hagerty do?
Hagerty, Inc. provides insurance services for collector cars and enthusiast vehicles in the United States, Canada, and the United Kingdom. It operates through Insurance and Marketplace segments. It is in Insurance - Property & Casualty, based in Traverse City, MI, United States, with 1,891 employees.
Does Hagerty pay a dividend?
No. Hagerty does not pay a dividend at the moment; in 2025 it returned $5.60 million to shareholders by buying back its own shares.
Is Hagerty stock halal?
No. Hagerty does not pass our halal screen: its main business, conventional insurance, is not permitted. How we check
How has Hagerty stock done over the past year?
Up 20.0% over the past twelve months, to $16.17. It traded between $9.67 and $18.71 and is 13.6% below its high.
Who are Hagerty's competitors?
The largest listed companies in the same industry are Chubb, The Progressive, Tokio Marine Holdings and The Travelers Companies. The peers table on this page compares their profit, growth and price with Hagerty's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.