Hagerty (HGTY) Operating Expenses (2021 - 2026)

Hagerty's (HGTY) quarterly Operating Expenses came in at $332.8 million in Q1 2026, up 12.59% year-on-year from $295.6 million in Q1 2025, and down 6.7% quarter-over-quarter from $356.7 million in Q4 2025.

Hagerty (HGTY) Operating Expenses (2021 - 2026) Analysis & Trends

Hagerty has disclosed Operating Expenses across 6 years of filings, most recently posting $332.8 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $332.8 million, up 12.59% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.4 billion (up 15.96% YoY), and the FY2025 annual result was $1.3 billion, up 16.22% from the prior year.
  • Operating Expenses came in at $332.8 million for Q1 2026 at Hagerty, down from $356.7 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $356.7 million in Q4 2025 to a low of $180.8 million in Q1 2022.
  • The 5-year median for Operating Expenses is $259.5 million (2024), against an average of $271.6 million.
  • Across the five-year window, Operating Expenses surged 43.08% in 2022 and advanced 2.44% in 2023, its largest moves.
  • Hagerty's Operating Expenses stood at $232.7 million in 2022, then climbed by 2.44% to $238.4 million in 2023, then increased by 19.72% to $285.4 million in 2024, then gained by 24.95% to $356.7 million in 2025, then fell by 6.7% to $332.8 million in 2026.
  • The last three Operating Expenses figures came in at $332.8 million (Q1 2026), $356.7 million (Q4 2025), and $345.7 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Chubb 127.40 Bn 119.98 Bn 8.64 Bn 11.78 Bn
2 Progressive 119.47 Bn 115.12 Bn 8.36 Bn 18.62 Bn
3 Travelers Companies 65.26 Bn 41.34 Bn 5.54 Bn 9.81 Bn
4 Allstate 57.33 Bn 32.74 Bn 14.72 Bn 13.83 Bn
5 Berkley W R 26.90 Bn 23.16 Bn 2.72 Bn 3.07 Bn
6 Cincinnati Financial 25.67 Bn 24.41 Bn 2.60 Bn 2.54 Bn
7 Markel 22.97 Bn 7.51 Bn 2.38 Bn 3.10 Bn
8 Loews 22.18 Bn 9.92 Bn -1.32 Bn 4.09 Bn
9 Assurant 12.79 Bn 10.87 Bn 2.01 Bn 3.08 Bn
10 Hagerty 1.06 Bn 1.27 Bn - 332.77 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 332.77 Mn
Dec 31, 2025 356.67 Mn
Sep 30, 2025 345.68 Mn
Jun 30, 2025 321.00 Mn
Mar 31, 2025 295.55 Mn
Dec 31, 2024 285.44 Mn
Sep 30, 2024 313.29 Mn
Jun 30, 2024 275.16 Mn
Mar 31, 2024 259.48 Mn
Dec 31, 2023 238.42 Mn
Sep 30, 2023 259.46 Mn
Jun 30, 2023 243.99 Mn
Mar 31, 2023 234.84 Mn
Dec 31, 2022 232.73 Mn
Sep 30, 2022 237.98 Mn
Jun 30, 2022 203.63 Mn
Mar 31, 2022 180.82 Mn
Dec 31, 2021 175.39 Mn
Sep 30, 2021 166.33 Mn
Jun 30, 2021 153.14 Mn