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| Date | Value |
|---|---|
| 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 |