Hagerty (HGTY) Operating Expenses (2021 - 2026)

Hagerty (HGTY) posted Operating Expenses of $332.8 million for Q1 2026, down 6.7% sequentially from $356.7 million in Q4 2025, and up 12.59% YoY from $295.6 million in Q1 2025.

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

Hagerty (HGTY) has 6 years of Operating Expenses data on file, last reported at $332.8 million in Q1 2026.

  • Quarterly Operating Expenses rose 12.59% year-over-year to $332.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.4 billion (up 15.96% YoY) and the FY2025 annual result came in at $1.3 billion, up 16.22% from the prior year.
  • Operating Expenses fell to $332.8 million in Q1 2026 per HGTY's latest filing, from $356.7 million in the prior quarter.
  • The five-year high for Operating Expenses was $356.7 million in Q4 2025, with the low at $180.8 million in Q1 2022.
  • Average Operating Expenses over 5 years is $271.6 million, with a median of $259.5 million recorded in 2024.
  • Year-over-year, Operating Expenses soared 43.08% in 2022 and rose 2.44% in 2023.
  • Hagerty's Operating Expenses stood at $232.7 million in 2022, then rose by 2.44% to $238.4 million in 2023, then advanced by 19.72% to $285.4 million in 2024, then grew by 24.95% to $356.7 million in 2025, then slipped by 6.7% to $332.8 million in 2026.
  • Business Quant data shows HGTY's Operating Expenses at $332.8 million in Q1 2026, $356.7 million in Q4 2025, and $345.7 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Markel 7,105.55 Bn 7,090.09 Bn 2.38 Bn 3.10 Bn
2 Progressive 131.92 Bn 127.57 Bn 8.36 Bn 18.62 Bn
3 Chubb 78.78 Bn 71.35 Bn 8.64 Bn 11.78 Bn
4 Cincinnati Financial 74.32 Bn 73.06 Bn 2.60 Bn 2.54 Bn
5 Travelers Companies 72.03 Bn 48.11 Bn 5.54 Bn 9.81 Bn
6 Allstate 63.08 Bn 38.49 Bn 14.72 Bn 13.83 Bn
7 Fairfax Financial Holdings 34.53 Bn 39.18 Bn - -108.20 Mn
8 Loews 23.53 Bn 11.27 Bn -1.32 Bn 4.09 Bn
9 Selective Insurance 20.82 Bn 19.07 Bn 543.42 Mn 17.90 Mn
10 Hagerty 1.22 Bn 1.43 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