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| 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 |