Hagerty (HGTY) Operating Expenses (2021 - 2026)
Hagerty (HGTY) posted Operating Expenses of $331.4 million for Q1 2026, down 7.09% sequentially from $356.7 million in Q4 2025, and up 12.13% YoY from $295.6 million in Q1 2025.
Hagerty (HGTY) Operating Expenses (2021 - 2026) Analysis & Trends
Hagerty has reported Operating Expenses for 6 years, with the latest figure at $331.4 million in Q1 2026.
- Quarterly Operating Expenses rose 12.13% year-over-year to $331.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.4 billion (up 15.84% YoY) and the FY2025 annual result came in at $1.3 billion, up 16.22% from the prior year.
- Operating Expenses eased to $331.4 million in Q1 2026 per HGTY's latest filing, from $356.7 million in the prior quarter.
- Over five years, Operating Expenses peaked at $356.7 million in Q4 2025 and troughed at $180.8 million in Q1 2022.
- A 5-year average of $271.8 million and a median of $259.5 million in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses jumped 43.08% in 2022, then rose 4.87% in 2023.
- Over 5 years, Operating Expenses stood at $232.7 million in 2022, then increased by 4.87% to $244.1 million in 2023, then gained by 16.96% to $285.4 million in 2024, then climbed by 24.95% to $356.7 million in 2025, then decreased by 7.09% to $331.4 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $331.4 million, $356.7 million, and $345.7 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 134.97 Bn | 121.21 Bn | 9.13 Bn | 12.19 Bn |
| 2 | Progressive | 124.79 Bn | 119.79 Bn | 9.04 Bn | 19.40 Bn |
| 3 | Travelers Companies | 79.39 Bn | 55.63 Bn | 4.83 Bn | 9.39 Bn |
| 4 | Allstate | 68.10 Bn | 29.37 Bn | 16.28 Bn | 14.45 Bn |
| 5 | Fairfax Financial Holdings | 35.48 Bn | 35.48 Bn | - | -134.80 Mn |
| 6 | Cincinnati Financial | 26.76 Bn | 24.87 Bn | 2.39 Bn | 2.70 Bn |
| 7 | Loews | 23.30 Bn | 996.48 Mn | 2.57 Bn | 4.12 Bn |
| 8 | Markel | 23.24 Bn | 6.35 Bn | 2.83 Bn | 3.63 Bn |
| 9 | Assurant | 14.10 Bn | 12.07 Bn | 2.71 Bn | 3.08 Bn |
| 10 | Hagerty | 1.32 Bn | 1.02 Bn | 244.11 Mn | 352.59 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 352.59 Mn |
| Mar 31, 2026 | 331.39 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 | 244.06 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 |