Hagerty Inc
Hagerty, Inc. provides insurance services for collector cars and enthusiast vehicles in the United States. The company engages in the underwriting, selling, and servicing collector car and enthusiast vehicle insurance policies. It also provides Hagerty Drivers Club memberships, which are primarily bundled with insurance policies and give subscribers access to an array of products and services, su… Read more
Hagerty Inc (HGTY) - Net Assets
Latest net assets as of September 2025: $714.79 Million USD
Based on the latest financial reports, Hagerty Inc (HGTY) has net assets worth $714.79 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.15 Billion) and total liabilities ($1.44 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $714.79 Million |
| % of Total Assets | 33.22% |
| Annual Growth Rate | 36.49% |
| 5-Year Change | 346.22% |
| 10-Year Change | N/A |
| Growth Volatility | 45.95 |
Hagerty Inc - Net Assets Trend (2019–2024)
This chart illustrates how Hagerty Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hagerty Inc (2019–2024)
The table below shows the annual net assets of Hagerty Inc from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $523.51 Million | +6.11% |
| 2023-12-31 | $493.35 Million | +34.29% |
| 2022-12-31 | $367.37 Million | +35.66% |
| 2021-12-31 | $270.80 Million | +130.82% |
| 2020-12-31 | $117.32 Million | +6.21% |
| 2019-12-31 | $110.46 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hagerty Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 45197800000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $34.00K | 0.02% |
| Other Comprehensive Income | $-1.51 Million | -1.01% |
| Other Components | $603.78 Million | 401.66% |
| Total Equity | $150.32 Million | 100.00% |
Hagerty Inc Competitors by Market Cap
The table below lists competitors of Hagerty Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lifecome Biochemistry Co Ltd
SHE:002868
|
$486.53 Million |
|
Xinjiang Baodi Mining Co. Ltd. A
SHG:601121
|
$486.60 Million |
|
ITOCHU ENEX
F:96P
|
$486.72 Million |
|
TTY Biopharm Co Ltd
TWO:4105
|
$486.74 Million |
|
Fuan Pharmaceutical Group Co
SHE:300194
|
$486.41 Million |
|
momo.com Inc
TW:8454
|
$486.27 Million |
|
EcoRodovias Infraestrutura e Logística S.A
SA:ECOR3
|
$486.22 Million |
|
NMDC Steel Limited
NSE:NSLNISP
|
$486.20 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hagerty Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 175,540,000 to 150,322,000, a change of -25,218,000 (-14.4%).
- Net income of 17,017,000 contributed positively to equity growth.
- Dividend payments of 5,600,000 reduced retained earnings.
- Share repurchases of 5,836,000 reduced equity.
- Other comprehensive income decreased equity by 1,426,000.
- Other factors decreased equity by 29,373,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $17.02 Million | +11.32% |
| Dividends Paid | $5.60 Million | -3.73% |
| Share Repurchases | $5.84 Million | -3.88% |
| Other Comprehensive Income | $-1.43 Million | -0.95% |
| Other Changes | $-29.37 Million | -19.54% |
| Total Change | $- | -14.37% |
Book Value vs Market Value Analysis
This analysis compares Hagerty Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 6.18x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 7.82x to 6.18x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $1.34 | $10.49 | x |
| 2020-12-31 | $1.42 | $10.49 | x |
| 2021-12-31 | $-3.93 | $10.49 | x |
| 2022-12-31 | $0.18 | $10.49 | x |
| 2023-12-31 | $0.52 | $10.49 | x |
| 2024-12-31 | $1.70 | $10.49 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hagerty Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.32%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.43%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 11.37x
- Recent ROE (11.32%) is below the historical average (14.91%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 3.81% | 1.06% | 0.90x | 4.01x | $-6.84 Million |
| 2020 | 8.67% | 2.04% | 0.82x | 5.21x | $-1.55 Million |
| 2021 | 0.00% | -8.04% | 0.55x | 0.00x | $-13.98 Million |
| 2022 | 54.14% | 3.87% | 0.63x | 22.15x | $26.15 Million |
| 2023 | 11.53% | 2.00% | 0.64x | 9.05x | $2.68 Million |
| 2024 | 11.32% | 1.43% | 0.70x | 11.37x | $1.98 Million |
Industry Comparison
This section compares Hagerty Inc's net assets metrics with peer companies in the Insurance - Property & Casualty industry.
Industry Context
- Industry: Insurance - Property & Casualty
- Average net assets among peers: $3,948,110,200
- Average return on equity (ROE) among peers: 16.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hagerty Inc (HGTY) | $714.79 Million | 3.81% | 2.01x | $486.52 Million |
| American Coastal Insurance Corp (ACIC) | $45.29 Million | -2.04% | 3.72x | $250.00 Million |
| American Financial Group Inc (AFG) | $1.95 Billion | -0.76% | 7.91x | $8.54 Billion |
| AmTrust Financial Services Inc Pref Series A (AFSIA) | $118.83 Million | 11.87% | 3.19x | $1.69 Billion |
| Aspen Insurance Holdings Limited (AHL) | $2.39 Billion | 15.82% | 1.78x | $14.67 Million |
| American Integrity Insurance Group, Inc. (AII) | $337.02 Million | 29.56% | 2.63x | $227.08 Million |
| Assurant Inc (AIZ) | $3.37 Billion | 2.66% | 6.24x | $10.74 Billion |
| The Allstate Corporation (ALL) | $30.61 Billion | 33.59% | 2.91x | $53.61 Billion |
| Admiral Group plc (AMIGF) | $68.95 Million | 44.87% | 4.47x | $10.33 Billion |
| Ategrity Specialty Insurance Company Holdings (ASIC) | $398.81 Million | 11.81% | 1.82x | $155.46 Million |
| Bowhead Specialty Holdings Inc. (BOW) | $192.08 Million | 13.04% | 4.35x | $707.67 Million |