$HGTY
Hagerty, Inc.

2024 Q3 Form 10-Q Financial Statement

#000184077624000252 Filed on November 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2023 Q3
Revenue $323.4M $275.6M
YoY Change 17.35% 27.13%
Cost Of Revenue $99.43M $57.49M
YoY Change 72.97%
Gross Profit $223.9M $218.1M
YoY Change 2.68%
Gross Profit Margin 69.25% 79.14%
Selling, General & Admin $79.98M $69.90M
YoY Change 14.41% 2.87%
% of Gross Profit 35.71% 32.05%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.184M $10.75M
YoY Change -14.59% 20.96%
% of Gross Profit 4.1% 4.93%
Operating Expenses $79.98M $69.90M
YoY Change 14.41% 2.87%
Operating Profit $10.09M $16.12M
YoY Change -37.4% -175.94%
Interest Expense $8.359M $6.300M
YoY Change 32.68% -48.55%
% of Operating Profit 82.85% 39.09%
Other Income/Expense, Net $8.359M $6.260M
YoY Change 33.53% 845.62%
Pretax Income $17.99M $23.23M
YoY Change -22.57% -9.82%
Income Tax -$1.022M $4.604M
% Of Pretax Income -5.68% 19.82%
Net Earnings $19.01M $18.62M
YoY Change 2.06% 26.57%
Net Earnings / Revenue 5.88% 6.76%
Basic Earnings Per Share
Diluted Earnings Per Share $0.03 $0.04
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $147.1M $90.71M
Short-Term Investments
Other Short-Term Assets $78.00M $56.78M
YoY Change 37.36% 45.19%
Inventory $8.947M $1.897M
Prepaid Expenses
Receivables $93.49M $81.96M
Other Receivables
Total Short-Term Assets $1.009B $1.249B
YoY Change -19.21% 18.53%
LONG-TERM ASSETS
Property, Plant & Equipment $18.67M $21.52M
YoY Change -13.22% -23.54%
Goodwill $114.2M $114.2M
YoY Change -0.02% -0.72%
Intangibles $92.04M $95.78M
YoY Change -3.91% -5.67%
Long-Term Investments $533.8M
YoY Change
Other Assets $54.71M $37.96M
YoY Change 44.13% -85.57%
Total Long-Term Assets $809.1M $334.9M
YoY Change 141.61% 15.02%
TOTAL ASSETS
Total Short-Term Assets $1.009B $1.249B
Total Long-Term Assets $809.1M $334.9M
Total Assets $1.818B $1.584B
YoY Change 14.8% 17.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $67.93M $69.40M
YoY Change -2.12% 163.14%
Accrued Expenses $51.49M $58.60M
YoY Change -12.14% 21.66%
Deferred Revenue $38.89M $33.95M
YoY Change 14.54% 22.01%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.620M
YoY Change
Total Short-Term Liabilities $1.001B $890.6M
YoY Change 12.39% 23.61%
LONG-TERM LIABILITIES
Long-Term Debt $122.9M $75.76M
YoY Change 62.17% -44.29%
Other Long-Term Liabilities $4.199M $3.972M
YoY Change 5.72% -45.53%
Total Long-Term Liabilities $127.1M $79.74M
YoY Change 59.36% -65.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.001B $890.6M
Total Long-Term Liabilities $127.1M $79.74M
Total Liabilities $1.210B $1.105B
YoY Change 9.47% 15.72%
SHAREHOLDERS EQUITY
Retained Earnings -$455.1M -$483.6M
YoY Change -5.89% 8.52%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $148.3M $74.25M
YoY Change
Total Liabilities & Shareholders Equity $1.818B $1.584B
YoY Change 14.8% 17.77%

Cashflow Statement

Concept 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income $19.01M $18.62M
YoY Change 2.06% 26.57%
Depreciation, Depletion And Amortization $9.184M $10.75M
YoY Change -14.59% 20.96%
Cash From Operating Activities $67.39M $61.60M
YoY Change 9.39% 83.13%
INVESTING ACTIVITIES
Capital Expenditures $5.342M $5.300M
YoY Change 0.79% -144.5%
Acquisitions
YoY Change
Other Investing Activities -$77.21M $2.200M
YoY Change -3609.59% -115.06%
Cash From Investing Activities -$82.55M -$3.200M
YoY Change 2479.78% -87.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 23.67M -4.700M
YoY Change -603.53% -109.59%
NET CHANGE
Cash From Operating Activities 67.39M 61.60M
Cash From Investing Activities -82.55M -3.200M
Cash From Financing Activities 23.67M -4.700M
Net Change In Cash 8.500M 53.70M
YoY Change -84.17% -4.31%
FREE CASH FLOW
Cash From Operating Activities $67.39M $61.60M
Capital Expenditures $5.342M $5.300M
Free Cash Flow $62.05M $56.30M
YoY Change 10.2% 23.61%

Facts In Submission

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us-gaap Profit Loss
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us-gaap Preferred Stock Accretion Of Redemption Discount
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CY2023Q3 hgty Termination Of Member Hubs Holding Llc Joint Venture
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us-gaap Profit Loss
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us-gaap Preferred Stock Accretion Of Redemption Discount
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hgty Stock Issued During Period Value Employee Stock Purchase Plan Net Of Tax Withholdings
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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hgty Stock Issued During Period Value Exchange Of Units
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us-gaap Temporary Equity Stock Issued During Period Value New Issues
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us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
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hgty Termination Of Member Hubs Holding Llc Joint Venture
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hgty Reallocation Between Controlling And Non Controlling Interest
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CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Depreciation Depletion And Amortization
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us-gaap Depreciation Depletion And Amortization
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us-gaap Deferred Income Tax Expense Benefit
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us-gaap Operating Lease Impairment Loss
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hgty Gain Loss On Disposals Of Equipment Software And Other Assets
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hgty Gain Loss On Disposals Of Equipment Software And Other Assets
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us-gaap Gain Loss On Sale Of Other Assets
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us-gaap Gain Loss On Sale Of Other Assets
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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hgty Non Cash Lease Expense
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hgty Non Cash Lease Expense
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us-gaap Other Noncash Income Expense
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us-gaap Other Noncash Income Expense
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hgty Increase Decrease In Accounts Premiums And Commission Receivable
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hgty Increase Decrease In Accounts Premiums And Commission Receivable
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us-gaap Increase Decrease In Deferred Policy Acquisition Costs
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us-gaap Increase Decrease In Reinsurance Payables
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us-gaap Increase Decrease In Reinsurance Payables
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hgty Increase Decrease In Commissions Payable
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34582000 usd
hgty Increase Decrease In Ceded Premiums Payable
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45322000 usd
hgty Increase Decrease In Advanced Premiums
IncreaseDecreaseInAdvancedPremiums
10166000 usd
hgty Increase Decrease In Advanced Premiums
IncreaseDecreaseInAdvancedPremiums
11800000 usd
us-gaap Increase Decrease In Unearned Premiums
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68344000 usd
us-gaap Increase Decrease In Unearned Premiums
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100439000 usd
us-gaap Increase Decrease In Operating Lease Liability
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us-gaap Increase Decrease In Operating Lease Liability
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Payments To Acquire Equity Securities Fv Ni
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10602000 usd
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us-gaap Proceeds From Minority Shareholders
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hgty Payments Of Distributions To Noncontrolling Interest
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us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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323429000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:100%">Reclassifications</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:100%">— </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Certain prior period operating lease balances on the Condensed Consolidated Statements of Cash Flows originally reported within changes in "Other assets and liabilities, net" are now reported within "Non-cash lease expense" to conform to the current year presentation. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Further, in conjunction with Hagerty Re's investment diversification in the second quarter of 2024, prior period fixed maturity investment balances have been reclassified from "Other current assets" and "Other long-term assets" to "Investments" on the Condensed Consolidated Balance Sheets to conform to the current year presentation. Refer to Note 3 — Investments for additional information related to the Company's investment portfolio.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">These reclassifications had no effect on the Company's previously reported operating income, net income, earnings per share, cash flows, or retained earnings.</span></div>
us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:100%">Use of Estimates — </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">The preparation of the Condensed Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and the disclosure of contingent assets and liabilities as of the date of the Condensed Consolidated Financial Statements, as well as the reported amounts of revenue and expenses during the reporting period. Although the estimates are considered reasonable, actual results could materially differ from those estimates.</span></div>Significant estimates made by management include, but are not limited to: (i) the provision for unpaid losses and loss adjustment expenses, including incurred but not reported claims (see Note 11); (ii) the valuation of the Company's deferred income tax assets (see Note 20); (iii) the amount of the liability associated with the Tax Receivable Agreement ("TRA") (see Note 20); (iv) the fair values of the reporting units used in assessing the recoverability of goodwill; (v) the valuation and useful lives of intangible assets (see Note 10); and (vi) the fair value of the Company's previous warrant liabilities (see Note 4 and Note 17). Although some variability is inherent in these estimates, management believes that the current estimates are reasonable in all material respects. These estimates are reviewed regularly and adjusted, as necessary. Adjustments related to changes in estimates are reflected in the Company's results of operations in the period during which those estimates changed.
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
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us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
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us-gaap Capital Expenditures Incurred But Not Yet Paid
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us-gaap Capital Expenditures Incurred But Not Yet Paid
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us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
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hgty Noncash Transaction Termination Of Joint Venture
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hgty Noncash Transaction Warrants Exchange
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hgty Noncash Transaction Exchange Of Units
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hgty Noncash Transaction Exchange Of Units
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us-gaap Interest Paid Net
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us-gaap Interest Paid Net
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us-gaap Income Taxes Paid
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us-gaap Income Taxes Paid
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CY2024Q3 us-gaap Restricted Cash And Investments
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CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2024Q3 us-gaap Revenues
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CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
135789000 usd
CY2023Q3 us-gaap Premiums Earned Net
PremiumsEarnedNet
139785000 usd
CY2023Q3 us-gaap Revenues
Revenues
275574000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
433390000 usd
us-gaap Premiums Earned Net
PremiumsEarnedNet
474917000 usd
us-gaap Revenues
Revenues
908307000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
370672000 usd
us-gaap Premiums Earned Net
PremiumsEarnedNet
384498000 usd
us-gaap Revenues
Revenues
755170000 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
157688000 usd
CY2024Q3 us-gaap Premiums Earned Net
PremiumsEarnedNet
165686000 usd
CY2024Q3 us-gaap Revenues
Revenues
323374000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
135789000 usd
CY2023Q3 us-gaap Premiums Earned Net
PremiumsEarnedNet
139785000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
433390000 usd
us-gaap Premiums Earned Net
PremiumsEarnedNet
474917000 usd
us-gaap Revenues
Revenues
908307000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
370672000 usd
us-gaap Premiums Earned Net
PremiumsEarnedNet
384498000 usd
us-gaap Revenues
Revenues
755170000 usd
CY2024Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
13581000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
75891000 usd
CY2024Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
54724000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
47651000 usd
CY2024Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
511180000 usd
CY2024Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
11177000 usd
CY2024Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
145000 usd
CY2024Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
522212000 usd
CY2024Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
50130000 usd
CY2024Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
50247000 usd
CY2024Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
239695000 usd
CY2024Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
244116000 usd
CY2024Q3 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
76631000 usd
CY2024Q3 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
79357000 usd
CY2024Q3 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
8013000 usd
CY2024Q3 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
8368000 usd
CY2024Q3 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost
136711000 usd
CY2024Q3 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
140124000 usd
CY2024Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
511180000 usd
CY2024Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
522212000 usd
CY2024Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
9641000 usd
CY2023Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
7205000 usd
us-gaap Investment Income Interest
InvestmentIncomeInterest
30075000 usd
us-gaap Investment Income Interest
InvestmentIncomeInterest
18334000 usd
CY2024Q3 us-gaap Investment Income Dividend
InvestmentIncomeDividend
34000 usd
CY2023Q3 us-gaap Investment Income Dividend
InvestmentIncomeDividend
0 usd
us-gaap Investment Income Dividend
InvestmentIncomeDividend
58000 usd
us-gaap Investment Income Dividend
InvestmentIncomeDividend
0 usd
CY2024Q3 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
9675000 usd
CY2023Q3 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
7205000 usd
us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
30133000 usd
us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
18334000 usd
CY2024Q3 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
91000 usd
CY2023Q3 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
0 usd
us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
213000 usd
us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
0 usd
CY2024Q3 us-gaap Net Investment Income
NetInvestmentIncome
9584000 usd
CY2023Q3 us-gaap Net Investment Income
NetInvestmentIncome
7205000 usd
us-gaap Net Investment Income
NetInvestmentIncome
29920000 usd
us-gaap Net Investment Income
NetInvestmentIncome
18334000 usd
CY2024Q3 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
700000 usd
us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
731000 usd
CY2024Q3 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
574000 usd
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
1052000 usd
CY2024Q3 hgty Net Investment Gains Losses
NetInvestmentGainsLosses
1274000 usd
hgty Net Investment Gains Losses
NetInvestmentGainsLosses
1783000 usd
CY2024Q3 us-gaap Notes Receivable Net
NotesReceivableNet
74200000 usd
CY2024Q3 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
62500000 usd
CY2024Q3 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
11700000 usd
CY2023Q4 us-gaap Notes Receivable Net
NotesReceivableNet
52900000 usd
CY2023Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
35900000 usd
CY2023Q4 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
17000000 usd
CY2024Q3 us-gaap Notes Receivable Net
NotesReceivableNet
74184000 usd
CY2023Q4 us-gaap Notes Receivable Net
NotesReceivableNet
52914000 usd
CY2024Q3 hgty Loans And Leases Receivable Collateral For Secured Borrowings1
LoansAndLeasesReceivableCollateralForSecuredBorrowings1
139108000 usd
CY2023Q4 hgty Loans And Leases Receivable Collateral For Secured Borrowings1
LoansAndLeasesReceivableCollateralForSecuredBorrowings1
108496000 usd
CY2024Q3 hgty Aggregate Loan To Value Ratio
AggregateLoanToValueRatio
0.533
CY2023Q4 hgty Aggregate Loan To Value Ratio
AggregateLoanToValueRatio
0.488
CY2024Q3 hgty Prepaid Software Implementation Costs
PrepaidSoftwareImplementationCosts
36169000 usd
CY2023Q4 hgty Prepaid Software Implementation Costs
PrepaidSoftwareImplementationCosts
21941000 usd
CY2024Q3 hgty Prepaid Selling General And Administrative Expense
PrepaidSellingGeneralAndAdministrativeExpense
16744000 usd
CY2023Q4 hgty Prepaid Selling General And Administrative Expense
PrepaidSellingGeneralAndAdministrativeExpense
21300000 usd
CY2024Q3 us-gaap Prepaid Reinsurance Premiums
PrepaidReinsurancePremiums
21867000 usd
CY2023Q4 us-gaap Prepaid Reinsurance Premiums
PrepaidReinsurancePremiums
10474000 usd
CY2024Q3 us-gaap Other Investments
OtherInvestments
10332000 usd
CY2023Q4 us-gaap Other Investments
OtherInvestments
4363000 usd
CY2024Q3 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
9338000 usd
CY2023Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
8851000 usd
CY2024Q3 hgty Digital Media Content Assets
DigitalMediaContentAssets
7803000 usd
CY2023Q4 hgty Digital Media Content Assets
DigitalMediaContentAssets
2783000 usd
CY2024Q3 us-gaap Inventory Net
InventoryNet
8947000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
5038000 usd
CY2024Q3 hgty Deferred Financing Costs
DeferredFinancingCosts
3953000 usd
CY2023Q4 hgty Deferred Financing Costs
DeferredFinancingCosts
5053000 usd
CY2024Q3 us-gaap Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
3760000 usd
CY2023Q4 us-gaap Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
104000 usd
CY2024Q3 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
13792000 usd
CY2023Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
7419000 usd
CY2024Q3 us-gaap Other Assets
OtherAssets
132705000 usd
CY2023Q4 us-gaap Other Assets
OtherAssets
87326000 usd
CY2024Q3 us-gaap Income Tax Receivable
IncomeTaxReceivable
6700000 usd
CY2024Q3 hgty Collector Vehicles
CollectorVehicles
2500000 usd
CY2024Q3 us-gaap Reinsurance Recoverables Gross
ReinsuranceRecoverablesGross
2300000 usd
CY2023Q4 hgty Collector Vehicles
CollectorVehicles
2700000 usd
CY2023Q4 us-gaap Reinsurance Recoverables Gross
ReinsuranceRecoverablesGross
2200000 usd
CY2023Q4 hgty Derivative Asset Other
DerivativeAssetOther
2200000 usd
CY2024Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
1882000 usd
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
3172000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
5920000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
9472000 usd
CY2024Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
30000 usd
CY2023Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
131000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
100000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
347000 usd
CY2024Q3 us-gaap Variable Lease Cost
VariableLeaseCost
1475000 usd
CY2023Q3 us-gaap Variable Lease Cost
VariableLeaseCost
2031000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
3375000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
3680000 usd
CY2024Q3 us-gaap Sublease Income
SubleaseIncome
344000 usd
CY2023Q3 us-gaap Sublease Income
SubleaseIncome
202000 usd
us-gaap Sublease Income
SubleaseIncome
1000000 usd
us-gaap Sublease Income
SubleaseIncome
399000 usd
CY2024Q3 us-gaap Lease Cost
LeaseCost
3043000 usd
CY2023Q3 us-gaap Lease Cost
LeaseCost
5132000 usd
us-gaap Lease Cost
LeaseCost
8395000 usd
us-gaap Lease Cost
LeaseCost
13100000 usd
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
45916000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
50515000 usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6620000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6500000 usd
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
44866000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
50459000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
51486000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
56959000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1055000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
632000 usd
CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y4M20D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y3D
CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.049
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.048
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2262000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
8964000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
8292000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
7907000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
7903000 usd
CY2024Q3 hgty Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
28296000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
63624000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
12138000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
51486000 usd
CY2024Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
186443000 usd
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
170060000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
94408000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
78136000 usd
CY2024Q3 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
92035000 usd
CY2023Q4 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
91924000 usd
CY2024Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6200000 usd
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7100000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
20500000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
20900000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
6284000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
23032000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
16687000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
13110000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
8031000 usd
CY2024Q3 hgty Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
13603000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
80747000 usd
us-gaap Schedule Of Liability For Unpaid Claims And Claims Adjustment Expense
ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">The following table presents a reconciliation of the beginning and ending provision for unpaid losses and loss adjustment expenses related to Hagerty Re, net of amounts recoverable from various reinsurers:</span></div><div><span><br/></span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.761%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:33.761%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:13.761%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.762%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Nine months ended September 30,</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">2024</span></div></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">2023</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:100%">in thousands</span></td></tr><tr><td colspan="6" style="background-color:#cceeff;padding:2px 1pt;text-align:left;text-indent:-0.01pt;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Gross reserves for unpaid losses and loss adjustment expenses, beginning of year</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">136,507 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">111,741 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;text-indent:-0.01pt;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Less: Reinsurance recoverable on unpaid losses and loss adjustment expenses</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">2,235 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">843 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-indent:-0.01pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Net reserves for unpaid losses and loss adjustment expenses, beginning of year</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">134,272 </span></td><td style="background-color:#cceeff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">110,898 </span></td><td style="background-color:#cceeff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Incurred losses and loss adjustment expenses:</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="background-color:#cceeff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Current accident year</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">226,515 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">159,461 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Prior accident year</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="background-color:#cceeff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Total incurred losses and loss adjustment expenses</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">226,515 </span></td><td style="background-color:#cceeff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">159,461 </span></td><td style="background-color:#cceeff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Payments:</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="background-color:#cceeff;padding:2px 1pt 2px 11pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Current accident year</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">50,683 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">35,993 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt 2px 11pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Prior accident year</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">59,090 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">44,499 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="background-color:#cceeff;padding:2px 1pt 2px 21pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Total payments</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">109,773 </span></td><td style="background-color:#cceeff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">80,492 </span></td><td style="background-color:#cceeff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt 2px 11pt;text-align:left;text-indent:-10pt;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Effect of foreign currency rate changes</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">84 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">(42)</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:10pt;text-indent:-10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Net reserves for unpaid losses and loss adjustment expenses, end of period</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">251,098 </span></td><td style="background-color:#cceeff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">189,825 </span></td><td style="background-color:#cceeff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Reinsurance recoverable on unpaid losses and loss adjustment expenses</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">7,738 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">959 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="6" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Gross reserves for unpaid losses and loss adjustment expenses, end of period</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">258,836 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">190,784 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div>
CY2023Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
136507000 usd
CY2022Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
111741000 usd
CY2023Q4 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
2235000 usd
CY2022Q4 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
843000 usd
CY2023Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
134272000 usd
us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
226515000 usd
us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
159461000 usd
us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
0 usd
us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
0 usd
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
226515000 usd
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
159461000 usd
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1
50683000 usd
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1
35993000 usd
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
59090000 usd
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
44499000 usd
us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
109773000 usd
us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
80492000 usd
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Foreign Currency Translation Gain Loss
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseForeignCurrencyTranslationGainLoss
84000 usd
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Foreign Currency Translation Gain Loss
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseForeignCurrencyTranslationGainLoss
-42000 usd
CY2024Q3 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
251098000 usd
CY2023Q3 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
189825000 usd
CY2024Q3 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
7738000 usd
CY2023Q3 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
959000 usd
CY2024Q3 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
258836000 usd
CY2023Q3 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
190784000 usd
CY2024Q3 us-gaap Assumed Premiums Written
AssumedPremiumsWritten
199721000 usd
CY2023Q3 us-gaap Assumed Premiums Written
AssumedPremiumsWritten
178319000 usd
us-gaap Assumed Premiums Written
AssumedPremiumsWritten
574742000 usd
us-gaap Assumed Premiums Written
AssumedPremiumsWritten
498962000 usd
CY2024Q3 us-gaap Ceded Premiums Written
CededPremiumsWritten
9906000 usd
CY2023Q3 us-gaap Ceded Premiums Written
CededPremiumsWritten
5838000 usd
us-gaap Ceded Premiums Written
CededPremiumsWritten
42875000 usd
us-gaap Ceded Premiums Written
CededPremiumsWritten
28107000 usd
CY2024Q3 us-gaap Premiums Written Net
PremiumsWrittenNet
189815000 usd
CY2023Q3 us-gaap Premiums Written Net
PremiumsWrittenNet
172481000 usd
us-gaap Premiums Written Net
PremiumsWrittenNet
531867000 usd
us-gaap Premiums Written Net
PremiumsWrittenNet
470855000 usd
CY2024Q3 us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
176611000 usd
CY2023Q3 us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
146004000 usd
us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
506398000 usd
us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
398524000 usd
CY2024Q3 us-gaap Ceded Premiums Earned
CededPremiumsEarned
10925000 usd
CY2023Q3 us-gaap Ceded Premiums Earned
CededPremiumsEarned
6219000 usd
us-gaap Ceded Premiums Earned
CededPremiumsEarned
31481000 usd
us-gaap Ceded Premiums Earned
CededPremiumsEarned
14026000 usd
CY2024Q3 us-gaap Premiums Earned Net
PremiumsEarnedNet
165686000 usd
CY2023Q3 us-gaap Premiums Earned Net
PremiumsEarnedNet
139785000 usd
us-gaap Premiums Earned Net
PremiumsEarnedNet
474917000 usd
us-gaap Premiums Earned Net
PremiumsEarnedNet
384498000 usd
CY2024Q3 us-gaap Policyholder Benefits And Claims Incurred Gross
PolicyholderBenefitsAndClaimsIncurredGross
101254000 usd
CY2023Q3 us-gaap Policyholder Benefits And Claims Incurred Gross
PolicyholderBenefitsAndClaimsIncurredGross
58014000 usd
us-gaap Policyholder Benefits And Claims Incurred Gross
PolicyholderBenefitsAndClaimsIncurredGross
235390000 usd
us-gaap Policyholder Benefits And Claims Incurred Gross
PolicyholderBenefitsAndClaimsIncurredGross
159791000 usd
CY2024Q3 hgty Policyholder Benefits And Claims Incurred Ceded And Adjusted Expenses
PolicyholderBenefitsAndClaimsIncurredCededAndAdjustedExpenses
1824000 usd
CY2023Q3 hgty Policyholder Benefits And Claims Incurred Ceded And Adjusted Expenses
PolicyholderBenefitsAndClaimsIncurredCededAndAdjustedExpenses
529000 usd
hgty Policyholder Benefits And Claims Incurred Ceded And Adjusted Expenses
PolicyholderBenefitsAndClaimsIncurredCededAndAdjustedExpenses
8875000 usd
hgty Policyholder Benefits And Claims Incurred Ceded And Adjusted Expenses
PolicyholderBenefitsAndClaimsIncurredCededAndAdjustedExpenses
330000 usd
CY2024Q3 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
99430000 usd
CY2023Q3 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
57485000 usd
us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
226515000 usd
us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
159461000 usd
CY2024Q3 hgty Reinsurance Retention Policy Number Of Coverage Layers
ReinsuranceRetentionPolicyNumberOfCoverageLayers
2 letter_of_credit
us-gaap Reinsurance Retention Excess Retention Amount Reinsured Per Event
ReinsuranceRetentionExcessRetentionAmountReinsuredPerEvent
22000000 usd
us-gaap Reinsurance Retention Amount Retained Per Event
ReinsuranceRetentionAmountRetainedPerEvent
28000000 usd
us-gaap Reinsurance Retention Excess Retention Amount Reinsured Per Event
ReinsuranceRetentionExcessRetentionAmountReinsuredPerEvent
55000000 usd
us-gaap Reinsurance Retention Amount Retained Per Event
ReinsuranceRetentionAmountRetainedPerEvent
50000000 usd
us-gaap Reinsurance Retention Excess Retention Amount Reinsured Per Event
ReinsuranceRetentionExcessRetentionAmountReinsuredPerEvent
105000000 usd
CY2023Q1 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
5500000 usd
CY2023Q2 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
2800000 usd
CY2023Q2 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
2600000 usd
CY2023Q2 us-gaap Severance Costs1
SeveranceCosts1
200000 usd
CY2023Q3 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
500000 usd
CY2024Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
125022000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
134915000 usd
CY2024Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
1620000 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
3654000 usd
CY2024Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
535000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
581000 usd
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
122867000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
130680000 usd
CY2024Q3 hgty Number Of Letters Of Credit Authorized
NumberOfLettersOfCreditAuthorized
3 letter_of_credit
CY2024Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
11100000 usd
CY2024Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
345158709 shares
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
339978229 shares
CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
345158709 shares
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
339978229 shares
CY2024Q3 hgty Non Controlling Interest
NonControllingInterest
3200000 usd
CY2023Q3 hgty Non Controlling Interest
NonControllingInterest
2300000 usd
CY2024Q2 hgty Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right At Closing
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRightAtClosing
0.18 shares
CY2024Q3 hgty Class Of Warrant Converted Into Common Stock Percentage Higher Of Market Value
ClassOfWarrantConvertedIntoCommonStockPercentageHigherOfMarketValue
0.10
CY2024Q3 hgty Class Of Warrant Or Right Number Of Warrants Or Rights Exchanged
ClassOfWarrantOrRightNumberOfWarrantsOrRightsExchanged
19483539 shares
CY2024Q3 hgty Stock Issued During Period Value Warrant Exchange
StockIssuedDuringPeriodValueWarrantExchange
42600000 usd
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4092000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4935000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13018000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13157000 usd
CY2024Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
269783000 shares
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
290277000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
266081000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
285028000 shares
CY2024Q3 hgty Tax Receivable Agreement Tax Benefit Distributions To Noncontrolling Interest Holders Percent
TaxReceivableAgreementTaxBenefitDistributionsToNoncontrollingInterestHoldersPercent
0.85
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
16754000 usd
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
6539000 usd
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
360000 usd
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
377000 usd
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.01
us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
7992000 usd
us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.10
us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
-4961000 usd
us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
-0.17
us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-165000 usd
us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0
us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-219000 usd
us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.01
us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-1319000 usd
us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.02
us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-635000 usd
us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.02
hgty Effective Income Tax Rate Reconciliation Gain Loss Related To Warrant Amount
EffectiveIncomeTaxRateReconciliationGainLossRelatedToWarrantAmount
1794000 usd
hgty Effective Income Tax Rate Reconciliation Gain Loss Related To Warrant Percent
EffectiveIncomeTaxRateReconciliationGainLossRelatedToWarrantPercent
0.02
hgty Effective Income Tax Rate Reconciliation Gain Loss Related To Warrant Amount
EffectiveIncomeTaxRateReconciliationGainLossRelatedToWarrantAmount
298000 usd
hgty Effective Income Tax Rate Reconciliation Gain Loss Related To Warrant Percent
EffectiveIncomeTaxRateReconciliationGainLossRelatedToWarrantPercent
0.01
hgty Effective Income Tax Rate Reconciliation Permanent Items Amount
EffectiveIncomeTaxRateReconciliationPermanentItemsAmount
507000 usd
hgty Effective Income Tax Rate Reconciliation Permanent Items Percent
EffectiveIncomeTaxRateReconciliationPermanentItemsPercent
0.01
hgty Effective Income Tax Rate Reconciliation Permanent Items Amount
EffectiveIncomeTaxRateReconciliationPermanentItemsAmount
711000 usd
hgty Effective Income Tax Rate Reconciliation Permanent Items Percent
EffectiveIncomeTaxRateReconciliationPermanentItemsPercent
0.02
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-21000 usd
us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-30000 usd
us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9918000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.12
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12002000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.39
CY2024Q3 hgty Deferred Tax Assets Excess Tax Basis
DeferredTaxAssetsExcessTaxBasis
145300000 usd
CY2023Q4 hgty Deferred Tax Assets Excess Tax Basis
DeferredTaxAssetsExcessTaxBasis
146000000 usd
CY2024Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
171800000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
169600000 usd
CY2024Q3 hgty Tax Receivable Agreement Tax Benefit Distributions To Noncontrolling Interest Holders Percent
TaxReceivableAgreementTaxBenefitDistributionsToNoncontrollingInterestHoldersPercent
0.85
CY2024Q3 hgty Tax Receivable Agreement Tax Benefit Retained By Parent Percent
TaxReceivableAgreementTaxBenefitRetainedByParentPercent
0.15
CY2024Q3 hgty Tax Receivable Agreement Fair Value
TaxReceivableAgreementFairValue
1900000 usd
CY2023Q4 hgty Tax Receivable Agreement Fair Value
TaxReceivableAgreementFairValue
600000 usd
hgty Tax Receivable Agreement Increase In Taxable Income
TaxReceivableAgreementIncreaseInTaxableIncome
1300000 usd
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

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0001840776-24-000252-index-headers.html Edgar Link pending
0001840776-24-000252-index.html Edgar Link pending
0001840776-24-000252.txt Edgar Link pending
0001840776-24-000252-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
hgty-20240930.htm Edgar Link pending
hgty-20240930.xsd Edgar Link pending
hgty_09302024xex311.htm Edgar Link pending
hgty_09302024xexh103.htm Edgar Link pending
hgty_09302024xexh312.htm Edgar Link pending
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hgty-20240930_lab.xml Edgar Link unprocessable
hgty-20240930_pre.xml Edgar Link unprocessable
hgty-20240930_htm.xml Edgar Link completed
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