HAGERTY, INC. (HGTY) FY2026 Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-04-01 to 2026-06-30

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HAGERTY, INC. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income (loss) → Net cash from operating activities: $8,041,000.00Unearned premiums → Operating adjustments reconciliation: $90,214,000.00Deferred acquisition costs, net → Operating adjustments reconciliation: $43,356,000.00Losses payable and reserves for unpaid losses and loss adjustment expenses → Operating adjustments reconciliation: $37,718,000.00Other assets and liabilities, net → Operating adjustments reconciliation: $17,296,000.00Due to insurers → Operating adjustments reconciliation: $13,163,000.00Depreciation and amortization → Operating adjustments reconciliation: $9,716,000.00Share-based compensation expense → Operating adjustments reconciliation: $5,093,000.00Ceding commissions payable → Operating adjustments reconciliation: $4,263,000.00Non-cash lease expense → Operating adjustments reconciliation: $2,066,000.00Other → Operating adjustments reconciliation: $220,000.00Loss on disposals of equipment, software, and other assets → Operating adjustments reconciliation: $28,000.00Operating adjustments reconciliation → Net cash from operating activities: $161,863,000.00Operating adjustments reconciliation → Accounts and premiums receivable: $29,253,000.00Operating adjustments reconciliation → Provision for deferred taxes: $12,671,000.00Operating adjustments reconciliation → Prepaid reinsurance premiums: $9,441,000.00Operating adjustments reconciliation → Net investment gains: $7,179,000.00Operating adjustments reconciliation → Amortization of gain on loss portfolio transfer: $1,632,000.00Operating adjustments reconciliation → Advance premiums: $592,000.00Operating adjustments reconciliation → Reinsurance recoverables: $483,000.00Operating adjustments reconciliation → (Accretion) amortization of discount and premium, net: $19,000.00Proceeds from maturities and sales of fixed maturity securities → investing reconciliation: $47,272,000.00Collection of notes receivable → investing reconciliation: $41,247,000.00investing reconciliation → Purchases of fixed maturity securities: $78,436,000.00investing reconciliation → Issuance of notes receivable: $44,018,000.00investing reconciliation → Capital expenditures: $8,242,000.00investing reconciliation → Other investing activities: $600,000.00Net cash used in financing activities → financing reconciliation: $25,703,000.00Proceeds from debt, net of issuance costs → financing reconciliation: $42,914,000.00Other financing activities → financing reconciliation: $309,000.00financing reconciliation → Repayments of debt: $55,647,000.00financing reconciliation → Payment of Series A Convertible Preferred Stock dividends: $5,600,000.00financing reconciliation → Claims payments made from loss portfolio transfer: $4,011,000.00financing reconciliation → Funding of employee tax obligations upon vesting of share-based payments: $3,190,000.00financing reconciliation → Distributions paid to non-controlling interest unit holders: $478,000.00Net cash used in investing activities → investing reconciliation: $42,777,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $366,733,000.00Net cash from operating activities → Cash sources and uses: $169,904,000.00Cash sources and uses → Exchange-rate effect: $522,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $467,635,000.00Cash sources and uses → Net cash used in investing activities: $42,777,000.00Cash sources and uses → Net cash used in financing activities: $25,703,000.00Net income (loss): $8,041,000.00Net income (loss)+$8.04 MLoss on disposals of equipment, software, and other assets: $28,000.00Equipment & software loss+$28.00 KDepreciation and amortization: $9,716,000.00Depreciation & amortization+$9.72 MProvision for deferred taxes: -$12,671,000.00Deferred income taxes−$12.67 MShare-based compensation expense: $5,093,000.00Stock-based compensation+$5.09 MNon-cash lease expense: $2,066,000.00Non-cash lease expense+$2.07 MNet investment gains: -$7,179,000.00Net investment gains−$7.18 M(Accretion) amortization of discount and premium, net: -$19,000.00Discount & premium amortization−$19.00 KAmortization of gain on loss portfolio transfer: -$1,632,000.00Loss portfolio gain amort.−$1.63 MOther: $220,000.00Other non-cash items+$220.00 KAccounts and premiums receivable: -$29,253,000.00Accounts and premiums receivable−$29.25 MDeferred acquisition costs, net: $43,356,000.00Deferred acquisition costs+$43.36 MReinsurance recoverables: -$483,000.00Reinsurance recoverables−$483.00 KPrepaid reinsurance premiums: -$9,441,000.00Prepaid reinsurance premiums−$9.44 MAdvance premiums: -$592,000.00Advance premiums−$592.00 KDue to insurers: $13,163,000.00Due to insurers+$13.16 MLosses payable and reserves for unpaid losses and loss adjustment expenses: $37,718,000.00Reinsurance payables+$37.72 MUnearned premiums: $90,214,000.00Unearned premiums+$90.21 MCeding commissions payable: $4,263,000.00Ceding commissions payable+$4.26 MOther assets and liabilities, net: $17,296,000.00Other working capital, net+$17.30 MChange in TRA Liability: $0.00Net cash from operating activities: $169,904,000.00Operating cash+$169.90 MOperating adjustments reconciliation: $223,133,000.00Repayments of debt: -$55,647,000.00Long-term debt repaid−$55.65 MProceeds from debt, net of issuance costs: $42,914,000.00Long-term debt issued+$42.91 MProceeds from loss portfolio transfer: $0.00Distributions paid to non-controlling interest unit holders: -$478,000.00Unit holder distributions paid−$478.00 KFunding of TRA Liability payments: $0.00Funding of employee tax obligations upon vesting of share-based payments: -$3,190,000.00Stock-award tax withholding−$3.19 MClaims payments made from loss portfolio transfer: -$4,011,000.00Loss portfolio claims paid−$4.01 MPayment of Series A Convertible Preferred Stock dividends: -$5,600,000.00Preferred dividends paid−$5.60 MOther financing activities: $309,000.00Other financing, net+$309.00 KNet cash used in financing activities: -$25,703,000.00. Cash required to fund net payments.Financing cash−$25.70 Mfinancing reconciliation: $68,926,000.00Capital expenditures: -$8,242,000.00Capital expenditures−$8.24 MIssuance of notes receivable: -$44,018,000.00Notes receivable issued−$44.02 MCollection of notes receivable: $41,247,000.00Notes receivable collected+$41.25 MPurchases of fixed maturity securities: -$78,436,000.00HTM securities purchases−$78.44 MPurchases of equity securities: $0.00Proceeds from maturities and sales of fixed maturity securities: $47,272,000.00HTM sales & maturities+$47.27 MOther investing activities: -$600,000.00Other investing, net−$600.00 KProceeds from sales of equity securities: $0.00Net cash used in investing activities: -$42,777,000.00. Cash required to fund net payments.Investing cash−$42.78 Minvesting reconciliation: $131,296,000.00Cash sources and uses: $536,637,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $366,733,000.00Beginning cash$366.73 MEnding cash: Cash, cash equivalents, and restricted cash: $467,635,000.00Ending cash$467.64 MExchange-rate effect: -$522,000.00FX effect−$522.00 KCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$161.66 MOperating cash − cash spent on productive assetsCash flow / Net income21.13×Operating cash flow ÷ net incomeNet cash change+$100.90 MEnding cash − beginning cash
Chart details

HAGERTY, INC. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026

Cash flows for Apr 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 31, 2026. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Mar 31, 2026
366,733,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
169,904,000 US dollars. Net cash provided.
Net income (loss)
8,041,000 US dollars
Loss on disposals of equipment, software, and other assets
28,000 US dollars
Depreciation and amortization
9,716,000 US dollars
Provision for deferred taxes
negative 12,671,000 US dollars
Share-based compensation expense
5,093,000 US dollars
Non-cash lease expense
2,066,000 US dollars
Net investment gains
negative 7,179,000 US dollars
(Accretion) amortization of discount and premium, net
negative 19,000 US dollars
Amortization of gain on loss portfolio transfer
negative 1,632,000 US dollars
Other
220,000 US dollars
Accounts and premiums receivable
negative 29,253,000 US dollars
Deferred acquisition costs, net
43,356,000 US dollars
Reinsurance recoverables
negative 483,000 US dollars
Prepaid reinsurance premiums
negative 9,441,000 US dollars
Advance premiums
negative 592,000 US dollars
Due to insurers
13,163,000 US dollars
Losses payable and reserves for unpaid losses and loss adjustment expenses
37,718,000 US dollars
Unearned premiums
90,214,000 US dollars
Ceding commissions payable
4,263,000 US dollars
Other assets and liabilities, net
17,296,000 US dollars
Change in TRA Liability
0 US dollars
Investing activities
negative 42,777,000 US dollars. Net cash used.
Capital expenditures
negative 8,242,000 US dollars
Issuance of notes receivable
negative 44,018,000 US dollars
Collection of notes receivable
41,247,000 US dollars
Purchases of fixed maturity securities
negative 78,436,000 US dollars
Purchases of equity securities
0 US dollars
Proceeds from maturities and sales of fixed maturity securities
47,272,000 US dollars
Other investing activities
negative 600,000 US dollars
Proceeds from sales of equity securities
0 US dollars
Financing activities
negative 25,703,000 US dollars. Net cash used.
Repayments of debt
negative 55,647,000 US dollars
Proceeds from debt, net of issuance costs
42,914,000 US dollars
Proceeds from loss portfolio transfer
0 US dollars
Distributions paid to non-controlling interest unit holders
negative 478,000 US dollars
Funding of TRA Liability payments
0 US dollars
Funding of employee tax obligations upon vesting of share-based payments
negative 3,190,000 US dollars
Claims payments made from loss portfolio transfer
negative 4,011,000 US dollars
Payment of Series A Convertible Preferred Stock dividends
negative 5,600,000 US dollars
Other financing activities
309,000 US dollars
Operating adjustment reconciliation
223,133,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
68,926,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
131,296,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 522,000 US dollars
Ending cash on Jun 30, 2026
467,635,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
536,637,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
100,902,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
21.13×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
169,904,000 US dollars. Operating cash flow used in the free cash flow calculation.
cash spent on productive assets
8,242,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
161,662,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $161.86M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash spent on productive assets equals free cash flow: 169,904,000 US dollars minus 8,242,000 US dollars equals 161,662,000 US dollars.
HAGERTY, INC. (HGTY) FY2026 Q2 Statement of Cash Flows Sankey chart
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