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

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-01-01 to 2026-06-30

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HAGERTY, INC. cash flow reconciliation, Jan 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.Unearned premiums → operating reconciliation: $186,159,000.00Accounts and premiums receivable → operating reconciliation: $128,383,000.00Deferred acquisition costs, net → operating reconciliation: $79,028,000.00Advance premiums → operating reconciliation: $21,920,000.00Depreciation and amortization → operating reconciliation: $19,422,000.00Share-based compensation expense → operating reconciliation: $9,710,000.00Non-cash lease expense → operating reconciliation: $4,174,000.00Reinsurance recoverables → operating reconciliation: $2,950,000.00Other → operating reconciliation: $795,000.00Loss on disposals of equipment, software, and other assets → operating reconciliation: $241,000.00operating reconciliation → Net cash from operating activities: $186,157,000.00operating reconciliation → Net income (loss): $4,704,000.00operating reconciliation → Ceding commissions payable: $80,032,000.00operating reconciliation → Due to insurers: $67,278,000.00operating reconciliation → Other assets and liabilities, net: $28,810,000.00operating reconciliation → Prepaid reinsurance premiums: $27,896,000.00operating reconciliation → Provision for deferred taxes: $26,199,000.00operating reconciliation → Losses payable and reserves for unpaid losses and loss adjustment expenses: $22,499,000.00operating reconciliation → Net investment gains: $4,890,000.00operating reconciliation → Amortization of gain on loss portfolio transfer: $2,940,000.00operating reconciliation → (Accretion) amortization of discount and premium, net: $1,377,000.00Proceeds from debt, net of issuance costs → financing reconciliation: $100,825,000.00Proceeds from loss portfolio transfer → financing reconciliation: $50,500,000.00Other financing activities → financing reconciliation: $309,000.00financing reconciliation → Net cash from financing activities: $65,336,000.00financing reconciliation → Repayments of debt: $61,806,000.00financing reconciliation → Claims payments made from loss portfolio transfer: $13,259,000.00financing reconciliation → Payment of Series A Convertible Preferred Stock dividends: $5,600,000.00financing reconciliation → Funding of employee tax obligations upon vesting of share-based payments: $3,251,000.00financing reconciliation → Funding of TRA Liability payments: $1,545,000.00financing reconciliation → Distributions paid to non-controlling interest unit holders: $837,000.00Net cash used in investing activities → investing reconciliation: $82,702,000.00Proceeds from maturities and sales of fixed maturity securities → investing reconciliation: $214,809,000.00Collection of notes receivable → investing reconciliation: $55,261,000.00Proceeds from sales of equity securities → investing reconciliation: $35,405,000.00investing reconciliation → Purchases of fixed maturity securities: $228,418,000.00investing reconciliation → Issuance of notes receivable: $92,151,000.00investing reconciliation → Purchases of equity securities: $51,041,000.00investing reconciliation → Capital expenditures: $15,954,000.00investing reconciliation → Other investing activities: $613,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $299,000,000.00Net cash from operating activities → Cash sources and uses: $186,157,000.00Net cash from financing activities → Cash sources and uses: $65,336,000.00Cash sources and uses → Exchange-rate effect: $156,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $467,635,000.00Cash sources and uses → Net cash used in investing activities: $82,702,000.00Net income (loss): -$4,704,000.00Net income (loss)−$4.70 MLoss on disposals of equipment, software, and other assets: $241,000.00Equipment & software loss+$241.00 KDepreciation and amortization: $19,422,000.00Depreciation & amortization+$19.42 MProvision for deferred taxes: -$26,199,000.00Deferred income taxes−$26.20 MShare-based compensation expense: $9,710,000.00Stock-based compensation+$9.71 MNon-cash lease expense: $4,174,000.00Non-cash lease expense+$4.17 MNet investment gains: -$4,890,000.00Net investment gains−$4.89 M(Accretion) amortization of discount and premium, net: -$1,377,000.00Discount & premium amortization−$1.38 MAmortization of gain on loss portfolio transfer: -$2,940,000.00Loss portfolio gain amort.−$2.94 MOther: $795,000.00Other non-cash items+$795.00 KAccounts and premiums receivable: $128,383,000.00Accounts and premiums receivable+$128.38 MDeferred acquisition costs, net: $79,028,000.00Deferred acquisition costs+$79.03 MReinsurance recoverables: $2,950,000.00Reinsurance recoverables+$2.95 MPrepaid reinsurance premiums: -$27,896,000.00Prepaid reinsurance premiums−$27.90 MAdvance premiums: $21,920,000.00Advance premiums+$21.92 MDue to insurers: -$67,278,000.00Due to insurers−$67.28 MLosses payable and reserves for unpaid losses and loss adjustment expenses: -$22,499,000.00Reinsurance payables−$22.50 MUnearned premiums: $186,159,000.00Unearned premiums+$186.16 MCeding commissions payable: -$80,032,000.00Ceding commissions payable−$80.03 MOther assets and liabilities, net: -$28,810,000.00Other working capital, net−$28.81 MChange in TRA Liability: $0.00Net cash from operating activities: $186,157,000.00Operating cash+$186.16 Moperating reconciliation: $452,782,000.00Repayments of debt: -$61,806,000.00Long-term debt repaid−$61.81 MProceeds from debt, net of issuance costs: $100,825,000.00Long-term debt issued+$100.83 MProceeds from loss portfolio transfer: $50,500,000.00Loss portfolio transfer proceeds+$50.50 MDistributions paid to non-controlling interest unit holders: -$837,000.00Unit holder distributions paid−$837.00 KFunding of TRA Liability payments: -$1,545,000.00Tax receivable liability paid−$1.55 MFunding of employee tax obligations upon vesting of share-based payments: -$3,251,000.00Stock-award tax withholding−$3.25 MClaims payments made from loss portfolio transfer: -$13,259,000.00Loss portfolio claims paid−$13.26 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 from financing activities: $65,336,000.00Financing cash+$65.34 Mfinancing reconciliation: $151,634,000.00Capital expenditures: -$15,954,000.00Capital expenditures−$15.95 MIssuance of notes receivable: -$92,151,000.00Notes receivable issued−$92.15 MCollection of notes receivable: $55,261,000.00Notes receivable collected+$55.26 MPurchases of fixed maturity securities: -$228,418,000.00HTM securities purchases−$228.42 MPurchases of equity securities: -$51,041,000.00Equity securities purchases−$51.04 MProceeds from maturities and sales of fixed maturity securities: $214,809,000.00HTM sales & maturities+$214.81 MOther investing activities: -$613,000.00Other investing, net−$613.00 KProceeds from sales of equity securities: $35,405,000.00Equity securities sales+$35.41 MNet cash used in investing activities: -$82,702,000.00. Cash required to fund net payments.Investing cash−$82.70 Minvesting reconciliation: $388,177,000.00Cash sources and uses: $550,493,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $299,000,000.00Beginning cash$299.00 MEnding cash: Cash, cash equivalents, and restricted cash: $467,635,000.00Ending cash$467.64 MExchange-rate effect: -$156,000.00FX effect−$156.00 KCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsNet loss −$4.70M + net operating adjustments $190.86M = operating cash +$186.16MFree cash flow$170.20 MOperating cash − cash spent on productive assetsCash flow / Net incomeNot meaningfulOperating cash flow ÷ net incomeNet cash change+$168.64 MEnding cash − beginning cash
Chart details

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

Cash flows for Jan 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. 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 Dec 31, 2025
299,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
186,157,000 US dollars. Net cash provided.
Net income (loss)
negative 4,704,000 US dollars
Loss on disposals of equipment, software, and other assets
241,000 US dollars
Depreciation and amortization
19,422,000 US dollars
Provision for deferred taxes
negative 26,199,000 US dollars
Share-based compensation expense
9,710,000 US dollars
Non-cash lease expense
4,174,000 US dollars
Net investment gains
negative 4,890,000 US dollars
(Accretion) amortization of discount and premium, net
negative 1,377,000 US dollars
Amortization of gain on loss portfolio transfer
negative 2,940,000 US dollars
Other
795,000 US dollars
Accounts and premiums receivable
128,383,000 US dollars
Deferred acquisition costs, net
79,028,000 US dollars
Reinsurance recoverables
2,950,000 US dollars
Prepaid reinsurance premiums
negative 27,896,000 US dollars
Advance premiums
21,920,000 US dollars
Due to insurers
negative 67,278,000 US dollars
Losses payable and reserves for unpaid losses and loss adjustment expenses
negative 22,499,000 US dollars
Unearned premiums
186,159,000 US dollars
Ceding commissions payable
negative 80,032,000 US dollars
Other assets and liabilities, net
negative 28,810,000 US dollars
Change in TRA Liability
0 US dollars
Investing activities
negative 82,702,000 US dollars. Net cash used.
Capital expenditures
negative 15,954,000 US dollars
Issuance of notes receivable
negative 92,151,000 US dollars
Collection of notes receivable
55,261,000 US dollars
Purchases of fixed maturity securities
negative 228,418,000 US dollars
Purchases of equity securities
negative 51,041,000 US dollars
Proceeds from maturities and sales of fixed maturity securities
214,809,000 US dollars
Other investing activities
negative 613,000 US dollars
Proceeds from sales of equity securities
35,405,000 US dollars
Financing activities
65,336,000 US dollars. Net cash provided.
Repayments of debt
negative 61,806,000 US dollars
Proceeds from debt, net of issuance costs
100,825,000 US dollars
Proceeds from loss portfolio transfer
50,500,000 US dollars
Distributions paid to non-controlling interest unit holders
negative 837,000 US dollars
Funding of TRA Liability payments
negative 1,545,000 US dollars
Funding of employee tax obligations upon vesting of share-based payments
negative 3,251,000 US dollars
Claims payments made from loss portfolio transfer
negative 13,259,000 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
452,782,000 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
151,634,000 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
388,177,000 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 156,000 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
550,493,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
168,635,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
Not meaningful. Operating cash flow divided by reconciliation net income for the same period. The ratio is not meaningful when net income is zero or negative.
Operating cash flow
186,157,000 US dollars. Operating cash flow used in the free cash flow calculation.
cash spent on productive assets
15,954,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
170,203,000 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 loss −$4.70M + net operating adjustments $190.86M = operating cash +$186.16M. The loss reduces the earnings basis of the reconciliation; it is not a cash payment. The signed loss remains a deduction at the operating reconciliation junction.
  • 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: 186,157,000 US dollars minus 15,954,000 US dollars equals 170,203,000 US dollars.
HAGERTY, INC. (HGTY) FY2026 YTD Q2 Statement of Cash Flows Sankey chart
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