Hagerty Inc
NYSE:HGTY
Income Statement
Earnings Waterfall
Hagerty Inc
Revenue
|
1B
USD
|
Operating Expenses
|
-977m
USD
|
Operating Income
|
23.2m
USD
|
Other Expenses
|
-7.4m
USD
|
Net Income
|
15.9m
USD
|
Income Statement
Hagerty Inc
Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Gross Premiums Earned |
619
|
490
|
696
|
745
|
788
|
838
|
893
|
952
|
1 000
|
|
Revenue |
619
N/A
|
490
-21%
|
696
+42%
|
780
+12%
|
822
+5%
|
873
+6%
|
928
+6%
|
952
+3%
|
1 000
+5%
|
|
Operating Income | ||||||||||
Operating Expenses |
(629)
|
(523)
|
(726)
|
(798)
|
(837)
|
(904)
|
(941)
|
(958)
|
(977)
|
|
Selling, General & Administrative |
(485)
|
(399)
|
(556)
|
(596)
|
(621)
|
(651)
|
(672)
|
(690)
|
(711)
|
|
Depreciation & Amortization |
(22)
|
(20)
|
(28)
|
(31)
|
(34)
|
(41)
|
(43)
|
(45)
|
(46)
|
|
Benefits Claims Loss Adjustment |
(122)
|
(104)
|
(142)
|
(171)
|
(182)
|
(194)
|
(209)
|
(206)
|
(221)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
(18)
|
(18)
|
(18)
|
0
|
|
Operating Income |
(10)
N/A
|
(32)
-219%
|
(30)
+7%
|
(18)
+39%
|
(15)
+20%
|
(31)
-112%
|
(13)
+57%
|
(6)
+55%
|
23
N/A
|
|
Pre-Tax Income | ||||||||||
Interest Income Expense |
(2)
|
(3)
|
(3)
|
(2)
|
2
|
8
|
13
|
18
|
23
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
(18)
|
(6)
|
(8)
|
(13)
|
(13)
|
|
Total Other Income |
(43)
|
(10)
|
(16)
|
(4)
|
42
|
10
|
13
|
3
|
12
|
|
Pre-Tax Income |
(55)
N/A
|
(45)
+17%
|
(49)
-8%
|
(24)
+50%
|
11
N/A
|
(18)
N/A
|
4
N/A
|
2
-59%
|
45
+2 387%
|
|
Net Income | ||||||||||
Tax Provision |
(7)
|
(6)
|
(8)
|
(6)
|
(7)
|
(9)
|
(10)
|
(15)
|
(17)
|
|
Income from Continuing Operations |
(61)
|
(51)
|
(57)
|
(30)
|
4
|
(27)
|
(6)
|
(13)
|
28
|
|
Income to Minority Interest |
15
|
27
|
27
|
17
|
30
|
31
|
18
|
14
|
(8)
|
|
Equity Earnings Affiliates |
0
|
(0)
|
(0)
|
(2)
|
(2)
|
(2)
|
(2)
|
0
|
0
|
|
Net Income (Common) |
(46)
N/A
|
(25)
+47%
|
(30)
-22%
|
(15)
+50%
|
32
N/A
|
3
-92%
|
11
+320%
|
(1)
N/A
|
16
N/A
|
|
EPS (Diluted) |
-0.56
N/A
|
-0.07
+88%
|
-0.36
-414%
|
-0.04
+89%
|
0.1
N/A
|
0.02
-80%
|
0.12
+500%
|
-0.01
N/A
|
0.05
N/A
|