XML 47 R35.htm IDEA: XBRL DOCUMENT
v3.24.3

Investments (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract] |
Schedule of Investments, Available-for-Sale Securities | The following table summarizes the Company's available-for-sale investments as of September 30, 2024:
| Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  |  |  | Estimated Fair Value
Fixed maturity securities: | in thousands
Corporate | $ | 209,096 |  |  | $ | 4,895 |  |  | $ | (27) |  |  |  |  | $ | 213,964 |
U.S. Treasury | 108,530 |  |  | 1,054 |  |  | (23) |  |  |  |  | 109,561 |
States and municipalities | 38,211 |  |  | 1,718 |  |  | — |  |  |  |  | 39,929 |
Foreign | 18,632 |  |  | 56 |  |  | (54) |  |  |  |  | 18,634 |
Asset-backed securities | 25,126 |  |  | 650 |  |  | (9) |  |  |  |  | 25,767 |
Mortgage-backed securities | 111,585 |  |  | 2,804 |  |  | (32) |  |  |  |  | 114,357 |
Total fixed maturity securities | $ | 511,180 |  |  | $ | 11,177 |  |  | $ | (145) |  |  |  |  | $ | 522,212 |
Schedule Of Contractual Maturities Of The Company's Available-For-Sale Investments | The following table summarizes the contractual maturities of the Company's available-for-sale investments as of September 30, 2024:
| Amortized Cost |  | Estimated Fair Value
| in thousands
Due in one year or less | $ | 50,130 |  |  | $ | 50,247 |
Due after one year through five years | 239,695 |  |  | 244,116 |
Due after five years through ten years | 76,631 |  |  | 79,357 |
Due after ten years | 8,013 |  |  | 8,368 |
Mortgage-backed and asset-backed securities | 136,711 |  |  | 140,124 |
Total fixed maturity securities | $ | 511,180 |  |  | $ | 522,212 |
Schedule of Debt Securities, Held-to-Maturity | The following table summarizes the fair value and related carrying amount of the Company's held-to-maturity investments as of December 31, 2023:
|  |  |  |  | Carrying Amount |  | Estimated Fair Value
|  |  |  |  | in thousands
Short-term |  |  |  |  | $ | 10,946 |  |  | $ | 10,864 |
Long-term |  |  |  |  | 5,526 |  |  | 5,398 |
Total |  |  |  |  | $ | 16,472 |  |  | $ | 16,262 |
Schedule of Net Investment Income Component | The following table presents the components of net investment income for the three and nine months ended September 30, 2024 and 2023:
| Three months ended September 30, |  | Nine months ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Interest income: | in thousands
Cash and cash equivalents and restricted cash and cash equivalents | $ | 4,514 |  |  | $ | 7,084 |  |  | $ | 21,154 |  |  | $ | 17,990 |
Fixed maturity securities | 5,127 |  |  | 121 |  |  | 8,921 |  |  | 344 |
Total interest income | 9,641 |  |  | 7,205 |  |  | 30,075 |  |  | 18,334 |
Dividends on equity securities | 34 |  |  | — |  |  | 58 |  |  | — |
Gross investment income | 9,675 |  |  | 7,205 |  |  | 30,133 |  |  | 18,334 |
Investment expenses | (91) |  |  | — |  |  | (213) |  |  | — |
Net investment income | $ | 9,584 |  |  | $ | 7,205 |  |  | $ | 29,920 |  |  | $ | 18,334 |
Schedule Of Net Realized And Unrealized Gains (Losses) On Investments | The gross amounts of realized investment gains and losses on fixed maturity securities were not material to the Condensed Consolidated Financial Statements and are presented on a net basis in the table below.
| Three months ended |  | Nine months ended
| September 30, 2024
Fixed maturity securities: | in thousands
Net realized investment gains (losses) | $ | 700 |  |  | $ | 731 |
Equity securities: |  |  |
Total change in fair value of equity securities | 574 |  |  | 1,052 |
Net investment gains (losses) | $ | 1,274 |  |  | $ | 1,783 |
Change in net unrealized gains (losses) on available-for-sale investments included in Other comprehensive income (loss): |  |  |
Fixed maturity securities | $ | 10,081 |  |  | $ | 11,032 |

X
- Definition Schedule Of Realized And Unrealized Gains Losses On Investments And NetInvestment Income Loss Table Text Block + References No definition available. + Details
Name: | hgty_ScheduleOfRealizedAndUnrealizedGainsLossesOnInvestmentsAndNetInvestmentIncomeLossTableTextBlockTableTextBlock
Namespace Prefix: | hgty_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about investment in debt security measured at amortized cost (held-to-maturity). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (aaa) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5 Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f)(4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5 Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5A Reference 13: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5A Reference 14: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5A -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5A Reference 15: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B Reference 16: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B Reference 17: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B Reference 18: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B + Details
Name: | us-gaap_HeldToMaturitySecuritiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of investment income, including, but not limited to, interest and dividend income and amortization of discount (premium) derived from debt and equity securities. Excludes realized and unrealized gain (loss) on investments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(8)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(7)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(7)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(9)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1 + Details
Name: | us-gaap_InvestmentIncomeTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
Name: | us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value. + References No definition available. + Details
Name: | us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration