HG Holdings, Inc. reported a total revenue of $14.7 million for the fiscal year ending December 31, 2025, marking a 28% increase from $11.5 million in 2024. The growth was primarily driven by a rise in net premiums written, which increased to $6.9 million from $6.0 million, and an uptick in escrow and other title fees, which rose to $2.8 million from $2.5 million. Despite the revenue growth, the company experienced a loss before income taxes of $1.1 million, compared to a loss of $267,000 in the previous year, largely due to a significant impairment of $4.1 million related to its investment in HC Realty.
The company underwent notable strategic changes during the fiscal year, including the implementation of a new Services Agreement with HP Risk Solutions, which commenced on June 1, 2025. This agreement is expected to generate $6 million annually over three years, contributing to the increase in management fees from $3.0 million in 2024 to $5.0 million in 2025. Additionally, HG Holdings restructured its reportable segments, consolidating its operations into "Title Insurance" and "Corporate and Other," effective January 1, 2025, to better reflect its business mix and management oversight.
Operationally, HG Holdings reported a total employee count of 69 as of December 31, 2025, with 68 being full-time employees. The company’s title insurance segment remains heavily reliant on the cyclical nature of the real estate market, particularly in Florida, where it primarily operates. The company noted that the overall level of real estate activity, including sales and mortgage refinancing, significantly impacts its revenue. The Federal Reserve's adjustments to interest rates, which saw a reduction in late 2025, may influence future market conditions positively, although mortgage rates remain elevated compared to pre-2022 levels.
Looking ahead, HG Holdings expressed cautious optimism regarding its financial outlook, anticipating that the gradual recovery in the housing market, as projected by the Mortgage Bankers Association, could lead to increased mortgage origination volumes in 2026. However, the company acknowledged that ongoing economic uncertainties, including inflation and geopolitical factors, could continue to affect real estate activity and, consequently, its financial performance. The company remains committed to managing its operations efficiently and exploring potential acquisitions to enhance its market share and technological capabilities.
About HG Holdings, Inc.
HG Holdings, Inc. operates through subsidiaries providing title insurance and related services in Florida, focusing on residential and commercial real estate transactions. The company underwrites land title policies, offers escrow and closing services, and manages real estate investments. Its core value lies in facilitating real estate transfers, managing risk through reinsurance, and leveraging operational expertise in a cyclical, heavily regulated industry.
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