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Hagerty (HGTY)

Earnings summaries and quarterly performance for Hagerty.

Recent press releases and 8-K filings for HGTY.

Hagerty Reports Strong Q3 2025 Results and Raises Full-Year Outlook
HGTY
Earnings
Guidance Update
New Projects/Investments
  • Hagerty reported strong financial results for the first nine months of 2025, with total revenue increasing 18%, net income gaining 73% to $121 million, and adjusted EBITDA growing 46% to $153 million.
  • For the third quarter of 2025, total revenue grew 18% to $380 million, net income increased 143% to $46 million, and Adjusted EBITDA rose 106% to $50 million.
  • The company increased its full-year 2025 outlook, now expecting 14%-15% revenue growth, net income of $124-$129 million (58%-65% growth), and adjusted EBITDA of $170-$176 million (37%-41% growth compared to 2024).
  • Hagerty announced a new partnership with Liberty Mutual and Safeco and a new fronting arrangement with Markel commencing in 2026, which will allow Hagerty to control 100% of the premium and risk.
  • Membership, marketplace, and other revenue saw significant growth, jumping 54% for the first nine months of 2025 due to the launch of its European auction business and growth in inventory sales and private transactions.
Nov 4, 2025, 3:00 PM
Hagerty (HGTY) Reports Strong Q3 YTD 2025 Results and Raises Full-Year Outlook
HGTY
Earnings
Guidance Update
New Projects/Investments
  • Hagerty (HGTY) reported Q3 YTD 2025 total revenue of $1,068 million, an 18% increase, with net income up 73% to $121 million and Adjusted EBITDA up 46% to $153 million.
  • The company added 258,000 new members during the first nine months of 2025.
  • HGTY raised its 2025 outlook, now projecting total revenue of $1,368 million to $1,380 million and Adjusted EBITDA of $170 million to $176 million.
  • A new partnership with Liberty Mutual was signed to offer enhanced collectible car insurance.
  • Hagerty announced a non-binding Letter of Intent for a new fronting arrangement with Markel, effective 2026, which will grant Hagerty control of 100% of the premium and is expected to improve profitability and operational control.
Nov 4, 2025, 3:00 PM
Hagerty Reports Q3 2025 Results and Raises 2025 Outlook
HGTY
Earnings
Guidance Update
New Projects/Investments
  • Hagerty, Inc. reported strong financial results for the third quarter and year-to-date 2025, with Total Revenue increasing 18% year-over-year to $380.0 million in Q3 2025 and $1,068.3 million year-to-date. Net Income for Q3 2025 rose 143% to $46.2 million, and year-to-date Net Income increased 73% to $120.7 million. Adjusted EBITDA for Q3 2025 grew 106% to $49.7 million, and year-to-date Adjusted EBITDA increased 46% to $153.1 million.
  • The company raised its full-year 2025 outlook, now expecting Total Revenue growth of 14-15%, Net Income growth of 58-65%, and Adjusted EBITDA growth of 37-41%. The revised 2025 outlook for Total Revenue is $1,368 million to $1,380 million, Net Income is $124 million to $129 million, and Adjusted EBITDA is $170 million to $176 million.
  • Operational highlights include a 16% year-over-year increase in Written Premium to $334.0 million for Q3 2025 and 13% year-to-date growth to $934.4 million. Hagerty Drivers Club (HDC) paid members increased 6% year-over-year to approximately 921,000 as of September 30, 2025.
  • Hagerty also announced a new partnership with Liberty Mutual and a proposed fronting arrangement with Markel starting January 1, 2026, which is expected to result in Hagerty controlling 100% of the premium and an approximate 350 bps improvement in GAAP operating margin.
Nov 4, 2025, 11:59 AM
Hagerty Reports Strong Q3 2025 Results and Raises Full-Year Outlook
HGTY
Earnings
Guidance Update
Revenue Acceleration/Inflection
  • Hagerty reported strong third quarter 2025 results, with Total Revenue increasing 18% year-over-year to $380.0 million, Net Income growing 143% to $46.2 million, and Adjusted EBITDA rising 106% to $49.7 million.
  • For the nine months ended September 30, 2025, Total Revenue increased 18% to $1,068.3 million, Net Income grew 73% to $120.7 million, and Adjusted EBITDA increased 46% to $153.1 million.
  • The company raised its full-year 2025 outlook, now projecting Total Revenue growth of 14-15% (to between $1.368 billion and $1.380 billion), Net Income growth of 58-65% (to between $124 million and $129 million), and Adjusted EBITDA growth of 37-41% (to between $170 million and $176 million).
Nov 4, 2025, 11:55 AM
Hagerty Announces New Partnership with Liberty Mutual
HGTY
New Projects/Investments
Product Launch
  • Hagerty, Inc. has signed a new partnership with Liberty Mutual Insurance to offer enhanced collectible car insurance.
  • This collaboration will enable Liberty Mutual and Safeco to provide Hagerty's collectible car coverage to their new and existing policyholders, starting in 2026.
  • Hagerty's CEO, McKeel Hagerty, stated that carrier partnerships are a key growth engine for the company.
Nov 3, 2025, 9:15 PM