Earnings summaries and quarterly performance for Hagerty.
Executive leadership at Hagerty.
McKeel Hagerty
Detailed
Chief Executive Officer
CEO
CC
Collette Champagne
Detailed
Chief Human Resources Officer and Chief Administrative Officer
DC
Diana Chafey
Detailed
Chief Legal Officer and Corporate Secretary
JB
Jeff Briglia
Detailed
President of Insurance
KA
Ken Ahn
Detailed
President of Marketplace
PM
Patrick McClymont
Detailed
Chief Financial Officer
RP
Russell Page
Detailed
Chief Information Officer
Board of directors at Hagerty.
Research analysts who have asked questions during Hagerty earnings calls.
MH
Mark Hughes
Truist Securities
3 questions for HGTY
Also covers: AIZ, AJG, AMBC +42 more
MF
Maxwell Fritscher
Truist Financial Corporation
3 questions for HGTY
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PS
Pablo Singzon
JPMorgan Chase & Co.
3 questions for HGTY
Also covers: ASIC, BOW, BWIN +5 more
Charlie Lederer
BMO Capital Markets
2 questions for HGTY
Also covers: AHL, AJG, ARX +5 more
EG
Elyse Greenspan
Wells Fargo
2 questions for HGTY
Also covers: ACGL, AFL, AHL +32 more
GP
Gregory Peters
Raymond James Financial, Inc.
2 questions for HGTY
Also covers: AFG, AII, AJG +7 more
Michael Phillips
Oppenheimer & Co. Inc.
2 questions for HGTY
Also covers: ACIC, AII, CINF +10 more
CG
C. Gregory Peters
Raymond James
1 question for HGTY
Also covers: ACIC, AFG, AII +20 more
D
David
RBC Capital Markets
1 question for HGTY
Also covers: PAYX
D
David
JMP Securities
1 question for HGTY
DT
David Turkaly
Citizens JMP
1 question for HGTY
Also covers: AXGN, FNA, HAE +5 more
KW
Kevin Wijendra
JPMorgan Chase & Co.
1 question for HGTY
Michael Zaremski
BMO Capital Markets
1 question for HGTY
Also covers: ACGL, AFG, AIG +25 more
TM
Tommy McJoynt
Keefe, Bruyette & Woods (KBW)
1 question for HGTY
Also covers: AGO, AII, AIZ +11 more
TM
Tommy McJoynt-Griffith
KBW
1 question for HGTY
Also covers: ROOT
Recent press releases and 8-K filings for HGTY.
Hagerty Exceeds 2025 Outlook and Provides 2026 Guidance
HGTY
Earnings
Guidance Update
Accounting Changes
- Hagerty exceeded its initial 2025 outlook, reporting Total Revenue of $1,456 million (+17%), Net Income of $149 million (+91%), and Adjusted EBITDA of $237 million (+46%) for the full year 2025. The company also added 371,000 new members and achieved a combined ratio of ~87%.
- For 2026, Hagerty projects Total Written Premium of $1,373 million to $1,385 million (+15% to +16%) and Adjusted EBITDA of $236 million to $247 million. However, it anticipates a Net Loss of $(51) million to $(41) million due to approximately $190 million in transitional, non-cash costs related to the Markel Fronting Arrangement.
- The company evolved its Markel arrangement to control 100% of the premium as of January 1, 2026, which will impact revenue reporting comparability, and signed a new partnership with Liberty Mutual.
2 days ago
Hagerty Reports Strong 2025 Results and Outlines 2026 Guidance with Accounting Changes
HGTY
Earnings
Guidance Update
Accounting Changes
- Hagerty reported strong full-year 2025 financial results, with revenue up 17% and net income surging 91% to $149 million. Adjusted EBITDA grew 46% to $237 million, and written premium growth was 14%.
- The company announced a new fronting arrangement with Markel, effective January 1, 2026, which will result in Hagerty retaining 100% of the premium. This change will lead to significant accounting adjustments in 2026, including the elimination of commission revenue and ceding commission expense from consolidated financials.
- For 2026, Hagerty anticipates written premium growth of 15%-16%. However, due to the accounting changes and approximately $190 million in non-cash transitional costs from amortizing 2025 ceding commission, reported revenue is expected to be between $1.28 billion and $1.3 billion (below 2025), and net income is projected to be -$41 million to -$51 million.
- Despite the GAAP net income impact, Adjusted EBITDA for 2026 is guided between $236 million and $247 million, reflecting underlying profit and cash flow growth. The company also highlighted the expansion of its State Farm Classic Plus business and the significant growth of its Marketplace segment, which saw revenue jump 119% in 2025.
2 days ago
Hagerty Announces Q4 2025 Results and 2026 Guidance
HGTY
Earnings
Guidance Update
Accounting Changes
- Hagerty reported strong full-year 2025 financial results, including a 17% increase in revenue, a 91% surge in net income to $149 million, and Adjusted EBITDA growth of 46% to $237 million. The company also welcomed a record 371,000 new members and saw Marketplace revenue jump 119% to $119 million.
- For 2026, Hagerty anticipates written premium growth of 15%-16% and Adjusted EBITDA between $236 million and $247 million.
- However, due to a new fronting arrangement with Markel effective January 1, 2026, which allows Hagerty to retain 100% of the premium, the company expects significant accounting changes. These changes will result in non-cash transitional expenses of approximately $190 million in 2026, leading to a projected net income of -$41 million to -$51 million and reported revenue below 2025 levels.
2 days ago
Hagerty Reports Strong Q4 2025 Results and Provides 2026 Outlook
HGTY
Earnings
Guidance Update
Accounting Changes
- Hagerty reported strong Q4 2025 results, with total revenue increasing 19% to $357 million and Adjusted EBITDA up 97% to $57 million. For the full year 2025, net income jumped 91% to $149 million.
- The company signed a new fronting arrangement with Markel, retaining 100% of the premium beginning January 1, 2026, which is expected to significantly increase potential underwriting profitability and investment income.
- For 2026, Hagerty anticipates a GAAP net income of -$41 million to -$51 million due to non-cash transitional costs related to the Markel arrangement, but projects Adjusted EBITDA between $236 million and $247 million.
- Starting Q4 2025, Hagerty began presenting its consolidated financial statements in accordance with Article 7 for insurance companies and introduced new segment reporting for Insurance and Marketplace.
2 days ago
Hagerty Reports Full Year 2025 Results and Provides 2026 Outlook
HGTY
Earnings
Guidance Update
Accounting Changes
- Hagerty reported full year 2025 total revenue of $1,456 million, an increase of 17%, with net income surging 91% to $149 million and Adjusted EBITDA growing 46% to $237 million.
- The company achieved significant operational growth in 2025, adding a record 371,000 new members and seeing Marketplace revenue increase 119% to $119 million.
- For full year 2026, Hagerty forecasts Written Premium growth of 15% to 16% and Adjusted EBITDA between $236 million and $247 million.
- Due to the new Markel fronting arrangement, Total Revenue for 2026 is projected to decrease by (12)% to (11)%, and Net Income is expected to be a loss of $(51) million to $(41) million, including approximately $190 million in transitional costs, though underlying profitability is expected to improve.
2 days ago
Hagerty Reports Full Year 2025 Results and Provides 2026 Outlook
HGTY
Earnings
Guidance Update
Accounting Changes
- Hagerty reported strong full-year 2025 financial results, with Total Revenue increasing 17% to $1,456 million and Net Income surging 91% to $149 million.
- Written Premium grew 14% to $1,194 million and Adjusted EBITDA increased 46% to $237 million for the full year 2025.
- For 2026, Hagerty anticipates Written Premium growth of 15% to 16%.
- However, Total Revenue is projected to decrease by (12)% to (11)% in 2026, and Net Income is expected to be a loss of $(51) million to $(41) million, primarily due to the accounting impact of the new Markel fronting arrangement and approximately $190 million in associated transition costs.
- The company expects 2026 Adjusted EBITDA to be between $236 million and $247 million.
2 days ago
Hagerty's Broad Arrow Announces Multi-Year Partnership with The Quail, A Motorsports Gathering
HGTY
New Projects/Investments
Revenue Acceleration/Inflection
- Broad Arrow, driven by Hagerty, has entered a multi-year partnership to become the official auction partner for The Quail, A Motorsports Gathering.
- Broad Arrow will host a two-day auction at The Quail Golf Club on Thursday, August 13 and Friday, August 14, expected to assemble approximately 175 collector cars.
- In 2025, Broad Arrow helped clients buy, sell, and finance more than $624 million in total transaction value, representing 97 percent growth over 2024 results ($316 million).
- Broad Arrow Auctions sold $257 million in total sales across eight live auctions in 2025, achieving an overall sell-through rate of 88 percent for 949 lots sold.
Feb 18, 2026, 2:30 PM
Hagerty's Broad Arrow Exceeds $624 Million in 2025 Total Transactions
HGTY
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- Broad Arrow, a Hagerty company, achieved over $624 million in total transaction value across its Auctions, Private Sales, and Capital segments in 2025.
- This represents 97 percent growth compared to $316 million in 2024.
- Broad Arrow Auctions recorded $257 million in total sales from 949 lots with an 88 percent sell-through rate in 2025.
- Broad Arrow Private Sales generated over $281 million across 190 transactions in 2025, surpassing auction totals for the first time.
- Broad Arrow Capital underwrote approximately $85 million in new financing transactions in 2025.
Dec 18, 2025, 6:15 PM
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
Quarterly earnings call transcripts for Hagerty.
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