secwatch.observer — SEC 8-K summary
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Issuer:     Hagerty, Inc. (HGTY)
CIK:        0001840776
Form:       8-K
Filed at:   2023-03-14T23:59:59+00:00
Accession:  0001840776-23-000016
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hagerty reports FY2022 revenue $787.6M (+27%); guides to $40-60M Adj. EBITDA for 2023
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- Q4 total revenue $197.0M (+28% YoY); full year revenue $787.6M (+27%); written premium +15% to $776.7M.
- Full year net income $2.4M, diluted EPS $(0.07); adjusted EBITDA $(1.9)M vs $25.4M in 2021.
- 2023 outlook: total revenue growth 22-26%, written premium 11-13%, adjusted EBITDA $40M-$60M.
- Restructuring charges of $18.3M in Q4 from workforce reduction and lease impairments.
- Marketplace revenue reached $13.7M in 2022 (Broad Arrow acquisition); State Farm partnership on track.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840776/000184077623000016/0001840776-23-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840776/000184077623000016/hgty-20230314.htm
  HTML page:      https://secwatch.observer/filing/0001840776-23-000016

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer