---
schema_version: "secwatch.filing_event.v1"
accession: "0001840776-23-000143"
form_type: "8-K"
ticker: "HGTY"
cik: "0001840776"
company_name: "Hagerty, Inc."
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T02:49:19.883440+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Hagerty Q2 revenue up 27% to $261.2M; raises FY2023 outlook on strong written premium and margin expansion

## Summary
- Q2 revenue $261.2M (+27% YoY); adjusted EBITDA $34.4M vs $16.1M; net income $15.5M vs -$5.5M loss.
- Written premium +16% to $275.9M; earned premium +35%; membership/marketplace revenue +44% to $23.6M.
- Raised $105M from Markel, State Farm, Hagerty family for growth investments and technology.
- FY2023 guidance raised: revenue growth 23-27% (prev 22-26%), adj EBITDA $60-80M (prev $55-75M).
- State Farm Classic+ partnership launch expected fall 2023 in four states.

## SEC filing metadata
- accession: 0001840776-23-000143
- form_type: 8-K
- ticker: HGTY
- cik: 0001840776
- company_name: Hagerty, Inc.
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1840776/000184077623000143/0001840776-23-000143-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1840776/000184077623000143/hgty-20230808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001840776-23-000143
- JSON: https://secwatch.observer/filing/0001840776-23-000143.json
- Plain text: https://secwatch.observer/filing/0001840776-23-000143.txt

## Key facts
- Earnings Releases
  Hagerty, Inc. reported three and six months ended June 30, 2023 results: revenue $261.2 million, net income $15.5 million. Guidance raised.
  - Period: three and six months ended June 30, 2023
  - Revenue: $261.2 million
  - Net income: $15.5 million
  - Guidance: raised
  - Result: reported results
  source text: Hagerty Reports Second Quarter 2023 Results Increases 2023 Outlook • Second quarter 2023 Total Revenue increased 27% to $261.2 million compared to the prior year period
  evidence_url: https://www.sec.gov/Archives/edgar/data/1840776/000184077623000143/0001840776-23-000143-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.