secwatch.observer — SEC 8-K summary
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Issuer:     Hagerty, Inc. (HGTY)
CIK:        0001840776
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001840776-23-000166
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hagerty Q3 revenue up 27% to $275.6M, turns to positive Adj. EBITDA, raises FY outlook
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- Total revenue $275.6M (+27% YoY); written premium $255.6M (+15%); earned premium $139.8M (+30%).
- Net income $18.6M (-23% YoY); includes lower loss ratio of 41.1% vs 56.4% prior year.
- Adjusted EBITDA $37.4M vs -$10.0M prior year; year-to-date Adj. EBITDA $78.4M vs $0.1M.
- Membership, marketplace & other revenue up 37% to $32.6M; HDC paid members ~807,000 (+8%).
- FY 2023 outlook raised: revenue growth 26-27%, Net income $2-12M, Adj. EBITDA $75-85M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840776/000184077623000166/0001840776-23-000166-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840776/000184077623000166/hgty-20231108.htm
  HTML page:      https://secwatch.observer/filing/0001840776-23-000166

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