---
schema_version: "secwatch.filing_event.v1"
accession: "0001840776-24-000007"
form_type: "8-K"
ticker: "HGTY"
cik: "0001840776"
company_name: "Hagerty, Inc."
filed_at: "2024-02-13T23:59:59+00:00"
generated_at: "2026-06-06T03:41:06.701679+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Hagerty to acquire Consolidated National Insurance Company for ~$18.4M

## Summary
- Hagerty subsidiary to buy all CNIC stock from Everspan for ~$18.4M, subject to adjustment.
- CNIC will serve as Hagerty's direct underwriting carrier to retain underwriting profits.
- Purchase price includes ~$10M for state licenses and ~$8M for capital and surplus.
- Closing expected in Q2 2024, subject to Colorado Division of Insurance approval.

## SEC filing metadata
- accession: 0001840776-24-000007
- form_type: 8-K
- ticker: HGTY
- cik: 0001840776
- company_name: Hagerty, Inc.
- filed_at: 2024-02-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1840776/000184077624000007/0001840776-24-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1840776/000184077624000007/hgty-20240112.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001840776-24-000007
- JSON: https://secwatch.observer/filing/0001840776-24-000007.json
- Plain text: https://secwatch.observer/filing/0001840776-24-000007.txt

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