---
schema_version: "secwatch.filing_event.v1"
accession: "0001840776-24-000019"
form_type: "8-K"
ticker: "HGTY"
cik: "0001840776"
company_name: "Hagerty, Inc."
filed_at: "2024-03-12T23:59:59+00:00"
generated_at: "2026-06-04T23:22:16.022019+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Hagerty FY2023 revenue $1.0B (+27%), net income $28.2M; guides 15-17% revenue growth in 2024

## Summary
- FY2023 total revenue $1.0B (+27% YoY); Q4 revenue $245M (+24%).
- FY2023 net income $28.2M (vs $2.4M in 2022); Adjusted EBITDA $88.2M (vs -$1.9M).
- Written premiums $907.2M (+17%); Policies retention 88.7% vs 88.0%; loss ratio improved to 41.5%.
- 2024 Outlook: total revenue growth 15-17%, net income growth 116-148%, Adj EBITDA growth 41-53%.
- AM Best assigned A- (Excellent) rating to Hagerty Re; HDC paid members +8% to ~815k.

## SEC filing metadata
- accession: 0001840776-24-000019
- form_type: 8-K
- ticker: HGTY
- cik: 0001840776
- company_name: Hagerty, Inc.
- filed_at: 2024-03-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1840776/000184077624000019/0001840776-24-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1840776/000184077624000019/hgty-20240312.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001840776-24-000019
- JSON: https://secwatch.observer/filing/0001840776-24-000019.json
- Plain text: https://secwatch.observer/filing/0001840776-24-000019.txt

## Key facts
- Earnings Releases
  Hagerty, Inc. reported the fiscal year ended December 31, 2023 results: revenue $1.0 billion. Guidance initiated.
  - Period: the fiscal year ended December 31, 2023
  - Revenue: $1.0 billion
  - Guidance: initiated
  - Result: reported results
  source text: full year 2023 Total Revenue increased 27% to $1.0 billion compared to the prior year periods.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1840776/000184077624000019/0001840776-24-000019-index.htm
- Earnings Releases
  Hagerty, Inc. reported the fiscal quarter ended December 31, 2023 results: net income $9.0 million. Guidance initiated.
  - Period: the fiscal quarter ended December 31, 2023
  - Net income: $9.0 million
  - Guidance: initiated
  - Result: reported results
  source text: Fourth quarter 2023 Net Income of $9.0 million, an increase of $41.3 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1840776/000184077624000019/0001840776-24-000019-index.htm

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