---
schema_version: "secwatch.filing_event.v1"
accession: "0001840776-24-000098"
form_type: "8-K"
ticker: "HGTY"
cik: "0001840776"
company_name: "Hagerty, Inc."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T20:00:43.419742+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hagerty Q1 revenue +24% to $271.7M; swings to net income of $8.2M; reaffirms FY24 outlook

## Summary
- Q1 total revenue $271.7M (+24% YoY); written premium $218.3M (+19%); insured vehicles 2.4M (+6%).
- Net income $8.2M vs loss $15.0M YoY; Adj. EBITDA $27.3M vs $6.7M; operating margin +1,210 bps.
- Policies in force retention 88.7% (up from 87.9%); HDC paid members 831,000 (+8% YoY).
- Marketplace revenue surged 58% to $10.5M; commission and fee revenue $88.8M (+19%).
- FY2024 guidance reaffirmed: revenue +15-17%, net income +116-148%, Adj. EBITDA +41-53%.

## SEC filing metadata
- accession: 0001840776-24-000098
- form_type: 8-K
- ticker: HGTY
- cik: 0001840776
- company_name: Hagerty, Inc.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1840776/000184077624000098/0001840776-24-000098-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1840776/000184077624000098/hgty-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001840776-24-000098
- JSON: https://secwatch.observer/filing/0001840776-24-000098.json
- Plain text: https://secwatch.observer/filing/0001840776-24-000098.txt

## Key facts
- Earnings Releases
  Hagerty, Inc. reported financial results for the fiscal quarter ended March 31, 2024.
  - Period: the fiscal quarter ended March 31, 2024
  - Result: reported results
  source text: On May 7, 2024, Hagerty, Inc. (the "Company") announced its financial results for the fiscal quarter ended March 31, 2024 by issuing a letter to its stockholders and a press release.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1840776/000184077624000098/0001840776-24-000098-index.htm

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