secwatch.observer — SEC 8-K summary
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Issuer:     Hagerty, Inc. (HGTY)
CIK:        0001840776
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001840776-24-000173
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hagerty Q2 revenue up 20% to $313M; raises full-year guidance
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- Total Revenue $313.2M (+20% YoY); Written Premium $321.2M (+16%).
- Net Income $42.7M (+$27.1M YoY); Adjusted EBITDA $53.1M (+$18.7M).
- Policy retention 89%; insured vehicles up 8% to 2.5 million.
- 2024 guidance raised: Net Income growth 170-198%; Adjusted EBITDA growth 47-59%.
- Completed warrant exchange in July: 3.9M shares issued for 19.5M warrants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840776/000184077624000173/0001840776-24-000173-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840776/000184077624000173/hgty-20240806.htm
  HTML page:      https://secwatch.observer/filing/0001840776-24-000173

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