secwatch.observer — SEC 8-K summary
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Issuer:     Hagerty, Inc. (HGTY)
CIK:        0001840776
Form:       8-K
Filed at:   2025-03-04T23:59:59+00:00
Accession:  0001840776-25-000030
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hagerty FY2024 revenue +20% to $1.2B; net income +178%; 2025 outlook for 12-13% revenue growth
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- FY2024 total revenue $1.200B (+20% YoY); net income $78.3M (+178%); adjusted EBITDA $124.5M (+41%).
- Record 279,000 new members added; total insured vehicles 2.6M (+8%); retention rate 89.0%.
- Marketplace revenue +90% to $54.3M; partnership with BMW for Villa d'Este auction (May 2025).
- 2025 outlook: revenue growth 12-13%, net income growth 30-40%, adjusted EBITDA growth 21-29%.
- Q4 2024 revenue $291.7M (+19%); Q4 net income $8.4M; diluted EPS $0.01; adjusted EPS $0.02.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840776/000184077625000030/0001840776-25-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840776/000184077625000030/hgty-20250304.htm
  HTML page:      https://secwatch.observer/filing/0001840776-25-000030

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