Hagerty Q1 revenue up 18% to $319.6M; net income up 233%; reaffirms 2025 outlook

Hagerty, Inc.

Total revenue $319.6M (+18% YoY); net income $27.3M (+233%); adjusted EBITDA $39.6M (+45%).
Written premium $244.3M (+12%); earned premium $169.4M (+12%); loss ratio 42.0% (incl. $10.4M wildfire losses).
Marketplace revenue surged 176% to $29.0M, driven by inventory sales including Academy of Art University Collection.
Policies in force retention 89.0% (improved 30 bps); insured vehicles up 8% to 2.6M.
Reaffirmed FY2025 outlook: 12-13% revenue growth, 30-40% net income growth, 21-29% adjusted EBITDA growth.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.