---
schema_version: "secwatch.filing_event.v1"
accession: "0001840776-25-000141"
form_type: "8-K"
ticker: "HGTY"
cik: "0001840776"
company_name: "Hagerty, Inc."
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T08:58:16.417259+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001840776-25-000141
- form_type: 8-K
- ticker: HGTY
- cik: 0001840776
- company_name: Hagerty, Inc.
- filed_at: 2025-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1840776/000184077625000141/0001840776-25-000141-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1840776/000184077625000141/hgty-20250507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001840776-25-000141
- JSON: https://secwatch.observer/filing/0001840776-25-000141.json
- Plain text: https://secwatch.observer/filing/0001840776-25-000141.txt

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