Hagerty Q2 revenue $368.7M (+18% YoY), net income $47.2M; raises FY 2025 outlook

Hagerty, Inc.

Q2 total revenue $368.7M (+18% YoY); net income $47.2M (+11% YoY); Adjusted EBITDA $63.7M (+20% YoY).
FY 2025 outlook raised: revenue growth 13-14%, net income growth 43-53%, Adjusted EBITDA growth 30-38%.
Written premium $356M (+11% YoY); retention 88.7%; insured vehicles 2.7M (+6%).
Marketplace revenue $26.8M (+327% YoY) from inventory sales and first European auction with €31M sales.
Non-binding LOI with Markel for fronting arrangement to control 100% of premium from Jan 1, 2026.

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