secwatch.observer — SEC 8-K summary
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Issuer:     Hagerty, Inc. (HGTY)
CIK:        0001840776
Form:       8-K
Filed at:   2025-08-04T23:59:59+00:00
Accession:  0001840776-25-000220
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840776/000184077625000220/0001840776-25-000220-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840776/000184077625000220/hgty-20250804.htm
  HTML page:      https://secwatch.observer/filing/0001840776-25-000220

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