---
schema_version: "secwatch.filing_event.v1"
accession: "0001840776-25-000231"
form_type: "8-K"
ticker: "HGTY"
cik: "0001840776"
company_name: "Hagerty, Inc."
filed_at: "2025-11-04T23:59:59+00:00"
generated_at: "2026-05-17T00:42:17.959521+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Hagerty Q3 revenue up 18% to $380M, net income up 143%, raises FY2025 outlook

## Summary
- Q3 total revenue $380.0M (+18% YoY); net income $46.2M (+143%); adjusted EBITDA $49.7M (+106%).
- FY2025 guidance raised: revenue growth 14-15%, net income growth 58-65%, adj. EBITDA growth 37-41%.
- Loss ratio improved to 42.0% (vs 60.0% prior year) aided by lower catastrophe losses.
- Marketplace revenue surged 58% to $34.2M; HDC members reached 921,000 (+6% YoY).
- Signed partnership with Liberty Mutual; Markel fronting arrangement starting Jan 2026 to retain full underwriting economics.

## SEC filing metadata
- accession: 0001840776-25-000231
- form_type: 8-K
- ticker: HGTY
- cik: 0001840776
- company_name: Hagerty, Inc.
- filed_at: 2025-11-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1840776/000184077625000231/0001840776-25-000231-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1840776/000184077625000231/hgty-20251104.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001840776-25-000231
- JSON: https://secwatch.observer/filing/0001840776-25-000231.json
- Plain text: https://secwatch.observer/filing/0001840776-25-000231.txt

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