secwatch.observer — SEC 8-K summary
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Issuer:     Hagerty, Inc. (HGTY)
CIK:        0001840776
Form:       8-K
Filed at:   2025-11-04T23:59:59+00:00
Accession:  0001840776-25-000231
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840776/000184077625000231/0001840776-25-000231-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840776/000184077625000231/hgty-20251104.htm
  HTML page:      https://secwatch.observer/filing/0001840776-25-000231

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