Hagerty Q1 net loss $13M on $89M transitional costs; written premium up 18%, EBITDA up 77%

Hagerty, Inc.

Written premium rose 18% YoY to $289M; earned premium +42% to $240M on transition to 100% quota share.
Net loss of $13M (incl. $89M Markel fronting transition costs) vs $27M net income in Q1 2025.
Adjusted EBITDA up 77% to $85M; reaffirmed FY2026 written premium growth guidance of 15-16%.
Policies in force: 1.8M (+15%); retention 88.5%; record 112K new policies added in quarter.
Broad Arrow Auctions at The Amelia generated record $111M total sales with 92% sell-through rate.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Hagerty, Inc. reported financial results for fiscal quarter ended March 31, 2026.

Period: fiscal quarter ended March 31, 2026
Result: reported results

Exact text from the filing

On May 6, 2026, Hagerty, Inc. (the "Company") announced its financial results for the fiscal quarter ended March 31, 2026 by issuing a letter to its stockholders and a press release.

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Hagerty, Inc. filing history →

Source: SEC EDGAR

accession 0001840776-26-000019

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