secwatch.observer — SEC 8-K summary
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Issuer:     Hagerty, Inc. (HGTY)
CIK:        0001840776
Form:       8-K
Filed at:   2026-05-06T23:59:59+00:00
Accession:  0001840776-26-000019
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840776/000184077626000019/0001840776-26-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840776/000184077626000019/hgty-20260506.htm
  HTML page:      https://secwatch.observer/filing/0001840776-26-000019

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