Hagerty Q2: Written Premium +19%, Adj EBITDA +32%, raises FY outlook

Hagerty, Inc.

Q2 Written Premium $425M (+19% YoY); H1 record 279k new members, policies in force 1.9M (+19%).
H1 Adjusted EBITDA $160M (+32% YoY); Q2 Adj EBITDA $75M (+3% YoY).
H1 Net Loss $5M includes $153M pre-tax Markel transitional costs; underlying operations strong.
FY 2026 outlook raised: Written Premium growth 16-17%, Adj EBITDA $270-280M.
Post-quarter acquired Bennetts (UK motorcycle insurer) for £34M, tripling UK scale.

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