Highest-materiality recent filing
Hagerty Q1 net loss $13M on $89M transitional costs; written premium up 18%, EBITDA up 77%
Written premium rose 18% YoY to $289M; earned premium +42% to $240M on transition to 100% quota share.
Hagerty board member Heaton resigns; Markel appoints Bjørnstad as replacement
Michael R. Heaton resigned from the Board effective April 13, 2026; not due to any disagreement.
Hagerty FY2025 revenue up 17% to $1.46B, net income +91%, guides 15-16% WP growth in 2026
Full year 2025 total revenue $1,456M (+17% YoY); written premium $1,194M (+14%); net income $149M (+91%).
Sixth Amended Master Relationship Agreement executed Dec 31, 2025; removes mutual exclusivity provisions; extends term through Dec 31, 2028.
Hagerty Q3 revenue up 18% to $380M, net income up 143%, raises FY2025 outlook
Q3 total revenue $380.0M (+18% YoY); net income $46.2M (+143%); adjusted EBITDA $49.7M (+106%).
Hagerty secondary offering of 9.7M shares at $9.34 priced; company gets no proceeds
Selling stockholders HHC and Aldel offer 9.7M shares of Class A common stock at $9.34/share.
Hagerty announces secondary offering of 8.7M shares by major stockholders
Selling stockholders (Hagerty Holding Corp and Aldel LLC) offer 8.7M shares of HGTY Class A common stock; underwriters have 30-day option for 1.305M additional shares.
Hagerty Q2 revenue $368.7M (+18% YoY), net income $47.2M; raises FY 2025 outlook
Q2 total revenue $368.7M (+18% YoY); net income $47.2M (+11% YoY); Adjusted EBITDA $63.7M (+20% YoY).
Effective Jan 1, 2026, Hagerty Re will control 100% of premium and assume 100% of underwriting risk, paying Markel a 2% fronting fee.
Hagerty stockholders elect all nine director nominees and ratify Deloitte as auditor
All nine director nominees (McKeel Hagerty, William Swanson, Randall Harbert, Laurie Harris, Michael Heaton, Robert Kauffman, Sabrina Kay, Anthony Kuczinski, Mika Salmi) elected.
Hagerty Q1 revenue up 18% to $319.6M; net income up 233%; reaffirms 2025 outlook
Total revenue $319.6M (+18% YoY); net income $27.3M (+233%); adjusted EBITDA $39.6M (+45%).
F. Michael Crowley, Markel's designee on Hagerty board, will not stand for re-election at annual meeting expected June 3, 2025.
Hagerty enters $375M unsecured revolving credit facility, replaces prior $50.3M debt
Entered $375M senior unsecured revolving credit facility with JPMorgan as agent; five-year term expires March 2025.
Hagerty FY2024 revenue +20% to $1.2B; net income +178%; 2025 outlook for 12-13% revenue growth
FY2024 total revenue $1.200B (+20% YoY); net income $78.3M (+178%); adjusted EBITDA $124.5M (+41%).
Hagerty Q3 revenue up 17% to $323.4M; hurricane losses hit bottom line; FY outlook trimmed
Total revenue $323.4M (+17% YoY); written premium $287.6M (+13% YoY).
Hagerty subsidiary closes $18.4M acquisition of Consolidated National Insurance Company
Acquired Consolidated National Insurance Company for approximately $18.4 million in cash.
Hagerty Q2 revenue up 20% to $313M; raises full-year guidance
Total Revenue $313.2M (+20% YoY); Written Premium $321.2M (+16%).
Hagerty settles final 1.05M warrants for 189K shares; no warrants remain outstanding
Final mandatory exchange of 1,052,503 warrants for 189,438 shares of Class A common stock.
Hagerty elects Tony Kuczinski, former Munich Re US CEO, to Board of Directors
Kuczinski appointed effective July 9, 2024; will receive standard non-employee director compensation.
87.3% of public warrants (5.0M), 98.4% private placement, 97.6% PIPE warrants tendered for 0.2 shares each.
Hagerty annual meeting results: all director nominees elected, auditor ratified
All eight director nominees elected with majority support; McKeel Hagerty received ~1.83B votes for.
Hagerty launches warrant exchange: 0.20 shares per warrant, seeks capital simplification
Offer to exchange each warrant for 0.20 shares of Class A common stock, up to 3,896,707 shares total.
Hagerty appoints Jeff Briglia as President of Insurance; adds $75M credit capacity
Jeff Briglia named President of Insurance effective July 1, 2024; reports to CEO McKeel Hagerty.
Hagerty Q1 revenue +24% to $271.7M; swings to net income of $8.2M; reaffirms FY24 outlook
Q1 total revenue $271.7M (+24% YoY); written premium $218.3M (+19%); insured vehicles 2.4M (+6%).
Hagerty adopts new PRSU form, grants 92,896 units to CEO and 24,590 to CAHRO
Committee approved new Performance Restricted Stock Unit (PRSU) award form under the 2021 Stock Incentive Plan.
Hagerty FY2023 revenue $1.0B (+27%), net income $28.2M; guides 15-17% revenue growth in 2024
FY2023 total revenue $1.0B (+27% YoY); Q4 revenue $245M (+24%).
Michael Angelina notified Hagerty of his retirement from the Board, effective April 2, 2024.
Markel has designated Michael R. Heaton, who currently serves as Markel's Executive Vice President & Chief Operating Officer, to serve as its designee on the Board.
On April 16, 2025, F. Michael Crowley, a member of the Board of Directors (the "Board") of Hagerty, Inc. (the "Company"), informed the Company that he does not intend to stand for re-election at the Company's 2025 annual meeting of stockholders (the "Annual Meeting").
On July 9, 2024, Board of Directors (the "Board") of Hagerty, Inc. ("Hagerty" or the "Company") elected Anthony J. Kuczinski as a director.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Appointment of President of Insurance On May 31, 2024, the Company announced the appointment of Jeff Briglia, age 54, as its President of Insurance, effective July 1, 2024, to lead all aspects of the Company’s insurance operations.
On February 26, 2024, Michael Angelina, a member of the Board of Directors (the "Board") of Hagerty, Inc. (the "Company") notified the Company that he will retire from service on the Board and its Nominating and Governance Committee and Talent, Culture, and Compensation Committee, effective as of April 2, 2024.
Max materiality 0.85 · Median 0.60 · Most common event earnings