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 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%).
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 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 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%).
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 Q2 revenue up 20% to $313M; raises full-year guidance
Total Revenue $313.2M (+20% YoY); Written Premium $321.2M (+16%).
87.3% of public warrants (5.0M), 98.4% private placement, 97.6% PIPE warrants tendered for 0.2 shares each.
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 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%).
Hagerty to acquire Consolidated National Insurance Company for ~$18.4M
Hagerty subsidiary to buy all CNIC stock from Everspan for ~$18.4M, subject to adjustment.
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