Hagerty

Hagerty, Inc. engages in the provision of automotive insurance services. It offers insurance for classic and enthusiast vehicles. The company is headquartered in Traverse City, MI.

Earnings data Q4 2021

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Earnings data Q4 2024

Hagerty reports strong Q4 earnings, eyes profitability in 2023

Hagerty's Q4 2022 performance reflects solid revenue growth and progress towards profitability in 2023 through operational enhancements.
While facing financial challenges in the short term, the company's strategic initiatives and projected EBITDA improvement indicate a positive trajectory.
Analyst inquiries and management's responses underscore the importance of continued operational optimization and expense management for sustained success.

Hagerty reports strong Q1 growth and profitability outlook for 2023

Hagerty's Q1 2023 performance reflects robust revenue growth and positive adjusted EBITDA, underlining its strategic focus on expansion and profitability.
While facing challenges such as operating losses and non-operating impacts on net income, the company is actively addressing cost management and operational efficiency.
Opportunities lie in the projected revenue growth for 2023 and strategic initiatives like the State Farm integration, positioning Hagerty for sustained growth and market leadership.

Hagerty reports robust Q2 earnings, eyes growth through partnerships

Hagerty's Q2 2023 earnings call showcased strong financial performance, with notable revenue growth, profitability, and strategic partnerships driving the company's growth trajectory. While challenges exist in a competitive market, Hagerty's focus on efficiency and revenue diversification positions it well for future success. The company's increased revenue and EBITDA outlooks signal confidence in its ability to deliver sustained growth and profitability.

Hagerty reports robust Q3 earnings, eyes marketplace growth opportunities

Hagerty's Q3 2023 earnings call highlighted a strong financial performance, with revenue growth, improved EBITDA, and a focus on operational efficiency and profitability.
The company's solid financial standing, reinforced by a top-tier financial strength rating, positions them well for sustained growth and market credibility.
Optimism about future growth opportunities, especially in the marketplace segment, underscores Hagerty's strategic vision and potential for continued success.

Hagerty achieves $1B revenue milestone, eyes growth and profitability

Hagerty's Q4 2023 performance showcased robust revenue growth, improved margins, and a positive EBITDA turnaround, underlining its operational strength.
While facing challenges such as operational losses and the need for sustained profitability, Hagerty's strategic priorities for 2024 signal a focus on growth and efficiency.
With a positive outlook for 2024 and a strong foundation in place, Hagerty is poised to capitalize on opportunities for revenue expansion and market leadership.

Hagerty reports robust Q1 growth and reaffirms strong 2024 outlook

Hagerty's Q1 performance reflects strong revenue growth, improved margins, and a positive outlook for 2024.
The company's emphasis on customer experience, loyalty, and strategic initiatives positions it well for future growth.
While challenges exist in sustaining growth and managing partnerships, Hagerty's focus on opportunities for expansion and profitability bodes well for its long-term prospects.

Hagerty reports robust Q2 performance, eyes growth through strategic priorities

Hagerty's Q2 2024 performance reflects strong growth, financial health, and strategic actions to simplify its business and drive future expansion.
The company's focus on loyalty, member experience, and marketplace development aligns with its priorities for sustained growth and profitability.
With an increased outlook for revenue growth and adjusted EBITDA, Hagerty is poised for continued success in 2024 amidst market challenges and opportunities.

Hagerty reports strong Q3 performance and strategic growth outlook

Hagerty's Q3 2024 performance reflects a company on a growth trajectory, with a focus on member experience and sustained profitability.
Despite operational challenges, Hagerty's financial results demonstrate resilience and a strategic outlook for continued success in 2024.
By leveraging its strengths, addressing challenges, and seizing opportunities, Hagerty is poised to navigate market dynamics and drive future growth.

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Hagerty, Inc. (HGTY) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Why Hagerty, Inc. (HGTY) Might be Well Poised for a Surge

Hagerty, Inc. (HGTY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About Hagerty, Inc. (HGTY) Rating Upgrade to Buy

Hagerty Inc. (HGTY) Q4 2023 Earnings Call Transcript

Fourth quarter 2023 Total Revenue increased 24% to $245.0 million, and full year 2023 Total Revenue increased 27% to $1.0 billion compared to the prior year periods. Fourth quarter 2023 Written Premium increased 19% to $192.9 million, and full year 2023 Written Premium increased 17% to $907.2 million compared to the prior year periods.

Hagerty Reports 2023 Results; Expects Strong Growth and Margin Expansion to Continue in 2024

A record 27,000 automotive enthusiasts celebrated car culture over four day motoring event AMELIA ISLAND, Fla., March 4, 2024 /PRNewswire/ -- A 1962 Ferrari 250 GTO was crowned Best in Show, Concours de Sport while a 1947 Delahaye 135MS Narval Cariolet took home Best in Show, Concours d'Elegance at the 29th annual Amelia Island Concours d'Elegance.

1962 Ferrari 250 GTO and 1947 Delahaye 135MS Narval Cabriolet Named Best in Show at The Amelia

TRAVERSE CITY, Mich. , Feb. 27, 2024 /PRNewswire/ -- Hagerty, Inc. (NYSE: HGTY), an automotive enthusiast brand and a leading specialty insurance provider, today announced it will report its fourth quarter 2023 financial results before the market opens on Tuesday, March 12, 2024.

Hagerty to Report Fourth Quarter 2023 Results and Host Conference Call on Tuesday, March 12, 2024

Hagerty: An Overlooked, Fast Growing Niche Insurance Stock

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has commented that the Credit Ratings (ratings) of Hagerty Reinsurance Limited (Hagerty Re) (Hamilton, Bermuda) remain unchanged following the announcement that Hagerty Insurance Holdings has entered into a stock purchase agreement with Everspan Insurance Company (Everspan) to acquire all the issued and outstanding capital stock of Consolidated National Insurance Company. Hagerty, Inc. [NYSE: HGTY], the ultimate parent of Hagerty Re, announced its intenti.

AM Best Comments on Credit Ratings of Hagerty Reinsurance Limited Following Consolidated National Insurance Company Acquisition Announcement

Hagerty, Inc. (HGTY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Hagerty, Inc. (HGTY) Beat Estimates Again in Its Next Earnings Report?

TRAVERSE CITY, Mich. , Jan. 18, 2024 /PRNewswire/ -- Hagerty, Inc., (NYSE: HGTY) an automotive enthusiast brand and leading specialty vehicle insurance provider, has named Arjun H.

Hagerty names Arjun H. Chowdri as Senior Vice President of Membership & Retention

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Hagerty is the insurance play attracting J.P. Morgan analysts

TRAVERSE CITY, Mich. , Jan. 9, 2024 /PRNewswire/ -- Hagerty (NYSE: HGTY), an automotive enthusiast brand and leading specialty vehicle insurer, today announced the launch of Hagerty Media content and livestreams to millions of Samsung TV Plus users in the U.S. Samsung TV Plus is a leader in free ad-supported streaming TV (FAST) and video-on-demand (AVOD), with more than 330 channels in the U.S. and over 2,500 channels available globally in 24 countries.

Hagerty launches channel on Samsung TV Plus featuring hundreds of hours of free, premium automotive content

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TRAVERSE CITY, Mich., Dec. 11, 2023 /PRNewswire/ -- Hagerty, Inc., (NYSE: HGTY), an automotive enthusiast brand and leading specialty vehicle insurance provider, announced today its 2024 U.S. Bull Market list, an annual selection of wide-ranging enthusiast vehicles best poised to increase in value over the next year.

The 10 Collector Cars to Watch Next Year: Hagerty Announces 2024 Bull Market List

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TRAVERSE CITY, Mich. , Dec. 4, 2023 /PRNewswire/ -- Hagerty, Inc., (NYSE: HGTY) an automotive enthusiast brand and leading specialty vehicle insurance provider, has named Gary Chard as its new Senior Vice President of Marketplace Operations.

Hagerty names Gary Chard as new Senior Vice President of Marketplace Operations

Concours Vehicle Classes also announced ahead of the February 29 – March 3 event 14-time NASCAR Cup Series champion, owner of Hendrick Motorsports and Chairman/CEO of Hendrick Automotive Group Rick Hendrick named Honoree at The Amelia Guests can expect a special display of vehicles from Hendrick's collection including the Garage 56 Chevrolet Camaro ZL1 that was prepared for the 2023 24 Hours of Le Mans Special concours classes include Japanese performance cars of the 90s, Porsche: 911 The Original Owners Club, Cars of Pike's Peak, Bugatti Type 57 as well as two classes featuring Ferrari 250 Competition and Grand Touring Cars The Amelia takes place at The Ritz Carlton, Amelia Island from Thursday, February 29 to Sunday, March 3, 2024 TRAVERSE CITY, Mich. , Nov. 20, 2023 /PRNewswire/ -- The Amelia, a leading global Concours weekend known for its racing roots and luxurious setting at the beautiful Ritz Carlton Amelia Island, today announced Rick Hendrick as Honoree at The Amelia in 2024, continuing the longstanding tradition of the event as "the racers concours.

Rick Hendrick Named Honoree at The Amelia in 2024

Hagerty, Inc. (HGTY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Hagerty, Inc. (HGTY) Upgraded to Strong Buy: What Does It Mean for the Stock?

Hagerty, Inc. (HGTY) Q3 2023 Earnings Call Transcript

Hagerty, Inc. (HGTY) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to loss of $0.06 per share a year ago.

Hagerty, Inc. (HGTY) Q3 Earnings and Revenues Beat Estimates

Third quarter 2023 Total Revenue increased 27% to $275.6 million compared to the prior year period and year-to-date 2023 Total Revenue increased 28% to $755.2 million compared to the prior year period Third quarter 2023 Written Premium increased 15% year-over-year to $255.6 million, and year-to-date 2023 Written Premium increased 16% to $714.3 million compared to the prior year period Third quarter 2023 Membership, marketplace and other revenue increased 37% year-over-year to $32.6 million, and year-to-date 2023 Membership, marketplace and other revenue increased 47% to $82.7 million compared to the prior year period Third quarter 2023 Net Income decreased 23% to $18.6 million compared to the prior year period, and year-to-date 2023 Net Income decreased 45% to $19.1 million compared to the prior year period Third quarter 2023 Adjusted EBITDA of $37.4 million, an increase of $47.4 million compared to the prior year period, and year-to-date 2023 Adjusted EBITDA of $78.4 million, an increase of $78.4 million compared to the prior year period TRAVERSE CITY, Mich. , Nov. 8, 2023 /PRNewswire/ -- Hagerty, Inc. (NYSE: HGTY), an automotive lifestyle brand and a leading specialty insurance provider focused on the global automotive enthusiast market, today announced financial results for the three and nine months ended September 30, 2023.

Hagerty Reports Third Quarter 2023 Results; Increases 2023 Outlook

MIAMI--(BUSINESS WIRE)--duPont REGISTRY Group, Driven Lifestyle's luxury ecosystem for the high-end automotive lifestyle, announces today the launch of duPont REGISTRY Insurance, a licensed insurance agency. The new luxury automotive insurance division offers the highest quality coverage and white glove service for high-end car owners through products offered by Hagerty (NYSE: HGTY). As the latest offering in the duPont REGISTRY Group portfolio, duPont REGISTRY Insurance serves the insurance ne.

duPont REGISTRY Group Partners with Hagerty to Launch Luxury Automotive Insurance Offering

TRAVERSE CITY, Mich., Oct. 11, 2023 /PRNewswire/ -- Hagerty, Inc. (NYSE: HGTY), an automotive lifestyle brand and a leading specialty insurance provider focused on the global automotive enthusiast market, today announced it will report its third quarter 2023 financial results before the market opens on Wednesday, November 8, 2023.

Hagerty to Report Third Quarter 2023 Results and Host Conference Call on Wednesday, November 8, 2023

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Hagerty Reinsurance Limited (Hagerty Re) (Hamilton, Bermuda). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect Hagerty Re's balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management (ERM). T.

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