logo
Twitter
Discord
Email
logo
Hagerty, Inc.

Hagerty, Inc.

NYSE•HGTY
CEO: Mr. McKeel O. Hagerty
Sector: Financial Services
Industry: Insurance - Property & Casualty
Listing Date: 2021-06-01
Hagerty, Inc. provides insurance agency services worldwide. It offers motor vehicle and boat insurance products; and reinsurance products. The company provides Hagerty Media, which publishes contents through the Hagerty Drivers Club Magazine (HDC), video content, and social media channels; HDC that offers subscription based products and services, including HDC Magazine, automotive enthusiast events, proprietary vehicle valuation tools, emergency roadside services, and special vehicle-related discounts. In addition, it offers HVT, a valuation tool used by the customer to access current and historic pricing data of collector vehicle models. Further, the company offers Hagerty Garage + Social, a platform that provides clubhouses and car storage facilities. Hagerty, Inc. is headquartered in Traverse City, Michigan.
Contact Information
121 Drivers Edge, Traverse City, MI, 49684, United States
800-922-4050
www.hagerty.com
Market Cap
$4.35B
P/E (TTM)
28.1
12
Dividend Yield
--
52W High
$14.00
52W Low
$8.03
52W Range
78%
Rank21Top 7.6%
6.0
F-Score
Modified Piotroski Analysis
Based on 7-year fundamentals
Strong • 6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2019-2025

Financial Dashboard

Q3 2025 Data

Revenue

$379.99M+17.51%
4-Quarter Trend

EPS

$0.18+476.92%
4-Quarter Trend

FCF

$85.22M+37.35%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Net Income Surges 72.7% Nine months Net Income reached $120.7M, marking a substantial 72.7% increase over the prior year period.
Revenue Growth 17.6 Percent Total Revenue grew to $1.07B for nine months, reflecting a strong 17.6% increase driven by premium growth.
Underwriting Profitability Improves Hagerty Re Combined Ratio improved 5.8 points to 89.3% for nine months, indicating better underwriting profitability.
Membership Base Expands HDC Paid Member Count reached 920,725, showing 5.1% growth, supporting recurring membership revenue streams.

Risk Factors

Fronting Arrangement Uncertainty Proposed Markel fronting arrangement completion is subject to definitive documentation and regulatory approvals; benefits realization uncertain.
Macroeconomic Spending Decline Rising interest rates and inflation may reduce consumer spending on collector cars, negatively impacting demand and results.
Tax Legislation Uncertainty Global minimum tax framework (Pillar 2) implementation remains uncertain, potentially increasing future effective tax rates.
Litigation Exposure Remains Ongoing claims and legal actions, including data security incident settlements, carry unpredictable financial outcomes.

Outlook

Markel Fronting Arrangement Proposed fronting arrangement with Markel expected to be signed Q4 2025, effective January 1, 2026, boosting profitability.
Enthusiast+ Product Rollout New Enthusiast+ insurance product launched in Colorado Q3 2025; phased nationwide rollout planned over next four years.
Tax Valuation Allowance Release Released $38.1M of valuation allowance due to sustained profitability, resulting in significant Q3 2025 income tax benefit.
Debt Covenants Compliance Maintained compliance with financial covenants under 2025 JPM Credit Facility and BAC Credit Facility as of September 30, 2025.

Peer Comparison

Revenue (TTM)

Mercury General CorporationMCY
$5.82B
+6.2%
Selective Insurance Group, Inc.SIGI
$5.23B
+10.9%
Associated Banc-CorpASB
$2.15B
-1.4%

Gross Margin (Latest Quarter)

BancFirst CorporationBANF
97.6%
+29.6pp
Hagerty, Inc.HGTY
82.1%
-3.3pp
FS KKR Capital Corp.FSK
66.3%
+7.3pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
LMND$5.93B-33.9-31.9%0.0%
WTM$5.23B37.33.0%6.2%
MCY$5.05B11.522.1%6.1%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
8.2%
Steady Growth
4Q Net Income CAGR
88.7%
Profitability Improved
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Next earnings:Mar 3, 2026
|
EPS:$0.03
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 4, 2025|
    Revenue: $379.99M+17.5%
    |
    EPS: $0.18+476.9%
    Beat

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 4, 2025|
    Revenue: $368.70M+18.4%
    |
    EPS: $0.09-6.3%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 7, 2025|
    Revenue: $319.59M+20.3%
    |
    EPS: $0.07-537.5%
    Beat

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 4, 2025|
    Revenue: $1.19B+17.8%
    |
    EPS: $0.10-73.7%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 7, 2024|
    Revenue: $323.37M+17.0%
    |
    EPS: $0.03-50.8%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 6, 2024|
    Revenue: $311.28M+20.0%
    |
    EPS: $0.10+232.0%
    Beat

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 7, 2024|
    Revenue: $265.57M+21.9%
    |
    EPS: $-0.02-91.1%
    Miss

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 12, 2024|
    Revenue: $1.01B+22.0%
    |
    EPS: $0.38+670.8%
    Beat