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

$3.64B

P/E (TTM)

21.7

11.8

Dividend Yield

52W High

$14.00

52W Low

$8.03

52W Range

43%

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

Q4 2025 Data

Revenue

$357.33M+0.00%

4-Quarter Trend

EPS

$0.10+0.00%

4-Quarter Trend

FCF

$23.07M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Net Income Soars 90.6% Net Income reached $149.2M, marking a substantial 90.6% increase over prior year results for 2025.

Marketplace Revenue Doubles Marketplace revenue surged 116.6% to $120.1M, fueled by Broad Arrow's inaugural European auction expansion.

Insurance Profitability Improves Hagerty Re Combined Ratio improved 7.5 points to 86.6%, demonstrating strong underwriting profitability improvement.

Strong Policy Growth Policies in Force grew 11.8% to 1.68M, supported by 33.3% New Business Count increase in Insurance segment.

Risk Factors

Fronting Arrangement Volatility 100% risk assumption via Markel Fronting Arrangement increases underwriting volatility exposure starting January 2026.

Key Partner Dependence Business relies heavily on limited underwriting carrier partners, risking disruption upon termination or misalignment.

Cybersecurity Threat Exposure Cyber threats and resiliency failures could impair website availability and crucial technology operations across platforms.

Regulatory Compliance Burden Extensive, complex, and evolving legal regulations increase compliance costs and may restrict data usage practices.

Outlook

Markel Risk Shift Complete Full 100% risk assumption from Markel effective January 2026, aiming for enhanced profitability and operational control.

Enthusiast+ Nationwide Rollout Enthusiast+ product launch in Colorado signals phased nationwide rollout planned over the next four years.

Marketplace Expansion Continues Broad Arrow plans further auction calendar expansion, including inaugural Paris auction scheduled for Q1 2026.

New Segment Reporting Segment reporting updated to Insurance and Marketplace reflecting geographic and revenue expansion starting Q4 2025.

Peer Comparison

Revenue (TTM)

MCY

$5.99B

+9.4%

SIGI

$5.34B

+9.8%

CNO

$4.49B

+0.9%

Gross Margin (Latest Quarter)

BANF

100.0%

+29.6pp

SIGI

100.0%

+0.0pp

PJT

99.4%

+0.7pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
WTM	$5.49B	5.1	22.9%	6.8%
SIGI	$5.06B	10.9	13.6%	6.0%
MCY	$5.06B	9.3	25.6%	6.1%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

3.8%

Moderate Growth

4Q Net Income CAGR

1.8%

Profitability Slowly Improving

Cash Flow Stability

100%

Strong Cash Flow

Deep Research

Next earnings:May 5, 2026

EPS:-

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data