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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TRAVERSE CITY, Mich., Feb. 2, 2022 /PRNewswire/ -- Hagerty, a leading automotive enthusiast brand offering a specialty automotive insurance platform built upon a membership organization for car lovers, has named its Allstar Advantage Agents for 2022, based on their outstanding past year performance.

Hagerty Names its Allstar Advantage Agents for 2022

TRAVERSE CITY, Mich., Feb. 2, 2022 /PRNewswire/ -- Hagerty, a leading automotive enthusiast brand, specialty car insurer, and membership organization for car lovers, has named its Top Gear Agents for 2022, based on their outstanding past year performance.

Hagerty Names its U.S. 'Top Gear' Agents for 2022

TRAVERSE CITY, Mich., Feb. 1, 2022 /PRNewswire/ -- Building on its purpose to save driving and its focus of preserving and expanding inspiring experiences for automotive enthusiasts, Hagerty, Inc., (NYSE: HGTY) announced a licensing agreement to produce Concours d'Lemons, a motoring festival designed to celebrate the oddball, mundane and unexceptional of the automotive world.

HAGERTY TO PRODUCE CONCOURS D'LEMONS; FIRST EVENT HELD IN CONJUNCTION WITH NEW CARS & COMMUNITY AT THE AMELIA

TRAVERSE CITY, Mich., Jan. 26, 2022 /PRNewswire/ -- On Monday, Hagerty, Inc., (NYSE: HGTY) launched a refreshed version of its popular Valuation Tools website.

HAGERTY AUTOMOTIVE INTELLIGENCE REFRESHES VALUATION WEBSITE; PREDICTS $211 MILLION IN UPCOMING CLASSIC CAR AUCTION SALES

TRAVERSE CITY, Mich., Dec. 20, 2021 /PRNewswire/ -- Today, Hagerty announced that it has opened its next premium clubhouse and car storage facility, Hagerty Garage + Social Seattle, which follows the openings of clubhouse locations in Delray Beach, New York, Chicago and Toronto, Canada.

Hagerty Garage + Social Goes Nationwide with Seattle Clubhouse for Driving Enthusiasts and Collectors

TRAVERSE CITY, Mich., Dec. 14, 2021 /PRNewswire/ -- Hagerty today unveiled its fifth annual Bull Market list, which features the enthusiast cars and trucks that the company's market experts predict will increase in value over the next 12 months.

Hagerty Announces 2022 U.S. Bull Market List - Buy these Vehicles Before They're Hot

Hagerty Inc (NYSE:HGTY) shares are trading higher after State Farm Mutual Automobile Insurance Company disclosed a 64.6% active stake in the company. Hagerty began trading on the NYSE Monday.

Why Hagerty Shares Are Rising

TRAVERSE CITY, Mich. , Dec. 6, 2021 /PRNewswire/ -- Earlier today, Hagerty, Inc., (NYSE: HGTY) an automotive lifestyle brand and a leading specialty insurance provider focused on the global automotive enthusiast market, rang the opening bell at the New York Stock Exchange to celebrate its recently completed public listing under the ticker symbols HGTY and HGTY.WS, respectively.

Hagerty Rings the Opening Bell at New York Stock Exchange

TRAVERSE CITY, Mich., Dec. 3, 2021 /PRNewswire/ -- Hagerty, Inc. (NYSE: HGTY) ("Hagerty" or the "Company"), an automotive lifestyle brand and a leading specialty insurance provider focused on the global automotive enthusiast market, announced that shares of its common stock and warrants will begin trading today on the New York Stock Exchange under the ticker symbols HGTY and HGTY.WS, respectively.

Hagerty Debuts Today as a Publicly Traded Company on the New York Stock Exchange After Completing Business Combination with Aldel Financial

News for Hagerty Stock (HGTY)