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. , July 11, 2022 /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 second quarter 2022 financial results after the market closes on Wednesday, August 10, 2022.

Hagerty to Report Second Quarter 2022 Results and Host Conference Call on Wednesday, August 10, 2022

TRAVERSE CITY, Mich.--(BUSINESS WIRE)--Hagerty (NYSE: HGTY), an automotive lifestyle brand and a leading specialty insurance provider focused on the global automotive enthusiast market, today announced Jay Koval as its Senior Vice President of Investor Relations. In this newly created role, Koval will guide the development of the company's investor relations (IR) function for Hagerty. He will report to Chief Financial Officer Frederick J. Turcotte, collaborating closely with senior leaders acro

Hagerty Announces Capital Markets Veteran Jay Koval to Lead Investor Relations

TRAVERSE CITY, Mich. , June 7, 2022 /PRNewswire/ -- The Greenwich Concours d'Elegance held June 3-5, 2022, in Greenwich, Connecticut, celebrated car culture and honored concours tradition with more than 8,000 enthusiasts.

By the Numbers: The 2022 Greenwich Concours d'Elegance

TRAVERSE CITY, Mich. , May 26, 2022 /PRNewswire/ -- Hagerty, Inc., (NYSE: HGTY) an automotive lifestyle brand and a leading specialty insurance provider focused on global automotive enthusiasts, today announced a new digital classifieds platform where Hagerty Drivers Club (HDC) members can buy and sell collectible and exotic cars, trucks and motorcycles.

Hagerty Expands Marketplace Business Adding Digital Classifieds Platform

Joyce Bellows joins the executive team to lead the strategy and execution of Hagerty's internal audit program TRAVERSE CITY, Mich. , May 24, 2022 /PRNewswire/ -- Hagerty (NYSE: HGTY), an automotive lifestyle brand and a leading specialty insurance provider focused on the global automotive enthusiast market, today announced the expansion of its senior executive team with the hiring of Joyce Bellows as Senior Vice President of Internal Audit.

Hagerty Welcomes New Senior Vice President of Internal Audit

TRAVERSE CITY, Mich. , May 16, 2022 /PRNewswire/ -- Adding to its growing senior leadership team, Hagerty (HGTY) today announced the hiring of Candace Mueller as Vice President of Brand Communications.

Hagerty Adds New Vice President of Brand Communications

Hagerty, Inc. (NYSE:HGTY ) Q1 2022 Earnings Conference Call May 9, 2022 5:00 PM ET Company Participants Garrett Edson - ICR, IR McKeel Hagerty - Chief Executive Officer Fred Turcotte - Chief Financial Officer Conference Call Participants Operator Greetings. And welcome to the Hagerty's First Quarter 2022 Earnings Call.

Hagerty, Inc.'s (HGTY) CEO McKeel Hagerty on Q1 2022 Results - Earnings Call Transcript

Total Revenue grew  30% year-over-year to $167.8 million Written Premium grew  16% year-over-year to $154.8 million Total Active Members  grew 11% year-over-year to 2.5 million TRAVERSE CITY, Mich., May 9, 2022 /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 months ended March 31, 2022.

Hagerty Reports First Quarter 2022 Results

TRAVERSE CITY, Mich. , April 21, 2022 /PRNewswire/ -- Hagerty, Inc. (HGTY) has launched Digital Labs, a strategic initiative that allows the company to quickly pivot to new products and adopt new business models while fostering a mindset of innovation.

Hagerty launches Digital Labs initiative to help build and scale tech-driven solutions for the automotive enthusiast industry

Speed Digital provides cloud-based technology solutions for dealers, auction houses, collectors and enthusiasts TRAVERSE CITY, Mich. , April 14, 2022 /PRNewswire/ -- Hagerty, Inc. (NYSE: HGTY), an automotive lifestyle brand and a leading specialty insurance provider focused on the global automotive enthusiast market, today announced the acquisition of Speed Digital, an industry leading provider of cloud-based technology solutions for dealers, auction houses, collectors  and enthusiasts.

Hagerty Adds Speed Digital to its Growing Ecosystem of Automotive Lifestyle Products and Services

TRAVERSE CITY, Mich., April 11, 2022 /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 first quarter 2022 financial results after the market closes on Monday, May 9, 2022.

Hagerty to Report First Quarter 2022 Results and Host Conference Call on Monday, May 9, 2022

TRAVERSE CITY, Mich. , April 7, 2022 /PRNewswire/ -- Hagerty is excited to announce Motorlux, a fresh take on Monterey Car Week's kick-off party which builds on the foundation of McCall's Motorworks Revival.

Introducing Motorlux, a Reimagined Event that Builds on McCall's Motorworks Revival's Legacy

David Pattillo joins the executive team to lead Publishing & Business Development TRAVERSE CITY, Mich. , March 31, 2022 /PRNewswire/ -- Hagerty, an automotive lifestyle brand and a leading specialty insurance provider focused on the global automotive enthusiast market, today announced the expansion of its senior executive team with the hiring of David Pattillo as Senior Vice President of Commercial Partnerships.

Hagerty Welcomes New Senior Vice President of Commercial Partnerships

TRAVERSE CITY, Mich. , March 30, 2022 /PRNewswire/ -- Hagerty, an automotive lifestyle brand and a leading specialty insurance provider focused on the global automotive enthusiast market, today announced the expansion of its senior executive team with the hiring of Shoba Menon as Senior Vice President of Talent.

Hagerty Welcomes New Senior Vice President of Talent to Oversee Acquisition and Employee Development Strategies

Hagerty, Inc. (HGTY) CEO McKeel Hagerty on Q4 2021 Results - Earnings Call Transcript

Full Year 2021 - Total Revenue grew 24% year-over-year to $619.1 million - Written Premium grew 17% year-over-year to $674.3 million - Total Active Members grew 13% year-over-year to 2.4 million TRAVERSE CITY, Mich. , March 24, 2022 /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 year ended December 31, 2021.

Hagerty Reports Full Year 2021 Results

TRAVERSE CITY, Mich., March 9, 2022 /PRNewswire/ -- Today, Hagerty announced the addition of RADwood, an event brand devoted to celebrating the '80s and '90s automotive lifestyle, to its growing event portfolio.

RADwood Series of '80s and '90s Automotive Celebrations Joins Hagerty Events Portfolio

TRAVERSE CITY, Mich.,, March 9, 2022 /PRNewswire/ -- The Amelia, one of the most anticipated and high-profile events in the automotive world, held March 3-6, 2022 on Amelia Island, Florida, set a new standard for charitable giving and youth outreach.

The Amelia by the Numbers with Hagerty at the Wheel in 2022

TRAVERSE CITY, Mich., March 2, 2022 /PRNewswire/ -- Hagerty is excited to debut the inaugural Detroit Concours d'Elegance and its new dates, September 16-18, 2022.

Detroit Concours d'Elegance Debuts, Reimagined Event Builds on Concours of America's Four Decade Track Record

TRAVERSE CITY, Mich., Feb. 28, 2022 /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 fourth quarter and full year 2021 financial results for the period ended December 31, 2021, on Thursday, March 24, 2022.

Hagerty to Report Fourth Quarter and Full Year 2021 Results and Host Conference Call on March 24, 2022

TRAVERSE CITY, Mich. , Feb. 11, 2022 /PRNewswire/ -- Hagerty today announced the expansion of its senior executive team with the hiring of Prakash Ranjan as vice president of marketing technology.

Hagerty Welcomes New Vice President of Marketing Technology to Lead Digital Transformation

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.

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