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HGTY News
HGTY Events
Hagerty Raises FY26 Adjusted EBITDA Outlook to $270M-$280M
Consensus $1.3B. Raises FY26 adjusted EBITDA view to $270M-$280M from $236M-$247M. "Our momentum is showing up across every part of the Hagerty ecosystem, including crossing three million insured vehicles. Broad Arrow delivered first half revenue growth of 17%, with a 91% auction sell-through rate and demand from buyers on multiple continents. And in the third quarter, we will welcome the team and members of Bennetts, the United Kingdom's second largest specialty motorcycle insurance broker to the Hagerty family, tripling our scale in that market," added Hagerty.
Hagerty Q2 Revenue $354.82M Beats Expectations
Reports Q2 revenue $354.82M, consensus $314.17M. "The first half of 2026 has been the best in Hagerty's history, and our results give us the confidence to significantly increase our full year outlook. We delivered year-to-date written premium growth of 19% and Adjusted EBITDA gains of 32%, reflecting the compounding power of our model as we now control 100% of the economics on our U.S. book. This is what forty years of building trust - one member, one partner, one car at a time - looks like when the flywheel hits its stride," said McKeel Hagerty, Chief Executive Officer and Chairman of Hagerty.
Hagerty Acquires Bennetts for GBP34M
Hagerty has entered into a definitive agreement to acquire Bennetts, the U.K.'s #2 specialty motorcycle insurance broker, from Lucida Group for GBP34M, or approximately $43M. The transaction is expected to be immediately accretive, and close during the third quarter of 2026, subject to regulatory approval. Founded more than 90 years ago, Bennetts brings 15% UK motorcycle insurance market share and a 65 Net Promoter Score through a member-centric approach similar to Hagerty's model in the enthusiast car space. The acquisition is also expected to triple Hagerty's UK revenue to approximately GBP25M, and to be financially accretive from day one.
Hagerty Sees FY26 Adjusted EBITDA Between $236M and $247M
Backs FY26 adjusted EBITDA view $236M-$247M. The company said, "We believe 2026 is on track to be another great year of underlying profit growth for Hagerty as our team executes on our long-term plan to deliver compounding premium growth through investing in our long-term competitive advantages with our member-centric approach. As of January 1, 2026, we moved to a 100% quota share arrangement with our long-term partner, Markel, where we retain 100% of the premium and risk from our high-quality, historically low volatility underwriting. We also remain focused on delivering this growth more efficiently through the benefits of scale, continued cost discipline, and investments in our technology platform."
Hagerty Q1 Revenue $311.83M Beats Expectations
Reports Q1 revenue $311.83M, consensus $283.26M. "First quarter results and the breadth of momentum across our ecosystem give us increasing confidence in our full year outlook that we reaffirmed today. We delivered 18% written premium growth in the first quarter, ahead of our full year outlook, and earned premium growth of 42% with the January 1, 2026 increase in quota share to 100%. 2026 is performing better than expected economically, even if the financial presentation looks different as we transition to the new Markel Fronting Arrangement. The presentation is different but the business is not, as we delivered another quarter of record growth," said McKeel Hagerty, Chief Executive Officer and Chairman of Hagerty.
This page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.