Hagerty Reports Second Quarter 2026 ResultsIncreases 2026 Growth Outlook First Half 2026 Highlights: Strong underlying operational performance with record growth in members, written premium, and earned premium First half 2026 Written Premium grew 19% year-over-year to $713 million Added a record 279,000 new members in the first half of 2026, with policy in force growth of 19% year-over-year to 1.9 million members First half 2026 Earned Premium increased 42% to $492 million Transition to Markel Fronting Arrangement on January 1, 2026 resulted in decrease to reported revenue as previously disclosed First half 2026 Net Loss of $5 million, including $153 million of pre-tax Markel Fronting Arrangement transitional costs, compared to Net Income of $74 million in the prior year period First half 2026 Adjusted EBITDA (a non-GAAP measure) increased 32% to $160 million, compared to $121 million in the prior year period First half 2026 Cash Flow from Operating Activities increased 91% to $186 million Increased 2026 Outlook — Written Premium growth of 16% to 17%, Net Income of $18 to $30 million, and Adjusted EBITDA of $270 to $280 million TRAVERSE CITY, Mich., Aug. 5, 2026 /PRNewswire/ -- Hagerty, Inc. (NYSE: HGTY) makes it easier and more enjoyable for car enthusiasts to drive and celebrate the vehicles they love — through specialty vehicle insurance, live and digital auctions, engaging media and events, and the Hagerty Drivers Club, the world's largest membership community of car lovers.
PRNewsWire8/5/2026Neutral