Hagerty Reports First Quarter 2026 Results; Reaffirms 2026 Growth Outlook

About this update from Hagerty, Inc.

[{"type":"text","content":"First quarter 2026 Highlights","length":29,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Completed strategic evolution to assume control of Markel program and 100% of premium post transition to fronting arrangement","length":125,"tagName":"p"}]},{"val":[{"type":"text","content":"Strong underlying operational performance with growth in written premiums, earned premium and members","length":101,"tagName":"p"}]},{"val":[{"type":"text","content":"Transition to fronting arrangement resulted in decrease to reported revenue as previously disclosed","length":99,"tagName":"p"}]},{"val":[{"type":"text","content":"Written Premium increased 18% to $289 million","length":45,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Policies in force increased 15% to 1.8 million with a record 112,000 new policies added in the first quarter","length":108,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":108,"olType":false}]},{"val":[{"type":"text","content":"Earned premium increased 42% to $240 million","length":44,"tagName":"p"}]},{"val":[{"type":"text","content":"Net Loss of $13 million, including $89 million of pre-tax Markel Fronting Arrangement transitional costs, compared to Net Income of $27 million in the prior year period","length":168,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA (a non-GAAP measure) increased 77% to $85 million, compared to $48 million in the prior year period","length":115,"tagName":"p"}]},{"val":[{"type":"text","content":"Reaffirmed 2026 Outlook for Written Premium growth of 15% to 16%","length":64,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":869,"olType":false},{"type":"text","content":"TRAVERSE CITY, Mich., May 6, 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. Today the company announced financial results for the three months ended March 31, 2026.","length":449,"tagName":"p"},{"type":"image","alt":"Hagerty New Logo (PRNewsfoto/Hagerty)","displaySize":"","headline":null,"caption":"Hagerty New Logo (PRNewsfoto/Hagerty)","className":"","disableSl...

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