Business
Hagerty Reports Second Quarter 2025 Results; Increases 2025 Outlook for Revenue and Profit Growth
Hagerty, Inc. (NYSE: HGTY), an automotive enthusiast brand and leading specialty vehicle insurance provider, announced today financial results for the three and six months ended June 30, 2025.
About this update from Hagerty, Inc.
[{"type":"list","items":[{"val":[{"type":"text","content":"The Company increased its full year 2025 outlook for Total Revenue growth to 13-14%, Net Income growth of 43-53%, and Adjusted EBITDA growth of 30-38%","length":150,"tagName":"p"}]},{"val":[{"type":"text","content":"Second quarter 2025 Total Revenue increased 18% year-over-year to $368.7 million, and year-to-date 2025 Total Revenue increased 18% to $688.3 million","length":149,"tagName":"p"}]},{"val":[{"type":"text","content":"Second quarter 2025 Written Premium increased 11% year-over-year to $356.0 million, and year-to-date 2025 Written Premium increased 11% to $600.3 million","length":153,"tagName":"p"}]},{"val":[{"type":"text","content":"Second quarter 2025 Marketplace revenue increased 327% year-over-year to $26.8 million, and year-to-date 2025 Marketplace revenue increased 232% to $55.8 million","length":161,"tagName":"p"}]},{"val":[{"type":"text","content":"Second quarter 2025 Operating Income increased 25% year-over-year to $47.7 million, and year-to-date 2025 Operating Income increased 46% to $73.4 million","length":153,"tagName":"p"}]},{"val":[{"type":"text","content":"Second quarter 2025 Net Income increased 11% year-over-year to $47.2 million, and year-to-date 2025 Net Income increased 46% to $74.5 million","length":141,"tagName":"p"}]},{"val":[{"type":"text","content":"Second quarter 2025 Adjusted EBITDA increased 20% year-over-year to $63.7 million, and year-to-date 2025 Adjusted EBITDA increased 28% to $103.4 million","length":152,"tagName":"p"}]},{"val":[{"type":"text","content":"Second quarter 2025 Basic and Diluted Earnings Per Share was $0.09, and year-to-date 2025 Basic and Diluted Earnings Per Share was $0.16","length":136,"tagName":"p"}]},{"val":[{"type":"text","content":"The Company announced a non-binding LOI for a new fronting arrangement with Markel that would result in Hagerty controlling 100% of the premium as of January 1, 2026","length":165,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":1360,"olType":false},{"type":"text","content":"TRAVERSE CITY, Mich., Aug. 4, 2025 /PRNewswire/ -- Hagerty, Inc. (NYSE: HGTY), an automotive enthusiast brand and leading specialty vehicle insurance provider, announced today financial results for the three and six months ended June 30, 2025.","length":243,"tagName":"p"},{"type":"image","alt":"Hagerty (PRNewsfoto/Hagerty)",...