Hagerty written premium rises 19% to $425 million
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- Hagerty’s second-quarter written premium increased 19% to $425 million, while earned premium rose 42% to $252 million.
- Reported revenue fell 6% to $355 million, while Hagerty shares gained 1.5% following the results.
- Hagerty raised its 2026 adjusted EBITDA forecast to $270–$280 million.
Hagerty (NYSE:HGTY) reported second-quarter written premium of $425 million, up 19%, while reported revenue fell 6% to $355 million.
Earned premium rose 42% to $252 million, while policies in force increased 19% to 1.9 million.
Quarterly net income was $8 million, adjusted EBITDA reached $75 million and transitional costs totalled $64 million.
Hagerty raised its 2026 adjusted EBITDA forecast to $270–$280 million.
Following the announcement, Hagerty's share price was up 1.5% at $11.72.
First-half operating cash flow rose 91% to $186 million, while the combined ratio improved to 88.1% from 89.1%.
Marketplace revenue climbed 48% to $40 million, and Hagerty Drivers Club paid membership rose 6% to more than 962,000.
