Hagerty, Inc. Reports Strong Q1 2026 Earnings with 18% Premium Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 06 2026
0mins
Source: seekingalpha
- Significant Premium Growth: Hagerty reported written premiums of $289 million in Q1 2026, reflecting an 18% year-over-year increase that exceeds full-year expectations, indicating strong market performance and growth potential.
- Record Policy Additions: The company added a record 112,000 policies in the first quarter, with a 15% increase in policies in force and an industry-leading retention rate of 89%, demonstrating the strength of its customer base and market appeal.
- Surge in Adjusted EBITDA: Adjusted EBITDA jumped 77% to $85 million, showcasing the company's success in cost control and operational efficiency, which lays a solid foundation for future profitability.
- Optimistic Outlook: Management reaffirmed its full-year guidance for 2026, anticipating written premium growth of 15% to 16% and adjusted EBITDA between $236 million and $247 million, reflecting confidence in future performance and ongoing market expansion plans.
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Analyst Views on HGTY
Wall Street analysts forecast HGTY stock price to rise
4 Analyst Rating
1 Buy
3 Hold
0 Sell
Hold
Current: 10.160
Low
11.00
Averages
13.50
High
15.00
Current: 10.160
Low
11.00
Averages
13.50
High
15.00
About HGTY
Hagerty, Inc. is an automotive enthusiast brand and specialty vehicle insurance provider. It is engaged in providing insurance for collector cars and enthusiast vehicles, helping the automotive enthusiast community protect and enjoy their special cars. Through its insurance business, the Company acts as a Managing General Agent (MGA) by underwriting, selling, and servicing collector car and enthusiast vehicle insurance policies on behalf of its insurance carrier partners. In addition, the Company offers Hagerty Drivers Club (HDC) memberships, which are primarily bundled with its insurance policies and give subscribers access to an array of products and services, including emergency roadside assistance, Hagerty Drivers Club Magazine, automotive enthusiast events, its proprietary vehicle valuation tool, and special vehicle-related discounts. The Company provides insurance for approximately 2.8 million collector cars and enthusiast vehicles.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Hagerty Wins Four Telly Awards, Showcasing Automotive Storytelling Excellence
- Award Achievement: Hagerty has won four Telly Awards in 2026, bringing its total to 26, which underscores its excellence in video and television, further solidifying its leadership in automotive content creation.
- Award-Winning Shows: The recognized programs include 'Revelations', 'ICONS', 'Cammisa Ultimate Drag Race Replay', and 'Ultimate Lap Battle', showcasing Hagerty's creative prowess while attracting a large audience through outstanding visual effects and cinematography.
- Audience Growth: Hagerty's YouTube channel has amassed hundreds of millions of views, and the Hagerty Drivers Club has become the largest car club globally with nearly one million members, enhancing the brand's influence among automotive enthusiasts.
- Content Strategy: By continuously delivering high-quality automotive content, Hagerty reinforces its position as a trusted voice for 67 million American car enthusiasts, demonstrating its strategic importance in multi-platform content creation.
See More
Hagerty Wins Four 2026 Telly Awards for Automotive Storytelling
- Award Achievement: Hagerty earned four honors at the 2026 Telly Awards, bringing its total to 26, which underscores its leadership in automotive storytelling and excellence in video and television production.
- Content Impact: The award-winning shows hosted by renowned automotive journalist Jason Cammisa highlight the brand's significance in automotive culture, attracting millions of viewers and enhancing its unique relationship with car enthusiasts.
- Audience Growth: Hagerty's YouTube channel has amassed hundreds of millions of views, while its Drivers Club boasts nearly a million members, establishing it as the largest car club globally and demonstrating the brand's extensive influence among automotive enthusiasts.
- Innovation Drive: By continuously delivering diverse media content and innovative insurance products, Hagerty maintains and grows loyalty among car enthusiasts, further enhancing its competitive edge in the market.
See More
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- Special Guest: 2026 Grand Marshal Paul Russell will showcase his restored classics, including the 1938 Bugatti Type 57SC Atlantic and the 1930 Mercedes-Benz SSK, underscoring his excellence in automotive restoration and further elevating the event's professionalism and appeal.
- Community Engagement: The event supports several nonprofit organizations and includes a Junior Judging program for 50 local youth, aimed at fostering their interest in automotive technology and design, thereby enhancing community involvement and educational significance.
See More
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- Surge in International Bidders: The auction attracted registered bidders from 31 countries, marking over 70% growth compared to 2025, reflecting Broad Arrow's expanding influence in the global collector car market.
- Classic Models in High Demand: The 2023 Ferrari Daytona SP3 sold for €6.25 million, becoming the star of the auction and further solidifying the status of Italian brands in the collector car market.
- Diverse Vehicle Showcase: Featuring 75 classic and modern collector cars, including brands like Ferrari and Lamborghini, the auction demonstrated Broad Arrow's appeal to global collectors and the diversity of the market.
See More
Hagerty, Inc. Reports Strong Q1 2026 Earnings with 18% Premium Growth
- Significant Premium Growth: Hagerty reported written premiums of $289 million in Q1 2026, reflecting an 18% year-over-year increase that exceeds full-year expectations, indicating strong market performance and growth potential.
- Record Policy Additions: The company added a record 112,000 policies in the first quarter, with a 15% increase in policies in force and an industry-leading retention rate of 89%, demonstrating the strength of its customer base and market appeal.
- Surge in Adjusted EBITDA: Adjusted EBITDA jumped 77% to $85 million, showcasing the company's success in cost control and operational efficiency, which lays a solid foundation for future profitability.
- Optimistic Outlook: Management reaffirmed its full-year guidance for 2026, anticipating written premium growth of 15% to 16% and adjusted EBITDA between $236 million and $247 million, reflecting confidence in future performance and ongoing market expansion plans.
See More
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- Earnings Overview: Hagerty's Q1 report reveals a Non-GAAP EPS of -$0.04 and revenue of $312 million, reflecting a 5% year-over-year decline, indicating competitive pressures in the market.
- EBITDA Surge: Despite the revenue drop, adjusted EBITDA increased by 77% to $85 million, showcasing significant improvements in cost control and operational efficiency within the company.
- 2026 Outlook: Hagerty anticipates a total revenue decline of 11% to 12% for 2026, with a projected net loss ranging from $51 million to $41 million, highlighting ongoing challenges ahead.
- Premium Growth Expectations: The company expects written premium growth of 15% to 16% in 2026, with a new fronting deal with Markel reshaping revenue, potentially laying the groundwork for future recovery.
See More
Hagerty Wins Four Telly Awards, Showcasing Automotive Storytelling Excellence
- Award Achievement: Hagerty has won four Telly Awards in 2026, bringing its total to 26, which underscores its excellence in video and television, further solidifying its leadership in automotive content creation.
- Award-Winning Shows: The recognized programs include 'Revelations', 'ICONS', 'Cammisa Ultimate Drag Race Replay', and 'Ultimate Lap Battle', showcasing Hagerty's creative prowess while attracting a large audience through outstanding visual effects and cinematography.
- Audience Growth: Hagerty's YouTube channel has amassed hundreds of millions of views, and the Hagerty Drivers Club has become the largest car club globally with nearly one million members, enhancing the brand's influence among automotive enthusiasts.
- Content Strategy: By continuously delivering high-quality automotive content, Hagerty reinforces its position as a trusted voice for 67 million American car enthusiasts, demonstrating its strategic importance in multi-platform content creation.
See More
Hagerty Wins Four 2026 Telly Awards for Automotive Storytelling
- Award Achievement: Hagerty earned four honors at the 2026 Telly Awards, bringing its total to 26, which underscores its leadership in automotive storytelling and excellence in video and television production.
- Content Impact: The award-winning shows hosted by renowned automotive journalist Jason Cammisa highlight the brand's significance in automotive culture, attracting millions of viewers and enhancing its unique relationship with car enthusiasts.
- Audience Growth: Hagerty's YouTube channel has amassed hundreds of millions of views, while its Drivers Club boasts nearly a million members, establishing it as the largest car club globally and demonstrating the brand's extensive influence among automotive enthusiasts.
- Innovation Drive: By continuously delivering diverse media content and innovative insurance products, Hagerty maintains and grows loyalty among car enthusiasts, further enhancing its competitive edge in the market.
See More
Greenwich Concours Celebrates 30th Anniversary with Iconic Automobiles
- Event Highlights: The Greenwich Concours, celebrating its 30th anniversary from May 29 to 31, is set to attract numerous automotive enthusiasts, showcasing over 300 rare classic cars, thereby enhancing the local automotive culture's influence.
- Schedule of Events: The weekend features a Grand Tour on Friday, a Concours de Sport on Saturday, and a Concours d'Elegance on Sunday, with 17 judged classes that highlight the pinnacle of automotive design, performance, and innovation, drawing participation from various manufacturers and enthusiasts.
- Special Guest: 2026 Grand Marshal Paul Russell will showcase his restored classics, including the 1938 Bugatti Type 57SC Atlantic and the 1930 Mercedes-Benz SSK, underscoring his excellence in automotive restoration and further elevating the event's professionalism and appeal.
- Community Engagement: The event supports several nonprofit organizations and includes a Junior Judging program for 50 local youth, aimed at fostering their interest in automotive technology and design, thereby enhancing community involvement and educational significance.
See More
Broad Arrow Auctions Achieves Record Sales at Concorso d'Eleganza Villa d'Este
- Record Auction Total: Broad Arrow Auctions achieved a remarkable €40.8 million in sales at the 2026 Concorso d'Eleganza Villa d'Este, with an impressive 87% sell-through rate, highlighting strong market demand and buyer enthusiasm.
- Surge in International Bidders: The auction attracted registered bidders from 31 countries, marking over 70% growth compared to 2025, reflecting Broad Arrow's expanding influence in the global collector car market.
- Classic Models in High Demand: The 2023 Ferrari Daytona SP3 sold for €6.25 million, becoming the star of the auction and further solidifying the status of Italian brands in the collector car market.
- Diverse Vehicle Showcase: Featuring 75 classic and modern collector cars, including brands like Ferrari and Lamborghini, the auction demonstrated Broad Arrow's appeal to global collectors and the diversity of the market.
See More
Hagerty, Inc. Reports Strong Q1 2026 Earnings with 18% Premium Growth
- Significant Premium Growth: Hagerty reported written premiums of $289 million in Q1 2026, reflecting an 18% year-over-year increase that exceeds full-year expectations, indicating strong market performance and growth potential.
- Record Policy Additions: The company added a record 112,000 policies in the first quarter, with a 15% increase in policies in force and an industry-leading retention rate of 89%, demonstrating the strength of its customer base and market appeal.
- Surge in Adjusted EBITDA: Adjusted EBITDA jumped 77% to $85 million, showcasing the company's success in cost control and operational efficiency, which lays a solid foundation for future profitability.
- Optimistic Outlook: Management reaffirmed its full-year guidance for 2026, anticipating written premium growth of 15% to 16% and adjusted EBITDA between $236 million and $247 million, reflecting confidence in future performance and ongoing market expansion plans.
See More
Hagerty Q1 Earnings: Revenue Decline but EBITDA Surge
- Earnings Overview: Hagerty's Q1 report reveals a Non-GAAP EPS of -$0.04 and revenue of $312 million, reflecting a 5% year-over-year decline, indicating competitive pressures in the market.
- EBITDA Surge: Despite the revenue drop, adjusted EBITDA increased by 77% to $85 million, showcasing significant improvements in cost control and operational efficiency within the company.
- 2026 Outlook: Hagerty anticipates a total revenue decline of 11% to 12% for 2026, with a projected net loss ranging from $51 million to $41 million, highlighting ongoing challenges ahead.
- Premium Growth Expectations: The company expects written premium growth of 15% to 16% in 2026, with a new fronting deal with Markel reshaping revenue, potentially laying the groundwork for future recovery.
See More
