Hagerty Q1 Earnings: Revenue Decline but EBITDA Surge
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 06 2026
0mins
Should l Buy HGTY?
Source: seekingalpha
- 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.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy HGTY?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on HGTY
Wall Street analysts forecast HGTY stock price to rise
4 Analyst Rating
1 Buy
3 Hold
0 Sell
Hold
Current: 9.990
Low
11.00
Averages
13.50
High
15.00
Current: 9.990
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, 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
Hagerty Reports Strong Q1 2026 Financial Results
- Significant Premium Growth: Hagerty achieved an 18% increase in written premiums in Q1 2026, surpassing full-year expectations, while earned premiums grew by 42%, indicating the company's sustained competitiveness in the insurance market and potential for future profitability.
- Record Auction Sales: Broad Arrow set a record with $111 million in sales during Amelia Car Week, achieving a 92% sell-through rate, which not only enhances brand image but also builds customer trust, further solidifying Hagerty's position among car enthusiasts.
- Optimistic Financial Outlook: Hagerty reaffirmed its expectation for sustained compounding growth in 2026, projecting total written premiums between $1.373 billion and $1.385 billion, reflecting confidence in long-term strategic execution, particularly in maintaining a 100% quota share with Markel.
- Ongoing Technology Investments: Hagerty plans to enhance operational efficiency through investments in its technology platform, and despite facing transitional costs, it expects to achieve higher profitability in 2026, showcasing the company's long-term growth potential in the market.
See More
Broad Arrow's 2026 Porsche Auction Achieves Record Sales
- Total Auction Sales: The 2026 Porsche Air|Water Auction achieved total sales of $20 million, marking Broad Arrow's best performance in this series with an 84% sell-through rate, indicating strong demand for luxury vehicles and solidifying the company's leadership in the high-end auction market.
- Star Lot Performance: The 2015 Porsche 918 Spyder Weissach topped the auction with a final sale price of $4.68 million, showcasing the investment potential of high-end automobiles while attracting new bidders, with nearly 50% of participants being first-time bidders.
- Unique Model Appeal: The 1990 and 1992 Porsche 911s reimagined by Singer sold for $1,022,500 and $1,160,000 respectively, demonstrating the ongoing allure of bespoke models in the collector market, reflecting consumer preferences for personalization and rarity.
- Future Auction Plans: Broad Arrow is set to return to Lake Como, Italy, on May 16-17 for its second annual official auction of the Concorso d'Eleganza Villa d'Este, expected to attract more high-end buyers and further enhance brand influence and market share.
See More
Broad Arrow Auctions to Showcase 75 Collector Cars at Villa d'Este
- Auction Highlights: Broad Arrow Auctions is set to host its second annual sale on May 16-17 at Villa Erba, Lake Como, featuring over 75 curated collector cars, which has generated significant interest among automotive enthusiasts.
- Ferrari Daytona SP3: The star of the auction is the 2023 Ferrari Daytona SP3, estimated between €6.5 million and €8.5 million, and as one of only 600 units produced, its unique design and powerful 829-horsepower V12 engine make it a coveted item for collectors.
- Diverse Model Selection: In addition to the Daytona SP3, the auction includes the 2008 Ferrari 430 Scuderia, estimated between €700,000 and €800,000, showcasing its unique color and fewer than 10,000 kilometers, further enhancing its market appeal.
- Global Influence: As the official auction partner of Hagerty, Broad Arrow Auctions is rapidly growing in the global collector car market, continuously enhancing its brand influence and attracting more international buyers to participate in the auction.
See More
First Gordon Murray T.50 Auction Achieves $8M Sale
- Auction Success: Broad Arrow Auctions achieved a remarkable sale of a 2025 Gordon Murray T.50 for $8,035,000 during the 2026 California Mille, highlighting the strong demand and active participation in the supercar market among collectors.
- Unique Vehicle Background: This model is one of only 100 units produced, featuring a 3.9-liter Cosworth GMA V-12 engine that delivers 661 horsepower, showcasing Gordon Murray's exceptional design prowess in the supercar segment, which attracted significant interest from multiple bidders.
- Charitable Contribution: A portion of the auction proceeds will benefit the California Highway Patrol 11-99 Foundation and McPherson College's Automotive Restoration Program, reflecting Broad Arrow Auctions' commitment to promoting automotive culture and social responsibility.
- Future Auction Plans: Broad Arrow Auctions will continue its auction calendar on April 25 with the third annual single-marque Porsche Auction, expected to draw more automotive enthusiasts and collectors, further solidifying its leadership position in the global collector car auction 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
Hagerty Reports Strong Q1 2026 Financial Results
- Significant Premium Growth: Hagerty achieved an 18% increase in written premiums in Q1 2026, surpassing full-year expectations, while earned premiums grew by 42%, indicating the company's sustained competitiveness in the insurance market and potential for future profitability.
- Record Auction Sales: Broad Arrow set a record with $111 million in sales during Amelia Car Week, achieving a 92% sell-through rate, which not only enhances brand image but also builds customer trust, further solidifying Hagerty's position among car enthusiasts.
- Optimistic Financial Outlook: Hagerty reaffirmed its expectation for sustained compounding growth in 2026, projecting total written premiums between $1.373 billion and $1.385 billion, reflecting confidence in long-term strategic execution, particularly in maintaining a 100% quota share with Markel.
- Ongoing Technology Investments: Hagerty plans to enhance operational efficiency through investments in its technology platform, and despite facing transitional costs, it expects to achieve higher profitability in 2026, showcasing the company's long-term growth potential in the market.
See More
Broad Arrow's 2026 Porsche Auction Achieves Record Sales
- Total Auction Sales: The 2026 Porsche Air|Water Auction achieved total sales of $20 million, marking Broad Arrow's best performance in this series with an 84% sell-through rate, indicating strong demand for luxury vehicles and solidifying the company's leadership in the high-end auction market.
- Star Lot Performance: The 2015 Porsche 918 Spyder Weissach topped the auction with a final sale price of $4.68 million, showcasing the investment potential of high-end automobiles while attracting new bidders, with nearly 50% of participants being first-time bidders.
- Unique Model Appeal: The 1990 and 1992 Porsche 911s reimagined by Singer sold for $1,022,500 and $1,160,000 respectively, demonstrating the ongoing allure of bespoke models in the collector market, reflecting consumer preferences for personalization and rarity.
- Future Auction Plans: Broad Arrow is set to return to Lake Como, Italy, on May 16-17 for its second annual official auction of the Concorso d'Eleganza Villa d'Este, expected to attract more high-end buyers and further enhance brand influence and market share.
See More
Broad Arrow Auctions to Showcase 75 Collector Cars at Villa d'Este
- Auction Highlights: Broad Arrow Auctions is set to host its second annual sale on May 16-17 at Villa Erba, Lake Como, featuring over 75 curated collector cars, which has generated significant interest among automotive enthusiasts.
- Ferrari Daytona SP3: The star of the auction is the 2023 Ferrari Daytona SP3, estimated between €6.5 million and €8.5 million, and as one of only 600 units produced, its unique design and powerful 829-horsepower V12 engine make it a coveted item for collectors.
- Diverse Model Selection: In addition to the Daytona SP3, the auction includes the 2008 Ferrari 430 Scuderia, estimated between €700,000 and €800,000, showcasing its unique color and fewer than 10,000 kilometers, further enhancing its market appeal.
- Global Influence: As the official auction partner of Hagerty, Broad Arrow Auctions is rapidly growing in the global collector car market, continuously enhancing its brand influence and attracting more international buyers to participate in the auction.
See More
First Gordon Murray T.50 Auction Achieves $8M Sale
- Auction Success: Broad Arrow Auctions achieved a remarkable sale of a 2025 Gordon Murray T.50 for $8,035,000 during the 2026 California Mille, highlighting the strong demand and active participation in the supercar market among collectors.
- Unique Vehicle Background: This model is one of only 100 units produced, featuring a 3.9-liter Cosworth GMA V-12 engine that delivers 661 horsepower, showcasing Gordon Murray's exceptional design prowess in the supercar segment, which attracted significant interest from multiple bidders.
- Charitable Contribution: A portion of the auction proceeds will benefit the California Highway Patrol 11-99 Foundation and McPherson College's Automotive Restoration Program, reflecting Broad Arrow Auctions' commitment to promoting automotive culture and social responsibility.
- Future Auction Plans: Broad Arrow Auctions will continue its auction calendar on April 25 with the third annual single-marque Porsche Auction, expected to draw more automotive enthusiasts and collectors, further solidifying its leadership position in the global collector car auction market.
See More
