Financial Performance - Total revenue grew by 18% to $1,068 million YTD Q3 2025[5] - Operating income increased by 78% to $108 million compared to $60 million[9] - Net income increased by 73% to $121 million compared to $70 million[9] - Adjusted EBITDA increased by 46% to $153 million compared to $105 million[9] Revenue Components - Commission and fee revenue increased by 14%[9] - Membership, Marketplace, and other revenue increased by 54%, with Marketplace growth at 135%[9] - Earned premium in Hagerty Re increased by 12%[9] Strategic Initiatives - Hagerty aims to double its policies in force to 3.0 million by 2030[10, 16] - Signed a new partnership with Liberty Mutual to offer enhanced collectible car insurance[7] - Announced a non-binding LOI for a new fronting arrangement with Markel, expecting to control 100% of the premium beginning in 2026[7, 17] Updated Outlook for 2025 - Total revenue is projected to be between $1,368 million and $1,380 million, representing a 14%-15% increase[44] - Net income is projected to be between $124 million and $129 million, representing a 58%-65% increase[44] - Adjusted EBITDA is projected to be between $170 million and $176 million, representing a 37%-41% increase[44]