Core Insights - Hagerty, Inc. is a prominent player in the automotive enthusiast community, primarily focusing on specialty vehicle insurance [1] - A director at Hagerty, Kauffman Robert I, sold 12,219 shares at $11.19 each but retains a significant holding of 952,593 shares [1][6] - The company is scheduled to release its third-quarter 2025 financial results on November 4, 2025, with a conference call to discuss these results [2][6] Financial Metrics - Hagerty has a price-to-earnings (P/E) ratio of 13.45, indicating how the market values its earnings [3][6] - The price-to-sales ratio stands at 2.98, reflecting the market's valuation of its revenue [3] - The enterprise value to sales ratio is 3.02, while the enterprise value to operating cash flow ratio is 25.99, providing a broader view of the company's valuation [4] - The earnings yield is 7.44%, indicating the return on investment for shareholders [4] - The debt-to-equity ratio is 1.13, showing the level of financial leverage used by the company [5][6]

TRAVERSE CITY, Mich., Oct. 21, 2025 /PRNewswire/ -- Hagerty, Inc. (NYSE: HGTY), an automotive enthusiast brand and a leading specialty vehicle insurance provider, today announced it will report its third quarter 2025 financial results before the market opens on Tuesday, November 4, 2025. Hagerty will hold a conference call to discuss the financial results at 10:00 am Eastern Time on that day. A live webcast of the conference call will be available on Hagerty's investor relations website at investor.hagerty. ...

Company Overview - Hagerty, Inc. is an automotive lifestyle brand and a leading specialty insurance provider focused on the global automotive enthusiast market [1][3] - The company offers specialty vehicle insurance, expert car valuation data, live and digital car auction services, and automotive entertainment [3] - Hagerty operates in Canada and the U.K., and has a community of over 900,000 members in the Hagerty Drivers Club [3] Upcoming Event - Hagerty will present at the KBW Insurance Conference on September 4, 2025, at 1:35 p.m. ET [1] - The presentation will feature a fireside chat with CEO McKeel Hagerty and CFO Patrick McClymont discussing various topics [1] Accessibility of Presentation - The live presentation will be available online, and a replay will be accessible for 365 days on Hagerty's investor relations site [2]

Core Viewpoint - Hagerty, Inc. announced a secondary public offering of 8,700,000 shares of its Class A Common Stock, with an additional option for underwriters to purchase up to 1,305,000 shares [1][2]. Company Overview - Hagerty is a leading specialty vehicle insurance provider and automotive enthusiast brand, serving over 900,000 members in its Hagerty Drivers Club and catering to the 67 million Americans who identify as car enthusiasts [9]. Offering Details - The proceeds from the sale will not benefit Hagerty directly; instead, they will be used by the Selling Stockholders for a redemption related to the estate of Kim Hagerty [2]. - The underwriting team includes Keefe, Bruyette & Woods, J.P. Morgan, BMO Capital Markets, Citizens Capital Markets, Wells Fargo Securities, and Oppenheimer & Co. [2]. Regulatory Information - Hagerty has filed a registration statement with the SEC for the offering, which includes a prospectus that potential investors should review for complete information [3].

Core Insights - Hagerty, Inc. reported strong financial results for the first half of 2025, with revenue growth of 18%, net income growth of 46%, and Adjusted EBITDA growth of 28% [2][5][19] - The company has increased its 2025 revenue growth outlook to 13-14% and expects net income growth of 43-53% [3][5] Financial Performance - Total revenue for Q2 2025 increased 18% year-over-year to $368.7 million, with year-to-date revenue also up 18% to $688.3 million [5][6] - Written premium for Q2 2025 rose 11% year-over-year to $356.0 million, with year-to-date written premium increasing 11% to $600.3 million [5][6] - Marketplace revenue surged 327% year-over-year to $26.8 million in Q2 2025, and year-to-date marketplace revenue increased 232% to $55.8 million [5][6] - Operating income for Q2 2025 increased 25% year-over-year to $47.7 million, with year-to-date operating income up 46% to $73.4 million [5][6] - Net income for Q2 2025 rose 11% year-over-year to $47.2 million, while year-to-date net income increased 46% to $74.5 million [5][6] Key Metrics - The company maintained a Policies in Force Retention rate of 88.7% as of June 30, 2025, with total insured vehicles increasing 6% year-over-year to 2.7 million [6][24] - The Loss Ratio for Q2 2025 was 42.3%, compared to 41.1% in the prior year period [6][24] - Membership, marketplace, and other revenue increased 78% year-over-year to $47.6 million in Q2 2025 [6][24] Outlook - Hagerty anticipates continued revenue growth and margin expansion in 2025, with planned investments of $20 million primarily in technology [8][16] - The company is positioned for sustained profit growth through its focus on insurance, membership, and marketplace businesses [8][16]

McKendry is responsible for driving continuous and transformational improvement for Hagerty's insurance products. This includes product development and implementation, pricing, underwriting, reserving, and reinsurance. His focus will be on expanding and evolving Hagerty's offerings through data and customer driven insights. McKendry brings to his role at Hagerty more than two decades of experience from GEICO, Lemonade, Metromile, and Progressive. "Adam and Jesse are accomplished leaders with impressive trac ...

Core Insights - The Amelia has announced Dario Franchitti MBE as the honoree for the 2026 event, recognizing his significant contributions to motorsport and car culture [1][2][4] Event Details - The Amelia will take place from March 5-8, 2026, featuring a variety of activities including an evening event called Reverie, a two-day auction by Hagerty's Broad Arrow Auctions, and a concours showcasing 250 vehicles across 30 classes [2][5][8] - The event will also include the return of RADwood, celebrating the automotive lifestyle of the '80s and '90s, and an expanded Cars & Community event on Sunday [2][5] Auction Highlights - In 2025, Broad Arrow Auctions achieved $61.7 million in total sales with 88% of lots sold, including a notable sale of a 1959 Ferrari 250 GT LWB California Spider Competizione for $9.5 million [4][8] - The 2026 auction is expected to feature over 150 collector cars, building on the success of previous years [4][8] Honoree Background - Dario Franchitti is a four-time IndyCar Series Champion and three-time Indianapolis 500 winner, with a total of 31 career IndyCar victories and 89 podium finishes [6] - He is also recognized as a passionate collector and preservationist, and has been inducted into multiple motorsport halls of fame [6] Organizational Overview - The Amelia is a prestigious motoring event that blends motorsport heritage with contemporary car culture, having donated over $4 million to charitable organizations since its inception in 1996 [8] - Hagerty, the company behind The Amelia, is a leading provider of specialty vehicle insurance and automotive lifestyle services, catering to a community of nearly 890,000 car enthusiasts [9]

Core Viewpoint - Hagerty, Inc. has entered into a non-binding letter of intent with Markel to assume 100% of the underwriting and investment economics, with an initial fronting fee of 2% to Markel, decreasing based on policy volume starting January 1, 2026 [1][2] Company Overview - Hagerty, Inc. is a leading specialty vehicle insurance provider and automotive enthusiast brand, committed to preserving driving culture for future generations [4] - The company serves approximately 67 million Americans who identify as car enthusiasts and operates in Canada and the U.K. [4] - Hagerty has a community of nearly 890,000 members in the Hagerty Drivers Club [4] Proposed Arrangement Details - The new fronting arrangement allows Hagerty to control 100% of the premium from its high-quality underwriting, enhancing profitability and operational control without disrupting policyholders [2] - The arrangement is subject to regulatory approval and the negotiation of definitive documentation [6]

Core Insights - Hagerty, Inc. will report its second quarter 2025 financial results on August 4, 2025, before market opens [1] - A conference call to discuss the financial results will take place at 10:00 am Eastern Time on the same day, with a live webcast available [2] Company Overview - Hagerty is a leading specialty vehicle insurance provider and an automotive enthusiast brand, dedicated to preserving driving culture for future generations [3] - The company offers specialty vehicle insurance, car valuation data, auction services, and automotive entertainment for approximately 67 million car enthusiasts in the U.S. [3] - Hagerty operates in Canada and the U.K. and has a community of nearly 890,000 members in the Hagerty Drivers Club [3]

Core Insights - Broad Arrow Auctions, a subsidiary of Hagerty, is set to host The Las Vegas Auction on October 31, 2025, featuring approximately 70 collector cars, marking a significant event in the luxury auction calendar [1][2] - The auction is part of a broader partnership with Concours at Wynn Las Vegas, which will showcase over 250 unique automobiles from October 31 to November 2, 2025 [1][2] - This event is part of Broad Arrow's strategic expansion, with additional auctions planned in Belgium and Switzerland, highlighting the company's growth in both North America and Europe [2][3] Company Overview - Broad Arrow Auctions was founded in 2021 and has quickly established itself as a leading global collector car auction house, known for high-quality vehicles [8] - The company has achieved notable success in North America, with flagship auctions such as the Monterey Jet Center Auction generating $71.5 million in 2024 and the Amelia Auction achieving $61.7 million in 2025, both with high sell-through rates [3] - Broad Arrow has expanded its global footprint, recently launching its first European auction in partnership with BMW AG, achieving €31.2 million in total sales [3][8] Event Details - The Las Vegas Auction will be one of three live auctions conducted by Broad Arrow in October and November, emphasizing the company's commitment to expanding its auction presence [2][3] - The event is expected to attract significant client interest due to Las Vegas's reputation as a luxury destination and its proximity to collector car communities [2] - Initial consignments for the auction will be announced soon, inviting collectors to participate in this high-profile event [4]