Hagerty, Inc. 8K

Hagerty, Inc. announced second quarter and first-half 2026 results showing strong premium and membership growth, the earnings and revenue impact of its Markel Fronting Arrangement transition, and an increased full-year 2026 outlook for written premium, net income, and Adjusted EBITDA.

On August 5, 2026, Hagerty, Inc. reported its financial results for the three and six months ended June 30, 2026, highlighting record growth in written and earned premiums, strong membership gains, and improved Adjusted EBITDA, while noting that reported total revenue declined due to the previously disclosed transition to a Markel Fronting Arrangement that shifts Hagerty Re’s U.S. quota share to 100% and eliminates certain commission revenues. The company reported first-half 2026 written premium of $713 million (up 19% year over year), earned premium of $492 million (up 42%), and cash flow from operating activities of $186 million (up 91%), but a first-half net loss of $5 million driven by $153 million of pre-tax transitional costs related to the Markel Fronting Arrangement. For the second quarter, Hagerty reported total revenue of $355 million (down 6%), net income of $8 million including $64 million of pre-tax Markel transitional costs, and Adjusted EBITDA of $75 million (up 3%), with continued growth in marketplace, membership, and investment income. Reflecting confidence in its operating trajectory and the economics of controlling 100% of its U.S. book, Hagerty raised its full-year 2026 outlook to written premium growth of 16–17%, net income of $18–30 million (including approximately $199 million of Markel transitional costs), and Adjusted EBITDA of $270–280 million, and also referenced the pending acquisition of Bennetts Motorcycling Services Limited, which is expected to significantly expand its UK motorcycle insurance presence.

Filing Facts

CIK

1840776

Ticker

-

Form

8K

Source Type

sec

Accession

0001840776-26-000028

Alert Tier

7