Hagerty Reports Second Quarter 2026 Results
PR Newswire
TRAVERSE CITY, Mich., Aug. 5, 2026
Increases 2026 Growth OutlookFirst Half 2026 Highlights:Strong underlying operational performance with record growth in members, written premium, and earned premiumFirst half 2026 Written Premium grew 19% year-over-year to $713 millionAdded a record 279,000 new members in the first half of 2026, with policy in force growth of 19% year-over-year to 1.9 million membersFirst half 2026 Earned Premium increased 42% to $492 millionTransition to Markel Fronting Arrangement on January 1, 2026 resulted in decrease to reported revenue as previously disclosedFirst half 2026 Net Loss of $5 million, including $153 million of pre-tax Markel Fronting Arrangement transitional costs, compared to Net Income of $74 million in the prior year periodFirst half 2026 Adjusted EBITDA (a non-GAAP measure) increased 32% to $160 million, compared to $121 million in the prior year periodFirst half 2026 Cash Flow from Operating Activities increased 91% to $186 millionIncreased 2026 Outlook — Written Premium growth of 16% to 17%, Net Income of $18 to $30 million, and Adjusted EBITDA of $270 to $280 millionTRAVERSE CITY, Mich., Aug. 5, 2026 /PRNewswire/ -- Hagerty, Inc. (NYSE: HGTY) makes it easier and more enjoyable for car enthusiasts to drive and celebrate the vehicles they love — through specialty vehicle insurance, live and digital auctions, engaging media and events, and the Hagerty Drivers Club, the world's largest membership community of car lovers. Today the company announced financial results for the three and six months ended June 30, 2026.
