HAGERTY INC Stock Price, News & Analysis

Hagerty Inc (NYSE: HGTY), an automotive enthusiast brand and specialty vehicle insurance provider, has scheduled its first quarter 2025 financial results announcement for Wednesday, May 7, 2025, before market opening.

The company will host a conference call to discuss the results at 10:00 am Eastern Time. Investors can access the call through toll-free dial-in (877) 423-9813 or international dial-in (201) 689-8573. A live webcast will be available on Hagerty's investor relations website at investor.hagerty.com, where a replay will also be accessible following the call.

The 2025 Greenwich Concours d'Elegance is set to take place from May 30 to June 1 at Roger Sherman Baldwin Park in Greenwich, Connecticut. The event will feature renowned automotive collector Ralph Marano as Grand Marshal, known for his exceptional collection of 85 classic Packard models.

New for 2025, the event introduces Reverie, an exclusive Friday evening gathering combining coastal luxury with fine dining and entertainment. The weekend continues with Saturday's Concours de Sport, showcasing sports, racing, and supercars, while Sunday's Concours d'Elegance presents elegant and historically significant vehicles.

The event features diverse vehicle classes including Mid-Engine Revolution, Early Porsche 356's, Classic BMW Coupes, and celebrates the 50th Anniversary of Lamborghini Countach. Sunday's classes showcase Muscle/Performance cars, 100 Years of Chrysler, Art Deco Streamliners, and various Pre-War and Post-War classics.

The 30th Annual Amelia Concours d'Elegance celebrated automotive excellence with over 240 historic vehicles across 35 classes. The event's highest honors were awarded to a 1938 Alfa Romeo 8C 2900 (Best of Show, Concours d'Elegance) and a 1967 Lotus 49 (Best of Show, Concours de Sport).

The weekend attracted 17,000 attendees and featured racing icon Hélio Castroneves and actor Patrick Dempsey. The event raised $119,000 for local nonprofits and involved over 500 volunteers.

The accompanying Broad Arrow Auctions achieved $61.7 million in total sales with an 88% sell-through rate. The auction's highlight was a 1959 Ferrari 250 GT LWB California Spider Competizione, selling for $9,465,000, becoming Broad Arrow's most valuable sale ever.

Hagerty (NYSE: HGTY) reported strong financial results for 2024, with total revenue increasing 20% year-over-year to $1.200 billion. The company achieved significant growth across key metrics, including a 15% increase in written premium to $1.044 billion and added a record 279,000 new members.

Notable achievements include a 178% increase in net income to $78.3 million and a 41% rise in Adjusted EBITDA to $124.5 million. The company's marketplace revenue saw exceptional growth of 90% year-over-year to $54.3 million. Hagerty maintained strong customer retention with an 89% policies-in-force retention rate.

For 2025, Hagerty projects written premium growth of 13-14%, total revenue growth of 12-13%, and net income growth of 30-40%. The company plans $20 million in technology investments and aims to more than double its policy count to three million by 2030.

Hagerty (NYSE: HGTY), an automotive enthusiast brand and specialty vehicle insurance provider, has scheduled its fourth quarter 2024 financial results announcement for Tuesday, March 4, 2025, before market opening. The company will host a conference call at 10:00 am Eastern Time to discuss the results.

Investors can access the live webcast through Hagerty's investor relations website at investor.hagerty.com. For those joining by phone, the dial-in numbers are (877) 423-9813 (toll-free) and (201) 689-8573 (international). Participants are advised to dial in 10 minutes before the start time. A replay of the webcast will be available on the investor relations website after the call.