Welcome to our dedicated page for Hagerty news (Ticker: $HGTY), a resource for investors and traders seeking the latest updates and insights on Hagerty stock.
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Hagerty, Inc. (NYSE: HGTY) reported a 24% increase in total revenue, totaling $271.7 million in the first quarter of 2024. They also saw a 19% growth in written premium, resulting in an operating income margin expansion of 1,210 basis points. Additionally, Net Income increased by $23.2 million compared to the prior year, reaching $8.2 million. Adjusted EBITDA rose by $20.6 million. The company reaffirmed its 2024 outlook for strong growth in total revenue, net income, and adjusted EBITDA.
Esteemed Contemporary Architect Steven Harris Named Grand Marshal of Greenwich Concours d'Elegance
The Greenwich Concours d'Elegance, an annual motoring event in Greenwich, Connecticut, will feature architect Steven Harris as the Grand Marshal. Harris, known for his modernist designs and love for Porsches, will lead the event showcasing rare classics and iconic sports cars. The event includes a scenic tour, seminars, and classes celebrating automotive history.
