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.
Hagerty, Inc. (NYSE: HGTY) generates a steady stream of news as a specialty vehicle insurance provider and automotive enthusiast brand. Its announcements span financial performance, strategic partnerships, marketplace developments and collector car auction results, reflecting the company’s role in both the insurance and enthusiast car ecosystems.
On the financial side, Hagerty regularly issues quarterly results and outlook updates, reporting metrics such as total revenue, written premium, earned premium, membership and marketplace revenue, operating income, net income and Adjusted EBITDA. These releases often discuss factors influencing performance, including catastrophe losses, technology investments and growth in insurance, membership and marketplace businesses.
Hagerty’s news also highlights strategic partnerships and corporate agreements. Examples include a partnership with Liberty Mutual Insurance to offer enhanced collectible car coverage to Liberty Mutual and Safeco customers, and a fronting arrangement with Markel Group Inc. and Essentia Insurance Company that expands Hagerty’s underwriting and claims authority and shifts 100% of specified policy risk to Hagerty Reinsurance Limited under a new quota share agreement.
Through its Broad Arrow subsidiary, Hagerty issues detailed reports on collector car auctions, private sales and financing activity. News items describe auction calendars, debut events in new regions, top sale results, sell-through rates and notable consignments ranging from historic racing cars to modern supercars. Broad Arrow announcements also cover multi-year event partnerships and new auction formats, such as the Global Icons online series and collaborations with major concours and automotive festivals.
Investors and enthusiasts visiting this news page can review Hagerty’s latest press releases, auction recaps, partnership announcements and financial disclosures in one place, making it easier to follow developments across its insurance, membership and marketplace activities over time.
Hagerty, an automotive lifestyle brand and specialty insurance provider, celebrated its public listing on the NYSE under ticker symbols HGTY and HGTY.WS on December 6, 2021. CEO McKeel Hagerty emphasized the company's commitment to preserving car culture and enhancing the experience for automotive enthusiasts. With 2 million cars insured globally and an impressive 84 Net Promoter Score, Hagerty aims to leverage its unique business model and substantial member base to drive future growth and shareholder value. Their strategy includes enhancing digital experiences and expanding car-focused services.
Hagerty, an automotive lifestyle brand and specialty insurance provider, began trading on the NYSE under the ticker HGTY on December 3, 2021, after completing its business combination with Aldel Financial. This merger included a fully committed $704 million PIPE led by State Farm and Markel Corporation. CEO McKeel Hagerty emphasized their commitment to preserving car culture and enhancing digital user experience. Hagerty boasts approximately 2 million insured cars globally, a customer retention rate of 90%, and an average loss ratio of 41%, significantly below the industry average.