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 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.
Reverie, a new immersive hospitality experience, will celebrate 30 years of The Amelia at the Ritz-Carlton Amelia Island on March 6, 2025. The event features automotive-themed culinary pairings by Chef Zane Nesbit alongside classic cars from the Broad Arrow Auction preview.
The celebration includes eight unique vehicle and food pairing vignettes, featuring iconic cars like the 1959 Ferrari 250 GT LWB California Spider Competizione and 1965 Aston Martin DB5, each matched with gourmet dishes. The event offers immersive experiences including a Fedora Hat & Cigar Bar, Fragrance Studio, and live entertainment with typewriter poets and sketch artists.
The evening includes a cocktail reception on the oceanfront, live DJ entertainment, exclusive lounges, and a hosted bar. VIP tables for six are available with special perks including caviar and dedicated cocktail service.
Hagerty has released its 2025 U.S. Bull Market list, featuring 11 collector vehicles expected to appreciate in value. The analysis reveals a significant trend toward post-1980s vehicles, reflecting younger enthusiasts' growing interest in the collector car market.
Notable entries include the 1978-1983 Datsun 280ZX (valued at $32,800, up 138% since 2019), the 1981-1983 DeLorean DMC-12 ($75,100, up 73% since 2019), and the 2003-2013 Lamborghini Gallardo ($157,700). The average model year on this year's list is 2001, compared to earlier lists averaging 1989-1991.
The selection process involved analyzing data from public and private sales, historic trends, and insurance valuations. Hagerty's research shows that nearly 60% of Gen Z respondents express interest in collector car ownership, compared to 31% of Baby Boomers.
The Amelia, a leading global concours weekend, has announced Hélio Castroneves as its 2025 honoree. Castroneves, a four-time Indianapolis 500 winner (2001, 2002, 2009, 2021) and 2020 IMSA champion, was selected for his excellence in racing and competitive spirit. The event, celebrating its 30th year in 2025, will be held at The Ritz-Carlton, Amelia Island from March 6-9, featuring seminars, auctions, driving experiences, and the Concours d'Elegance with nearly 300 cars in 30 classes. Featured classes include Corvette at Sebring, 1930s Alfa Romeos, and Formula 1 Cars 1950-Present.
Hagerty (NYSE: HGTY) announced a new docuseries, Back on Track, featuring actor Patrick Dempsey's return to racing. In collaboration with the Mobil 1 team, the four-part series offers behind-the-scenes access as Dempsey competes in the Porsche Endurance Challenge North America. The series premieres on November 11 via Hagerty Media's YouTube and Samsung TV+ channels. Subsequent episodes will air on November 18, November 25, and December 5. The docuseries follows Dempsey and teammate Patrick Long as they race the #98 Wright Motorsports Porsche 718 Cayman GT4 RS Clubsport across various tracks including Circuit of the Americas, Road America, and Sonoma Raceway. The final race is a six-hour enduro at Circuit of the Americas. The series also features racer Tanner Foust and showcases a bespoke livery for Dempsey's Porsche, commemorating Mobil 1's 50th anniversary.