Hagerty earnings beat by $0.09, revenue topped estimates

Hagerty (HGTY) reported Q3 adjusted EBITDA of $97M and GAAP net income of $36M. Revenue declined 7% YoY to $1B due to a fronting transition, but earned premium rose 42%. The company expects 2026 adjusted EBITDA to include a $52M one-time benefit. Hagerty acquired Bennetts, expanding its UK presence, and discussed collector-car market trends and AI investments.

Hagerty Inc (HGTY) reported Q3 2026 earnings, raising full-year adjusted EBITDA guidance by $35M, driven by reserve releases and strong operations. The company expects a $52M headwind in 2027 due to the absence of acquisition cost capitalization. Net new policies were slightly lower year-over-year but retention remains stable.

Hagerty, Inc. reported a 43% jump in adjusted EBITDA for Q3 2026, driven by 18% written premium growth and $32 million in lower estimated losses. The company attributed this to a 40% expansion of its in-house claims team and strategic acquisitions like Bennetts. Management highlighted a generational shift in the collector market, with younger generations accounting for over 60% of quote volume. The State Farm Classic+ rollout is progressing, with policies now available in 41 states.

Hagerty (HGTY) reported Q3 2026 earnings with written premium growth of 18% and adjusted EBITDA up 43% to $257 million. Net income was $32 million, benefiting from lower estimated losses. The company increased its full-year 2026 profit outlook and acquired Bennetts, a UK motorcycle insurance broker. Growth is driven by new members, favorable industry trends, and strategic acquisitions. Broad Arrow's auction sales rose 83% year-to-date, contributing to customer acquisition.

Oppenheimer raised its price target for Hagerty Inc. (NYSE:HGTY) to $20 from $15, maintaining an Outperform rating. The firm increased its EPS estimates for 2026-2028, citing strong Q3 results and improved loss experience. Hagerty's stock is up 54% over six months, trading at $16.77. The company reported Q3 adjusted earnings of $0.10 per share on revenue of $354.24 million, beating estimates.

Hagerty (HGTY) reported Q3 2026 results with 18% written premium growth and 8% stock surge. The company completed a strategic transition with Markel, leading to a 42% increase in earned premium. Full-year guidance was raised, with net income projected at $48M-$60M. Hagerty added 402K new members, expanding policies to 1.9M, an 18% YoY growth.