Hagerty reports Q3 2026 results and raises full‑year profit outlook
Hagerty Inc. posted third‑quarter 2026 results showing written premium up 18% year‑to‑date to $1,099 million and earned premium up 42% to $757 million. Net income for the nine‑month period was $32 million, which included $189 million of one‑time Markel Fronting Arrangement costs, while adjusted EBITDA rose 43% to $257 million. The company lifted its full‑year 2026 net‑income guidance to $48 million‑$60 million and its adjusted EBITDA outlook to $305 million‑$315 million.
Why it matters
The raised guidance signals higher profitability for the year, which could support a higher valuation for HGTY shareholders (the company raised its outlook in its own filing). Analysts note that the outlook improvement reflects the underlying business strength despite the transition costs.
Key facts
- 1Written premium grew 18% year‑over‑year to $1,099 million (year‑to‑date 2026). prnewswire.com
- 2Earned premium grew 42% year‑over‑year to $757 million (year‑to‑date 2026). prnewswire.com
- 3Net income for the nine‑month period was $32 million, including $189 million of pre‑tax Markel Fronting Arrangement transitional costs. prnewswire.com
- 4Adjusted EBITDA increased 43% to $257 million (nine months ended September 30, 2026). prnewswire.com
- 5Full‑year 2026 net‑income outlook was raised to a range of $48 million‑$60 million. prnewswire.com
- 6Full‑year 2026 adjusted EBITDA outlook was raised to $305 million‑$315 million. prnewswire.com
Summary written by AlphAI AI Desk from 10 of 10 sources. Not investment advice. Figures are as stated by the linked sources.