Hagerty Inc Class A (HGTY)

Hagerty, Inc. has reported strong financial performance and provided a positive outlook. Hagerty announced its full-year 2025 results, reporting a 17% increase in total revenue to $1,456 million and a 91% surge in net income to $149 million. The company also provided a 2026 outlook anticipating written premium growth of 15% to 16%. The share price increased by 30.44% between April 4, 2025, and April 2, 2026. Other notable events include the debut of the Hagerty Channel on Prime Video and record auction sales at The Amelia Concours. Analyst ratings for HGTY in the past year have resulted in an average recommendation of "Moderate Buy," with some firms upgrading or reaffirming ratings, while others have decreased target prices or maintained "hold" ratings.

While specific detailed seasonality for all Hagerty products and services is not explicitly outlined, there are indications of temporal patterns in demand. Google Trends analysis shows that search interest for "hagerty insurance pricing" reached its highest point in February 2026, suggesting a potential seasonal or event-driven increase in inquiries around that time. Similarly, "hagerty classic car values" showed a smaller peak in March 2026. The collector car market itself experiences shifts, with generational changes influencing demand for different types of vehicles. Economic conditions can also generally affect consumer discretionary spending on collector cars and related services, which in turn could impact demand for Hagerty's offerings.

Hagerty, Inc. is an automotive lifestyle and membership company, and the world's largest provider of specialty insurance for classic vehicles. Hagerty's core business revolves around providing specialty vehicle insurance for collector cars and enthusiast vehicles. Beyond insurance, Hagerty offers a comprehensive ecosystem for car enthusiasts, which includes Hagerty Drivers Club memberships, providing access to emergency roadside assistance, the Hagerty Drivers Club magazine, exclusive automotive events, proprietary vehicle valuation tools, and special vehicle-related discounts. The company also operates a marketplace for buying, selling, and financing collector cars through live auctions, online sale platforms, and brokered private sales services. Additionally, Hagerty provides expert car valuation data and insights, immersive events, and automotive entertainment.

Hagerty, Inc. has a significant international presence, operating in the United States, Canada, Germany, and the United Kingdom. The company's market presence extends across North America, Europe, and Australia, insuring over 2.6 million collector vehicles worldwide.

Hagerty has cultivated a strong brand reputation centered on its mission to "save driving and preserve automotive culture for future generations." The company boasts a high Net Promoter Score (NPS) of 82, which is approximately double the industry average, indicating strong customer loyalty and satisfaction. This is further supported by an impressive policy retention rate of nearly 90%. Hagerty's integrated approach, combining insurance with a deep understanding of the collector lifestyle, differentiates it in the market. There were no specific events negatively impacting Hagerty's brand reputation within the past year.

Hagerty, Inc.'s ownership is a mix of institutional, retail, and individual investors. State Farm Mutual Automobile Insurance Co. is a prominent shareholder. Other large institutional owners include Neuberger Berman Group LLC, Polar Capital Holdings Plc, Vanguard Group Inc., and Markel Group Inc. The founding Hagerty family, through Hagerty Holding Corp. (HHC), maintains substantial control, holding beneficial ownership of over 50% of the company's total voting control.