HGTY

In the past six months, Hagerty's stock was impacted by its Q1 2026 earnings report and a significant accounting transition. On May 6, 2026, Hagerty reported an adjusted loss of $0.04 per share for Q1 2026, matching analyst expectations, with revenue down 5% year-over-year to $311.8 million. Despite the GAAP loss, Hagerty reported strong underlying business growth, with written premiums increasing 18% to $289 million and policies in force growing 15% to 1.8 million, including a record 112,000 new policies. The company reaffirmed its full-year 2026 outlook, anticipating 15-16% written premium growth, adjusted EBITDA between $236 million and $247 million, and a GAAP net loss of $41 million to $51 million. Hagerty's partnership with State Farm also continues to expand, with expectations of 19,000 State Farm agents selling Hagerty products across 40 states by year-end 2026. Following the Q1 2026 earnings release, HGTY stock traded up 2.2%, though it had been hovering near its 52-week low of $8.81 in early May 2026.