Hagerty Q1 Earnings Call Highlights
Key takeaways
- Hagerty Q1 Earnings Call Highlights Market Beat Mon, May 11, 2026 at 3:06 AM GMT+7 7 min read HGTY MKL Hagerty logo Key Points Interested in Hagerty, Inc.?
- Hagerty posted its strongest first quarter to date, with written premiums up 18% to $289 million, policies in force up 15%, and adjusted EBITDA rising 77% to $85 million.
- GAAP results were pressured by accounting changes tied to Hagerty’s new Markel reinsurance/fronting structure, which caused reported revenue to fall 5% and led to a $13 million net loss.
Hagerty Q1 Earnings Call Highlights Market Beat Mon, May 11, 2026 at 3:06 AM GMT+7 7 min read HGTY MKL Hagerty logo Key Points Interested in Hagerty, Inc.? Here are five stocks we like better.
Hagerty posted its strongest first quarter to date, with written premiums up 18% to $289 million, policies in force up 15%, and adjusted EBITDA rising 77% to $85 million. Management said growth was driven by new business and record policy additions rather than rate increases.
GAAP results were pressured by accounting changes tied to Hagerty’s new Markel reinsurance/fronting structure, which caused reported revenue to fall 5% and led to a $13 million net loss. The company said the drag from deferred ceding commission amortization should wind down to zero by year-end 2026.