NYSE$HGTY
Hagerty Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Hagerty outperformed expectations with a 30% increase in total revenue and strategic expansions.
Hagerty reported a strong start to 2022, with total revenue up 30% year-over-year to $167.8 million and written premium up 16% to $154.8 million. The company reached 2.5 million total members and achieved key milestones, including expanding Hagerty Marketplace and partnering with Sony's Gran Turismo 7.
- Total revenue increased by 30% year-over-year, reaching $167.8 million.
- Written premium grew by 16% year-over-year, totaling $154.8 million.
- Total active members increased by 11% year-over-year, reaching 2.5 million.
- The company is on track for the fourth quarter launch of its partnership with State Farm.
Headline financials
Revenue & EPS history
Hagerty · Revenue · Quarterly
$168M
Revenue by segment
Hagerty · $152M total across 2 segments · Q1 2022
- Earned premium$89.1M—58.8%
- Commission & fee$62.5M—41.2%
Forward guidance
Hagerty is on track for a fourth quarter launch of its transformative partnership with State Farm. The company is extremely excited about and focused on its on- going efforts to position the Company for strong and sustainable long-term organic growth and profitability.
Tailwinds
- Launch Hagerty Marketplace
- Develop a proprietary digital platform to support Marketplace activities
- Expand our peer-to-peer rental platform and to introduce financing options to our members
- Deepen our penetration into services and data analytics in order to support our existing partnership customer base
- Increase conversion of our legacy insurance book to HDC and to integrate our multiple digital platforms
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2022
+1.3%
Avg return
Earnings day
+1.1%
Avg return
5 days after
+6.2%
Avg return
30 days after
58%
11 / 19 earnings
Positive
+10.0%
Q3 2023
Best reaction
-5.5%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.1% | -2.8% | +0.8% | |
| Q4 2025 | +4.3% | -8.9% | -10.6% | |
| Q3 2025 | -1.8% | +10.1% | +12.8% | |
| Q1 2025 | +7.0% | +6.0% | +12.8% | |
| Q4 2024 | -0.9% | -2.4% | -12.7% | |
| Q3 2024 | -5.5% | -5.8% | -5.9% | |
| Q2 2024 | -4.8% | -2.5% | +7.7% | |
| Q1 2024 | +1.7% | -2.2% | +8.5% | |
| Q4 2023 | +0.1% | -5.6% | -5.2% | |
| Q3 2023 | +10.0% | +9.2% | +10.1% | |
| Q2 2023 | +0.1% | +7.9% | +1.2% | |
| Q1 2023 | +5.1% | -2.3% | +1.1% | |
| Q4 2022 | -0.4% | +6.9% | +7.1% | |
| Q3 2022 | +7.6% | +1.5% | -1.5% | |
| Q2 2022 | +3.6% | +18.8% | +1.9% | |
| Q1 2022 | +1.3% | +10.7% | +32.7% | |
| Q4 2021 | -0.7% | -17.3% | -29.3% | |
| Q3 2021 | -0.1% | +0.0% | +82.9% | |
| Q2 2021 | +0.5% | -1.0% | +2.8% | |
| Q1 2021 | — | — | — | |
| Q4 2020 | — | — | — |
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