NYSE$HGTY

Hagerty Inc · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

Hagerty Inc reported total revenue of $368.7 million for Q2 2025, up 17.7% year-over-year.

Hagerty Inc delivered strong Q2 2025 results with total revenue reaching $368.7 million, driven by 11.2% growth in commission and fee revenue and 12.8% growth in earned premium. Net income increased 10.7% to $47.2 million and operating income rose 25.3% to $47.7 million. Marketplace revenue surged 77.7% year-over-year, contributing significantly to overall performance.

  • Total revenue grew 17.7% to $368.7 million, led by insurance and marketplace expansion.
  • Written premium increased 10.8% to $356.0 million, supporting 12.8% earned premium growth.
  • Net income rose to $47.2 million with basic and diluted EPS at $0.09.
  • Marketplace revenue more than doubled to $26.8 million, highlighting diversification success.

Headline financials

Total Revenue

$369M

Previous: $313M+17.7%
EPS (adj)

$0.09

Previous: $0.09+0.0%
Total Written Premium

$356M

Previous: $321M+10.8%
PIF Retention

0.9%

Previous: 88.7%-99.0%
Hagerty Re Loss Ratio

0.4%

Previous: 41.1%-99.0%
Policies in Force

1.6M

Previous: 1.5M+3.5%
Vehicles in Force

2.7M

Previous: 2.6M+3.4%
HDC Paid Member Count

908.0K

Previous: 854.0K+6.3%
Net Income

$47.2M

Previous: $42.7M+10.7%
Operating Income

$47.7M

Previous: $38.1M+25.3%
Cash & Equivalents

$140M

Previous: $121M+16.0%
Total Assets

$2.04B

Previous: $1.73B+18.0%

Revenue & EPS history

Hagerty · Revenue · Quarterly

$369M

Q2 2025+17.7%vs Q2 2024
Beat estimate in 12 of 14 quarters(86%)
ActualEstimate

Revenue by segment

Hagerty · $369M total across 3 segments · Q2 2025

  • Earned premium
    $178M
  • Commission and fee revenue
    $143M
  • Membership, marketplace and other revenue
    $47.6M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

+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

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
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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