NYSE$HGTY
Hagerty Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Hagerty's Q3 2024 performance was highlighted by a strong focus on member care, strategic partnerships, and disciplined underwriting, as the company continues to grow its ecosystem and market presence.
Hagerty's Q3 2024 letter emphasizes the company's commitment to its members, strategic partnerships, and disciplined growth. With a high Net Promoter Score and increasing customer retention, Hagerty is focused on expanding its ecosystem and solidifying its position in the collector car market.
- Hagerty has a Net Promoter Score of 82, indicating high customer satisfaction.
- Customer retention is increasing, reaching 89% in 2024.
- The company partners with 9 of the top 10 automotive insurers in the U.S.
- Hagerty insures over 2.5 million vehicles and sees a total addressable market of 46 million collectible vehicles in the U.S.
Headline financials
Revenue & EPS history
Hagerty · Revenue · Quarterly
$323M
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
The letter does not contain specific forward guidance but expresses optimism for the future.
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 Q3 2024
+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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