NYSE$HGTY
Hagerty Inc · Q4 2025 earnings
Q4 2025 earnings · · Before market open · Investor relations
Briefing
Hagerty reported FY 2025 top-line growth of 17% and net income growth of 91% in its Q4 stockholder letter.
The classic-car insurer and marketplace grew written premium 17% in 2025 with record profitability (net income +91% YoY). Hagerty added 371,000 new members toward its 3 million policies-in-force goal and expanded the State Farm Classic+ rollout to 27 states.
- 17% top-line growth; 91% net income growth in 2025.
- 371,000 new members added in 2025.
- State Farm Classic+ rollout and Markel fronting arrangement.
- 2026 outlook: mid-teens written premium growth.
Headline financials
Revenue & EPS history
Hagerty · Revenue · Quarterly
$357M
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
2026 outlook: mid-teens written premium growth and underlying margin expansion; 3M policies-in-force target by 2030.
Tailwinds
- State Farm Classic+ rollout continues.
- Markel fronting arrangement effective 2026.
- Marketplace and membership growth.
Headwinds
- Catastrophe and classic-car valuation risk.
- Underwriting discipline in soft market.
- Accounting changes from Markel deal.
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 Q4 2025
+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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