Hagerty Reports Strong Q3 2026 Results and Raises Full-Year Growth Outlook
Hagerty, Inc. (NYSE: HGTY) reported robust financial results for the third quarter of 2026, characterized by significant growth in membership and premiums. The company added a record 402,000 new members during the first nine months of the year, driving an 18% year-over-year increase in written premium to $1.099 billion. Despite a decrease in reported net income due to one-time transitional costs related to the Markel Fronting Arrangement, Adjusted EBITDA saw a substantial 43% increase to $257 million. The company's strategic shift to controlling 100% of the economics under its new fronting arrangement is beginning to yield results, even as it necessitates accounting adjustments for commission and fee revenue. Driven by this momentum, Hagerty has raised its full-year 2026 profit outlook, projecting net income between $48 million and $60 million and Adjusted EBITDA between $305 million and $315 million.
Topics: adjusted EBITDA financial results membership growth net income revenue growth
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