Hagerty Reports Strong Q3 2026 Results with Increased Full-Year Guidance
Hagerty (HGTY) delivered robust third-quarter 2026 financial results, characterized by an 18% increase in written premium growth for the first nine months and a significant 43% surge in adjusted EBITDA to $257 million. The company's performance was bolstered by improved underwriting economics, lower estimated losses, and enhanced operating leverage. Consequently, management has raised its full-year guidance for adjusted EBITDA to a range of $305 million to $315 million. Key growth drivers included the successful expansion of the State Farm partnership across 41 states and record auction volumes through Broad Arrow. While marketplace revenue saw a slight decline due to lower inventory sales, overall membership continues to scale, with 1.9 million policies in force as of September 30. The company also completed the acquisition of Bennetts, strengthening its position in the UK specialty motorcycle insurance market.
Tickers: $HGTY
Topics: earnings report EBITDA guidance insurance underwriting partnership expansion revenue growth