Quarterly ResultAug 5, 2026, 07:07 AM
Hagerty Q2 Written Premium +19%; Acquires Bennetts; Raises Outlook
AI Summary
Hagerty, Inc. reported strong second-quarter and first-half 2026 financial results, with first-half written premium growing 19% to $713 million and Adjusted EBITDA increasing 32% to $160 million. The company also announced the acquisition of Bennetts, the second-largest specialty motorcycle insurer in the UK, for £34 million, tripling its scale in that market. Despite a first-half net loss of $5 million due to $153 million in transitional costs from the Markel Fronting Arrangement, Hagerty raised its full-year 2026 outlook for written premium growth and Adjusted EBITDA, citing strong underlying operational performance.
Key Highlights
- First-half 2026 Written Premium grew 19% year-over-year to $713 million.
- First-half 2026 Adjusted EBITDA increased 32% year-over-year to $160 million.
- Acquired Bennetts, a UK specialty motorcycle insurer, for £34 million.
- Raised 2026 Written Premium growth outlook to 16-17%.
- Raised 2026 Adjusted EBITDA outlook to $270-280 million.
- First-half 2026 Net Loss was $5 million, including $153 million transitional costs.
- Policies in Force increased 19% year-over-year to 1.9 million members.
- Second-quarter 2026 Marketplace revenue grew 48% year-over-year to $40 million.
Price Impact
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