Quarterly ResultNov 3, 2026, 08:17 AM
Hagerty Q3 Written Premium Up 18% to $1.1B; Raises 2026 Outlook
AI Summary
Hagerty, Inc. announced strong third quarter 2026 financial results, with year-to-date Written Premium growing 18% to $1,099 million and a record 402,000 new members added. The company also increased its full-year 2026 financial outlook. Adjusted EBITDA saw a significant 43% increase to $257 million year-to-date. The results reflect strong underlying operational performance and strategic evolution, including the transition to the Markel Fronting Arrangement, which impacted reported revenue but is expected to enhance profitability.
Key Highlights
- Hagerty reported Q3 2026 Written Premium of $386 million, up 16% YoY, and year-to-date Written Premium of $1,099 million, up 18% YoY.
- Year-to-date, Hagerty added a record 402,000 new members, bringing total policies in force to 1.9 million, an 18% increase YoY.
- Adjusted EBITDA increased 43% to $257 million for the first nine months of 2026, compared to $180 million in the prior year period.
- The company increased its full-year 2026 outlook for Net Income to $48–$60 million and Adjusted EBITDA to $305–$315 million.
- Earned Premium increased 42% year-over-year to $757 million for the first nine months of 2026.
- Hagerty Re Combined Ratio improved to 85.2% year-to-date, aided by $32 million in lower estimated losses.
- Total Revenue for the first nine months of 2026 decreased 7% to $1,021 million due to the transition to the Markel Fronting Arrangement.
Price Impact
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