| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 61.09 | 58.8% |
| Total Income | 61.09 | 58.8% |
| Expenditure | 82.03 | 33.1% |
| PBT | -20.94 | 163.9% |
| Net Profit | -12.75 | 146.7% |
| OPM | — | |
| NPM | -20.86% | 39.25pp |
| EPS | — |
Hagerty Reports Q1 2026 Results: Written Premium Increased 18% to $289M
06 May 2026 · 6 May, 4:32 pm
Summary
Hagerty, Inc. reported its first quarter 2026 financial results, highlighting strong underlying operational performance. Written premium increased by 18% to $289 million, and earned premium grew by 42% to $240 million. The company added a record 112,000 new policies, increasing total policies in force by 15% to 1.8 million. Hagerty reaffirmed its 2026 outlook for written premium growth of 15% to 16%.
Key Highlights
- 1
Hagerty's written premium increased by 18% year-over-year to $289 million in the first quarter of 2026.
- 2
Earned premium increased by 42% year-over-year to $240 million, driven by strong written premium growth and the transition to 100% quota share.
- 3
Policies in force increased by 15% year-over-year to 1.8 million, with a record 112,000 new policies added in Q1 2026.
- 4
Adjusted EBITDA increased by 77% year-over-year to $85 million, compared to $48 million in the prior year period.
- 5
The company reaffirmed its 2026 outlook for written premium growth of 15% to 16%.
Management Comments
McKeel Hagerty
First quarter results and the breadth of momentum across our ecosystem give us increasing confidence in our full year outlook that we reaffirmed today. We delivered 18% written premium growth in the first quarter, ahead of our full year outlook, and earned premium growth of 42% with the January 1, 2026 increase in quota share to 100%. 2026 is performing better than expected economically, even if the financial presentation looks different as we transition to the new Markel Fronting Arrangement. The presentation is different but the business is not, as we delivered another quarter of record growth. Our business momentum is showing up across the ecosystem - and Broad Arrow is no exception. During the first quarter, Broad Arrow hosted the most successful sale in the 31-year history of Amelia Car Week, delivering $111 million in total sales with a 92% sell-through rate and over 1,000 bidders from 23 countries. Results like this are the product of four decades of building trust, one member and one partner at a time, and they reflect exactly the kind of member-centric company that Hagerty is building for the long-term.”
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