Hagerty, Inc.

Hagerty's Broad Arrow is offering a rare 2012 Lexus LFA Nürburgring Package and a 2021 Marc Philipp Gemballa MARSIEN for private sale. These highly collectible supercars will be displayed at The Quail by The Peninsula, A Motorsports Gathering on August 14. Broad Arrow will also host its inaugural Quail Auction on August 13-14, featuring 185 collector cars, marking its most significant auction catalog to date.

Hagerty reported a net loss attributable to Class A Common Stockholders of $(1.7) million for Q2 2026, a significant decrease from $9.1 million net income in Q2 2025. Total revenue for the quarter also declined to $354.8 million. These results reflect the impact of the new Markel Fronting Arrangement, effective January 1, 2026, which altered the company's revenue and expense recognition policies, including the discontinuation of commission revenue for Essentia-originated policies.

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.

Hagerty's subsidiary, Broad Arrow Auctions, announced the headlining entry for its inaugural Quail Auction: a 2003 Ferrari Enzo, estimated to sell for $9,000,000 to $11,000,000 without reserve. The auction, featuring 185 exceptional collector cars, will take place on August 13-14 at The Carmel Golf Club. This event represents Broad Arrow's most significant and valuable catalog since its inception, highlighting its focus on the evolving collector car market.

Hagerty's Broad Arrow auction house has announced an impressive lineup of hypercars and supercars for its inaugural Quail Auction, taking place on August 13-14 in Carmel, California. The collection is headlined by a 2025 Bugatti W16 Mistral, estimated to fetch between $8,000,000 and $10,000,000. Other notable vehicles include a 2011 Bugatti Veyron, Hennessey Venom F5 models, a 2017 Ferrari F12tdf, and a 2019 McLaren Senna. The auction also features "The Collector's Reserve," offering 15 performance and supercars from a single owner, including models from Porsche, Ferrari, and Mercedes-Benz.

Hagerty's subsidiary, Broad Arrow Auctions, announced its inaugural Quail Auction will feature an exceptional selection of RUF, Porsche, and Singer models. Highlights include a 2024 RUF SCR ‘Mary Stuart’ estimated at up to $2.8 million and a 2015 Porsche 918 Spyder estimated at up to $3.75 million. The auction, scheduled for August 13-14, will offer nearly 200 collector cars, reinforcing Broad Arrow's reputation for high-value automotive sales.

Hagerty, Inc. adopted an Executive Severance and Change in Control Plan and updated employment agreements for its executive leadership team, effective July 15, 2026. These actions aim to modernize and align the company's executive employment arrangements with current compensation and governance practices. The plan provides specific compensation and benefits upon a Covered Termination, including continued base salary, pro rata bonuses, and COBRA premiums for Regular Terminations, and lump-sum payments, bonuses, and accelerated equity vesting for Change in Control Terminations. New and amended agreements were executed with executives including Russell Page and CEO McKeel Hagerty, detailing their compensation structures.

Hagerty's Broad Arrow Auctions announced its first North American Global Icons Online Auction Series, featuring 40 influential Mercedes-Benz automobiles from The Patina Collective. These "Youngtimer" era cars, including rare non-U.S. market models, will be offered entirely without reserve. Bidding for this unique collection, which includes high-performance and prototype models, will take place from August 10-21, providing collectors a rare opportunity to acquire distinctive vehicles.

Hagerty's Broad Arrow Auctions announced a lineup of highly collectible modern Ferraris for its inaugural Quail Auction, scheduled for August 13-14 in Carmel, California. The auction will feature approximately 175 exceptional collector cars, including a 2015 Ferrari 458 Speciale A estimated at up to $2.5 million. This announcement highlights strong market demand, with modern collectible Ferrari values up 16.3% since April 2026, and specific models like the 550 Barchetta seeing a 72% value increase in the same period.

Broad Arrow Auctions, driven by Hagerty, announced a new auction in Paris during Salon Rétromobile Week at The Peninsula Paris hotel in 2027. The Paris Auction will take place on Wednesday, February 3, 2027, with public previews from February 1-3. This strategic expansion aims to attract global collectors and complements Broad Arrow's existing European sales, further solidifying its presence in the international collector car auction calendar.