Hagerty, Inc.

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.

Broad Arrow Auctions, driven by Hagerty, announced the successful completion of its second annual Concorso d’Eleganza Villa d’Este Auction, generating €40.8 million in sales with an 87 percent sell-through rate. The event, held from May 16-17, 2026, saw over 70 percent growth in bidder registration from 31 countries. Top sales included a 2023 Ferrari Daytona SP3 for €6.25 million and a 1990 Ferrari F40 for €2.93 million.

Hagerty, Inc. reported a net loss of $(12.7) million for the first quarter of 2026, a significant decline from a net income of $27.3 million in the prior year period. Total revenue decreased to $311.8 million from $328.3 million year-over-year. This quarter's results reflect the impact of the new Markel Fronting Arrangement, effective January 1, 2026, which altered revenue recognition for insurance policies and involved a loss portfolio transfer.

Hagerty reported Q1 2026 financial results, with Adjusted EBITDA increasing 77% to $85 million, driven by strong underlying operational performance. The company completed its strategic evolution to assume 100% control of the Markel program, which resulted in a reported net loss of $13 million due to $89 million in transitional costs and a 5% decrease in total revenue to $312 million. Hagerty reaffirmed its 2026 outlook, anticipating 15-16% written premium growth and Adjusted EBITDA of $236-247 million.

Hagerty, Inc. announced its 2026 Annual Meeting of Stockholders, with a record date of April 10, 2026. Stockholders will vote on the election of nine directors, non-binding advisory approval of executive compensation, and the frequency of future compensation votes (Board recommends one year). The agenda also includes the ratification of Deloitte & Touche LLP as the independent auditor for 2026. The company operates as a "controlled company" due to Hagerty Holding Corp.'s majority voting power.

Broad Arrow Auctions, driven by Hagerty, announced its third annual Porsche Air|Water Auction achieved $20 million in total sales with an 84% sell-through rate (70 of 83 lots). This marks Broad Arrow's strongest Air|Water performance to date, with nearly 50% first-time bidders. The top sale was a 2015 Porsche 918 Spyder Weissach for $4,680,000, and a 2025 RUF SCR sold for $2,095,000. The event showcased a catalog of highly optioned and bespoke modern Porsches, indicating strong market trends.

Broad Arrow Auctions, driven by Hagerty, announced the catalogue for its second annual Concorso d Eleganza Villa d Este Auction, scheduled for May 16-17 at Villa Erba on Lake Como. The sale will feature over 75 curated collector cars, highlighted by a 2023 Ferrari Daytona SP3, estimated between 6.5 million and 8.5 million. This event reinforces Broad Arrow's reputation for highly selective consignments, appealing to knowledgeable collectors.

Broad Arrow Auctions, a Hagerty-driven company, successfully auctioned a 2025 Gordon Murray Automotive T.50, chassis number 009, for $8,035,000. This marks the first North American public auction of the rare supercar, which sold to a rally entrant at the California Mille event. A portion of the proceeds will benefit the California Highway Patrol 11-99 Foundation and McPherson College's Automotive Restoration Program.

Hagerty, Inc. announced the resignation of Michael R. Heaton from its Board of Directors, effective April 13, 2026. His resignation was not due to any disagreement with the company. In connection with his departure, 10,230 restricted stock units were accelerated and vested. Following this, Henrik W. Bjørnstad was appointed to the Board as Markel Group Inc.'s designee, effective April 14, 2026.

Hagerty's Broad Arrow Auctions is set to host the first North American public auction of a Gordon Murray Automotive T.50 supercar on April 21, with an estimated sale price of $8 million to $10 million. This high-profile event, taking place during the celebrated California Mille tour, underscores Hagerty's growing presence and expertise in the ultra-luxury collector car market. A portion of the proceeds will benefit the California Highway Patrol (CHP) 11-99 Foundation and McPherson College's Automotive Restoration Program, enhancing Hagerty's brand reputation and community engagement. The auction of this highly anticipated vehicle is expected to draw significant attention, further solidifying Broad Arrow's position as a premier auction house for rare automobiles.