Hagerty Reshapes Markel Partnership With New Essentia Agreements

Hagerty Inc Class A ( (HGTY) ) just unveiled an update.

On December 31, 2025, Hagerty, Inc. and key affiliates, together with strategic partner Markel Group, completed a previously announced fronting arrangement by amending and entering a series of core agreements that reshape their long-term collaboration. The parties extended their master relationship through December 31, 2028, preserved Hagerty’s option (via OpCo) to acquire Essentia Insurance Company between January 1, 2026 and January 1, 2028, and removed several restrictive and exclusivity covenants in both their master relationship and OpCo’s LLC agreement, potentially giving Hagerty and Markel greater strategic and business flexibility. At the same time, Hagerty Insurance Agency and Hagerty Reinsurance entered a new General Agency Agreement and a Quota Share Reinsurance Agreement with Essentia, effective January 1, 2026, under which Hagerty Re will assume 100% of the risk on specified Essentia policies while HIA gains expanded authority to produce, bind, service, and manage those policies, consolidating underwriting risk and administrative control within Hagerty’s structure.

The most recent analyst rating on (HGTY) stock is a Buy with a $13.50 price target. To see the full list of analyst forecasts on Hagerty Inc Class A stock, see the HGTY Stock Forecast page.

Spark’s Take on HGTY Stock

According to Spark, TipRanks’ AI Analyst, HGTY is a Outperform.

Hagerty Inc Class A’s overall stock score reflects strong financial performance and positive earnings call sentiment, supported by strategic partnerships and marketplace expansion. However, the high valuation and mixed technical indicators present some risks. The company’s robust financial health and strategic initiatives position it well for future growth, but careful monitoring of valuation and market conditions is advised.

To see Spark’s full report on HGTY stock, click here.

More about Hagerty Inc Class A

Hagerty, Inc. operates in the insurance and automotive services industry, focusing on specialty and classic vehicle coverage through subsidiaries including Hagerty Insurance Agency and Hagerty Reinsurance. The company maintains a longstanding strategic partnership with Markel Group and uses entities such as Essentia Insurance Company to support its program business in the specialty auto insurance market.

Average Trading Volume: 118,876

Technical Sentiment Signal: Buy

Current Market Cap: $4.6B

For an in-depth examination of HGTY stock, go to TipRanks’ Overview page.