Record Revenue Growth
Total revenue increased by 18% to $380 million, driven by new business count gains, a 16% increase in written premium, and 18% growth in commission and fee revenue.
Strong Profitability
Operating margins increased by 590 basis points to 9%, resulting in a 240% increase in operating profit to $34 million. Net income grew by 143% to $46 million.
Expanded Partnerships
New partnerships announced with Liberty Mutual and Safeco to expand distribution channels and engage more customers.
Marketplace Expansion
Marketplace and other revenue jumped 34% to $56 million, with successful auctions and private sales contributing significantly.
Increased 2025 Outlook
Hagerty increased its full-year expectations for revenue growth to 14%-15% and adjusted EBITDA to $170-$176 million.