Hagerty Inc Class A (HGTY)
NYSE:HGTY
Earnings Data
Report Date
May 12, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.06Last Year’s EPS
0.08Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted strong operating performance in 2025 — double-digit revenue growth, record new members, robust marketplace expansion, materially higher profits, cash flow and improved underwriting economics — and presented strategic long-term positives such as the Markel fronting arrangement and distribution partnerships. However, the company warned of significant 2026 GAAP accounting noise tied to the fronting transition (including a ~$190M noncash amortization) that will depress reported 2026 net income and revenue comparability despite healthy underlying written-premium growth and solid adjusted EBITDA guidance. The fundamentals and adjusted metrics are strong, but near-term GAAP results will look worse due to one-time and transitional items.Company Guidance
Full-Year Revenue and Net Income Growth
Revenue up 17% for full-year 2025 and net income surged 91% to $149 million, driven by premium growth, efficiency gains and a $21 million reserve reduction.
Record New Members and Written Premium Momentum
Welcomed a record 371,000 new members in 2025; written premium gains of 14% for the year and written-premium guidance of 15%–16% growth for 2026.
Strong Operating Cash Flow and Adjusted EBITDA Expansion
Operating cash flow grew 24% to $219 million; adjusted EBITDA grew 46% for the full year to $237 million and Q4 adjusted EBITDA was $57 million (up 97% year-over-year).
Quarterly and Segment Revenue Strength
Q4 total revenue increased 19% to $357 million; Q4 written premiums up 19%; commission and fee revenue +18% to $106 million; Q4 marketplace revenue +80% to $29 million; membership & other revenue +8% to $19 million.
Marketplace / Auction Acceleration
Marketplace revenue jumped 119% to $119 million for the year; total vehicle transaction activity reported at $566 million (McKeel) and $624 million (Patrick) across auctions, private transactions and financing; expansion into Italy, Belgium, Switzerland and #2 global player in auctions after ~3 years.
Improved Underwriting Economics and Ratings
Full-year 2025 loss ratio 39% and combined ratio 87% (including 3 points benefit from the $21M reserve reduction); Hagerty Re return on equity 34%; A.M. Best reaffirmed A- rating and upgraded outlook to positive; renegotiated reinsurance with a double-digit risk-adjusted decrease in costs.
Strategic Fronting Arrangement with Markel
Transition to a Markel fronting arrangement where Hagerty retains 100% of U.S. premium beginning Jan 1, creating a step-change in potential underwriting profitability and investment income and capturing full economics versus prior commission model.
Geographic and Distribution Expansion
Selling State Farm Classic+ new business in 27 states with conversions of a U.S. book of ~525,000 vehicles in progress in 7 states; announced new partnership with Liberty Mutual/Safeco and continued expansion of B2B/agent distribution efforts.
HGTY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HGTY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $11.62 | $12.09 | +4.04% |
Nov 04, 2025 | $11.29 | $11.14 | -1.33% |
Aug 04, 2025 | $10.02 | $10.75 | +7.29% |
May 07, 2025 | $8.88 | $9.75 | +9.80% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Hagerty Inc Class A (HGTY) report earnings?
Hagerty Inc Class A (HGTY) is schdueled to report earning on May 12, 2026, After Close (Confirmed).
What is Hagerty Inc Class A (HGTY) earnings time?
Hagerty Inc Class A (HGTY) earnings time is at May 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is HGTY EPS forecast?
HGTY EPS forecast for the fiscal quarter 2026 (Q1) is -0.06.