The earnings call reflects a positive outlook with significant revenue and profitability growth, strong retention rates, and successful strategic initiatives. However, the company faced challenges such as natural disaster impacts and slower-than-expected growth in new customer acquisition.

Company Guidance -

Q2 2025

During Hagerty's first quarter 2025 earnings call, the company provided guidance indicating a robust performance and positive outlook. Total revenue increased by 18%, driven by a 12% rise in written premiums and a 13% growth in commission revenue. Membership, Marketplace, and Other revenue surged 60%, supported by successful auction events. Operating margin improved by 360 basis points, resulting in a net income gain of 233% and a 45% growth in adjusted EBITDA. Hagerty reaffirmed its 2025 guidance, projecting top-line revenue growth of 12% to 13% and anticipated net income between $102 million and $110 million, with adjusted EBITDA expected to reach $150 million to $160 million. The company emphasized strategic priorities focused on expanding specialty insurance offerings, improving membership integration, and enhancing their marketplace business, alongside significant technology investments expected to drive long-term efficiencies and growth.

Record Revenue Growth

Total revenue increased by 18% to $320 million in the first quarter of 2025, driven by new business gains and strong retention rates.

Significant Profitability Improvement

Operating margin increased by 360 basis points to 8%, with net income rising by 233% and adjusted EBITDA growing by 45%.

Success in Membership and Marketplace

Membership, Marketplace, and Other revenue increased by 60%, with notable performance in auctions at Amelia Concours and the Academy of Art University.

Strong Retention and Expansion Initiatives

Industry-leading retention rate of 89%. Plans to expand specialty insurance offerings and launch the Enthusiast Plus program.

Strategic Technology Investments

Progress on technology transformation with the transition to the Duck Creek platform, running on schedule and on budget.

Hagerty Inc Class A (HGTY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

HGTY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 04, 2025	2025 (Q2)	0.11 / -	0.12	―	―	―
May 07, 2025	2025 (Q1)	0.02 / 0.08	0.04	100.00% (+0.04)
Mar 04, 2025	2024 (Q4)	0.01 / 0.02	-0.01	300.00% (+0.03)
Nov 07, 2024	2024 (Q3)	0.08 / 0.05	0.05	0.00% (0.00)
Aug 06, 2024	2024 (Q2)	0.08 / 0.12	0.05	140.00% (+0.07)
May 07, 2024	2024 (Q1)	0.03 / 0.04	-0.044	190.91% (+0.08)
Mar 12, 2024	2023 (Q4)	-0.01 / -0.01	-0.1	90.00% (+0.09)
Nov 08, 2023	2023 (Q3)	0.03 / 0.05	0.07	-28.57% (-0.02)
Aug 08, 2023	2023 (Q2)	0.04 / 0.05	-0.02	350.00% (+0.07)
May 09, 2023	2023 (Q1)	-0.04 / -0.04	-0.014	-214.29% (-0.03)

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
May 07, 2025	$8.88	$9.75	+9.80%
Mar 04, 2025	$10.01	$9.90	-1.10%
Nov 07, 2024	$11.95	$11.43	-4.35%
Aug 06, 2024	$10.54	$10.78	+2.28%

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 Aug 04, 2025, After Close (Confirmed).

What is Hagerty Inc Class A (HGTY) earnings time?

Hagerty Inc Class A (HGTY) earnings time is at Aug 04, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is HGTY EPS forecast?

HGTY EPS forecast for the fiscal quarter 2025 (Q2) is 0.11.

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