Hagerty Reports Third Quarter 2026 Results; Increases 2026 Growth Outlook
Key Highlights
- ➤Written Premium $1.099B year-to-date, up 18% year-over-year
- ➤Adjusted EBITDA $257M year-to-date, up 43% year-over-year
- ➤2026 Net Income outlook raised to $48M–$60M
- ➤2026 Adjusted EBITDA outlook raised to $305M–$315M
- ➤Policies in force rose 18% year-over-year to 1.9 million
Expert Statements
McKeel Hagerty, Chief Executive Officer and Chairman of Hagerty
“Third quarter results marked the continuation of the excellent business momentum from the first half of 2026. We grew written premium 18% during the first nine months as we added a record 402,000 new members. Net Income was $32 million and Adjusted EBITDA grew 43% to $257 million, reflecting strong written premium growth combined with the move to controlling 100% of the economics under the new Markel Fronting Arrangement. Given the strength of our results and current trajectory, we are again increasing our expectations for full year 2026.”
McKeel Hagerty, Chief Executive Officer and Chairman of Hagerty
“We have built one of the most engaging membership models in the automotive world. This differentiated approach powers sustained written premium growth from adding new members, deepening relationships and creating opportunities to sell other products and services. The Hagerty ecosystem is delivering, with record sales at Monterey car week and an 83% increase in auction sales so far this year.”
Hagerty Reports Third Quarter 2026 Results; Increases 2026 Growth Outlook PR Newswire
* Strong underlying operational performance with record increase in Members, Written Premium, and Earned Premium * Written Premium grew 18% year-over-year to $1,099 million * Added a record 402,000 new members during the first nine months of 2026, with 18% policy in force growth to 1.9 million members * Earned Premium increased 42% to $757 million * Combined ratio for Hagerty Re of 85.2%, including $32 million of lower estimated losses, with $26 million related to the current accident year and $6 million for the 2025 accident year * Transition to Markel Fronting Arrangement on January 1, 2026 resulted in decrease to reported revenue as previously disclosed * Net Income of $32 million, including $189 million of pre-tax Markel Fronting Arrangement transitional costs, compared to Net Income of $121 million in the prior year period * Adjusted EBITDA (a non-GAAP measure) increased 43% to $257 million, compared to $180 million in the prior year period * Cash Flow from Operating Activities increased 48% to $280 million * Increased 2026 Profit Outlook – Net Income range of $48–$60 million and Adjusted EBITDA range of $305–$315 million TRAVERSE CITY, Mich., Nov. 3, 2026 /PRNewswire/ -- Hagerty, Inc. (NYSE: HGTY) makes it easier and more enjoyable for car enthusiasts to drive and celebrate the vehicles they love — through specialty vehicle insurance, live and digital auctions, engaging media and events, and the Hagerty Drivers Club, the world's largest membership community of car lovers. Today the company announced financial results for the three and nine months ended September 30, 2026.
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