Hagerty NYSE: HGTY reported what executives described as its strongest first-quarter performance to date, citing record policy additions, accelerating premium growth and improved adjusted earnings, even as accounting changes tied to a new reinsurance structure weighed on GAAP results.
Hagerty, Inc. (HGTY) Q1 2026 Earnings Call Transcript
Hagerty, Inc. (HGTY) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of $0.01. This compares to earnings of $0.08 per share a year ago.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
Tom Gayner Markel Gayner Asset Management Corp | 3.11M | $29.12M | $34M | $4.88M | 16.75% |
| YA Yinka Akinsola Blue Trust Inc. | 67 | $654.47 | $732.98 | $78.51 | 12% |
| BA Bobby Adusumilli SJS Investment Consulting Inc. | 3 | $36.12 | $32.82 | -$3.3 | -9.14% |
| MM Mike Meixler Meixler Investment Management Ltd. | 26,250 | $227,345.3 | $287,175 | $59,829.7 | 26.32% |
| DP Drew Phillips Fortitude Family Office LLC | 6 | $60.86 | $65.82 | $4.96 | 8.15% |
| Insurance Industry | Financials Sector | McKeel O. Hagerty CEO | NYSE Exchange | 405166109 CUSIP |
| US Country | 1,733 Employees | - Last Dividend | - Last Split | 1 Jun 2021 IPO Date |
Hagerty, Inc. is a global provider of insurance services with its headquarters based in Traverse City, Michigan. The company specializes in motor vehicle and boat insurance products while also extending its offerings to reinsurance products. Hagerty's involvement in the automotive enthusiast community is significant, providing a range of services and products designed to enhance the ownership experience of collector vehicles. Through its media arm, Hagerty Media, it publishes content across various channels including the Hagerty Drivers Club Magazine, videos, and social media, catering to the interests of automotive enthusiasts around the world.
Hagerty Media: This division produces content aimed at automotive enthusiasts, including editorial content through the Hagerty Drivers Club Magazine (HDC), engaging video content, and active participation in social media. This multi-channel approach aims to connect deeply with the car enthusiast community by sharing compelling stories, insights, and entertainment.
Hagerty Drivers Club (HDC): HDC is a subscription-based offering that provides members with a range of exclusive products and services. This includes the HDC magazine, access to automotive enthusiast events, proprietary vehicle valuation tools, emergency roadside services, and discounts on vehicle-related services. The club aims to enhance the experience of owning and driving collector vehicles.
Vehicle Valuation Tool (HVT): HVT is a specialized valuation tool offered by Hagerty, which allows customers to access both current and historic pricing data for collector vehicle models. This tool is invaluable for enthusiasts and investors looking to purchase, sell, or simply understand the value of collector vehicles over time.
Hagerty Garage + Social: This service provides a mix of clubhouses and car storage facilities for automotive enthusiasts. Ideal for individuals seeking a social environment centered around the love for cars, it offers community-driven experiences and secure storage solutions for collector vehicles. Hagerty Garage + Social emphasizes the communal aspect of car enthusiasm, allowing members to connect and share their passion for cars in a dedicated space.