First quarter 2025 Total Revenue increased 18% year-over-year to $319.6 millionFirst quarter 2025 Written Premium increased 12% year-over-year to $244.3 millionFirst quarter 2025 Marketplace revenue increased 176% year-over-year to $29.0 millionFirst quarter 2025 Operating Income increased 110% year-over-year to $25.7 millionFirst quarter 2025 Operating Income margin increased by 360 bps compared to the prior year periodFirst quarter 2025 Net Income increased 233% year-over-year to $27.3 millionFirst quarter 2025 Adjusted EBITDA increased 45% year-over-year to $39.6 millionReaffirmed 2025 Outlook for 12-13% Total Revenue growth, 30-40% Net Income growth and 21-29% Adjusted EBITDA growthTRAVE

LONDON, England, May 06, 2025 (GLOBE NEWSWIRE) -- Broad Arrow's featured auction offerings include incredibly evocative 1938 Talbot-Lago T150 C Lago Spéciale Teardrop Coupé by Figoni and Falaschi, alongside the sole-surviving 1949 Talbot-Lago T26 Grand Sport Coupe by Dubos FrèresAuction also presents first-ever public sale of the most original early Ferrari available, the 1948 Ferrari 166 Spyder Corsa by AnsaloniAdditional classic racing highlights include the prestigious 1936 Maserati 6CM Factory Works, eligible for the Monaco Historic Grand PrixFurther highlights include a Pebble Beach class-winning 1939 Lagonda V12 Rapide James Young Drophead Coupé, a Classiche Certified 1965 Ferrari

LONDON, England, April 30, 2025 (GLOBE NEWSWIRE) -- Broad Arrow is proud to present an unrivalled collection of some of the world's rarest and most collectible automobiles for auction in ItalyIconic supercar models include a 1989 Ferrari F40 Competizione, a 2022 Pagani Huayra R and a Guards Red 2006 Porsche Carrera GTBMW models from across the marque's history, including the beautiful 507 Roadster and a selection of revered M models, lead the Saturday evening BMW-only saleMercedes is represented by an iconic 300 SL ‘Gullwing', 300 SL Roadster and a CLK DTM AMG CabrioletBroad Arrow Concorso d'Eleganza Villa d'Este Auction takes place 24-25 May at Villa Erba in partnership with BMW AGThe

TRAVERSE CITY, Mich., April 23, 2025 /PRNewswire/ -- Hagerty, Inc. (NYSE:HGTY), an automotive enthusiast brand and a leading specialty vehicle insurance provider, today announced it will report its first quarter 2025 financial results before the market opens on Wednesday, May 7, 2025. Hagerty will hold a conference call to discuss the financial results at 10:00 am Eastern Time on that day. A live webcast of the conference call will be available on Hagerty's investor relations website at investor.hagerty.com. The dial-in for the conference call is (877) 423-9813 (toll-free) or

LONDON, England, April 23, 2025 (GLOBE NEWSWIRE) -- Broad Arrow offers McLaren MP4-12C supercars personally owned by Sir Lewis Hamilton and Jenson ButtonThe MP4-12C defined the future of McLaren Automotive and its subsequent modelsHamilton and Button contributed extensively to development of the MP4-12C, providing valuable feedback that was implemented in production modelsExtremely rare opportunity to own a supercar that defined a global brand and that was owned by a modern-era Formula One World ChampionBoth cars to feature at the inaugural Broad Arrow Auction at Concorso d'Eleganza Villa d'Este on 24-25 May 2025 Broad Arrow Auctions, a Hagerty company (NYSE:HGTY), will be auctioning

Grosse Pointe, Michigan, April 14, 2025 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, a Hagerty (NYSE:HGTY) company, has released the complete digital catalog for its second annual Porsche Auction, set for April 26, 2025, in partnership with the Air|Water happening at the Orange County Fairgrounds. The catalog counts 55 Porsche collector cars alongside 20 lots of hard-to-find Porsche memorabilia and one half-scale Dakar Junior child's car. The Air|Water Auction presents Porsche enthusiasts with the opportunity to bring home supremely collectible Porsche examples worthy of any serious collection, with final featured entries led by rare and desirable modern open-top Porsche performance cars, inc

Grosse Pointe, Michigan, April 09, 2025 (GLOBE NEWSWIRE) -- 1989 RUF CTR Yellowbird highlights latest consignments for Broad Arrow's second annual Porsche Auction at the popular Air|Water happeningYellowbird leads exceptional list of Porsche performance and racing cars set for April 26 auction in Costa Mesa, CaliforniaFurther highlights include a 1966 Porsche 906, 1990 Porsche 911 Reimagined by Singer, 1994 Porsche 911 Turbo 3.6 X88, 2012 RUF Rt 12 S with factory-fitted R-spec engine, and moreBidder registration and additional information on all lots updated daily at broadarrowauctions.com Broad Arrow Auctions, a Hagerty (NYSE:HGTY) company, has announced an exceedingly rare 1989 RUF

London, United Kingdom, April 03, 2025 (GLOBE NEWSWIRE) -- BMW-only sale on 24 May celebrates history of BMW as hosts of revered ConcorsoBroad Arrow is the official auction partner of the Concorso d'Eleganza Villa d'Este, with sale set for 24-25 May at Villa Erba, Italy70 of the world's finest automobiles will feature across the two-day auction Broad Arrow Auctions, a Hagerty (NYSE:HGTY) company, continues to add exceptional collector cars to the offering for its inaugural year as the official auction partner of the prestigious Concorso d'Eleganza Villa d'Este. Today, Broad Arrow is delighted to announce that a significant BMW-only sale will feature as part of its two-day Concors

London, United Kingdom, March 25, 2025 (GLOBE NEWSWIRE) -- Sale also features 1936 Fiat 570 Bertone Barchetta, the first car created by famous designer, Nuccio BertoneTarga Florio "giant-killer," 1966 Fiat Abarth OT 1300 and Elva BMW Mk 8 which competed in Road America 500 also on offerBroad Arrow Concorso d'Eleganza Villa d'Este Auction takes place 24-25 May at Villa Erba Broad Arrow Auctions, a Hagerty (NYSE:HGTY) company, will present a number of historically significant motorsport models at its inaugural Concorso d'Eleganza Villa d'Este Auction on 24-25 May 2025. Broad Arrow Auctions has partnered with BMW AG to become the official auction partner of the Concorso d'Eleganza V

The Amelia's 30th Annual Celebration Saw a Weekend of Fine Dining, Driving Experiences, Live Auctions, and the Amelia Concours D'Elegance—Showcasing Hundreds of Exquisite Vehicles from Around the World AMELIA ISLAND, Fla., March 12, 2025 /PRNewswire/ -- Among a distinguished field of more than 240 historically significant automobiles, spanning 35 classes, a 1938 Alfa Romeo 8C 2900 claimed the prestigious title of Best of Show, Concours d'Elegance, while a 1967 Lotus 49 was honored as Best of Show, Concours de Sport at the 30th Amelia Concours d'Elegance. Event press releases, concours results, photos and the event program can be found here.

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Raymond James downgraded Hagerty from Mkt Perform to Underperform

JP Morgan initiated coverage of Hagerty with a rating of Neutral and set a new price target of $9.00

Truist initiated coverage of Hagerty with a rating of Hold and set a new price target of $11.00

Raymond James initiated coverage of Hagerty with a rating of Mkt Perform

First quarter 2025 Total Revenue increased 18% year-over-year to $319.6 millionFirst quarter 2025 Written Premium increased 12% year-over-year to $244.3 millionFirst quarter 2025 Marketplace revenue increased 176% year-over-year to $29.0 millionFirst quarter 2025 Operating Income increased 110% year-over-year to $25.7 millionFirst quarter 2025 Operating Income margin increased by 360 bps compared to the prior year periodFirst quarter 2025 Net Income increased 233% year-over-year to $27.3 millionFirst quarter 2025 Adjusted EBITDA increased 45% year-over-year to $39.6 millionReaffirmed 2025 Outlook for 12-13% Total Revenue growth, 30-40% Net Income growth and 21-29% Adjusted EBITDA growthTRAVE

TRAVERSE CITY, Mich., April 23, 2025 /PRNewswire/ -- Hagerty, Inc. (NYSE:HGTY), an automotive enthusiast brand and a leading specialty vehicle insurance provider, today announced it will report its first quarter 2025 financial results before the market opens on Wednesday, May 7, 2025. Hagerty will hold a conference call to discuss the financial results at 10:00 am Eastern Time on that day. A live webcast of the conference call will be available on Hagerty's investor relations website at investor.hagerty.com. The dial-in for the conference call is (877) 423-9813 (toll-free) or

Full year 2024 Total Revenue increased 20% year-over-year to $1.200 billionFull year 2024 Written Premium increased 15% year-over-year to $1.044 billionAdded a record 279,000 new members in 2024Full year 2024 Marketplace revenue increased 90% year-over-year to $54.3 millionFull year 2024 Operating Income increased 538% year-over-year to $66.4 millionFull year 2024 Net Income increased 178% year-over-year to $78.3 millionFull year 2024 Adjusted EBITDA increased 41% year-over-year to $124.5 million2025 outlook for Total Revenue growth of 12-13% on Written Premium gains of 13-14%Margin expansion due to continued efficiency gains should result in Net Income growth of 30-40% and Adjusted EBITDA g

TRAVERSE CITY, Mich., Feb. 18, 2025 /PRNewswire/ -- Hagerty, Inc. (NYSE:HGTY), an automotive enthusiast brand and a leading specialty vehicle insurance provider, today announced it will report its fourth quarter 2024 financial results before the market opens on Tuesday, March 4, 2025. Hagerty will hold a conference call to discuss the financial results at 10:00 am Eastern Time on that day. A live webcast of the conference call will be available on Hagerty's investor relations website at investor.hagerty.com. The dial-in for the conference call is (877) 423-9813 (toll-free) or

Third quarter 2024 Total Revenue increased 17% year-over-year to $323.4 million, and year-to-date 2024 Total Revenue increased 20% year-over-year to $908.3 millionThird quarter 2024 Written Premium increased 13% year-over-year to $287.6 million, and year-to-date 2024 Written Premium increased 16% year-over-year to $827.1 millionThird quarter 2024 Marketplace revenue increased 66% year-over-year to $21.6 million, and year-to-date 2024 Marketplace revenue increased 54% year-over-year to $38.3 millionThird quarter 2024 Loss Ratio of 60.0% (includes $24.7 million of pre-tax catastrophe losses related to Hurricane Helene) compared to 41.1% in the prior year period. Year-to-date 2024 Loss Ratio of

TRAVERSE CITY, Mich., Oct. 24, 2024 /PRNewswire/ -- Hagerty, Inc. (NYSE:HGTY), an automotive enthusiast brand and a leading specialty vehicle insurance provider, today announced it will report its third quarter 2024 financial results before the market opens on Thursday, November 7, 2024. Hagerty will hold a conference call to discuss the financial results at 10:00 am Eastern Time on that day. A live webcast of the conference call will be available on Hagerty's investor relations website at investor.hagerty.com. The dial-in for the conference call is (877) 423-9813 (toll-free)

Increases 2024 Outlook for Revenue and Profit Growth Second quarter 2024 Total Revenue increased 20% year-over-year to $313.2 million, and year-to-date 2024 Total Revenue increased 22% year-over-year to $584.9 millionSecond quarter 2024 Written Premium increased 16% year-over-year to $321.2 million, and year-to-date 2024 Written Premium increased 18% year-over-year to $539.5 millionSecond quarter 2024 Operating Income margin expanded by 560 bps compared to the prior year period, and year-to-date 2024 Operating Income margin expanded by 840 bps compared to the prior year periodSecond quarter 2024 Net Income of $42.7 million, an increase of $27.1 million compared to the prior year period, and

TRAVERSE CITY, Mich., July 23, 2024 /PRNewswire/ -- Hagerty, Inc. (NYSE:HGTY), an automotive enthusiast brand and a leading specialty vehicle insurance provider, today announced it will report its second quarter 2024 financial results before the market opens on Tuesday, August 6, 2024. Hagerty will hold a conference call to discuss the financial results at 10:00 am Eastern Time on that day. A live webcast of the conference call will be available on Hagerty's investor relations website at investor.hagerty.com. The dial-in for the conference call is (877) 423-9813 (toll-free) or

First quarter 2024 Total Revenue increased 24% year-over-year to $271.7 millionFirst quarter 2024 Written Premium increased 19% year-over-year to $218.3 millionFirst quarter 2024 Operating Income margin expanded by 1,210 bps compared to the prior year periodFirst quarter 2024 Net Income of $8.2 million, an increase of $23.2 million compared to the prior year periodFirst quarter 2024 Adjusted EBITDA (a non-GAAP measure) of $27.3 million, an increase of $20.6 million compared to the prior year periodDelivered Policies in Force Retention of 88.7% and achieved insurance Net Promoter Score of 82Reaffirmed 2024 Outlook for 15-17% Total Revenue growth, 116-148% Net Income growth and 41-53% Adjusted

TRAVERSE CITY, Mich., April 23, 2024 /PRNewswire/ -- Hagerty, Inc. (NYSE:HGTY), an automotive enthusiast brand and a leading specialty vehicle insurance provider, today announced it will report its first quarter 2024 financial results before the market opens on Tuesday, May 7, 2024. Hagerty will hold a conference call to discuss the financial results at 10:00 am Eastern Time on that day. A live webcast of the conference call will be available on Hagerty's investor relations website at investor.hagerty.com. The dial-in for the conference call is (877) 423-9813 (toll-free) or (2

The Amelia's 30th Annual Celebration Saw a Weekend of Fine Dining, Driving Experiences, Live Auctions, and the Amelia Concours D'Elegance—Showcasing Hundreds of Exquisite Vehicles from Around the World AMELIA ISLAND, Fla., March 12, 2025 /PRNewswire/ -- Among a distinguished field of more than 240 historically significant automobiles, spanning 35 classes, a 1938 Alfa Romeo 8C 2900 claimed the prestigious title of Best of Show, Concours d'Elegance, while a 1967 Lotus 49 was honored as Best of Show, Concours de Sport at the 30th Amelia Concours d'Elegance. Event press releases, concours results, photos and the event program can be found here.

London, United Kingdom, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Broad Arrow, a Hagerty (NYSE:HGTY) company, is delighted to announce the expansion of its European and UK-based teams with the addition of renowned car specialists along with seasoned industry veterans focused on operations, client development, and marketing. Growing the company's specialist footprint throughout Continental Europe are Philip Kantor (based in Belgium), Gregory Tuytens (Belgium), Paul Gaucher (France), Daniele Turrisi (Italy), and Jean-Louis Baldanza (France), each well-regarded and highly experienced in the collector car industry. Furthermore, Valérie Simonet (France), Ryan Cigana (UK), and Simon Drake (UK) will join

TRAVERSE CITY, Mich., May 31, 2024 /PRNewswire/ -- Hagerty (NYSE:HGTY) announced today that Jeff Briglia has been named Hagerty's new President of Insurance, effective July 1, 2024, to lead all aspects of the company's insurance operations. "I am pleased to welcome Jeff to the Hagerty team as we continue to position the company for sustained profit growth," said McKeel Hagerty, Chief Executive Officer and Chairman of Hagerty. "Jeff has a proven track record of strategic change management across a variety of business areas, including product, claims, distribution, marketing, sa

TRAVERSE CITY, Mich., Jan. 18, 2024 /PRNewswire/ -- Hagerty, Inc., (NYSE:HGTY) an automotive enthusiast brand and leading specialty vehicle insurance provider, has named Arjun H. Chowdri as its new Senior Vice President of Membership and Retention. Arjun will lead the company's global membership programs, including the Hagerty Driver's Club, the world's largest paid car club with more than 800,000 members. Additionally, Arjun will lead Hagerty's Garage and Social business, a portfolio of five premium car storage and clubhouse locations across the US and Canada.  Prior to joining Hagerty, Arjun was Chief Administrative and Innovation Officer for the PGA of America.

TRAVERSE CITY, Mich., Dec. 4, 2023 /PRNewswire/ -- Hagerty, Inc., (NYSE:HGTY) an automotive enthusiast brand and leading specialty vehicle insurance provider, has named Gary Chard as its new Senior Vice President of Marketplace Operations. Chard will join the senior leadership team of Marketplace, Hagerty's growing business to support members and enthusiasts who are buying and selling collector cars. He will oversee all aspects of Marketplace operations, including live and digital auctions, private sales, financing and classifieds. "Gary is an industry pro who will help us tak

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