Hagerty Reports Third Quarter 2026 Results; Increases 2026 Growth Outlook
Hagerty reported strong Q3 2026 results with year-to-date written premium of $1,099 million, up 18% year-over-year, and a record 402,000 new members added, bringing policies in force to 1.9 million. Q3 Adjusted EBITDA rose 64% to $97 million and YTD Adjusted EBITDA rose 43% to $257 million, while reported revenue fell 9% to $354 million due to the accounting impact of the Markel Fronting Arrangement, which eliminated commission revenue as Hagerty now retains 100% of premium economics. GAAP Q3 EPS was $0.08 with adjusted diluted EPS of $0.10.
Key figures
- Eps
- 0.08
- Revenue
- $354 million
- Guidance
- FY2026 Net Income $48-60M (raised from $18-30M); Adjusted EBITDA $305-315M (raised from $270-280M); Written Premium growth 16-17%; Total Revenue change (8)%-(7)%
- Revenue Yoy
- -9%
- Pif growth
- 18%
- Total debt
- 247000000
- Ytd net income
- 32000000
- Policies in force
- 1909254
- Q3 earned premium
- 265000000
- Unrestricted cash
- 461000000
- Q3 adjusted ebitda
- 97000000
- Q3 written premium
- 386000000
- Ytd earned premium
- 757000000
- Ytd adjusted ebitda
- 257000000
- Ytd written premium
- 1099000000
- Q3 adjusted ebitda yoy
- 64%
- Q3 adjusted diluted eps
- 0.1
- Ytd adjusted ebitda yoy
- 43%
- Ytd operating cash flow
- 280000000
- Written premium growth ytd
- 18%
- Hagerty re q3 combined ratio
- 79.7%
- Hagerty re ytd combined ratio
- 85.2%
- Markel transitional costs ytd pre tax
- 189000000
AI analysis
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