Hagerty, Inc. (HGTY) Form 8-K — Nov 3, 2026
Hagerty reported Q3 2026 results with Q3 Adjusted EBITDA up 64% to $97 million and written premium up 16% to $386 million, adding a record 402,000 new members year-to-date. The company raised its full-year 2026 outlook, with net income guidance lifted to $48-60 million from $18-30 million and Adjusted EBITDA guidance to $305-315 million from $270-280 million. Reported YTD net income fell to $32 million from $121 million due to $189 million of one-time Markel Fronting Arrangement transitional costs that amortize away by year-end, while favorable loss trends drove a $32 million reserve reduction and a 79.7% Q3 combined ratio.
Key figures
- Eps
- 0.08
- Revenue
- $354 million (Q3 2026, down 9% YoY)
- Guidance
- FY2026: Written Premium growth 16%-17%; Total Revenue (8)%-(7)%; Net Income $48-60 million; Adjusted EBITDA $305-315 million
- Net Income
- $36 million (Q3 2026); $32 million YTD
- Total Debt
- $247 million total debt
- Revenue Yoy
- -9.5%
- Cash Position
- $461 million unrestricted cash
- New members ytd
- 402000
- Hdc paid members
- 977456
- Combined ratio q3
- 79.7%
- Policies in force
- 1.9 million (+18% YoY)
- Adjusted ebitda q3
- $97 million (+64% YoY)
- Earned premium ytd
- $757 million (+42% YoY)
- Written premium q3
- $386 million (+16% YoY)
- Adjusted ebitda ytd
- $257 million (+43% YoY)
- Written premium ytd
- $1,099 million (+18% YoY)
- Markel transitional costs ytd
- $189 million pre-tax
AI analysis
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