Hagerty Inc Class A ( (HGTY) ) has released its Q3 earnings. Here is a breakdown of the information Hagerty Inc Class A presented to its investors.
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Hagerty, Inc. is a leading automotive enthusiast brand and specialty vehicle insurance provider, known for its commitment to preserving car culture and offering a range of services including car valuation, auctions, and events for car enthusiasts. In its third quarter of 2025, Hagerty reported a significant increase in financial performance, with total revenue rising by 18% year-over-year to $380 million and net income surging by 143% to $46.2 million. The company also saw a 106% increase in adjusted EBITDA, reaching $49.7 million, and announced a new partnership with Liberty Mutual, enhancing its strategic positioning in the market. Key highlights from the report include a 58% increase in marketplace revenue and a 16% rise in written premiums, underscoring the company’s robust growth trajectory. Hagerty’s management has raised its full-year 2025 outlook, anticipating total revenue growth of 14-15% and net income growth of 58-65%, reflecting confidence in sustained growth and margin expansion through strategic investments and partnerships.