Hagerty delivered robust third-quarter results with total revenue increasing 18% year-over-year, driven by strong new business growth and an improved operating margin. Notable gains in membership and strategic partnerships position the company for continued expansion in the collectible vehicle insurance market.

• Total revenue reached $380 million, a significant 18% increase, fueled by a 16% rise in written premium and an impressive retention rate of 89%.
• Net income surged by 73% to $121 million, supported by a 350 basis point improvement in operating margins and adjusted EBITDA growth of 46% to $153 million.
• The launch of the Safe Storage Concierge service and a new partnership with Liberty Mutual enhances Hagerty's distribution capabilities and customer engagement.
• Membership and marketplace revenue grew by 54%, reflecting recent international expansion efforts and the introduction of the Enthusiast Plus program.
• Anticipating increased profitability, Hagerty is moving towards a 100% control of premium and risk management in collaboration with Markel, set to commence in 2026.