Hagerty Posts 17% Revenue Growth to $1.456B, Net Income Up 91% and Forecasts 15-16% Premium Rise
Hagerty's full year 2025 revenue rose 17% to $1,456 million and net income jumped 91% to $149 million on a 14% increase in written premiums. The company added 371,000 members and forecasts 15-16% premium growth in 2026 under a new 100% quota share deal with Markel.
1. Strong Financial Results in 2025
In 2025 Hagerty delivered 17% revenue growth to $1,456 million and a 14% increase in written premiums to $1,194 million. Net income rose 91% to $149 million and adjusted EBITDA climbed 46% to $237 million, supported by lower loss ratios and a 19% jump in fourth-quarter revenue to $357 million.
2. Record Member Growth and Marketplace Expansion
The insurer added 371,000 new members, growing its Hagerty Drivers Club base to about 930,000. Marketplace revenue surged 119% to $119 million, fueled by expanded private sales, new European auctions, a State Farm rollout to 27 states and the launch of Enthusiast+.
3. 2026 Outlook and Strategic Initiatives
Hagerty projects 15-16% written premium growth in 2026 under its new 100% quota share deal with Markel, leveraging technology-led efficiency. Management plans continued reinvestment in its member-centric model to generate higher profit growth and cash flow.