Hagerty Q3 2026 net income falls 21% to $36.27 million; revenue drops 10% to $354.24 million
HGTY•Hagerty reported third-quarter net income of $36.27 million, down 21% year over year, and revenue of $354.24 million, down 9%. Full-year 2026 net income guidance rose to $48 million-$60 million, including approximately $199 million in Markel transitional costs.
1. Quarterly results
Hagerty’s third-quarter 2026 net income fell 21% year over year to $36.27 million, including $36 million in pre-tax Markel transitional costs. Revenue fell 9% to $354.24 million, reflecting the transition to the Markel Fronting Arrangement. Written premium rose 16% to $385.97 million, while policies in force increased 18% to 1,909,254 at September 30, 2026.
2. Full-year guidance
Hagerty increased its full-year 2026 net income guidance to $48 million-$60 million, including approximately $199 million in Markel transitional costs.
