Hagerty, Inc.

Overview

Hagerty, Inc. is an automotive-enthusiast company that combines specialty insurance for collector and enthusiast vehicles with marketplaces and related services. Its two business segments are Insurance and Marketplace; offerings also include vehicle auctions and private sales, enthusiast events, media and membership services.[1]+2 Hagerty describes its purpose as “to save driving and car culture for future generations.” [4] Founded in 1984, the company became public in 2021.[5]

Hagerty’s insurance operations are centered in the United States and also include Canada and the United Kingdom; its marketplace activities have expanded to auctions in Europe.[6]+2 For the year ended December 31, 2025, the company reported approximately $1.46 billion in revenue.[9] A financial-data source reports 1,891 employees at year-end 2025.[10] [1]+9

Products & services

Hagerty’s insurance products include collector-car and enthusiast-vehicle policies, which it underwrites, sells, and services as a managing general agent for insurance carrier partners. Enthusiast+ extends coverage to modern enthusiast vehicles that may be driven more often and stored more flexibly than traditional collector cars. Its State Farm Classic+ program is distributed through State Farm agents and was available in 37 states as of June 30, 2026.[11]+2

Hagerty Drivers Club (HDC) is an annual membership bundled with insurance policies. Benefits include emergency roadside assistance, Hagerty Drivers Club Magazine, access to enthusiast events, a vehicle valuation tool, and vehicle-related discounts. Hagerty’s valuation tools include a price guide, transaction history and comparable sales, watchlists with value-change alerts, market analysis, and a member forecasting model.[14][15]

Hagerty Marketplace and Broad Arrow facilitate sales of collector and enthusiast vehicles through live auctions, timed online auctions, and brokered private sales; vehicles acquired into inventory may also be sold. Broad Arrow Capital offers collector-car-secured loans to qualified collectors and businesses, as well as short-term buyer financing and consignor advances secured by vehicles committed for auction or private sale.[3]+4

For the six months ended June 30, 2026, Hagerty reported $666.652 million in consolidated revenue: $600.821 million from Insurance (about 90.1%) and $65.831 million from Marketplace (about 9.9%). Revenue lines included $491.598 million in earned premiums, $40.100 million in insurance commission and fee revenue, $65.310 million in Marketplace revenue, and $43.488 million in combined membership and other revenue. The percentages are calculated from reported amounts; the combined membership-and-other category is not a stand-alone product measure.[20] [11]+10

Geographic presence

Hagerty’s geographic footprint is concentrated in the United States, with insurance operations also in Canada and the United Kingdom. Its classic-car insurance is offered in all 50 U.S. states and Washington, D.C.; it also operates insurance programs in Canada and the U.K.[6][13] In 2025, subject premiums—not consolidated revenue—were approximately $985.9 million in the U.S., $65.9 million in Canada, and negative $0.04 million in the U.K., representing about 93.7%, 6.3%, and less than 0.1% of total subject premiums, respectively.[21] Geographic consolidated revenue is not broken out in the available filings.

Hagerty lists offices in Traverse City and Ann Arbor, Michigan; Dublin, Ohio; Golden, Colorado; Richmond Hill, Canada; and Northamptonshire, U.K.[22] Its principal executive office is in Traverse City, Michigan.[23] Hagerty reported 1,891 full-time employees at year-end 2025, without stating their geographic distribution.[24] [6]+5

Business segments

Hagerty, Inc. reported two operating and reportable segments beginning in the fourth quarter of 2025, recasting prior-period segment information; before then, it reported one segment.[25] For FY2025, Insurance generated $1,336.281 million, approximately 91.8% of total segment revenue of $1,456.389 million. The segment centers on collector-vehicle insurance underwriting, sales and servicing, alongside related membership, events, and media offerings.[26]+2

Marketplace generated $120.108 million, approximately 8.2% of total segment revenue. It earns commissions and fees from live and digital auctions and brokered private sales, and also includes occasional vehicle inventory sales and secured finance lending. Marketplace revenue includes $119.199 million in marketplace revenue and $0.909 million in investment income.[3][9] [25]+5

Company history

Hagerty was founded by Frank and Louise Hagerty on April 3, 1984, initially specializing in insurance for classic and collector wooden boats. In 1991, it expanded into classic-car insurance, and in 2006 it launched a magazine for automotive enthusiasts.[28][29]

The company broadened beyond insurance over time: it introduced Hagerty Drivers Club in 2018 and acquired MotorsportReg, a motorsports event-management platform, in 2019. In 2021, it acquired several automotive events, including the Amelia Island Concours d’Elegance, and completed its business combination with Aldel Financial; Hagerty began trading on the New York Stock Exchange as HGTY on December 3.[30]+4

In 2022, Hagerty launched digital vehicle classifieds and online auctions through Hagerty Marketplace, and completed its acquisition of Broad Arrow Group, expanding its presence in collector-car auctions and related services.[35]+2 [32]+9

Sources

• Hagerty, Inc. — Full financial report (2025 Y)
  13 citations

  [1][2][3][6][7][8][9][12][21][23][25][26][27]
• www.hagerty.com[4]
• investor.hagerty.com[5]
• stockanalysis.com[10]
• Hagerty, Inc. — Full financial report (2026 Q 2)
  8 citations

  [11][13][14][16][17][18][19][20]
• hdcweb.hagerty.com[15]
• www.hagerty.com[22]
• www.sec.gov[24]
• www.hagerty.com[28]
• www.hagerty.com[29]
• www.hagerty.com[30]
• www.prnewswire.com[31]
• Hagerty, Inc. — Full financial report (2021 Y)[32][33]
• newsroom.hagerty.com[34]
• newsroom.hagerty.com[35]
• newsroom.hagerty.com[36]
• newsroom.hagerty.com[37]