Hagerty Inc. reported third quarter 2025 total revenue of $380.0 million, an increase of 18% year-over-year. Year-to-date 2025 total revenue rose 18% to $1,068.3 million. Third quarter written premium was $334.0 million, up 16% year-over-year, with year-to-date written premium increasing 13% to $934.4 million. Marketplace revenue for the third quarter grew 58% year-over-year to $34.2 million, and year-to-date marketplace revenue rose 135% to $89.9 million. Third quarter operating income increased 240% year-over-year to $34.3 million, with year-to-date operating income up 78% to $107.7 million. Adjusted earnings per share for the third quarter was $0.13, and $0.34 year-to-date. Hagerty raised its full-year 2025 outlook, expecting total revenue growth of 14-15%, net income growth of 58-65%, adjusted EBITDA growth of 37-41%, and written premium growth of 13-14%. The company ended the quarter with $160.4 million in unrestricted cash and $178.0 million in total debt. Main business developments included increased investment in a new technology platform and growth across its insurance, membership, and marketplace businesses.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hagerty Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: DE14537) on November 04, 2025, and is solely responsible for the information contained therein.
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