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AI brief of an SEC Form 8-K · Hagerty, Inc. (HGTY)

Hagerty raises 2026 profit outlook; Q3 net income falls 21% to $36 million

Mixed Impact 4 of 5 earnings Written later

Hagerty reported third-quarter 2026 results, with net income of $36.3 million, down 21.4% from $46.2 million a year earlier, and total revenue of $354 million, down 9.5%, largely due to the Markel Fronting Arrangement. Adjusted EBITDA rose 64% to $97 million, and the company raised its full-year 2026 net income range to $48 million–$60 million from $18 million–$30 million and its Adjusted EBITDA range to $305 million–$315 million from $270 million–$280 million.

Key points

  • Q3 2026 net income was $36 million versus $46 million a year earlier, and basic and diluted EPS were $0.08, compared with $0.18 and $0.11 in Q3 2025.
  • Q3 2026 Adjusted EBITDA rose 64% to $97 million; year-to-date Adjusted EBITDA rose 43% to $257 million.
  • Q3 2026 written premium rose 16% to $386 million, and total revenue fell 9% to $354 million, reflecting elimination of Markel-related commission revenue.
  • Full-year 2026 outlook includes about $199 million of pre-tax Markel transitional costs; the company now expects Written Premium growth of 16%–17%.

The filing

CompanyHagerty, Inc. (HGTY)
Form8-K, current report
Filed with the SECNov 3, 2026, 8:11 AM ET
Accession number0001840776-26-000043

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:45 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 03, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.