Overview

* Hagerty Q2 2025 revenue grows 18% yr/yr, beating analysts' expectations

* Adjusted EPS and EBITDA for Q2 beat consensus

* Raises full-year growth outlook

Outlook

* Hagerty ( HGTY ) raises 2025 revenue growth outlook to 13%-14%

* Company expects 2025 net income growth of 43%-53%

* Hagerty ( HGTY ) anticipates 2025 adjusted EBITDA growth of 30%-38%

* Company forecasts 2025 written premium growth of 13%-14%

Result Drivers

* MARKETPLACE REVENUE - Marketplace revenue surged 327% due to higher inventory sales and European auction at Concorso d'Eleganza Villa d'Este

* WRITTEN PREMIUM - Written premium increased 11% year-over-year, contributing to overall revenue growth

* TECHNOLOGY INVESTMENTS - Investments in technology platforms like Duck Creek expected to enhance margins and support future growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $368.70 $347.20

Revenue mln mln (2

Analysts

)

Q2 Beat $0.13 $0.11 (3

Adjusted Analysts

EPS )

Q2 Net $47.20

Income mln

Q2 Beat $63.70 $50.40

Adjusted mln mln (2

EBITDA Analysts

)

Q2 Basic $0.09

EPS

Q2 EBIT $47.70

mln

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the property & casualty insurance peer group is "buy."

* Wall Street's median 12-month price target for Hagerty Inc ( HGTY ) is $11.00, about 8.9% above its August 1 closing price of $10.02

* The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 26 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)