Hagerty Q2 FY26 net income drops 83% to USD 8.04 million; revenue falls 6.5% to USD 354.82 million

Reuters2026/08/05 10:57

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Hagerty posts Q2 net income of USD 8.04 million, down 83% year over year; GAAP revenue falls 6.5% to USD 354.82 million.
Written premium rises 19% to USD 424.5 million; earned premium climbs 41.7% to USD 251.96 million.
Net loss for the first half totals USD 4.7 million versus prior-year profit; includes USD 153.07 million in Markel fronting transitional costs.
Q2 adjusted EBITDA increases 2.6% to USD 74.51 million; first-half adjusted EBITDA rises 32.2% to USD 159.69 million.
Raises 2026 outlook: written premium growth 16%-17%, GAAP net income USD 18-30 million, adjusted EBITDA USD 270-280 million.

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: 202608050655PR_NEWS_USPR_____DE19435) on August 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Hagerty Q2 FY26 net income drops 83% to USD 8.04 million; revenue falls 6.5% to USD 354.82 million

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