Jun 2026 (Q2 FY26) — Aug 5, 2026
Hagerty Q2 FY26 — Record Growth and Raised Full-Year Outlook
Read the full callHagerty earnings: last reported Wed, 5 Aug 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 355 | −6.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | Quarterly, as filed | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. |
Price
1Y: $11.33 on 17 Oct 2025 → $15.56. High $15.56 (19 Oct 2026), low $9.67 (11 Mar 2026).
Overview
Call summaries
Hagerty Q2 FY26 — Record Growth and Raised Full-Year Outlook
Read the full callHagerty Q1 FY26 — Strong Underwriting and Record Member Growth Drive Performance
Read the full callHagerty Q4 FY25 — Strong Growth and Strategic Markel Fronting Arrangement
Read the full callEvery analysed call
Financials
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 323 | 292 | 328 | 379 | 380 | 388 | 312 | 355 |
| Operating profit | 10 | 6 | 26 | 48 | 34 | — | — | — |
| Operating margin | 3.1% | 2.1% | 7.8% | 12.6% | 9.0% | — | — | — |
| Interest | — | — | 1 | 1 | — | — | 1 | 1 |
| Profit before tax | 18 | 14 | 33 | 53 | 13 | 40 | -21 | 2 |
| Tax rate | −5.7% | 39.3% | 16.7% | 11.6% | −246.2% | 28.1% | 39.1% | −260.3% |
| Line item | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Reserves | 57 | -482 | -490 | -469 | -452 | -403 |
| Total liabilities | 493 | 771 | 945 | 1,095 | 1,101 | 1,347 |
| Fixed assets | 26 | 28 | 25 | 21 | 18 | 16 |
| Investments | — | — | — | 11 | 74 | — |
| Total assets | 611 | 1,042 | 1,313 | 1,588 | 1,709 | 2,094 |
| Line item | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Cash from operations | 85 | 42 | 55 | 134 | 177 | 219 |
| Cash from investing | -47 | -69 | -92 | -53 | -619 | -185 |
| Cash from financing | 40 | 332 | -28 | 103 | -47 | 30 |
| Net cash flow | 78 | 305 | -65 | 185 | -491 | 66 |
| Capital expenditure | -38 | -43 | -44 | -26 | -21 | -25 |
| Free cash flow | 46 | -1 | 11 | 107 | 156 | 194 |
| Segment | Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Insurance | — | — | — | — | — | — | 63% | 56% | — |
| Marketplace | — | — | — | — | — | — | 37% | 44% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
| KPI | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Policy retention rate | 89%Written premiums grew 19% due to robust new business count helped by ramping State Farm conversions and our 89% retention.Source: earnings call transcript | 89%PIF growth jumped 15% as our retention rate remained steady at an industry-leading 89%.Source: earnings call transcript | 88%Our high rates of PIF growth and industry-leading retention of 88% powers consistent compounding growth and provides us with excellent visibility into future revenue streams, particularly as we unlock our partnership opportunities by deepening existing relationships and adding new ones.Source: earnings call transcript | -1 pt |
| Combined ratio Hagerty Re | — | 87%Hagerty Re's combined ratio was 87%, and we took down our reserves by $6 million in the first quarter.Source: earnings call transcript | 90%Turning to profitability, shown on slides 7 and 8, Hagerty-Ree's combined ratio came in at 90% in the second quarter, despite inflationary pressures.Source: earnings call transcript | +3 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Q2 FY2026 · share of revenue
As HGTY cuts its regions in its filings; they can nest, so they need not add to 100%.
68 filings between Oct 20, 2025 and Oct 2, 2026.
Purchases
$298.2K
3 purchases by 1 insider
Sales
$128.85M
20 sales by 5 insiders
90% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Also filed: 11 conversions, 2 gifts.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Hagerty Holding Corp. | — | $122.03M | Sep 11, 2026 |
| Ahn Kenneth | — | $5.75M | Jan 26, 2026 |
| KAUFFMAN ROBERT I | — | $836.7K | Oct 27, 2025 |
| Kuczinski Anthony J | $298.2K | — | May 15, 2026 |
| DELANEY KEVIN M | — | $163.2K | Jul 2, 2026 |
| Harris Laurie | — | $60.9K | Apr 7, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 2, 2026 | Chafey Diana Chief Legal Officer | Award | 979 | $12.5K |
| Oct 2, 2026 | McClymont Patrick Chief Financial Officer | Award | 1,192 | $15.2K |
| Oct 1, 2026 | Chafey Diana Chief Legal Officer | Tax withheld | 1,076 | $14.5K |
| Oct 1, 2026 | DELANEY KEVIN M Chief Accounting Officer | Tax withheld 10b5-1 plan | 959 | $12.9K |
| Sep 24, 2026 | KAUFFMAN ROBERT I Director | Gift | 74,000 | $0 |
| Sep 11, 2026 | MARKEL GROUP INC. 10% owner | Conversion | 7,836,411 | — |
| Sep 11, 2026 | Hagerty Holding Corp. 10% owner | Conversion | 1,387,500 | — |
| Sep 11, 2026 | Hagerty Holding Corp. 10% owner | Sale | 1,387,500 | $15.92M |
| Sep 9, 2026 | Hagerty Holding Corp. 10% owner | Sale | 9,250,000 | $106.12M |
| Sep 9, 2026 | Hagerty Holding Corp. 10% owner | Conversion | 9,250,000 | — |
| Jul 2, 2026 | DELANEY KEVIN M Chief Accounting Officer | Sale 10b5-1 plan | 3,113 | $38.1K |
| Jul 1, 2026 | DELANEY KEVIN M Chief Accounting Officer | Sale 10b5-1 plan | 9,440 | $114.2K |
| Jul 1, 2026 | Briglia Jeffrey Edward President of Insurance | Tax withheld | 4,892 | $59.0K |
| Jul 1, 2026 | DELANEY KEVIN M Chief Accounting Officer | Tax withheld 10b5-1 plan | 2,525 | $30.5K |
| Jul 1, 2026 | Bjornstad Henrik Waersted Director | Award | 10,114 | $0 |
| Jun 30, 2026 | DELANEY KEVIN M Chief Accounting Officer | Sale 10b5-1 plan | 905 | $10.9K |
| May 15, 2026 | Kuczinski Anthony J Director | Purchase | 9,500 | $99.4K |
| Apr 7, 2026 | Harris Laurie Director | Sale 10b5-1 plan | 5,531 | $60.9K |
| Apr 2, 2026 | McClymont Patrick Chief Financial Officer | Award | 962 | $9.7K |
| Apr 2, 2026 | Chafey Diana Chief Legal Officer | Award | 1,165 | $11.8K |
| Apr 1, 2026 | Hagerty McKeel Chief Executive Officer | Tax withheld | 82,868 | $883.4K |
| Apr 1, 2026 | Champagne Collette CHRO and CAO | Award | 23,742 | $0 |
| Apr 1, 2026 | Briglia Jeffrey Edward President of Insurance | Award | 46,297 | $0 |
| Apr 1, 2026 | McClymont Patrick Chief Financial Officer | Tax withheld | 32,388 | $345.3K |
| Apr 1, 2026 | Harris Laurie Director | Award | 11,871 | $0 |
| Apr 1, 2026 | McClymont Patrick Chief Financial Officer | Award | 54,013 | $0 |
| Apr 1, 2026 | Page Russell Andrew Chief Information Officer | Tax withheld | 11,146 | $118.8K |
| Apr 1, 2026 | Champagne Collette CHRO and CAO | Tax withheld | 28,278 | $301.4K |
| Apr 1, 2026 | Page Russell Andrew Chief Information Officer | Award | 30,865 | $0 |
| Apr 1, 2026 | Ahn Kenneth President, Hagerty Marketplace | Award | 23,149 | $0 |
| Apr 1, 2026 | Salmi Mika Director | Award | 11,871 | $0 |
| Apr 1, 2026 | Chafey Diana Chief Legal Officer | Tax withheld | 4,833 | $51.5K |
| Apr 1, 2026 | DELANEY KEVIN M Chief Accounting Officer | Award | 17,614 | $0 |
| Apr 1, 2026 | Kay Sabrina Director | Award | 11,871 | $0 |
| Apr 1, 2026 | Harbert Randall Houston Director | Award | 11,871 | $0 |
| Apr 1, 2026 | Briglia Jeffrey Edward President of Insurance | Tax withheld | 9,899 | $105.5K |
| Apr 1, 2026 | Chafey Diana Chief Legal Officer | Award | 23,742 | $0 |
| Apr 1, 2026 | DELANEY KEVIN M Chief Accounting Officer | Tax withheld | 8,456 | $90.1K |
| Apr 1, 2026 | KAUFFMAN ROBERT I Director | Award | 11,871 | $0 |
| Apr 1, 2026 | SWANSON WILLIAM H Director | Award | 11,871 | $0 |
| Apr 1, 2026 | Kuczinski Anthony J Director | Award | 11,871 | $0 |
| Apr 1, 2026 | Ahn Kenneth President, Hagerty Marketplace | Tax withheld | 9,627 | $102.6K |
| Apr 1, 2026 | Heaton Michael R Director | Award | 11,871 | $0 |
| Mar 12, 2026 | Kuczinski Anthony J Director | Purchase | 4,000 | $38.0K |
| Mar 3, 2026 | Kuczinski Anthony J Director | Purchase | 15,000 | $160.8K |
| Jan 26, 2026 | Ahn Kenneth President, Hagerty Marketplace | Conversion 10b5-1 plan | 50,000 | $0 |
| Jan 26, 2026 | Ahn Kenneth President, Hagerty Marketplace | Sale 10b5-1 plan | 50,000 | $620.5K |
| Jan 20, 2026 | Ahn Kenneth President, Hagerty Marketplace | Sale 10b5-1 plan | 50,000 | $627.5K |
| Jan 20, 2026 | Ahn Kenneth President, Hagerty Marketplace | Conversion 10b5-1 plan | 50,000 | $0 |
| Jan 12, 2026 | Ahn Kenneth President, Hagerty Marketplace | Sale 10b5-1 plan | 50,000 | $643.0K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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