Hagerty, Inc., an automotive enthusiast brand and leading specialty vehicle insurance provider, announced on Feb. 26 financial results for the three and twelve months ended Dec. 31, 2025.
The fourth quarter 2025 total revenue increased 19% year-over-year to $357 million, and full year 2025 total revenue increased 17% year-over-year to $1,456 million.
“(Last year) was a standout year for Hagerty, defined by accelerating momentum and record new business count,” said McKeel Hagerty, Chief Executive Officer and Chairman of Hagerty. “Top-line gains of 17% were fueled by written premium growth of 14%, and we efficiently converted this revenue into a 91% surge in net income. We also reinvested significantly in our business, including our technology transformation, the launch of Enthusiast+, the roll-out of State Farm to 27 states, as well as our Marketplace expansion into Europe.
“In 2026, we will continue to invest back into our member-centric model to drive durable, compounding growth, with written premiums expected to increase 15% to 16%. 2026 also marks a major milestone for Hagerty as we move to a 100% quota share with our long-term partner, Markel. We believe this evolution, combined with our technology-led efficiency initiatives, positions us to generate even higher rates of underlying profit growth and cash flow for our shareholders over the coming years,” added Hagerty.
