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Hagerty Inc   (NYSE: HGTY)
Other Ticker:  
 
    Sector  Financial    Industry Insurance Brokerage
   Industry Insurance Brokerage
   Sector  Financial
 
Price: $9.6100 $-0.16 -1.638%
Day's High: $9.77 Week Perf: -2.24 %
Day's Low: $ 9.58 30 Day Perf: -18.83 %
Volume (M): 61 52 Wk High: $ 12.35
Volume (M$): $ 589 52 Wk Avg: $9.96
Open: $9.73 52 Wk Low: $7.68



 Market Capitalization (Millions $) 862
 Shares Outstanding (Millions) 90
 Employees 1,732
 Revenues (TTM) (Millions $) 1,153
 Net Income (TTM) (Millions $) 79
 Cash Flow (TTM) (Millions $) -362
 Capital Exp. (TTM) (Millions $) 22

Hagerty Inc
Hagerty Inc. is a car insurance company that specializes in classic vehicles. The company was founded in 1984 by Frank Hagerty and his wife Louise, who were classic car enthusiasts themselves. Today, Hagerty is one of the largest and most respected classic car insurers in the world, with over5 million insured vehicles and more than 1,200 employees globally.

Hagerty's headquarters are in Traverse City, Michigan, but they have offices in Canada, the UK, and Germany, as well as affiliates in Australia, New Zealand, and Italy. The company offers a wide range of insurance products for classic cars, boats, motorcycles, and other classic and collector vehicles. They also provide a variety of related services to help classic car owners preserve and enjoy their vehicles, including valuation tools, car-buying advice, and event sponsorships.

One of Hagerty's unique features is their einsured agreed valuee coverage, which means that they will pay out the full value of a customer's insured vehicle in the event of a total loss, without any depreciation. This is particularly important for classic cars, which often appreciate in value over time. Hagerty also offers specialized coverage for car clubs, auctions, and museums, as well as coverage for vehicles that are being restored or under construction.

In addition to their insurance and support services, Hagerty is also an active participant in the classic car community. They sponsor a number of classic car events and rallies around the world, including the prestigious Pebble Beach Concours d'Elegance. They also publish a classic car magazine, Hagerty Drivers Club, which features stories, news, and insights from the classic car world.

Overall, Hagerty Inc. is a company that embodies the passion and enthusiasm of classic car enthusiasts. They provide comprehensive insurance coverage and a range of related services to help classic car owners protect and enjoy their vehicles, while also supporting the wider classic car community.


   Company Address: 121 Drivers Edge Traverse City 49684 MI
   Company Phone Number: 922-4050   Stock Exchange / Ticker: NYSE HGTY


   

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Announcement

Driving Forward Broad Arrows Stellar Growth and Strategic Mastery in the Collector Car Market,

Published Wed, Dec 18 2024 6:08 PM UTC

In a significant stride for the collector car market, Broad Arrow, a Hagerty (NYSE: HGTY) company, has demonstrated remarkable growth and resilience in 2024. Securing nearly $316 million in transactions through auctions, private sales, and financing in its third year of operation, the company achieved a 75% increase from its previous year?s performance of $180 million. Despi...

Partnership

Broad Arrow Auctions Partners with BMW for Concorso dEleganza Amid Challenges in Operating Profit Margin

Published Tue, Nov 26 2024 3:43 PM UTC

In a significant move for the luxury automotive auction industry, Broad Arrow Auctions, part of Hagerty Inc., announced its partnership with BMW AG to become the official auction partner for the prestigious Concorso d Eleganza Villa d Este starting in May 2025. This partnership signals both a commitment to high-quality collector car sales and the potential for increased visi...

Business Update

Hagerty and Agero Join Forces Again A Continued Commitment to Roadside Assistance for Car Enthusiasts

Published Tue, Sep 10 2024 12:47 PM UTC

Hagerty Inc., known for its dedication to automotive enthusiasts, has announced the renewal of a multi-year partnership with Agero, a leading provider of roadside assistance services. This strategic collaboration underscores Hagerty?s commitment to offering specialized services tailored to the unique needs of car lovers and collectors, ensuring peace of mind on the road.As a...

Announcement

Revving Up Collectible Dreams Broad Arrows Retro Motors Collection Lights Up Chattanooga

Published Mon, Jul 29 2024 4:30 PM UTC

Grosse Pointe, Michigan July 29, 2024 In a thrilling announcement that has enthusiasts buzzing, Broad Arrow Auctions a subsidiary of Hagerty (NYSE: HGTY) has confirmed an impressive consignment of 25 modern collector cars from the Retro Motors Collection for its inaugural auction at the Chattanooga Motorcar Festival. Set to take place on October 12, 2024, this event mark...

Announcement

-grabbing 911 GT1 Rennversion, Broad Arrow Auctions is proving their dominance in the Porsche market with past succes...

Published Tue, Jul 16 2024 3:05 PM UTC

Grosse Pointe, Michigan, July 16, 2024 - Broad Arrow Auctions, a Hagerty (NYSE: HGTY) company, is set to showcase a true titan of motorsport at the highly anticipated 2024 Broad Arrow Monterey Auction. The star of the show will be none other than the illustrious 1997 Porsche 911 GT1 Rennversion, a vehicle deemed one of the most collectible Porsches in existence today.Estimat...







Hagerty Inc's Segments
U S    45.24 % of total Revenue
Canada    2.51 % of total Revenue
Europe    1.01 % of total Revenue
Agent    19.75 % of total Revenue
Direct    29.02 % of total Revenue
Commission and fee revenue    35.92 % of total Revenue
Commission and fee revenue U S    29.9 % of total Revenue
Commission and fee revenue Canada    2.15 % of total Revenue
Commission and fee revenue Europe    0.56 % of total Revenue
Commission and fee revenue Agent    17.89 % of total Revenue
Commission and fee revenue Direct    14.72 % of total Revenue
Contingent commission revenue    3.31 % of total Revenue
Contingent commission revenue U S    3.26 % of total Revenue
Contingent commission revenue Europe    0.05 % of total Revenue
Contingent commission revenue Agent    1.85 % of total Revenue
Contingent commission revenue Direct    1.45 % of total Revenue
Membership marketplace and other revenue    12.84 % of total Revenue
Membership revenue    4.58 % of total Revenue
Membership revenue U S    4.28 % of total Revenue
Membership revenue Canada    0.3 % of total Revenue
Membership revenue Europe    0 % of total Revenue
Membership revenue Direct    4.58 % of total Revenue
Marketplace and other revenue    8.27 % of total Revenue
Marketplace and other revenue U S    7.8 % of total Revenue
Marketplace and other revenue Canada    0.06 % of total Revenue
Marketplace and other revenue Europe    0.4 % of total Revenue
Marketplace and other revenue Direct    8.27 % of total Revenue





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