| Market Capitalization (Millions $) |
1,369 |
| Shares
Outstanding (Millions) |
101 |
| Employees |
1,891 |
| Revenues (TTM) (Millions $) |
1,449 |
| Net Income (TTM) (Millions $) |
109 |
| Cash Flow (TTM) (Millions $) |
80 |
| Capital Exp. (TTM) (Millions $) |
27 |
Business Description
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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