Hagerty's stock surged 5.51% during intraday trading on Thursday, driven by the company's release of better-than-expected fourth-quarter and full-year 2025 financial results.
The automotive insurance provider reported Q4 adjusted earnings per share of $0.08, significantly exceeding analyst estimates of $0.03. Revenue for the quarter reached $357 million, beating expectations of approximately $324.9 million. Full-year 2025 net income soared 91% year-over-year to $149 million, fueled by a 17% increase in total revenue and a 14% rise in written premiums.
Key growth drivers included a 119% surge in marketplace revenue and a record addition of 371,203 new insurance policies. For 2026, Hagerty provided an outlook anticipating sustained written premium growth of 15% to 16%, with adjusted EBITDA projected between $236 million and $247 million.