Hagerty Inc (HGTY) Q3 2024 Earnings Call Highlights: Strong Revenue Growth Amidst Catastrophe ... [Yahoo! Finance]
Hagerty, Inc. Class A (HGTY)
Company Research
Source: Yahoo! Finance
Commission and Fee Revenue: Increased 13% to $116 million. Membership, Marketplace, and Other Revenue: Rose 27% to $42 million. Earned Premium: Increased 19% to $166 million. Operating Income: $10 million in Q3, excluding Helene's impact would have been double the prior year. Adjusted EBITDA: $24 million, impacted by $25 million in losses from Hurricane Helene. Net Income: $19 million for Q3 2024. Operating Cash Flow: $190 million for the first nine months of 2024, up 43%. Loss Ratio: Year-to-date at 47%, including 7 points from catastrophe impacts. GAAP EPS: $0.03 for the quarter. Adjusted EPS: $0.05 for Q3 and $0.22 for the first nine months of 2024. Unrestricted Cash Balance: $147 million as of September 2024. Long-term Debt: $123 million, with $77 million excluding specific back leverage. 2024 Revenue Outlook: Increased to $1.18 billion with 15% written premium growth. Net Income Outlook: $65 million to $74 million for 2024. Adjusted EBITDA Outlook: $1
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HGTY
News
- Hagerty: Gen X, older millennials are driving a shift from muscle cars to modern classics [Yahoo! Finance]Yahoo! Finance
- Hagerty Announces 2025 Bull Market List: 11 Collector Cars Poised to Gain Value in 2025 [Yahoo! Finance]Yahoo! Finance
- Hagerty Announces 2025 Bull Market List: 11 Collector Cars Poised to Gain Value in 2025PR Newswire
- Broad Arrow Presents the Academy of Art University Collection of Over 100 Collectors Cars at Auction in February 2025 [Yahoo! Finance]Yahoo! Finance
- Hélio Castroneves Named Honoree at The Amelia in 2025PR Newswire
HGTY
Earnings
- 11/7/24 - Miss
HGTY
Sec Filings
- 12/20/24 - Form 144
- 12/19/24 - Form 144
- 12/19/24 - Form 4
- HGTY's page on the SEC website