Hagerty combines passion-driven brand loyalty with data-driven insurance, achieving 18% Q3 2025 revenue growth to $368.7M, with its dual-engine model spanning specialty insurance and a booming $12B classic car marketplace, with 327% year-over-year marketplace revenue surge. A new fronting arrangement effective January 1, 2026, will grant Hagerty control of 100% of the premium, eliminating third-party fees and boosting profitability.
Cyborg Score Rationale
Hagerty's fronting arrangement with Markel will eliminate third-party fees, aligned with its shift toward direct underwriting, which has expanded margins through its Duck Creek technology platform, enabling entry into high-risk markets like Florida and California. 2026 is highlighted as a possible turning point for scale and profitability.
Top Insights
876K Hagerty Drivers Club members with 82 NPS, outpacing peers via emotional equity and proprietary valuation tools
Broad Arrow auction company achieved 97 percent year-over-year growth in total transaction value in 2025, exceeding $624 million
International expansion includes successful auctions in Europe with plans for Belgium, Switzerland, and Las Vegas events, tapping into global demand for classic vehicles and mitigating regional economic risks
Keefe Bruyette lifted its Hagerty price target to US$15 from US$14 and kept an Outperform rating
Named Competitors
Plymouth Rock Assurance — Auto insurance with specialty focus
CSAA Insurance Group — Regional auto and specialty insurance provider
Auto Insurance Specialists — Specialty vehicle insurance provider
Recent Developments
(February 2026) Marc Burns promoted to Chief Marketing Officer; Matt Teshera appointed SVP of Marketing
(December 2025) Released 2026 Bull Market List identifying 11 enthusiast vehicles expected to appreciate
(January 2026) New fronting arrangement with Markel effective January 1, grants full premium control
Open the full interactive Hagerty, Inc. report
Strategic research, analyst-debate audio, full Cyborg Score breakdown across 11 dimensions, and saved-company audio playlists.