Hagerty Q2 2022 Earnings Report
Key Takeaways
Hagerty's Q2 2022 update highlights a strong focus on growth, customer satisfaction, and strategic partnerships. The company's written premium growth is accelerating, and its Net Promoter Score remains high. The acquisition of the remaining stake in Broad Arrow Group is expected to boost the Marketplace strategy.
Hagerty's written premium growth for the first half of 2022 was 15%, exceeding the industry average.
The company maintains an industry-leading Net Promoter Score of 82, demonstrating high customer satisfaction.
Hagerty is partnering with State Farm to expand its customer base and leverage their network of agents.
The acquisition of the remaining 60% of Broad Arrow Group is expected to drive the Marketplace strategy and be immediately accretive.