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Jun 30, 2024
Hagerty Q2 2024 Earnings Report
Hagerty's focus on car enthusiasts and media engagement drove strong written premium growth and high retention rates.
Key Takeaways
Hagerty reported that written premiums jumped 18% during the first six months of 2024, building on previous years' growth. The company's strategy of engaging car enthusiasts through Hagerty Media and other channels contributes to high retention rates and a Net Promoter Score of 82.
Written premiums grew 18% in the first six months of 2024, continuing a trend of consistent growth.
Hagerty's media presence, including Hagerty Drivers Club magazine and YouTube channel, engages a large audience of car enthusiasts.
The company's focus on car culture and community contributes to high member retention and a Net Promoter Score of 82.
Hagerty is expanding its social media presence to reach more viewers and potential customers.
Revenue by Segment
Forward Guidance
Hagerty is positioned to increase its fan base among car enthusiasts and sees a lot of smooth road ahead.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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