In Q4 2025, Hagerty grew total revenue 19% year over year to $357.326 million and increased net income 238% to $28.559 million, with a significantly improved loss ratio of 31.4%.
Total revenue increased 19% year over year to 357326000.
Net income increased 238% year over year to 28559000.
Loss ratio improved to 31.4% from 42.8% in the prior year period.
Adjusted EBITDA increased 97% year over year to 56644000.
For full year 2026, Hagerty expects written premium growth of 15% to 16%, total revenue to decline (12)% to (11)% due to elimination of Markel-related commission revenue under the new fronting arrangement, net loss of (51000000) to (41000000) including approximately 190000000 of pre-tax transition costs, and adjusted EBITDA of 236000000 to 247000000.
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