Hagerty: 3 Key Takeaways for Long-Term Investors

Hagerty raised full-year earnings guidance after reporting $257 million in adjusted EBITDA through Q3 2026, adding 402,000 new members. The specialty insurer is benefiting from younger generations (Gen X, Millennials, Gen Z) accounting for over 60% of new insurance quotes, a 40% expansion of its internal claims team reducing loss rates, and B2B distribution partnerships with major carriers and 54,000 independent agents. The company insures less than 8% of its 36 million vehicle target market, indicating significant growth potential.