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Hagerty Reports Full Year 2024 Results; Provides 2025 Outlook for Revenue and Profit Growth [Yahoo! Finance]

Hagerty, Inc. Class A (HGTY) 
Company Research Source: Yahoo! Finance
Added a record 279,000 new members in 2024 Full year 2024 Marketplace revenue increased 90% year-over-year to $54.3 million Full year 2024 Operating Income increased 538% year-over-year to $66.4 million Full year 2024 Net Income increased 178% year-over-year to $78.3 million Full year 2024 Adjusted EBITDA increased 41% year-over-year to $124.5 million 2025 outlook for Total Revenue growth of 12-13% on Written Premium gains of 13-14% Margin expansion due to continued efficiency gains should result in Net Income growth of 30-40% and Adjusted EBITDA growth of 21-29% TRAVERSE CITY, Mich. March 4, 2025 /PRNewswire/ -- Hagerty, Inc. (NYSE: HGTY), an automotive enthusiast brand and leading specialty vehicle insurance provider, announced today financial results for the three and twelve months ended December 31, 2024. Hagerty (PRNewsfoto/Hagerty) "2024 was another excellent year at Hagerty with 20% revenue growth fueled by a record 279,000 new members. We are also investing Show less Read more
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