Hagerty, Inc. provides insurance agency services worldwide. It offers automobile and boat insurance products; and reinsurance products. The company also provides Hagerty Media, which publishes contents through the HDC Magazine, video content, YouTube channel; HDC that offers subscription based products and services, including HDC Magazine, automotive enthusiast events, proprietary vehicle valuation tools, emergency roadside services, and special vehicle-related discounts; HVT, a valuation tool used by the customer to access current and historic pricing data of collector car, truck, SUV, and motorcycle models; and Hagerty Events, an eclectic mix of small and large events. In addition, it offers DriveShare, a peer-to-peer rental platform for collector and cool vehicles; Motorsport Reg, a motorsport membership, licensing, and event online management system that automates event listings, registration, and payment processing for various motorsport events; and Hagerty Garage + Social, a platform that provides clubhouses and car storage facilities. The company is headquartered in Traverse City, Michigan.

Hagerty, Inc.

Hagerty was built by people who love cars. We began as a niche insurance agency offering coverage for collector cars. We’re now a global automotive enthusiast brand and the world’s largest membership organization for car lovers. It's all driven by our love for cars.

Our purpose is saving driving. We exist to fuel car culture and ultimately save driving for future generations. Our mission is building a global business to fund our purpose, create a space where team members thrive; and drive positive impact throughout the world.

Driving is who we are. Hagerty offers integrated membership products and programs with unique experiences that bring together automotive enthusiasts across the globe. We connect people who love cars through our Hagerty Drivers Club (620,000+ members), entertainment and events such as the Greenwich Concours d’Elegance, the Concours d’Elegance of America, and the California Mille, as well as valuation capabilities, DriveShare, Media, and Garage + Social.

Hagerty is always looking for talented new team members to help us drive forward. If our purpose, mission and beliefs resonate with you, let’s talk about getting you behind the wheel.

Hagerty

Is Jaguar, as a brand, on the rocks? That’s the growing sense in the collector car industry, at least. For decades, classics like the XK 120, XK 140, XK 150 and E-Type have been mainstays for dealers, brokers, and buyers, but lately they don’t seem to generate the same market excitement they once did. They are getting harder to sell, and over the past five years many prices are either stagnant or decreasing.

#hagerty #jaguar #collectorcars #cars 

Celebrating 40 years behind the wheel. 🚘 

More and more classic Japanese cars continue to impress on the auction block, and on the road. No longer an undiscovered country, the Japanese collector car market is firmly established and still growing.

#classiccars #cars #honda #toyota #mazda #lexus #subaru #nissan #hagerty #suzuki #collectorcars

One of the signature cars at Hagerty's Amelia Auction next week on Amelia Island, Florida, is this stunning 1988 Porsche 959 SC Reimagined by Canepa. 
For more on the entire auction lineup, visit https://lnkd.in/gifvT9Aa

#hagerty #broadarrowauctions #collectorcars #carauctions #porsche

Thanks to the Traverse City Record-Eagle (our hometown newspaper!) for including Sabrina Wheaton, director of Member Service Center operations at Hagerty and chair of our Women’s Employee Resource Group, in their article on employee mentoring. 

Sabrina's take on the subject: “At Hagerty, investing in our female talent aligns with our values and our focus on building an inclusive culture. “We regularly audit gender equity from a compensation standpoint to reconcile pay gaps and recently introduced a Women’s Employee Resource group to offer our female team members and allies opportunities to learn, build their networks and grow personally and professionally as they navigate their careers.”

#traversecityrecordeagle #hagerty #traversecity #ERGs #employment #inclusiveculture #jobs #retention 

	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
net income	8.47M -	4.21M 50.37%	10.04M 138.69%	-61.35M 711.15%	2.40M 103.92%	20.23M 741.91%
depreciation and amortization	7.75M -	8.95M 15.42%	11.80M 31.83%	22.14M 87.67%	33.89M 53.03%	45.81M 35.18%
deferred income tax		5.92M -	1.48M 75.05%	3.04M 105.53%	2.97M 2.14%	2.92M 1.75%
stock based compensation		-138.02K -	2.65M 2,018.43%	44.97M 1,598.18%	12.13M 73.03%	18.02M 48.54%
change in working capital	29.79M -	30.53M 2.48%	57.85M 89.49%	33.33M 42.38%	58.47M 75.42%	45.48M 22.23%
accounts receivables	-14.27M -	-27.24M 90.85%	-24.87M 8.70%	-36.12M 45.22%	-49.46M 36.95%	-69.88M 41.28%
inventory	10.73M -	49.00M 356.49%	46.55M 5.00%	61.41M 31.93%		113.80M -
accounts payables	4.26M -	5.61M 31.57%	13.96M 148.88%	5.99M 57.08%	21.26M 254.76%	11.51M 45.86%
other working capital	29.07M -	3.16M 89.12%	22.21M 602.36%	2.05M 90.78%	86.67M 4,130.01%	-9.96M 111.49%
other non cash items	125.11K -	619.41K 395.10%	758.17K 22.40%	155K 79.56%	-54.54M 35,284.52%	12.49M 122.91%
net cash provided by operating activities	46.15M -	50.09M 8.55%	84.57M 68.84%	42.28M 50.01%	55.33M 30.86%	144.95M 161.98%
investments in property plant and equipment	-7.89M -	-9.40M 19.19%	-38.26M 306.80%	-43.37M 13.36%	-44.38M 2.32%	-26.40M 40.50%
acquisitions net		-11.25M -	-8.88M 21.08%	-14.61M 64.60%	-30.65M 109.83%	-7.90M 74.22%
purchases of investments				-12.25M -	-4.23M 65.43%	-10.57M 149.60%
sales maturities of investments				1.18M -	1.22M 2.79%	7.47M 514.14%
other investing activites	-503.09K -	-406.21K 19.26%	-255.77K 37.03%	48K 118.77%	-13.47M 28,170.83%	-14.46M 7.33%
net cash used for investing activites	-8.39M -	-21.06M 150.87%	-47.39M 125.06%	-68.99M 45.59%	-91.52M 32.65%	-51.87M 43.33%
debt repayment	-150K -	-74.65M 49,666.67%	-29.10M 61.02%	-43.50M 49.48%	-122.50M 181.61%	-10.45M 91.47%
common stock issued		89.09M -				80.69M -
common stock repurchased						1.53M -
dividends paid			-4M -	-4.06M 1.40%		-24.00M -
other financing activites	12.38M -	25.65M 107.11%	73.05M 184.79%	379.63M 419.70%	94.42M 75.13%	43.38M 54.05%
net cash used provided by financing activities	12.23M -	40.09M 227.68%	39.95M 0.36%	332.07M 731.27%	-28.08M 108.46%	91.14M 424.52%
effect of forex changes on cash	-515.80K -	224.88K 143.60%	884.92K 293.51%	-464K 152.43%	-504K 8.62%	865K 271.63%
net change in cash	49.47M -	69.35M 40.18%	78.02M 12.50%	304.89M 290.80%	-64.78M 121.25%	185.09M 385.71%
cash at beginning of period	102.24M -	151.71M 48.39%	221.06M 45.71%	299.08M 35.29%	603.97M 101.94%	539.19M 10.73%
cash at end of period	151.71M -	221.06M 45.71%	299.08M 35.29%	603.97M 101.94%	539.19M 10.73%	724.28M 34.33%
operating cash flow	46.15M -	50.09M 8.55%	84.57M 68.84%	42.28M 50.01%	55.33M 30.86%	144.95M 161.98%
capital expenditure	-7.89M -	-9.40M 19.19%	-38.26M 306.80%	-43.37M 13.36%	-44.38M 2.32%	-26.40M 40.50%
free cash flow	38.26M -	40.69M 6.36%	46.32M 13.84%	-1.09M 102.35%	10.95M 1,105.79%	118.55M 982.32%

NYSE:HGTY

Hagerty, Inc.

Last Close

8.57

17/05 20:00

Market Cap

2.70B

Beta: -

Volume Today

33.80K

Avg: 104.70K

PE Ratio

−17.35

PFCF: 44.27