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Hagerty (HGTY) Revenue & Revenue Breakdown

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Hagerty Revenue Highlights

Latest Revenue (Y)

$1.01B

Latest Revenue (Q)

$311.28M

Main Segment (Y)

Commission Revenue And Fee Revenue

Main Geography (Y)

UNITED STATES

Hagerty Revenue by Period

Hagerty Revenue by Year

DateRevenueChange
2023-12-31$1.01B21.97%
2022-12-31$829.49M43.87%
2021-12-31$576.54M15.41%
2020-12-31$499.55M25.74%
2019-12-31$397.27M31.68%
2018-12-31$301.70M-

Hagerty generated $1.01B in revenue during NA 2023, up 21.97% compared to the previous quarter, and up 335.35% compared to the same period a year ago.

Hagerty Revenue by Quarter

DateRevenueChange
2024-06-30$311.28M17.21%
2024-03-31$265.57M2.93%
2023-12-31$258.00M-6.66%
2023-09-30$276.42M6.53%
2023-06-30$259.49M19.12%
2023-03-31$217.84M8.36%
2022-12-31$201.03M-11.96%
2022-09-30$228.34M13.82%
2022-06-30$200.62M0.56%
2022-03-31$199.50M78.37%
2021-12-31$111.84M-33.46%
2021-09-30$168.09M0.40%
2021-06-30$167.41M29.57%
2021-03-31$129.20M6.38%
2020-12-31$121.45M-10.56%
2020-09-30$135.78M12.07%
2020-06-30$121.16M-0.00%
2020-03-31$121.16M-

Hagerty generated $311.28M in revenue during Q2 2024, up 17.21% compared to the previous quarter, and up 142.90% compared to the same period a year ago.

Hagerty Revenue Breakdown

Hagerty Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 22Dec 21
Membership And Other Revenue$77.29M$51.68M
Commission Revenue And Fee Revenue$307.24M$271.57M

Hagerty's latest annual revenue breakdown by segment (product or service), as of Dec 22: Commission Revenue And Fee Revenue (79.90%), and Membership And Other Revenue (20.10%).

Quarterly Revenue by Product

Product/ServiceSep 24Mar 24Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21
Product and Service, Other$26.73M$17.80M$18.78M-------
Commission Revenue And Fee Revenue$116.16M$88.84M$103.17M$110.19M$74.61M$63.81M$85.46M$95.51M$62.46M$57.57M
Membership And Other Revenue$41.53M$31.25M$32.62M$23.57M$26.51M$20.85M$23.81M$16.41M$16.22M$13.36M
Membership$14.80M$13.45M$13.84M-------

Hagerty's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Commission Revenue And Fee Revenue (58.31%), Membership And Other Revenue (20.85%), Product and Service, Other (13.42%), and Membership (7.43%).

Hagerty Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 22Dec 21
Europe$1.37M$1.33M
UNITED STATES$29.92M$9.45M
CANADA$767.00K$301.00K

Hagerty's latest annual revenue breakdown by geography, as of Dec 22: UNITED STATES (93.34%), Europe (4.27%), and CANADA (2.39%).

Quarterly Revenue by Country

CountrySep 24Mar 24Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22
CANADA$8.11M$4.19M$7.54M$348.00K$164.00K$70.00K$227.00K$152.00K$318.00K
Europe$3.27M$1.94M$2.27M$1.02M$272.00K$253.00K$471.00K$374.00K$270.00K
UNITED STATES$146.31M$113.97M$125.97M$9.06M$13.53M$8.11M$11.74M$4.75M$5.31M

Hagerty's latest quarterly revenue breakdown by geography, as of Sep 24: UNITED STATES (92.78%), CANADA (5.14%), and Europe (2.07%).

Hagerty Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
KMPRKemper Corporation 5.875% Fixed$4.94B$1.18B
HMNHorace Mann Educators$1.49B$412.10M
UFCSUnited Fire Group$1.10B$301.17M
HGTYHagerty$1.01B$311.28M
DGICADonegal Group$927.34M$251.74M
GBLIGlobal Indemnity Group$528.13M$108.69M
NODKNI$365.69M$88.98M
SIGISelective Insurance Group$101.17M$1.24B

HGTY Revenue FAQ

What is Hagerty’s yearly revenue?

Hagerty's yearly revenue for 2023 was $1.01B, representing an increase of 21.97% compared to 2022. The company's yearly revenue for 2022 was $829.49M, representing an increase of 43.87% compared to 2021. HGTY's yearly revenue for 2021 was $576.54M, representing an increase of 15.41% compared to 2020.

What is Hagerty’s quarterly revenue?

Hagerty's quarterly revenue for Q2 2024 was $311.28M, a 17.21% increase from the previous quarter (Q1 2024), and a 19.96% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $265.57M, a 2.93% increase from the previous quarter (Q4 2023), and a 21.91% increase year-over-year (Q1 2023). HGTY's quarterly revenue for Q4 2023 was $258M, a -6.66% decrease from the previous quarter (Q3 2023), and a 28.34% increase year-over-year (Q4 2022).

What is Hagerty’s revenue growth rate?

Hagerty's revenue growth rate for the last 3 years (2021-2023) was 75.49%, and for the last 5 years (2019-2023) was 154.67%.

What are Hagerty’s revenue streams?

Hagerty's revenue streams in c 22 are Membership And Other Revenue, and Commission Revenue And Fee Revenue. Membership And Other Revenue generated $77.29M in revenue, accounting 20.10% of the company's total revenue, up 49.54% year-over-year. Commission Revenue And Fee Revenue generated $307.24M in revenue, accounting 79.90% of the company's total revenue, up 13.13% year-over-year.

What is Hagerty’s main source of revenue?

For the fiscal year ending Dec 22, the largest source of revenue of Hagerty was Commission Revenue And Fee Revenue. This segment made a revenue of $307.24M, representing 79.90% of the company's total revenue.