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Hagerty (HGTY) Revenue & Revenue Breakdown

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Hagerty Revenue Highlights

Latest Revenue (Y)

$1.20B

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
2024-12-31$1.20B18.61%
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 $1.20B in revenue during NA 2024, up 18.61% compared to the previous quarter, and up 302.07% 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 24Dec 22Dec 21
Commission Revenue And Fee Revenue$423.24M$307.24M$271.57M
Product and Service, Other$21.61M--
Marketplace Revenue$46.36M--
Membership And Other Revenue$133.47M$77.29M$51.68M
Membership$57.55M--

Hagerty's latest annual revenue breakdown by segment (product or service), as of Dec 24: Commission Revenue And Fee Revenue (62.04%), Membership And Other Revenue (19.56%), Membership (8.44%), Marketplace Revenue (6.80%), and Product and Service, Other (3.17%).

Quarterly Revenue by Product

Product/ServiceDec 24Sep 24Mar 24Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21
Commission Revenue And Fee Revenue$218.24M$116.16M$88.84M$103.17M$110.19M$74.61M$63.81M$85.46M$95.51M$62.46M$57.57M
Membership And Other Revenue$60.70M$41.53M$31.25M$32.62M$23.57M$26.51M$20.85M$23.81M$16.41M$16.22M$13.36M
Product and Service, Other-$26.73M$17.80M$18.78M-------
Membership$29.30M$14.80M$13.45M$13.84M-------

Hagerty's latest quarterly revenue breakdown by segment (product or service), as of Dec 24: Commission Revenue And Fee Revenue (70.80%), Membership And Other Revenue (19.69%), and Membership (9.50%).

Hagerty Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 24Dec 22Dec 21
CANADA$27.39M$767.00K$301.00K
UNITED STATES$511.80M$29.92M$9.45M
Europe$9.56M$1.37M$1.33M

Hagerty's latest annual revenue breakdown by geography, as of Dec 24: UNITED STATES (93.27%), CANADA (4.99%), and Europe (1.74%).

Quarterly Revenue by Country

CountryDec 24Sep 24Mar 24Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22
Europe$4.36M$3.27M$1.94M$2.27M$1.02M$272.00K$253.00K$471.00K$374.00K$270.00K
UNITED STATES$251.53M$146.31M$113.97M$125.97M$9.06M$13.53M$8.11M$11.74M$4.75M$5.31M
CANADA$15.09M$8.11M$4.19M$7.54M$348.00K$164.00K$70.00K$227.00K$152.00K$318.00K

Hagerty's latest quarterly revenue breakdown by geography, as of Dec 24: UNITED STATES (92.82%), CANADA (5.57%), and Europe (1.61%).

Hagerty Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
DGICADonegal Group$989.61B$251.74M
KMPRKemper$4.64B$1.18B
HMNHorace Mann Educators$1.60B$412.10M
UFCSUnited Fire Group$1.25B$301.17M
HGTYHagerty$1.20B$311.28M
GBLIGlobal Indemnity Group$441.19M$108.69M
SIGISelective Insurance Group$65.42M$1.24B
NODKNI$32.60M$88.98M

HGTY Revenue FAQ

What is Hagerty’s yearly revenue?

Hagerty's yearly revenue for 2024 was $1.2B, representing an increase of 18.61% compared to 2023. The company's yearly revenue for 2023 was $1.01B, representing an increase of 21.97% compared to 2022. HGTY's yearly revenue for 2022 was $829.49M, representing an increase of 43.87% compared to 2021.

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 (2022-2024) was 44.67%, and for the last 5 years (2020-2024) was 140.22%.

What are Hagerty’s revenue streams?

Hagerty's revenue streams in c 24 are Commission Revenue And Fee Revenue, Product and Service, Other, Marketplace Revenue, Membership And Other Revenue, and Membership. Commission Revenue And Fee Revenue generated $423.24M in revenue, accounting 62.04% of the company's total revenue, up 37.76% year-over-year. Product and Service, Other generated $21.61M in revenue, accounting 3.17% of the company's total revenue Marketplace Revenue generated $46.36M in revenue, accounting 6.80% of the company's total revenue Membership And Other Revenue generated $133.47M in revenue, accounting 19.56% of the company's total revenue, up 72.69% year-over-year. Membership generated $57.55M in revenue, accounting 8.44% of the company's total revenue

What is Hagerty’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Hagerty was Commission Revenue And Fee Revenue. This segment made a revenue of $423.24M, representing 62.04% of the company's total revenue.