Hagerty (NYSE:HGTY) First Quarter 2025 Results

Key Financial Results

Revenue: US$319.6m (up 18% from 1Q 2024). Net income: US$6.50m (up from US$2.96m loss in 1Q 2024). Profit margin: 2.0% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. EPS: US$0.072 (up from US$0.035 loss in 1Q 2024).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

Hagerty Earnings Insights

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Insurance industry in the US.

Performance of the American Insurance industry.

The company's shares are up 11% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted  1 warning sign for Hagerty you should be aware of.

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