HGTY

Hagerty, Inc. operates as a specialty insurance provider and membership organization focused on the automotive enthusiast market. Headquartered in Traverse City, Michigan, the company provides insurance products and services for enthusiast vehicles, including classic, collectible, and exotic cars, as well as trucks, motorcycles, boats, and related assets. Hagerty serves more than two million members worldwide and insures approximately 2.5 million vehicles across its portfolio. The company operates through two primary segments: its core insurance underwriting business and a growing membership and media platform that includes automotive lifestyle content, events, and marketplace services. Hagerty's insurance products are distributed through a network of approximately 10,000 independent agents and directly to consumers. The company went public in December 2021 through a merger with Aldel Financial Inc., a special purpose acquisition company, trading on the New York Stock Exchange under the ticker HGTY. Beyond insurance, Hagerty has expanded its ecosystem through strategic acquisitions, including the Hagerty Drivers Club membership program and automotive media properties like Hagerty Media. The company positions itself as the automotive enthusiast brand, leveraging data from its extensive policy base to provide valuation tools, market insights, and community engagement opportunities that differentiate it from traditional insurance carriers in the specialty vehicle segment.