Hagerty Investor Presentation Deck
Millions
Commission + fee revenue¹
Membership, marketplace + other revenue
Earned premium in Hagerty Re
GROWTH 27%
$216
$85
$24
Q3
$107
Q3 2022
$276
$103
$33
Total Revenue
$140
Q3 2023
Growth
21%
37%
30%
$590
$243
GROWTH 28%
$56
REVENUE COMPONENTS
$291
YTD
$755
$288
$83
$384
YTD Q3 2022 YTD Q3 2023
Growth
18%
47%
32%
¹ Includes base commissions, payment plan fees and contingent underwriting commissions.
2 Currently applies to U.S. and U.K. programs. Generally described as an arrangement where underwriting risk and profit is shared proportionately.
YTD Q3 2023 Highlights
Commission + fee revenue (+18%)
>> Written premium growth of 16%
>> Policies in Force retention of 88%
Membership, marketplace + other revenue (+47%)
Membership revenue growth of 20%
Marketplace revenue growth of 210%
>> 80% of new insurance customers joined
Hagerty Drivers Club (HDC)
Earned premium in Hagerty Re (+32%)
>> Contractual quota share² increased to ~80% in 2023
HAGERTY Q3 2023 | 8View entire presentation