Hagerty Investor Presentation Deck
Millions
Total Revenue
Q1 2023
Commission + fee revenue¹
Membership, marketplace + other revenue
Earned premium in Hagerty Reinsurance
GROWTH 30%
$167
$62
$16
$89
Q1 2022
$218
$75
$26
REVENUE COMPONENTS
$117
Q1 2023
Growth
19%
63%
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.
Q1 2023 Highlights
Commission + fee revenue (+19%)
>> Written Premium growth 18%
>> Policies in Force retention of 87.9%
Membership, marketplace + other revenue (+63%)
Membership revenue growth of 22%
Marketplace delivered $7 million in revenue
»> 77% of new insurance customers join HDC
>>
Earned premium in Hagerty Reinsurance (+32%)
>> Contractual quota share² increased to ~80% in 2023
HAGERTY Q1 2023 | 8View entire presentation