Hagerty Investor Presentation Deck

RAISED $105M OF CAPITAL IN JUNE OF 2023 TO DRIVE GROWTH AND VALUE CREATION $80M of capital raised at Hagerty, Inc. to support strategic growth initiatives Strong sponsorship from existing strategic investors >> $50M from State Farm >> $15M from Markel Hagerty family investment of $15M Attractive opportunity to deploy capital to drive profitable growth and returns: >> Establish new products to offer differentiated solutions to car enthusiasts >> Support growing Marketplace business including Broad Arrow Capital's lending activity >> Working capital as Hagerty continues to pivot to sustainable profitability by creating a scalable platform for growth in Insurance and Membership >> >> Bolsters cash and liquidity ($264M as of September 30, 2023 with $91M in cash and cash equivalents and $173M available under credit facility) $25M of Tier 2 capital at Hagerty Re provided by State Farm Support growth in our quota share risk taking with Essentia Prepare to take direct risk as we evolve to become a more integrated insurance business Support our efforts to obtain a credit agency rating for Hagerty Re HAGERTY Q3 2023 | 17

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