Hagerty Investor Presentation Deck
TRANSPORT
YTD Q3 2023 HIGHLIGHTS
Total Revenue growth of 28%
Written Premium growth of 16%
Added over 200,000 new customers
Launched State Farm partnership in four states
» Received financial strength rating of A- (Excellent) from AM Best
Marketplace revenue of $25 million, growth of 210%
Significantly improved profitability
Net Income¹ of $19 million compared to $35 million
Adjusted EBITDA² of $78 million compared to $0 million
INCREASED 2023 OUTLOOK
Deliver sustained top-line momentum in 2023
with significantly improved profitability
IN THOUSANDS
Total Revenue³
Total Written Premium³
Net Income
Adjusted EBITDA²
REVISED OUTLOOK
$992,000-$1,00,000
$893,000-$901,000
$2,000-$12,000
$75,000-$85,000
PRIOR OUTLOOK
$968,000-$1,000,000
$878,000-$894,000
($12,000)-$8,000
$60,000-$80,000
¹ Net Income in the prior year period included a $35 million revaluation gain and a $38 million change in fair value of warrant liabilities.
2 See Appendix for additional information regarding this non-GAAP financial measure.
3 Total revenue growth of 26-27% and Total Written Premium growth of 15-16% expected in 2023.
HAGERTY Q3 2023 | 3View entire presentation