Hagerty Stock Hits New Highs Driven by Premium Growth and Operational Strength

Key Facts

1Hagerty's written premiums grew by 19% during the first half of the year.

2Adjusted EBITDA rose 32% to $160 million.

3Management raised full-year guidance twice, signaling robust underlying business momentum.

Amid a resurgence in the specialty insurance sector, Hagerty (HGTY) is experiencing a technical breakout to new highs, underpinned by accelerating core operational metrics. According to reports, the company's written premiums grew by 19% during the first half of the year, while adjusted EBITDA rose 32% to reach $160 million. Management has raised its full-year guidance twice, signaling robust momentum in its underlying business despite GAAP accounting distortions stemming from its reinsurance model transition.

The company continues to benefit from its strategic partnership with Markel Corporation as it evolves its business model, evidenced by growth in policies in force. Per market data, MKL shares closed at $1,763.36 (close September 22, 2026), trading within a range of $1,746.45 to $1,780.54 during the session. These figures reflect a stable operating environment for strategic partners as Hagerty strengthens its market position in the classic car insurance niche.

HGTY stock stood at $13.55 (close September 22, 2026), after reaching a session high of $13.65. Traders are monitoring the sustainability of this technical breakout given the lack of immediate sector-specific catalysts in the upcoming calendar, focusing instead on the company's ability to meet its upgraded management targets. Immediate support is observed near the $13.27 level, representing the low from the most recent trading session.