Hagerty Inc (HGTY) Financial

Hagerty, Inc. engages in the provision of automotive insurance services. The company is headquartered in Traverse City, Michigan and currently employs 1,891 full-time employees. The company went IPO on 2021-04-09. The company is engaged in providing insurance for collector cars and enthusiast vehicles, helping the automotive enthusiast community protect and enjoy their special cars. Through its insurance business, the Company acts as a Managing General Agent (MGA) by underwriting, selling, and servicing collector car and enthusiast vehicle insurance policies on behalf of its insurance carrier partners. In addition, the Company offers Hagerty Drivers Club (HDC) memberships, which are primarily bundled with its insurance policies and give subscribers access to an array of products and services, including emergency roadside assistance, Hagerty Drivers Club Magazine, automotive enthusiast events, its proprietary vehicle valuation tool, and special vehicle-related discounts. The firm provides insurance for approximately 2.8 million collector cars and enthusiast vehicles.