Hagerty, Inc. HGTY
Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Ask Irving AI About HGTY
Get to know the stock you’re researching through a simple conversation. Ask Irving about its Weiss rating, financial health, dividends, and potential risks — right from the stock page.
Get answers about this stock. Instantly.
Ask about the company’s financial health and its Weiss Safety, Reward, and Risk Ratings, with answers grounded in Weiss Ratings data.
Understand the numbers behind the rating.
Explore profits, cash flow, valuation, and dividends. Ask follow-up questions without leaving the stock page.
Put the stock’s strengths and risks in context.
Look beyond a single number. Explore rating changes and company trends to better understand the stock’s outlook.
Company Overview
Hagerty, Inc. is a U.S.-based specialty automotive lifestyle and insurance services company focused primarily on classic, collectible, enthusiast, and specialty vehicles. The company operates within the insurance, automotive membership, media, and vehicle auction industries, with its core business centered on underwriting and administering insurance products tailored for collector vehicle owners. Hagerty generates revenue through insurance program and commission income, membership services, automotive events, digital media, and vehicle marketplace activities.
The company’s primary business lines include collector vehicle insurance, roadside assistance and membership programs through the Hagerty Drivers Club, valuation tools and market data services, automotive media content, and enthusiast-focused vehicle auctions. Hagerty serves individual collectors, automotive enthusiasts, and high-net-worth consumers, while also maintaining relationships with insurance carriers and automotive partners. Founded in 1984 by Frank and Louise Hagerty in Michigan, the company originally specialized in wooden boat insurance before expanding into collector automobiles. Over time, Hagerty evolved into a broader automotive enthusiast platform combining insurance, media, events, and digital marketplace services, including its public listing through a merger with Aldel Financial in 2021.
Business Operations
Hagerty organizes its operations primarily around specialty vehicle insurance services and automotive enthusiast ecosystem businesses. Its largest revenue driver remains insurance distribution and program management, where the company earns commissions and fees through partnerships with underwriting carriers. The company works closely with insurers including Markel, among others, to provide agreed-value insurance policies designed specifically for collectible vehicles. Additional revenue streams come from subscriptions and memberships through Hagerty Drivers Club, event sponsorships, media advertising, and marketplace activities tied to enthusiast vehicle transactions.
The company operates predominantly in the United States but also maintains operations and customers in Canada, the United Kingdom, and select international markets. Hagerty controls proprietary valuation databases, enthusiast market analytics, digital content platforms, and customer membership infrastructure that support its ecosystem strategy. Key subsidiaries and operating brands include Broad Arrow Group, focused on collector car auctions and advisory services, and Marketplace by Hagerty, which facilitates enthusiast vehicle sales. Hagerty has also developed partnerships across automotive manufacturers, clubs, and event organizations to strengthen customer acquisition and brand engagement.
Strategic Position & Investments
Hagerty’s strategic direction has focused on becoming a vertically integrated automotive enthusiast platform rather than remaining solely an insurance intermediary. The company has invested in expanding its media capabilities, valuation intelligence, membership ecosystem, and vehicle transaction services to deepen customer engagement and diversify recurring revenue streams. Management has emphasized increasing lifetime customer value through cross-platform participation spanning insurance, events, content, and marketplace services.
A significant strategic investment was the acquisition and expansion of Broad Arrow Group, which strengthened Hagerty’s presence in the premium collector car auction market. The company has also invested in digital marketplace technologies, proprietary vehicle valuation tools, and enthusiast community platforms. Hagerty participates in emerging automotive sectors connected to collectible and enthusiast vehicles, including electric and modern collectible segments, though its primary focus remains the broader specialty vehicle ecosystem. The company has publicly stated that data analytics and member engagement are central to its long-term growth strategy.
Geographic Footprint
Hagerty is headquartered in Traverse City, Michigan, and maintains operations primarily across North America and parts of Europe. The company has a substantial market presence in the United States, which represents the majority of its revenue and customer base, while also operating in Canada and the United Kingdom through insurance and membership offerings tailored to regional enthusiast markets.
Internationally, Hagerty’s influence extends through partnerships, media distribution, collector vehicle events, and auction activities connected to the global enthusiast car market. Its valuation tools and market intelligence products are widely referenced within collector automotive communities beyond its direct operating jurisdictions. The company’s expansion strategy has generally prioritized markets with established collector vehicle ownership and mature specialty insurance demand.
Leadership & Governance
Hagerty remains closely associated with its founding family and enthusiast-oriented corporate identity. The company’s leadership has consistently emphasized preservation of automotive culture, customer community engagement, and long-term brand loyalty as core strategic principles. Public filings and investor communications describe a strategy centered on combining insurance economics with recurring membership engagement and automotive lifestyle services.
Key executives include:
- McKeel Hagerty – Chief Executive Officer and Chairman
- Robert I. Kauffman – Director and President
- Mary C. A. Campbell – Chief Financial Officer
- Jonathan Klinger – President, Hagerty Marketplace
- Dave Kinney – Senior Vice President, Hagerty Marketplace and Valuation Expert
- Rich Foster – Chief Operating Officer
The company’s governance structure includes a board composed of executives with backgrounds in insurance, finance, automotive retail, and investment management. Leadership communications in public filings and investor materials consistently emphasize disciplined growth, brand expansion within the enthusiast community, and diversification beyond traditional insurance operations.