Stock Analysis

Hagerty Full Year 2022 Earnings: Beats Expectations

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Hagerty (NYSE:HGTY) Full Year 2022 Results

Key Financial Results

  • Revenue: US$787.6m (up 27% from FY 2021).
  • Net income: US$32.1m (up from US$46.4m loss in FY 2021).
  • Profit margin: 4.1% (up from net loss in FY 2021).
  • EPS: US$0.39 (up from US$0.56 loss in FY 2021).
NYSE:HGTY Earnings and Revenue Growth March 16th 2023

All figures shown in the chart above are for the trailing 12 month (TTM) period

Hagerty Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 86%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Insurance industry in the US.

Performance of the American Insurance industry.

The company's shares are down 4.2% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Hagerty (at least 1 which shouldn't be ignored), and understanding them should be part of your investment process.

What are the risks and opportunities for Hagerty?

Hagerty, Inc. provides insurance agency services worldwide.

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  • Revenue is forecast to grow 15.8% per year

  • Became profitable this year


  • Earnings are forecast to decline by an average of 23.5% per year for the next 3 years

  • Large one-off items impacting financial results

View all Risks and Rewards

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