Toronto, Ontario – Hagerty has announced a financial report for the 2024 full-year period, highlighting total revenue increases of 20 percent year-over-year to $1.2 billion.
According to the report, other highlights include:
- Full year 2024 written premium increased 15 percent year-over-year to $1.044 billion
- Added a record 279,000 new members
- Full year 2024 Adjusted EBITDA increased 41 percent year-over-year to $124.5 million
“2024 was another excellent year at Hagerty with 20 percent revenue growth fueled by a record 279,000 new members,” said McKeel Hagerty, chief executive officer and chairman of Hagerty. “These initiatives allowed us to translate revenue growth into even higher rates of profit growth, with net income up 178 percent and Adjusted EBITDA up 31 percent.”
In looking toward the rest of 2025, the financial report further anticipates:
- Written premium growth of 13 to 14 percent
- Total revenue growth of 12 to 13 percent
- Net income growth of 30 to 40 percent
- Adjusted EBITDA growth of 21 to 29 percent
To see the full report, click here.
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