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BICESTER, United Kingdom, Oct. 21, 2026 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), is excited to follow its record-setting Zoute Concours Auction with a return to the spectacular Dolder Grand for its second Zürich Auction, the official auction partner of the Auto Zürich motor show. 

The inaugural auction just steps from Lake Zürich achieved total sales of CHF 22 million with an impressive 87 percent sell-through rate, figures expected to be surpassed in 2026 thanks to a remarkable catalogue of collector cars. Cars on offer include such rarities as Nick Heidfeld’s 2023 BMW 3.0 CSL, a Mercedes-Benz SLR McLaren Stirling Moss and a Knight Industries Two Thousand (K.I.T.T.) promotional car that was owned by Michael Knight himself, David Hasselhoff. 

“We have curated one of the most exciting collector car catalogues of 2026, with a diverse selection of cars from all eras and genres tailored to a wide range of budgets,” says Paul Gaucher, Head of Consignments, Switzerland at Broad Arrow Auctions. “Iconic models such as the Audi Sport quattro will be offered, along with an example of the treasured Swiss Monteverdi marque and exclusive modern hypercars like the McLaren Senna and a Ferrari LaFerrari offered without reserve. Presenting these cars to collectors at the beautiful and historic Dolder Grand is going to make our Zürich Auction a fantastic way to cap off the auction year.”

Leading a trio of extremely collectable Mercedes-Benz SLR McLaren models in the auction is a 2009 Mercedes-Benz SLR McLaren Stirling Moss (Estimate: CHF 2’500’000 – CHF 3’000’000), one of only 75 produced. This tribute to the 1955 Mille Miglia victory of Sir Stirling Moss and Denis Jenkinson is finished in Crystal Laurit Silver Metallic with a striking black and red 300 SL Silver Arrow interior and shows only 13,410 kilometres at the time of cataloguing. Powered by the AMG 5.4-litre V8, it has been with its current owner since new and was piloted in three editions of the famous Mille Miglia, most recently in 2021. 

Rarer still is a 2008 Mercedes-Benz SLR McLaren Edition Roadster by McLaren Special Operations (Estimate: CHF 575’000 – CHF 675’000). Only 25 McLaren Edition cars were manufactured, and this is one of only six Roadsters, making it the rarest street-legal SLR variant. The third of the SLR trio is a 2005 Mercedes-Benz McLaren SLR Coupé (Estimate: CHF 250’000 – CHF 300’000), a fine example refinished in Arabian Grey with a Black and Anthracite leather interior.

K.I.T.T. needs very little introduction to fans of the famous television series, Knight Rider. Broad Arrow is proud to present to collectors, the 1982 Pontiac Firebird Trans Am Knight Rider Tour Car (Estimate: CHF 250’000 – CHF 500’000). Originally owned by David Hasselhoff’s Profile Promotions, this was his actual tour car and is an exact replica of the car used in the television series itself. Many have tried to emulate K.I.T.T. but this very special piece of motoring and television history matches the specification of the star car and is offered with an extensive archive of documentation and photography detailing its history with Michael Knight.

Another very exciting car with a famous owner, is a 2023 BMW 3.0 CSL (Estimate: CHF 900’000 – CHF 1’200’000) owned from new by Formula 1 driver, Nick Heidfeld. This stunning homage to the famous BMW 3.0 CSL that dominated touring car racing is one of only 50 created by BMW. Further to its exceptional link to Formula 1, it is offered with an extensive collection of bespoke delivery items, including a framed canvas sketch signed by BMW M Creative Director, Viktor Bar. Other desirable BMW models in the auction include a 1981 BMW M1 (Estimate: CHF 450’000 – CHF 500’000), and one of only ten examples of the 1991 BMW Z1 AC Schnitzer (Estimate: CHF 65’000 – CHF 92’500).

Supercars and hypercars are expected to attract intense international interest as demand continues to soar. A 2008 Gumpert Apollo Sport (Estimate: CHF 450’000 – CHF 650’000) is one of only 20 manufactured. Beneath its imposing composite body sits an MTM-tuned 4.2-litre Audi V8 reported to produce 710 horsepower. Equally enticing is a gated manual transmission, Giallo Orion yellow 2003 Lamborghini Murciélago (Estimate: CHF 370’000 – CHF 430’000) that was initially retained by Lamborghini as its press car and featured in many international publications. The pinnacle of modern era performance is well represented and includes two Ferraris, both offered without reserve; a 2015 Ferrari LaFerrari (Estimate: CHF 5’500’000 – CHF 7’500’000) in rare Bianco Fuji and a 2017 Ferrari F12tdf (Estimate: CHF 1’300’000 - CHF 1’500’000). A 2019 McLaren Senna (Estimate: CHF 1’100’000 – CHF 1’400’000) showing only 131 kilometres with highly desirable options is also expected to attract great interest.

For collectors of Swiss motoring history, one marque truly stands out, Monteverdi. The 1975 Monteverdi High Speed 375/4 (Estimate: CHF 185’000 – CHF 230’000) is one of only 30 to have been built. Part of the historically significant High Speed 375 range, this rare Swiss-built limousine is among the most coveted of Peter Monteverdi’s creations and was treated to a concours-level restoration between 2016-2020, following which it has appeared in a number of prestigious concours events.

De Tomaso collectors will be spoilt for choice at The Zürich Auction, with four stunning examples from the Italian automaker’s catalogue. This includes the last model to be built under the direction of company founder, Alejandro de Tomaso, the 1996 De Tomaso Guará Coupé (Estimate: CHF 70’000 - CHF 110’000). Only 21 were produced, each a production version of the 1991 Maserati Barchetta Stradale concept car. This example has featured in various classic motoring publications and is finished in its original specification of Porsche Blue Metallic over a Pelle Grigia grey interior. Other very collectable De Tomaso models include a 1969 Mangusta, a 1980 Deauville Series 2 and a roaring 1991 Pantera Si.

Another car that needs no introduction is one that perfectly linked performance road cars with the famous era of Group B rallying, a 1985 Audi Sport Quattro (Estimate: CHF 680’000 – CHF 780’000). Only 214 short wheelbase Quattros were produced and this example is finished in striking Tornadorot red over a Quartz/Graphit interior and has driven only 82,229 kilometres from new. Undeniably one of the greatest homologation specials of all time, this is a truly cherished example worthy of any collection.

Other highlights of the Zürich Auction catalogue include a beautifully handcrafted 1966 Riva Super Ariston, the perfect embodiment of La Dolce Vita and one of only 181 produced. This is a wonderfully cherished example of these extremely sought after boats crafted by the world-famous Sarnico yard. For those seeking something very different to enhance their collection, the 1987 Aston Martin Lagonda Series 3 Shooting Brake by Roos Engineering Ltd (Estimate: CHF 250’000 – CHF 350’000 | Offered without reserve) definitely fits the bill. This extraordinary conversion was completed in 2000 by the renowned Swiss Aston Martin specialist and is finished in elegant Antrim Blue over a classic Grey Connolly leather interior.

“We are very excited about our return to the Dolder Grand for our second Zürich Auction,” says Karsten Le Blanc, SVP, Head of EMEA Region at Broad Arrow Auctions. “The impressive selection of collector cars includes many with superb Swiss provenance that ensure additional appeal to local collectors. We can’t wait to welcome buyers and sellers to what will be an extremely memorable occasion.”

Additional information on Broad Arrow’s Zürich Auction is available at broadarrowauctions.com. Interested bidders are invited to contact a Broad Arrow Car Specialist via [email protected] or by calling +44-2045-920-16.

Further details and images available on request.

Media accreditation now open.

Ends.

Editor’s Notes

Photo Credit: All images Courtesy of Broad Arrow Auctions.

About Broad Arrow Auctions

Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), is a leading global collector car auction house founded in 2021 by industry veterans. As the fastest-growing auction house in its segment, Broad Arrow connects exceptional collector cars with enthusiasts worldwide through flagship events including The Broad Arrow Quail Auction (the official auction of The Quail by The Peninsula, A Motorsports Gathering), The Amelia Auction (the official auction of The Amelia Concours), The Porsche Auction in collaboration with Air | Water by Luftgekühlt, the Las Vegas Auction in partnership with Concours at Wynn Las Vegas, as well as international auctions held in partnership with Concorso d’Eleganza Villa d’Este, Zoute Grand Prix, and Auto Zürich. Learn more at broadarrowauctions.com and follow us on Instagram, Facebook, LinkedIn, and Twitter.

About Hagerty, Inc. (NYSE: HGTY)

Hagerty is a company built by drivers for drivers, protecting 2.8 million vehicles in the United States, Canada and the UK. We make it easier and more enjoyable for enthusiasts to drive and celebrate the machines they love through innovative insurance products, live and digital auctions, engaging media and events, as well as the Hagerty Drivers Club, the world’s largest community of car lovers. For more information, please visit www.hagerty.com or www.newsroom.hagerty.com. 

The Hagerty Automotive Intelligence team uses their collector car expertise to analyse Hagerty's massive trove of public auction results, private sales and insurance data, and buyer and seller behaviour. Learn more about how we collect our data at hagerty.com/valuation-tools. 

Forward-Looking Statements - This press release contains statements that constitute “forward-looking statements” within the meaning of the federal securities laws. All statements provided, other than statements of historical fact, are forward-looking statements, including those regarding Hagerty’s future operating results and financial position, Hagerty’s business strategy and plans, products, services, and technology implementations, market conditions, growth and trends, expansion plans and opportunities, and Hagerty’s objectives for future operations. The words “anticipate,” “believe,” “envision,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue,” “ongoing,” “contemplate,” and similar expressions, and the negative of these expressions, are intended to identify forward-looking statements.

Hagerty has based these forward-looking statements largely on current expectations about future events, which may not materialize. Actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. These factors include, among other things, Hagerty’s ability to: (i) compete effectively within our industry and attract and retain our insurance policyholders and paid Hagerty Drivers Club (“HDC”) subscribers; (ii) maintain key strategic relationships with our insurance distribution and underwriting carrier partners; (iii) prevent, monitor, and detect fraudulent activity; (iv) manage risks associated with disruptions, interruptions, outages or other issues with our technology platforms or our use of third-party services; (v) accelerate the adoption of our membership and marketplace products and services, as well as any new insurance programs and products we offer; (vi) manage the cyclical nature of the insurance business, including through any periods of recession, economic downturn or inflation; (vii) address unexpected increases in the frequency or severity of claims, and (viii) comply with the numerous laws and regulations applicable to our business, including state, federal and foreign laws relating to insurance and rate increases, privacy, the internet, and accounting matters.

The forward-looking statements herein represent the judgment of Hagerty as of the date of this release and Hagerty disclaims any intent or obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. This press release should be read in conjunction with the information included in Hagerty’s other press releases, reports and other filings with the Securities and Exchange Commission. Understanding the information contained in these filings is important in order to fully understand Hagerty’s reported financial results and its business outlook for future periods.

2009 Mercedes-Benz SLR McLaren Stirling Moss 1982 Pontiac Firebird Trans Am “Knight Rider” K.I.T.T. Tour Car

2009 Mercedes-Benz SLR McLaren Stirling Moss Credit - Courtesy of Broad Arrow Auctions 1982 Pontiac Firebird Trans Am “Knight Rider” K.I.T.T. Tour Car Credit - Courtesy of Broad Arrow Auctions

Hagerty, Inc. (NYSE:HGTY – Get Free Report)’s share price reached a new 52-week high during trading on Wednesday. The stock traded as high as $15.24 and last traded at $14.9870, with a volume of 572,624 shares changing hands. The stock had previously closed at $14.56.

Wall Street Analyst Weigh In A number of brokerages have weighed in on HGTY. Truist Financial boosted their target price on Hagerty from $11.00 to $13.00 and gave the stock a “hold” rating in a research report on Friday, August 7th. JPMorgan Chase & Co. raised their price target on shares of Hagerty from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. Zacks Research upgraded shares of Hagerty from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 13th. Keefe, Bruyette & Woods lifted their price target on shares of Hagerty from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 11th. Finally, Weiss Ratings raised shares of Hagerty from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $13.80.

Check Out Our Latest Report on HGTY

Hagerty Trading Up 2.8% The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $5.26 billion, a PE ratio of 170.01 and a beta of 0.83. The stock has a 50 day moving average price of $13.56 and a 200-day moving average price of $11.97. Hagerty (NYSE:HGTY – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.07. Hagerty had a return on equity of 5.15% and a net margin of 1.81%. The company had revenue of $354.82 million during the quarter, compared to analysts’ expectations of $316.21 million. Sell-side analysts expect that Hagerty, Inc. will post 0.01 earnings per share for the current year.

Insider Activity at Hagerty In other news, major shareholder Holding Corp. Hagerty sold 1,387,500 shares of the company’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $11.47, for a total transaction of $15,914,625.00. Following the completion of the sale, the insider owned 9,250,000 shares of the company’s stock, valued at $106,097,500. This represents a 13.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.70% of the stock is owned by insiders.

Institutional Trading of Hagerty Large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its position in Hagerty by 3.1% in the first quarter. Bank of New York Mellon Corp now owns 39,730 shares of the company’s stock worth $418,000 after acquiring an additional 1,209 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Hagerty by 107.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,072 shares of the company’s stock worth $32,000 after acquiring an additional 1,591 shares during the last quarter. Ancora Advisors LLC bought a new stake in shares of Hagerty during the 2nd quarter valued at $28,000. State of Alaska Department of Revenue bought a new stake in shares of Hagerty during the 3rd quarter valued at $55,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Hagerty in the 2nd quarter worth $63,000. 20.51% of the stock is currently owned by institutional investors.

About Hagerty (Get Free Report)

Hagerty, Inc (NYSE: HGTY) is an automotive enthusiast company focused on protecting, valuing and celebrating collectible vehicles. Its primary business is specialty insurance for classic, vintage, exotic and other enthusiast vehicles, supported by coverage options and services designed for vehicles that may be driven less frequently or require specialized valuation.

The company also provides vehicle valuation tools, automotive media and content, membership programs, events, and enthusiast experiences.

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Grosse Pointe, Michigan, Oct. 15, 2026 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), has revealed a 1997 Ferrari F50 showing an incredible 106 miles from new as the star lot for its upcoming Las Vegas Auction. Set for October 31 at Wynn Las Vegas, the single-day auction marks Broad Arrow’s second annual sale as the official auction partner of the Concours at Wynn Las Vegas, held against the iconic backdrop of the Las Vegas Strip. The sale will present more than 75 exceptional collector cars, including some of the market’s most sought-after supercars and hypercars.

“This is certainly the lowest mileage example of an end-of-an-era supercar,” says Alexander Weaver, Senior Car Specialist and Vice President at Broad Arrow Auctions. “While modern hypercars continue to push the boundaries of design and engineering technology, today’s younger collectors are also seeking a return to an analog driving experience, and we’ve seen the likes of Ferrari and McLaren tease new cars with the manual transmissions they’re after. The F50 offers the ultimate mechanical, unfiltered driving experience, powered by Formula 1-derived technology. And for serious collectors, this is as close as anyone can get today to taking delivery of a brand new F50.”

The time-capsule F50, chassis number 107165, is a late production example, the 334th of just 349 Ferrari F50s ever built. Delivered new via Maranello Sales Ltd of Egham, Surrey, as one of approximately 25 examples delivered new to the UK, the F50 is finished in its original Rosso Corsa over Nero leather with Rosso seat inserts and powered by a 4.7-liter, 513-horsepower V12 derived from Ferrari’s 1990 Formula 1 engine, mated to a six-speed gated manual transmission.

The car retains its factory removable hardtop and flight case, permitting both berlinetta and barchetta configurations, and is accompanied by an exceptional suite of factory accessories. These accessories include the J.P. Tod’s driving shoes, three-piece Schedoni luggage set with dust covers, tool kit, fuse, bulb, and belt kit, wheel socket, and car, seat, and steering wheel covers. Showing just 106 miles on the odometer, this is an unrepeatable F50. The F50 is estimated to bring in excess of $20,000,000 at the Las Vegas Auction.

Weaver adds, “As we’ve witnessed over the last twelve months, collector appetite for supercars of the ‘80s, ‘90s, 2000s, and today continues to climb. Since 2019, modern supercars’ share of auction sales has increased to 38 percent while hypercars’ share has grown to 32 percent. Hagerty’s Ferrari Supercars Index, which includes the F50, continues to far outperform the S&P 500, currently by more than 300 points. Broad Arrow is excited to bring exactly what collectors are looking for to the Las Vegas Auction, which is sure to be one of our most exciting sales to date.”

Additional information on all lots announced to date for Broad Arrow’s Las Vegas Auction is available at broadarrowauctions.com. Interested bidders for the October 31 sale are invited to contact a Broad Arrow Car Specialist via [email protected] or by calling +1-313-312-0780. Additional feature cars are still to be announced.

Media accreditation is currently open for the Las Vegas Auction. Members of the press on official editorial assignment, along with relevant content creators, are invited to reach out to the Broad Arrow Press Team at [email protected]. Additional high-res images and interviews with Broad Arrow Executives and Specialists are available upon request.

Editor’s Notes

Photo Captions/Credits: All images by Ted7/Courtesy of Broad Arrow Auctions.

About Broad Arrow Auctions 
Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), is a leading global collector car auction house founded in 2021 by industry veterans. As the fastest-growing auction house in its segment, Broad Arrow connects exceptional collector cars with enthusiasts worldwide through flagship events including The Broad Arrow Quail Auction (the official auction of The Quail by The Peninsula, A Motorsports Gathering), The Amelia Auction (the official auction of The Amelia Concours), The Porsche Auction in collaboration with Air | Water by Luftgekühlt, the Las Vegas Auction in partnership with Concours at Wynn Las Vegas, as well as international auctions held in partnership with Concorso d’Eleganza Villa d’Este, Zoute Grand Prix, and Auto Zürich.

Learn more at broadarrowauctions.com and follow us on Instagram, Facebook, LinkedIn, and Twitter.

About Hagerty, Inc. (NYSE: HGTY)  
Hagerty is a company built by drivers for drivers, protecting 2.8 million vehicles in the United States, Canada and the UK. We make it easier and more enjoyable for enthusiasts to drive and celebrate the machines they love through innovative insurance products, live and digital auctions, engaging media and events, as well as the Hagerty Drivers Club, the world’s largest community of car lovers.  

For more information, please visit www.hagerty.com or www.newsroom.hagerty.com.   

The Hagerty Automotive Intelligence team uses their collector car expertise to analyze Hagerty's massive trove of public auction results, private sales and insurance data, and buyer and seller behavior. Learn more about how we collect our data at hagerty.com/valuation-tools.

Forward-Looking Statements - This press release contains statements that constitute “forward-looking statements” within the meaning of the federal securities laws. All statements provided, other than statements of historical fact, are forward-looking statements, including those regarding Hagerty’s future operating results and financial position, Hagerty’s business strategy and plans, products, services, and technology implementations, market conditions, growth and trends, expansion plans and opportunities, and Hagerty’s objectives for future operations. The words “anticipate,” “believe,” “envision,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue,” “ongoing,” “contemplate,” and similar expressions, and the negative of these expressions, are intended to identify forward-looking statements.

Hagerty has based these forward-looking statements largely on current expectations about future events, which may not materialize. Actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. These factors include, among other things, Hagerty’s ability to: (i) compete effectively within our industry and attract and retain our insurance policyholders and paid Hagerty Drivers Club (“HDC”) subscribers; (ii) maintain key strategic relationships with our insurance distribution and underwriting carrier partners; (iii) prevent, monitor, and detect fraudulent activity; (iv) manage risks associated with disruptions, interruptions, outages or other issues with our technology platforms or our use of third-party services; (v) accelerate the adoption of our membership and marketplace products and services, as well as any new insurance programs and products we offer; (vi) manage the cyclical nature of the insurance business, including through any periods of recession, economic downturn or inflation; (vii) address unexpected increases in the frequency or severity of claims, and (viii) comply with the numerous laws and regulations applicable to our business, including state, federal and foreign laws relating to insurance and rate increases, privacy, the internet, and accounting matters.

The forward-looking statements herein represent the judgment of Hagerty as of the date of this release and Hagerty disclaims any intent or obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. This press release should be read in conjunction with the information included in Hagerty’s other press releases, reports and other filings with the Securities and Exchange Commission. Understanding the information contained in these filings is important in order to fully understand Hagerty’s reported financial results and its business outlook for future periods.

1997 Ferrari F50 set to headline Broad Arrow's 2026 Las Vegas Auction on October 31 at Wynn Las Vegas Rear angle view of the 1997 Ferrari F50 set to headline Broad Arrow's 2026 Las Vegas Auction on October 31 in partnership with the Concours at Wynn Las Vegas

1997 Ferrari F50 set to headline Broad Arrow's 2026 Las Vegas Auction on October 31 at Wynn Las Vega... Credit - Ted7/Courtesy of Broad Arrow Auctions Rear angle view of the 1997 Ferrari F50 set to headline Broad Arrow's 2026 Las Vegas Auction on Octo... Credit - Ted7/Courtesy of Broad Arrow Auctions

BICESTER, United Kingdom, Sept. 24, 2026 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), has curated a selection of seldom-seen cars with exceptional provenance and of significant interest for both its second annual Zoute Concours Auction, taking place on Friday 9 October 2026 and its Global Icons: Zoute Online auction, open for bidding from 5-14 October.

From sporting stars to royalty, reimagined icons to paddock heroes, these are cars that can be described as seriously cool and extremely collectable. They are expected to create intense interest among the international collector car community when they are offered at the prestigious Approach Golf in Knokke-Heist, Belgium in collaboration with Zoute Grand Prix Car Week, and via the latest edition of Broad Arrow’s Global Icons Online Auction series.

“Collector cars come in all shapes and sizes and from all eras,” says Philip Kantor, Vice Chairman of Europe and Senior Car Specialist at Broad Arrow Auctions. “Often it is the story behind a car that significantly enhances its desirability, and at the Zoute Concours Auction and Global Icons Online sale, we are proud to be presenting a selection of cars with remarkable provenance. Whether it is a unique prototype, a car owned by royalty or a car that has written its own chapter in motoring history, these are extremely desirable automobiles that we expect to inspire some exciting bidding for both buyers and sellers.”

2000 BMW M5 Volkswagen W10 Prototype ex-Ferdinand Piëch (Estimate: €250.000 - €350.000)

Ferdinand Piëch played such a key role in the global automotive industry that in 1999 he was named Car Executive of the Century. The grandson of Ferdinand Porsche, he led the Volkswagen Group for over two decades, pulling it back from the brink of bankruptcy in 1993, partly by instilling one of his big passions, engineering. At the turn of the Millenium, BMW ruled the performance sedan class with its mighty E39 M5 and Piëch decided to explore a Volkswagen rival. To do this he looked to the VR-engine, already familiar in the VR6 but he expanded it to become the W10, a 5.0-litre powerhouse delivering 473 horsepower and 592 Nm of torque. 

Then he put the engine into this BMW M5, an incredibly unique prototype featuring an engine that would go on to form the basis, not of a performance sedan, but the W16 that would power the Bugatti Veyron. Boasting 79 horsepower more power than a factory-built M5, Piëch used this prototype as his personal car during testing, further bestowing it with exceptional provenance. Only three W10 engines were ever created, one of which remains in Germany, a second is presented in standalone form as part of this unique lot and the remaining example sits beneath the bonnet of this one-of-a-kind M5. Developed in secrecy at the time, it is believed the costs of the project reached €2.000.000 before it was shelved, but not only did this car, finished in Carbon Black Metallic with a black leather interior, survive, it is now presented as an opportunity to own an experimental prototype that tells a remarkable story of engineering innovation, performance and rivalry.

1955 Mercedes-Benz 300 SL Gullwing Coupé (Estimate: €1.700.000 - €2.000.000)

Only 1,400 Mercedes 300 SL Gullwing Coupés were produced, each extremely collectable in its own right. Occasionally one comes along that is in such remarkable original condition and with such exceptional documentation, that its story is elevated beyond the status of all others. The car offered at Broad Arrow’s Zoute Concours Auction is such an example, delivered new through the official Swiss importer with its earliest recorded owner being Hans Huwyler, owner of the Touring Garage in Lenzburg.

Elegantly finished in medium green with plaid seat inserts, this matching-numbers example is offered with comprehensive history, including two original logbooks documenting the car’s mileage dating back to 1968. Owned by the Huwyler family for nearly half a century, the car lived in Switzerland and California, but since 2006 has been part of the collection of renowned Mercedes-Benz 300 SL expert, Ben Valkenburg, who exported it to Belgium.

Beyond the desirable ‘NSL’ camshafts that added 10 horsepower and Rudge wheels, Huwyler’s position as a Mercedes-Benz dealer and technician enabled him to add other rare Swiss options to the car, including a dual-point distributor and a radiator that features a special shroud for cold starts, perfect for Alpine conditions. A multiple class winner, including at the ADAC Nürburgring Classic, this is one of the very best preserved and unrestored examples of the 300 SL anywhere in the world.

1974 Mercedes-Benz O 317 Porsche Renntransporter Tribute (Estimate: €500.000 - €700.000)

In the history of motorsport, one of the most famous vehicles of all is not a race car, but the Porsche Renntransporter, used to shuttle its factory race cars to circuits around Europe. In the 1960s, Porsche had to turn to Mercedes-Benz for a solution and found it in the O 317, which was supplied as a rolling chassis to coachbuilders. Porsche commissioned three, each of which would go on to sport some of the most iconic motorsport liveries of all time, including the Porsche System Engineering maroon and silver.

Only two original Renntransporters remain. This wonderful tribute is based on a genuine O 317 chassis and was restored at the request of a racing driver who wanted a period-correct transporter for their 1965 Porsche 911 race car. It features new aluminium panels, a refreshed interior and its OM 346.911 straight-six, 10.8-litre diesel engine has been extensively rebuilt. This tribute to the famous Porsche Renntransporter is offered as part of Broad Arrow’s Global Icons: Zoute Online 2026 auction and presents a remarkable opportunity for any collector or historic racer to own an evocative and highly functional emblem of motorsport history.

Provenance also extends to a selection of collector cars owned by sporting stars and royalty, including the late Queen Elizabeth II. Her Majesty’s 2016 Bentley Mulsanne Extended Wheelbase (Estimate: €400.000 - €450.000), offered in Global Icons: Zoute Online, was prepared by Bentley’s Press and Special Vehicles Department and features a bespoke Twine and Cumbrian Green leather interior and essential rear privacy curtains. One of two produced, the other having been returned to Bentley’s Heritage Department, this piece of royal history has been honoured with the Bentley Drivers Club Trophy at the Hampton Court Concours of Elegance and presents largely as it did during its time in royal service. Another regal car set for the Zoute Concours Auction is the 1951 Cadillac Series 62 Convertible (Estimate: €40.000 - €70.000) owned by King Baudouin of Belgium. Offered without reserve, it is magnificently presented in Black over tan and has been cared for by the same family since 1976.

When it comes to tennis royalty, Pete Sampras thoroughly deserved his crown, and his 2000 BMW Z8 (Estimate: €250.000 - €350.000). One of only 667 black-on-black Z8s produced, this US-specification model was owned by the seven-time Wimbledon champion from new until 2015 when it was imported and registered in Europe by a subsequent owner. Since then, it has been driven only 200 kilometres and today shows a mileage of just 3,933 miles (6,329 kilometres).

Other cool cars that will be offered for sale at the Zoute Concours Auction include two superbly reimagined examples of Lancia history. The first is a 1976 Lancia Kimera EVO037 (Estimate: €950.000 - €1.150.000), one of only 27 produced. Finished in Kimera Luci del Bosco, the same shade of brown used on the Lamborghini Miura, chassis no. 018 was completed early in 2025 and its 2.1-litre, four-cylinder engine propels it to 100 km/h in only three seconds with a top speed of 310 km/h. It is a compelling tribute to rallying’s golden age, as is a 1991 Lancia Delta Integrale Futurista by Automobili Amos (Estimate: €325.000 - €425.000). One of only 20 produced, its aluminium and carbon fibre exterior is finished in Blu Lord and with only 1,700 kilometres driven since its reimagining, its Alcantara Anthracite interior is in immaculate condition. So too, is its 2.0-litre, 16-valve, turbocharged engine, ready to showcase its 296 horsepower to a discerning new owner.

Less powerful but equally endearing is a 1957 Fiat 1100 TV Coupé Printemps by Vignale (Estimate: €160.000 - €175.000). This exceptionally rare coupé was styled by the great Giovanni Michelotti with coachwork by Carrozzeria Vignale. Prior to its presentation at the 2006 Concorso d’Eleganza Villa d’Este, it was subject to a comprehensive restoration and with its striking two-tone ivory and dark blue paintwork over a dark blue interior, is a superb example of Italy’s postwar coachbuilding renaissance. Another Fiat with wide appeal is a 1979 Fiat 238 E Panorama Bus (Estimate: €15.000 - €20.000 | Offered without reserve). Featuring in the Global Icons: Zoute Online auction, this rare example of Fiat’s nine-passenger minibus was extensively restored in 2014 and is presented in matching Beige Camoscio over a Camoscio interior. A wonderful opportunity to acquire a rarely seen vintage touring bus.

Alternatively, if you prefer to tour in elegant French style then a 1966 Citroën DS 21 Cabriolet Palm Beach by Chapron (Estimate: €180.000 - €220.000) presents the ideal opportunity. Henri Chapron not only produced the celebrated Décapotable, but the famous coachbuilder also created a number of highly exclusive models, including this fully restored example which is perfectly suited for summer drives or prestigious concours events.

Capable of touring both on and off-road is a 1979 Land Rover Range Rover (Estimate: €85.000 - €105.000 | Offered without reserve), three-door Suffix F that was delivered new to France. Since a meticulous ground-up restoration in 2015, this superb example in Bahama Gold has been driven only 1,215 kilometres and is presented with a British Motor Industry Heritage Trust Certificate.

“Our first Zoute Concours Auction was a great success in 2025 and the selection of cars for our second visit to Zoute Grand Prix Week is perhaps even more exciting,” says Gregory Tuytens, Head of Consignments, Belgium and The Netherlands at Broad Arrow Auctions. “We are looking forward to welcoming both buyers and sellers to Knokke-Heist to share in what will be a wonderful atmosphere with some truly exceptional cars you won’t find anywhere else.”

Additional information on Broad Arrow’s Zoute Concours Auction and Global Icons: Zoute Online auction is available at broadarrowauctions.com. The complete digital catalogue for The Zoute Concours Auction is now available here. Interested bidders are invited to contact a Broad Arrow Car Specialist via [email protected] or by calling +44-2045-920-16.

Further details and images available on request.

Media accreditation now open.

Ends.

Editor’s Notes

Photo Credit: All images Courtesy of Broad Arrow Auctions.

About Broad Arrow Auctions

Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), is a leading global collector car auction house founded in 2021 by industry veterans. As the fastest-growing auction house in its segment, Broad Arrow connects exceptional collector cars with enthusiasts worldwide through flagship events including The Broad Arrow Quail Auction (the official auction of The Quail by The Peninsula, A Motorsports Gathering), The Amelia Auction (the official auction of The Amelia Concours), The Porsche Auction in collaboration with Air | Water by Luftgekühlt, the Las Vegas Auction in partnership with Concours at Wynn Las Vegas, as well as international auctions held in partnership with Concorso d’Eleganza Villa d’Este, Zoute Grand Prix, and Auto Zürich.

Learn more at broadarrowauctions.com and follow us on Instagram, Facebook, LinkedIn, and Twitter. 

About Hagerty, Inc. (NYSE: HGTY)

Hagerty is a company built by drivers for drivers, protecting 2.8 million vehicles in the United States, Canada and the UK. We make it easier and more enjoyable for enthusiasts to drive and celebrate the machines they love through innovative insurance products, live and digital auctions, engaging media and events, as well as the Hagerty Drivers Club, the world’s largest community of car lovers. For more information, please visit www.hagerty.com or www.newsroom.hagerty.com.

The Hagerty Automotive Intelligence team uses their collector car expertise to analyse Hagerty's massive trove of public auction results, private sales and insurance data, and buyer and seller behaviour. Learn more about how we collect our data at hagerty.com/valuation-tools. 

Forward-Looking Statements - This press release contains statements that constitute “forward-looking statements” within the meaning of the federal securities laws. All statements provided, other than statements of historical fact, are forward-looking statements, including those regarding Hagerty’s future operating results and financial position, Hagerty’s business strategy and plans, products, services, and technology implementations, market conditions, growth and trends, expansion plans and opportunities, and Hagerty’s objectives for future operations. The words “anticipate,” “believe,” “envision,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue,” “ongoing,” “contemplate,” and similar expressions, and the negative of these expressions, are intended to identify forward-looking statements.

Hagerty has based these forward-looking statements largely on current expectations about future events, which may not materialize. Actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. These factors include, among other things, Hagerty’s ability to: (i) compete effectively within our industry and attract and retain our insurance policyholders and paid Hagerty Drivers Club (“HDC”) subscribers; (ii) maintain key strategic relationships with our insurance distribution and underwriting carrier partners; (iii) prevent, monitor, and detect fraudulent activity; (iv) manage risks associated with disruptions, interruptions, outages or other issues with our technology platforms or our use of third-party services; (v) accelerate the adoption of our membership and marketplace products and services, as well as any new insurance programs and products we offer; (vi) manage the cyclical nature of the insurance business, including through any periods of recession, economic downturn or inflation; (vii) address unexpected increases in the frequency or severity of claims, and (viii) comply with the numerous laws and regulations applicable to our business, including state, federal and foreign laws relating to insurance and rate increases, privacy, the internet, and accounting matters.

The forward-looking statements herein represent the judgment of Hagerty as of the date of this release and Hagerty disclaims any intent or obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. This press release should be read in conjunction with the information included in Hagerty’s other press releases, reports and other filings with the Securities and Exchange Commission. Understanding the information contained in these filings is important in order to fully understand Hagerty’s reported financial results and its business outlook for future periods.

Singular 2000 BMW M5 Volkswagen W10 Prototype ex-Ferdinand Piëch offered at Broad Arrow's Zoute Concours Auction in Belgium on October 9 2016 Bentley Mulsanne Extended Wheelbase ex-Her Majesty Queen Elizabeth II offered in Broad Arrow's Global Icons: Zoute Online Auction.

Grosse Pointe, Michigan, Sept. 23, 2026 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), is delighted to release the complete digital catalog for its upcoming inaugural Audrain Auction. The sale is set for October 2 at the International Tennis Hall of Fame in Newport, Rhode Island, and marks Broad Arrow’s first year as the official auction partner of the Audrain Newport Concours & Motor Week and debut auction in The Northeastern United States. 

Established in 2019, the Audrain Newport Concours & Motor Week is a multi-day celebration of the automobile, uniting enthusiasts from around the world. Newport in the fall offers an idyllic setting, steeped in rich automotive and racing history, making it a natural destination for a premier Concours event, alongside Broad Arrow’s exciting catalog offering for enthusiasts.

“We’re both excited and honored to bring the Broad Arrow experience to the Audrain Concours,” says Jakob Greisen, Senior Car Specialist for Broad Arrow Auctions. “Our curated catalog celebrates bold high watermarks of both American and European engineering through nearly the entire history of the automobile, offering something for every collector alongside a fantastic weekend in Newport.”

The Audrain Auction will present 65 diverse lots this October, with 75 percent of all cars offered without reserve. Highlights from more than a century of automotive history within Broad Arrow’s Audrain catalog include:

Brass Era

The Brass Era is represented at Broad Arrow’s Audrain Auction by the definitive American performance car of the time, a 1914 Stutz 4E Bearcat (Estimate: $1,750,000 - $2,000,000). The road-going version of “The Car That Made Good in a Day” at the 1911 Indianapolis 500, the Bearcat was essentially the stripped back race car offered to the public. Two bucket seats, a bolster fuel tank, and a monocle windscreen clamped to the steering column made up the whole of the bodywork, with no doors, no running boards, and no weather equipment of any kind so that buyers could enjoy “the proven mechanical perfection of the Stutz.”

Chassis number 2250, offered at the Audrain Auction, is among the rare pre-1915 Bearcats whose history can be followed continuously from the day it left Indianapolis. The list of names and accolades attached to the car is without compare, counting Winthrop Rockefeller, William F. Harrah, James A. Conant, and Richard Losee among them. This AACA National First Place-winning Bearcat is among the most recognizable American cars of any era, and more than a century after production ceased, with genuine examples scarce and documented ones scarcer still, chassis 2250's unbroken chain of ownership places it in a category of its own.

Classic Era

Entering the Classic Era, it’s the 1930 Cadillac V-16 Series 452 All-Weather Phaeton by Fleetwood (Estimate: $225,000 - $275,000) that stands out. Cadillac’s audacious 452-cubic-inch overhead-valve V-16 engine produced 175 horsepower in near silence, its concealed wiring and polished castings dressed by Harley Earl’s Art and Colour Section. This exceptional early, East Coast-delivered V-16 boasts long-known ownership history and is strikingly presented in two-tone pale green lacquer and black over a brown Bedford cord interior. This handsome Fleetwood All-Weather Phaeton promises to delight its next caretaker on future CARavan tours and other classic motoring events.

Post-War European Sports and GT

The Post-War era brought some of the greatest automotive icons in history, including the unmistakable silhouette of the Mercedes-Benz 300 SL. Offered in both Gullwing and Roadster configuration at Broad Arrow’s Audrain Auction, the 300 SL remains a compelling, usable acquisition for any serious collector. The matching-numbers 1956 Mercedes-Benz 300 SL Gullwing Coupe (Estimate: $1,600,000 - $1,800,000) on offer is presented in striking Black over Black leather with Blue plaid cloth seat inserts and benefits from more than $100,000 in 2025 mechanical restoration by Mercedes-Benz Classic Center USA. The matching-numbers 1957 Mercedes-Benz 300 SL Roadster (Estimate: $1,150,000 - $1,350,000) on offer is a U.S.-market example also finished in Black over Black leather and accompanied by a silver-painted hardtop and reproduction fitted luggage, along with a documented ownership chain through the Gull Wing Group Register. Both cars offer exciting opportunities for their next caretakers as highly eligible entrants for the most exclusive driving events worldwide.

Additional featured cars of the Post-War Era include a 1967 Bizzarrini GT America 2+2 Prototype (Estimate: $400,000 - $500,000). This one-off prototype exhibited at the 1968 Turin Motor Show represents the evolution of the GT America, conceived to accommodate rear passengers while preserving its grand touring character. Finished in Champagne Metallic over Brown leather and powered by a 355-horsepower 327-cbic-inch 5.4-liter Corvette V8, this unique car is a rare surviving expression of Giotto Bizzarrini’s uncompromising engineering vision and is now offered for public sale for the first time.

Modern Performance

Highlights from the modern era of sought-after collectible cars include some of the finest offerings from top European marques, each boasting competition-inspired performance. The group is led by a 2009 Ferrari 430 Scuderia (Estimate: $500,000 - $650,000), a road-legal driver’s car with genuine circuit capability, developed with extensive testing and input from seven-time Formula One World Champion Michael Schumacher. Finished in its striking factory livery of Bianco Avus with Nero Scuderia stripes over a Tessuto interior, this well-documented example benefits from a recent major service performed by Ferrari of New England and stands as an investment-grade collectible for years to come.

Additional modern collectibles on offer include a 2011 Mercedes-Benz SLS AMG Coupe (Estimate: $425,000 - $475,000), a well-optioned, low-mileage, U.S.-market example finished in optional design Alanite Grey Magno matte paint over a design Exclusive Classic Red leather interior. As the spiritual successor to the legendary 300 SL Gullwing, the SLS combines its iconic design with contemporary AMG performance. Rounding out the group is a 2008 Alfa Romeo 8C Competizione (Estimate: $350,000 - $425,000), one of only 84 Alfa 8C Competizione coupes produced for the U.S. market from a limited run of 500 examples worldwide. Desirably finished in Rosso Competizione over a Tan Les Rives woven full-grain leather interior, this exclusive, well-optioned grand tourer is offered from single private ownership since 2011 and will just 904 miles at cataloging.

The complete digital catalog for Broad Arrow’s inaugural Audrain Auction is now available at broadarrowauctions.com. Event details and history files on all cars are also found on Broad Arrow’s website. Collectors interested in registering to bid are invited to speak with a Broad Arrow car specialist via broadarrowauctions.com or by contacting [email protected] or +1 313-312-0780.

Members of the media on official editorial assignment along with relevant content creators interested in applying for press credentials for Broad Arrow’s Audrain Auction and preview are invited to reach out to [email protected].

Editor’s Notes

Photo Credit: All images Courtesy of Broad Arrow Auctions. 

About Broad Arrow Auctions

Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), is a leading global collector car auction house founded in 2021 by industry veterans. As the fastest-growing auction house in its segment, Broad Arrow connects exceptional collector cars with enthusiasts worldwide through flagship events including The Broad Arrow Quail Auction (the official auction of The Quail by The Peninsula, A Motorsports Gathering), The Amelia Auction (the official auction of The Amelia Concours), The Porsche Auction in collaboration with Air | Water by Luftgekühlt, the Las Vegas Auction in partnership with Concours at Wynn Las Vegas, as well as international auctions held in partnership with Concorso d’Eleganza Villa d’Este, Zoute Grand Prix, and Auto Zürich.

Learn more at broadarrowauctions.com and follow us on Instagram, Facebook, LinkedIn, and Twitter.

About Hagerty, Inc. (NYSE: HGTY) 

Hagerty is a company built by drivers for drivers, protecting 2.8 million vehicles in the United States, Canada and the UK. We make it easier and more enjoyable for enthusiasts to drive and celebrate the machines they love through innovative insurance products, live and digital auctions, engaging media and events, as well as the Hagerty Drivers Club, the world’s largest community of car lovers. For more information, please visit www.hagerty.com or www.newsroom.hagerty.com.

Forward-Looking Statements - This press release contains statements that constitute “forward-looking statements” within the meaning of the federal securities laws. All statements provided, other than statements of historical fact, are forward-looking statements, including those regarding Hagerty’s future operating results and financial position, Hagerty’s business strategy and plans, products, services, and technology implementations, market conditions, growth and trends, expansion plans and opportunities, and Hagerty’s objectives for future operations. The words “anticipate,” “believe,” “envision,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue,” “ongoing,” “contemplate,” and similar expressions, and the negative of these expressions, are intended to identify forward-looking statements.

Hagerty has based these forward-looking statements largely on current expectations about future events, which may not materialize. Actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. These factors include, among other things, Hagerty’s ability to: (i) compete effectively within our industry and attract and retain our insurance policyholders and paid Hagerty Drivers Club (“HDC”) subscribers; (ii) maintain key strategic relationships with our insurance distribution and underwriting carrier partners; (iii) prevent, monitor, and detect fraudulent activity; (iv) manage risks associated with disruptions, interruptions, outages or other issues with our technology platforms or our use of third-party services; (v) accelerate the adoption of our membership and marketplace products and services, as well as any new insurance programs and products we offer; (vi) manage the cyclical nature of the insurance business, including through any periods of recession, economic downturn or inflation; (vii) address unexpected increases in the frequency or severity of claims, and (viii) comply with the numerous laws and regulations applicable to our business, including state, federal and foreign laws relating to insurance and rate increases, privacy, the internet, and accounting matters.

The forward-looking statements herein represent the judgment of Hagerty as of the date of this release and Hagerty disclaims any intent or obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. This press release should be read in conjunction with the information included in Hagerty’s other press releases, reports and other filings with the Securities and Exchange Commission. Understanding the information contained in these filings is important in order to fully understand Hagerty’s reported financial results and its business outlook for future periods.

1914 Stutz 4E Bearcat offered at Broad Arrow's inaugural Audrain Auction on October 2. 2009 Ferrari 430 Scuderia offered at Broad Arrow's inaugural sale as the official auction partner of the Audrain Newport Concours & Motor Week

1914 Stutz 4E Bearcat offered at Broad Arrow's inaugural Audrain Auction on October 2. Credit - Tom Nisco/Courtesy of Broad Arrow Auctions 2009 Ferrari 430 Scuderia offered at Broad Arrow's inaugural sale as the official auction partner of... Credit - Josh Sweeney/Courtesy of Broad Arrow Auctions

, /PRNewswire/ -- RADwood, driven by Hagerty and presented by Goodyear, returns to the San Francisco Bay Area on Saturday, October 24, for its most engaging event yet. The automotive festival known for celebrating the cars and culture of the '80s and '90s will stage the brand's first free-to-attend evening event and feature iconic cars at full-throttle in its latest, enthusiast-focused format.

All the details car enthusiasts need to get totally rad:

Reliving Rad - The OG Celebration of ‘80s and ‘90s Cars and Culture is Back! RADwood NorCal Returns on October 24th What: New free-to-attend RADwood format featuring Wheels in Motion, a full-throttle demonstration set against the backdrop of the San Francisco skyline When: Saturday, October 24, 2026; 4 p.m. to 8 p.m. Where: Gold Bar Hangar, Alameda, CA Tickets: Free attendance with registration – a $25 value! "RADwood exists because driving enthusiasts crave real experiences and community," said Hagerty CMO Marc Burns. "For 2026, we cranked it up! We added iconic cars running at full-throttle, a new evening format and then made it free to attend. It's everything you love about the '80s and '90s, minus the dial-up."

Presented by Goodyear, the show will feature hundreds of period-correct cars, trucks and motorcycles onsite at Gold Bar Hangar at historic Alameda Point. Wheels in Motion, a driving exhibition including the era's most significant rides performing flybys at full-throttle, will present a rare opportunity to see and hear some of the greatest cars at redline. Pioneer will provide period tunes as official sound partner of RADwood NorCal.

Featured vehicle classes include Kei Cars, Tuners, Movie Cars and Mustang vs. Camaro. Additionally, for the first time, RADwood expands into Y2K with the introduction of a new class, 'Millenia,' spotlighting iconic cars from 2000–2010. Rounding out the entertainment and hospitality are popular Bay Area food trucks and RADwood's signature Raddest Dressed contest, where attendees are judged on their period-correct attire.

Celebrity guest appearances and enthusiast-focused content are expected to be announced in the coming weeks.

The show runs from 4:00 to 8:00 p.m., with early entry for Hagerty Drivers Club members at 3:00 p.m. Admission is free, with all attendees asked to reserve a ticket in advance. Show car owners and entrants are invited to register their vehicle on the RADwood website.

About RADwood
RADwood is the OG celebration of '80s and '90s cars and culture, blending period correct dress with automotive awesomeness. Originally a nationwide event for cars, trucks and bikes from 1980-1999, RADwood now welcomes cars from the Y2K era in its Millenia class. Driving enthusiasts can find RADwood at The Amelia Concours, The Greenwich Concours, Motorlux and more where they can capture the essence of a bodacious era.

About Hagerty (NYSE: HGTY)
Hagerty is a company built by drivers for drivers, protecting 3 million vehicles in the United States, Canada and the UK. We make it easier and more enjoyable for car enthusiasts to drive and celebrate the machines they love through innovative vehicle insurance products, live and digital auctions, engaging media and events and the Hagerty Drivers Club, the world's largest membership community of car lovers. For more information, please visit www.hagerty.com or www.newsroom.hagerty.com. Never Stop Driving®.

SOURCE Hagerty

Broad Arrow announces an eminently usable, U.S.-delivery, Classiche-certified 2003 Ferrari Enzo to headline its 2026 Las Vegas Auction on October 31 | Broad Arrow's second annual Las Vegas Auction returns to Wynn Las Vegas in partnership with the fifth annual Concours at Wynn Las Vegas | Las Vegas Auction to feature approximately 70 exceptional collector cars spanning a variety of genres, marques, and price points, including a 1955 Mercedes-Benz 300 SL Gullwing Coupe | Additional information on early highlights and consignment opportunities available at broadarrowauctions.com Broad Arrow announces an eminently usable, U.S.-delivery, Classiche-certified 2003 Ferrari Enzo to headline its 2026 Las Vegas Auction on October 31 | Broad Arrow's second annual Las Vegas Auction returns to Wynn Las Vegas in partnership with the fifth annual Concours at Wynn Las Vegas | Las Vegas Auction to feature approximately 70 exceptional collector cars spanning a variety of genres, marques, and price points, including a 1955 Mercedes-Benz 300 SL Gullwing Coupe | Additional information on early highlights and consignment opportunities available at broadarrowauctions.com

Hagerty, Inc. (NYSE:HGTY – Get Free Report) major shareholder Holding Corp. Hagerty sold 1,387,500 shares of the stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $11.47, for a total transaction of $15,914,625.00. Following the sale, the insider directly owned 9,250,000 shares of the company’s stock, valued at $106,097,500. This represents a 13.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Holding Corp. Hagerty also recently made the following trade(s):

On Wednesday, September 9th, Holding Corp. Hagerty sold 9,250,000 shares of Hagerty stock. The stock was sold at an average price of $11.47, for a total transaction of $106,097,500.00. Hagerty Stock Up 0.3% Shares of NYSE HGTY opened at $13.53 on Friday. The company’s 50 day moving average price is $12.63 and its 200-day moving average price is $11.40. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.53 and a current ratio of 1.53. Hagerty, Inc. has a 52-week low of $9.36 and a 52-week high of $14.00. The company has a market capitalization of $4.65 billion, a P/E ratio of 150.32 and a beta of 0.81.

Hagerty (NYSE:HGTY – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.07. Hagerty had a net margin of 1.81% and a return on equity of 5.15%. The company had revenue of $354.82 million during the quarter, compared to analysts’ expectations of $316.21 million. Equities analysts forecast that Hagerty, Inc. will post 0.01 earnings per share for the current year. Hedge Funds Weigh In On Hagerty Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Hagerty by 32.3% in the third quarter. Vanguard Group Inc. now owns 3,456,174 shares of the company’s stock valued at $41,612,000 after acquiring an additional 843,433 shares during the period. California State Teachers Retirement System raised its position in shares of Hagerty by 1,850.5% during the second quarter. California State Teachers Retirement System now owns 651,571 shares of the company’s stock worth $7,767,000 after purchasing an additional 618,165 shares during the period. Polar Capital Holdings Plc lifted its holdings in shares of Hagerty by 9.4% in the 3rd quarter. Polar Capital Holdings Plc now owns 5,817,416 shares of the company’s stock worth $70,042,000 after purchasing an additional 498,389 shares in the last quarter. Woodline Partners LP bought a new position in shares of Hagerty in the 3rd quarter worth $3,339,000. Finally, Neuberger Berman Group LLC lifted its holdings in shares of Hagerty by 2.8% in the 4th quarter. Neuberger Berman Group LLC now owns 8,269,620 shares of the company’s stock worth $111,144,000 after purchasing an additional 221,834 shares in the last quarter. Institutional investors and hedge funds own 20.51% of the company’s stock.

Analysts Set New Price Targets Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Hagerty from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. Zacks Research upgraded Hagerty from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. Keefe, Bruyette & Woods raised their target price on Hagerty from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 11th. Wells Fargo & Company lifted their target price on Hagerty from $11.00 to $13.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. Finally, Wall Street Zen raised Hagerty from a “sell” rating to a “hold” rating in a research note on Saturday, July 4th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

Check Out Our Latest Stock Report on HGTY

About Hagerty (Get Free Report)

Hagerty, Inc is an automotive lifestyle company focused on serving classic and enthusiast vehicle owners. Through its insurance operations, the company provides specialty insurance products and related services designed for collector cars, classic vehicles, motorsports vehicles and other vehicles that may require coverage tailored to their usage and value.

Hagerty also offers automotive valuation tools, vehicle research and pricing information, membership benefits, and digital content for enthusiasts.

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, /PRNewswire/ -- Hagerty, Inc. (NYSE: HGTY) ("Hagerty"), a business that makes it easier and more enjoyable to be a driving enthusiast, announced the pricing of its secondary offering, upsized to 9,250,000 shares of Hagerty's Class A Common Stock, being offered by Hagerty Holding Corp. ("HHC" or the "Selling Stockholder") at a price to the public of $11.95 per share. In connection with the offering, the Selling Stockholder also granted the underwriters a 30-day option to purchase up to an additional 1,387,500 shares of Hagerty's Class A Common Stock. The offering is expected to close on or about September 11, 2026, subject to the satisfaction of customary closing conditions.

Hagerty will not receive any of the proceeds from the sale of the shares of its Class A Common Stock offered by the Selling Stockholder, and the Selling Stockholder will bear the underwriting discounts and commissions associated with the sale of such shares. HHC has advised us that the net proceeds from the sale of its shares in this offering will be used to effect a redemption, for the benefit of the Kim Hagerty Revocable Trust, of a corresponding number of its HHC shares. Wells Fargo Securities and J.P. Morgan are acting as representatives of the underwriters and lead bookrunning managers of the offering. BMO Capital Markets, Citizens Capital Markets, Keefe, Bruyette & Woods, A Stifel Company, and Oppenheimer & Co. are acting as additional bookrunning managers of the offering.

The offering is being made only by means of a prospectus supplement and the accompanying base prospectus. When available, copies of the final prospectus supplement and accompanying base prospectus may be obtained for free by visiting EDGAR on the Securities and Exchange Commission's (the "SEC") website at www.sec.gov. Alternatively, Hagerty, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by contacting Wells Fargo Securities, LLC, 90 South 7th Street, 5th Floor, Minneapolis, MN 55402, at 800-645-3751 (option #5) or by email at [email protected], or J.P. Morgan Securities LLC, Attention: c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by email at prospectus-eq_[email protected] and [email protected].

A registration statement relating to these securities has been filed with, and declared effective by, the SEC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

This press release contains statements that constitute "forward-looking statements" within the meaning of the federal securities laws. All statements provided, other than statements of historical fact, are forward-looking statements, including those relating to the satisfaction of closing conditions, the closing of the offering, and the underwriters' option to purchase additional shares. The words "anticipate," "expect," "intend," "may," "will," "would," "could," and similar expressions, and the negative of these expressions, are intended to identify forward-looking statements.

Hagerty has based these forward-looking statements largely on current expectations about future events, which may not materialize. Actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. These factors include, among other things, Hagerty's ability to: (i) compete effectively within Hagerty's industry and attract and retain Hagerty's insurance policyholders and paid Hagerty Drivers Club subscribers; (ii) maintain key strategic relationships with Hagerty's insurance distribution and underwriting carrier partners; (iii) prevent, monitor, and detect fraudulent activity; (iv) manage risks associated with disruptions, interruptions, outages or other issues with Hagerty's technology platforms or Hagerty's use of third-party services; (v) accelerate the adoption of Hagerty's membership and marketplace products and services, as well as any new insurance programs and products Hagerty offers; (vi) successfully implement the fronting arrangement consummated with Markel Group Inc. and realize the anticipated benefits while also managing the increased exposure to underwriting volatility, catastrophes, reinsurance counterparty risk, and legal, compliance, and regulatory risks resulting from the shift to Hagerty's wholly owned subsidiary, Hagerty Reinsurance Limited, assuming 100% of the risk for policies written through this arrangement; (vii) underwrite and price new products, including Enthusiast+, consistent with expected loss ratios and risk tolerances; (viii) execute Broad Arrow Group, Inc.'s private sale, auction, and financing strategies; (ix) complete acquisitions or investments, such as the acquisition of Bennetts Motorcycling Services Limited, on the expected terms or timeline, or at all, or realize the anticipated benefits of these acquisitions and investments, including expected earnings enhancements and synergies; (x) manage the cyclical nature of the insurance business and broader macroeconomic conditions, including inflation, interest rates, and potential recessionary pressures; (xi) achieve Hagerty's investment objectives and avoid losses in Hagerty's investment portfolio; (xii) address unexpected increases in the frequency or severity of claims, including catastrophe losses; and (xiii) comply with the numerous laws and regulations applicable to Hagerty's business, including without limitation state, federal, and foreign laws relating to insurance and rate increases, privacy and cybersecurity, marketing and advertising, digital services, accounting matters, tax, anti-money laundering, and economic sanctions.

The forward-looking statements herein represent the views of Hagerty as of the date of this release and Hagerty undertakes no obligation to update any forward-looking statement, whether as a result of new information, future developments, or otherwise.

About Hagerty, Inc. (NYSE: HGTY)

Hagerty is a company built by drivers for drivers, protecting 3.0 million vehicles in the United States, Canada and the UK. We make it easier and more enjoyable for car enthusiasts to drive and celebrate the vehicles they love through innovative vehicle insurance products, live and digital auctions, engaging media and events, and the Hagerty Drivers Club, the world's largest membership community of car lovers.

For more information, please visit www.hagerty.com or www.newsroom.hagerty.com. Never Stop Driving®.

Media Contact: Hagerty Investor Contact: [email protected], Hagerty Media Contact: [email protected]

Category: Financial

Source: Hagerty

SOURCE Hagerty

BICESTER, United Kingdom, Sept. 03, 2026 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), is excited to offer a number of exceptional supercars and hypercars at The Zürich Auction taking place on 7 November 2026. Headlined by a Swiss-delivered 2019 McLaren Senna and a 2015 Ferrari LaFerrari, offered without reserve, desirable icons of modern performance will be among approximately 60 collector cars presented at this prestigious European auction. Returning to the luxurious Dolder Grand for the second year as the official auction partner of Auto Zürich, the sale is again set to provide an unforgettable experience for bidders and sellers, all set against the spectacular backdrop of Lake Zürich.

“We are very excited to be returning to the Dolder Grand in 2026,” says Paul Gaucher, Head of Consignments, Switzerland at Broad Arrow Auctions. “We saw fantastic success with modern performance cars at our debut auction, and early consignments for this year already include some of the most lauded hypercars of the modern era. The LaFerrari is one of the hottest collectables in today’s market, and the Senna is a car that pushed the boundaries of performance as part of McLaren’s Ultimate Series and which carries the spirit of one of the greatest Formula One drivers of all time, Ayrton Senna.”

2019 McLaren Senna (Estimate: CHF 1’100’000 – CHF 1’400’000)

The McLaren Senna was built to be the ultimate performance car, one that reflected Ayrton Senna’s almost obsessive pursuit of exploring the limits. This is reflected in every inch of the car, from its striking Volcano Orange paintwork and dramatic aerodynamic package, to its incredible engineering and the masterpiece that is its 4.0-litre, twin-turbocharged V8, capable of achieving a zero to 100 km/h time of only 2.8 seconds with a top speed of 340 km/h.

Number 181 of only 500 hand-built examples produced by the famous British marque, the Senna on offer was delivered new to Switzerland and has covered just 131 kilometres since new. The thrilling car features over CHF 40’000 of options, including McLaren Track Telemetry, Bowers & Wilkins audio and air-conditioning. 

At 1,198 kilogrammes, the Senna was the lightest road car McLaren produced since the iconic F1, with a carbon fibre Monocage chassis surrounded by carbon fibre bodywork. The same material was used throughout, for the seats and trim elements, all to reduce weight and enhance both performance and handling. Another key driver was aerodynamics, with active elements both around the bodywork and beneath it, all contributing to a remarkable downforce figure of up to 800 kilogrammes at 250 km/h.

While McLaren avoided using a hybrid system to save weight, the Senna features superb driving systems and technology, including RaceActive Chassis Control, Variable Drift Control and an open differential with brake steer that together with other systems ensures the driver has direct control over how the car dispenses with its 800 horsepower and 800 Nm of torque.

Further signs that this is a pure drivers’ car include the glass panels in the lower sections of the doors that give a view of the road as you rapidly pass along it, and the exposed mechanical elements in the cockpit. This is a car that is all about engagement, about exploring the limits, and presents the opportunity to own one of the most exceptional cars to ever wear the McLaren name.

2015 Ferrari LaFerrari (Estimate: CHF 5’500’000 – CHF 7’500’000) | Offered Without Reserve 

Unveiled at the Geneva International Motor Show in 2013, the LaFerrari was Maranello’s first hybrid hypercar, the pinnacle of design, engineering and performance. At the time, its 6.3-litre V12 was the most powerful naturally aspirated V12 ever fitted to a Ferrari, and it was combined with genuine Formula One technology, including its HY-KERS electric motor.

Chassis 214333 is finished in the rare Bianco Fuji with a Bianchi/Neri leather interior, a striking combination enhanced further by Giallo Modena yellow brake callipers. Delivered new to the Ferrari concessionaire in Hong Kong, it features exceptionally low mileage of just 92 km at the time of cataloguing. A 202-point inspection in November 2025 identified that the high-voltage battery was due for replacement, which was subsequently completed at Rossocorsa, the official Ferrari dealer in Milan. The battery replacement was a key element of an extensive range of service items, with a total invoice of over €200.000, ensuring this LaFerrari is ready to be driven and enjoyed. It is presented as a fantastic opportunity to acquire one of the most important hypercars and a true icon of modern Ferrari history.

2011 Lamborghini Gallardo LP570-4 Superleggera (Estimate: CHF 135’000 – CHF 155’000)

The Lamborghini Gallardo arrived to great acclaim as the second supercar from Sant’Agata Bolognese to emerge under Audi ownership. Initially designed by Fabrizio Giugiaro at Italdesign along with Lamborghini’s head of design, Luc Donckerwolke, it dramatically combined the famous wedge-shape with attitude, surprising levels of comfort and blistering performance.

The Superleggera (Super Light) was one of the lightest of all, combined with an increase in power for its 5.2-litre V10 over regular models and more track-focused dynamics. It was everything a Lamborghini should be, conveying athleticism in its design, raw performance and a thrilling drive both on road and on the track.

This Swiss-delivered example is finished in striking Giallo Midas over a Nero Alcantara interior with Giallo stitching and has had just three owners since new. It benefits from a full stamped service history and is provided with its original owner’s handbook. This is a superb opportunity to acquire a supercar that began a new era for Lamborghini and one that holds a special place in the Italian marque’s history.

“These cars are true performance icons and we are very excited to present them to international buyers at our upcoming Zürich Auction,” says Karsten Le Blanc, SVP, Head of EMEA Region and Broad Arrow Capital. “We look forward to welcoming collectors to the historic Dolder Grand once again and will be announcing additional exciting cars perfectly suited to the Swiss market very soon.”

Additional information on Broad Arrow’s Zürich Auction is available at broadarrowauctions.com. Collectors interested in consigning their cars or registering to bid are invited to discuss their requirements with a Broad Arrow car specialist via [email protected].

Further details and images available on request.

Ends. 

Editor’s NotesPhoto Credit: All images Courtesy of Broad Arrow Auctions.

About Broad Arrow Auctions

Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), is a leading global collector car auction house founded in 2021 by industry veterans. As the fastest-growing auction house in its segment, Broad Arrow connects exceptional collector cars with enthusiasts worldwide through flagship events including The Broad Arrow Quail Auction (the official auction of The Quail by The Peninsula, A Motorsports Gathering), The Amelia Auction (the official auction of The Amelia Concours), The Porsche Auction in collaboration with Air | Water by Luftgekühlt, the Las Vegas Auction in partnership with Concours at Wynn Las Vegas, as well as international auctions held in partnership with Concorso d’Eleganza Villa d’Este, Zoute Grand Prix, and Auto Zürich.

Learn more at broadarrowauctions.com and follow us on Instagram, Facebook, LinkedIn, and Twitter.

About Hagerty, Inc. (NYSE: HGTY) 

Hagerty is a company built by drivers for drivers, protecting 2.8 million vehicles in the United States, Canada and the UK. We make it easier and more enjoyable for enthusiasts to drive and celebrate the machines they love through innovative insurance products, live and digital auctions, engaging media and events, as well as the Hagerty Drivers Club, the world’s largest community of car lovers. For more information, please visit www.hagerty.com or www.newsroom.hagerty.com.

The Hagerty Automotive Intelligence team uses their collector car expertise to analyze Hagerty's massive trove of public auction results, private sales and insurance data, and buyer and seller behavior. Learn more about how we collect our data at hagerty.com/valuation-tools.

Forward-Looking Statements - This press release contains statements that constitute “forward-looking statements” within the meaning of the federal securities laws. All statements provided, other than statements of historical fact, are forward-looking statements, including those regarding Hagerty’s future operating results and financial position, Hagerty’s business strategy and plans, products, services, and technology implementations, market conditions, growth and trends, expansion plans and opportunities, and Hagerty’s objectives for future operations. The words “anticipate,” “believe,” “envision,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue,” “ongoing,” “contemplate,” and similar expressions, and the negative of these expressions, are intended to identify forward-looking statements.

Hagerty has based these forward-looking statements largely on current expectations about future events, which may not materialize. Actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. These factors include, among other things, Hagerty’s ability to: (i) compete effectively within our industry and attract and retain our insurance policyholders and paid Hagerty Drivers Club (“HDC”) subscribers; (ii) maintain key strategic relationships with our insurance distribution and underwriting carrier partners; (iii) prevent, monitor, and detect fraudulent activity; (iv) manage risks associated with disruptions, interruptions, outages or other issues with our technology platforms or our use of third-party services; (v) accelerate the adoption of our membership and marketplace products and services, as well as any new insurance programs and products we offer; (vi) manage the cyclical nature of the insurance business, including through any periods of recession, economic downturn or inflation; (vii) address unexpected increases in the frequency or severity of claims, and (viii) comply with the numerous laws and regulations applicable to our business, including state, federal and foreign laws relating to insurance and rate increases, privacy, the internet, and accounting matters.

The forward-looking statements herein represent the judgment of Hagerty as of the date of this release and Hagerty disclaims any intent or obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. This press release should be read in conjunction with the information included in Hagerty’s other press releases, reports and other filings with the Securities and Exchange Commission. Understanding the information contained in these filings is important in order to fully understand Hagerty’s reported financial results and its business outlook for future periods.

2019 McLaren Senna set to headline Broad Arrow's second annual Zürich Auction, 7 November in partnership with Auto Zürich 2015 Ferrari LaFerrari set to headline Broad Arrow's second annual Zürich Auction, 7 November in partnership with Auto Zürich

2019 McLaren Senna set to headline Broad Arrow's second annual Zürich Auction, 7 November in partner... Credit - Tim Scott/Courtesy of Broad Arrow Auctions 2015 Ferrari LaFerrari set to headline Broad Arrow's second annual Zürich Auction, 7 November in par... Credit - Sian Loyson/Courtesy of Broad Arrow Auctions

CARMEL, California, Aug. 17, 2026 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), has released official results for its 2026 The Quail Auction, the auction house’s inaugural presentation as the official auction partner of The Quail by The Peninsula, A Motorsports Gathering. Held August 13-14 at The Quail Golf Club in Carmel, California, a stone’s throw away from the magic of the 23rd edition of The Quail on Friday, the two-day auction was a resounding success, achieving $97.4 million in total sales with 85 percent of all lots sold (159 of 186 lots). 

“We could not be prouder of our first Monterey Car Week auction as the official partner of The Quail by The Peninsula, A Motorsports Gathering,” said Kenneth Ahn, President of Broad Arrow and Hagerty Marketplace. “Our innovative new presentation and a catalog featuring some of the market’s most in-demand collector cars translated to over 1,400 registered bidders and Broad Arrow’s highest grossing Monterey Car Week sale to date. We are tremendously grateful to all our consignors, bidders, sponsors, and attendees, as well as to our partners at The Quail for their incredible support and collaboration. We are beyond excited about this new chapter.”

“The inaugural Quail Auction with Broad Arrow was a resounding success,” adds James Overbaugh, Managing Director of The Quail. “The energy, experience and exceptional automobiles the Broad Arrow team brought to our event were incredibly additive and we’re thrilled to have them as our auction partner for many years to come.”

Broad Arrow’s two-day auction, taken by Principal Auctioneer Lydia Fenet and Auctioneer Eli Rodriguez, was led by its headlining lot, a 2003 Ferrari Enzo, one of only three finished in Nero D.S. over Rosso leather, a specification that inverts the familiar red-over-black formula to striking and desirable effect. Offered without reserve, the Enzo drew significant pre-sale interest which resulted in competitive back-and-forth bidding between multiple bidders in the auction room. With palpable energy and all eyes on the winning bidder, the Enzo eventually sold for a final $10,675,000 to an enthusiastic Jesús Ortíz Paz, the frontman of the sensational American Mexican music group Fuerza Régida, igniting cheering and applause throughout the crowd.

“The Ferrari Enzo epitomizes today’s market better than any other car and the significant price we achieved for the example at The Quail Auction, sold to a new, millennial-aged collector, is illustrative of the generational shift in collecting and of what today’s collectors really want,” comments Barney Ruprecht, Vice President of Auctions for Broad Arrow. “Beyond the Enzo, modern collectible Ferraris reached new heights across our two-day sale, with world record and stand out prices for everything from a 550 Barchetta Pininfarina to a 488 Pista Spider, a 550 Maranello, an 812 Superfast, all the way to a 575M Maranello. The results speak to confidence in the market and to the successful curation of our Quail Auction catalog.”

Ferraris certainly drew the strongest interest and most competitive bidding from collectors at Broad Arrow’s The Quail Auction. Proving the continued strength of the Ferrari market from the start of the sale, Lot 119 on Thursday, a single-owner, low-mileage 2019 Ferrari 812 Superfast offered from The Casa Bella Macchina Collection, nearly doubled its pre-sale high estimate at a final $747,500, setting a new world record auction price for the model (Estimate: $350,000 - $400,000). Later in the sale, a superbly preserved, 527-mile, Classiche certified 1998 Ferrari 550 Maranello set another world record auction price at $648,500 (Estimate: $450,000 - $550,000).

On Friday, a stunning, Classiche Red Book certified 2001 Ferrari 550 Barchetta Pininfarina in the uncommon specification of Nero D.S. over Cuoio leather roared past its estimate of $1,100,000 to $1,400,000 to bring a final, world record price of $1,627,500, while a single-owner, extensively specified, and low-mileage 2020 Ferrari 488 Pista Spider brought a world record $1,545,000.

Significant Modern Collectible Ferrari Prices at The Quail Auction

Lot 277 2003 Ferrari Enzo $10,675,000 Lot 272.1 2017 Ferrari F12tdf $3,635,000 Lot 135 2015 Ferrari 458 Speciale A $2,425,000 Lot 260 2001 Ferrari 550 Barchetta Pininfarina $1,627,500 Lot 221 2020 Ferrari 488 Pista Spider $1,545,000 Lot 119 2019 Ferrari 812 Superfast $747,500 Lot 134 1998 Ferrari 550 Maranello $648,500 Lot 243 2005 Ferrari Superamerica $555,000 Lot 240 2006 Ferrari F430 $439,500 Lot 210 2000 Ferrari 550 Maranello $403,750 Lot 268 2008 Ferrari 599 GTB Fiorano Six-Speed Conversion $318,500 Lot 283 2004 Ferrari 360 Spider $291,000 Lot 117 2001 Ferrari 360 Spider $224,000 Lot 282 1997 Ferrari F355 Spider $198,800 Lot 191 2004 Ferrari 575M Maranello $179,200 Outside the hot Ferrari market, it was additional modern supercars and collectibles that commanded the strongest prices across Broad Arrow’s The Quail Auction. Beautifully specified Bugatti hypercars were met with significant bidder interest. With a statement opening and closing winning bid, the one-of-99 2025 Bugatti W16 Mistral finished in Matt Argent/Black Carbon over a Beluga Black and Tangerine interior sold for $8,805,000, a new world record price for the model. Soon after, a stunning example of Bugatti’s legendary 21st Century benchmark hypercar, a 2011 Bugatti Veyron 16.4 Grand Sport finished in White over Saddle brown Nappa leather, achieved $3,305,000, a new record for the Veyron model at auction. Additional stand out prices for modern supercars include $2,837,500 for an exceedingly rare 2023 Hennessey Venom F5 Revolution Coupe, a new world record for any Hennessey at auction, along with a strong $2,865,000 for an exceptional, Graphite Metallic example of the iconic 1988 Porsche 959 Komfort, a new world record for any unmodified 959 Komfort at auction.

Additional Porsche highlights include a highly desirable 1990 Porsche 911 Reimagined by Singer - Classic Turbo Services "Aurum Verde Commission" which sold for $1,600,000, a wild Paint-to-Sample Violet Blue Metallic, extensively optioned 1996 Porsche 911 Turbo which exceeded its high estimate at $500,000, and a rare, single-owner 1998 Porsche 911 Carrera 4S which soared past estimate to a final $263,200.

The finest post-war era sports and GT cars also continue to draw discerning collectors, with an exceptionally restored, low-mileage example of the world’s first supercar, a 1968 Lamborghini Miura P400 S finished in period-correct Azzurro Mexico Metallizzato selling for a final $4,075,000. From Mercedes-Benz, a much-adored, exquisitely restored 1957 Mercedes-Benz 300 SL Roadster, one of just 15 Roadsters finished new from the factory in Sonderlackierung Light Green Metallic and accented by striking Green leather interior, sold for a final $2,040,000. This surpasses its pre-sale estimate of $1,500,000 to $1,800,000.

Top Ten Sales – Broad Arrow’s The Quail Auction 2026

1. Lot 277 2003 Ferrari Enzo  $10,675,000 2. Lot 232 2025 Bugatti W16 Mistral  $8,805,000 3. Lot 238 1968 Lamborghini Miura P400 S  $4,075,000 4. Lot 272.1 2017 Ferrari F12tdf  $3,635,000 5. Lot 269 2011 Bugatti Veyron 16.4 Grand Sport  $3,305,000 6. Lot 231 1988 Porsche 959 Komfort  $2,865,000 7. Lot 161 2023 Hennessey Venom F5 Revolution Coupe  $2,837,500 8. Lot 135 2015 Ferrari 458 Speciale A  $2,425,000 9. Lot 254 2023 Hennessey Venom F5 Roadster  $2,425,000 10. Lot 225 1966 Shelby 427 Cobra SOLD AFTER AUCTION World Record Auction Prices - Broad Arrow’s The Quail Auction 2026

Lot 232 2025 Bugatti W16 Mistral $8,805,000 World Record Auction Price for the Model Lot 269 2011 Bugatti Veyron 16.4 Grand Sport $3,305,000 World Record Auction Price for the Model Lot 231 1988 Porsche 959 Komfort $2,865,000 World Record Auction Price for Unmodified 959 Komfort Lot 161 2023 Hennessey Venom F5 Revolution Coupe $2,837,500 World Record Auction Price for a Hennessey Lot 260 2001 Ferrari 550 Barchetta Pininfarina $1,627,500 World Record Auction Price for the Model Lot 221 2020 Ferrari 488 Pista Spider $1,545,000 World Record Auction Price for the Model Lot 119 2019 Ferrari 812 Superfast $747,500 World Record Auction Price for the Model Lot 134 1998 Ferrari 550 Maranello $648,500 World Record Auction Price for the Model Lot 285 1989 Porsche 911 Carrera Targa "Rijkspolitie" $252,000 World Record Auction Price for G-Body 911 Police Car
Complete results from Broad Arrow’s 2026 The Quail Auction are available at broadarrowauctions.com. Later this week, bidding closes on Broad Arrow’s presentation of Global Icons: The Patina Collective, a limited offering of 40 of the most influential and culturally significant youngtimer Mercedes-Benzes via the company’s online auction platform. Lots begin to close at 10:00 a.m. ET on Friday, August 21. Next up, Broad Arrow turns its focus to another inaugural sale, this time in partnership with the Audrain Newport Concours & Motor Week. The Audrain Auction, set for October 2, marks Broad Arrow’s first auction in the Northeast, presenting approximately 70 exceptional collector cars at one of the premier automotive destinations in the U.S.

Overseas, Broad Arrow is adding exciting consignments daily for its second annual Zoute Concours Auction, set for October 9 in collaboration with Zoute Grand Prix Car Week. Following a highly successful debut in 2025, the return of the sale with showcase approximately 70 sought-after collector cars at Approach Golf in Knokke-Heist, Belgium. 

Additional information on upcoming auctions is available at broadarrowauctions.com. Members of the media with any questions are invited to reach out to the Broad Arrow Press Team at [email protected].

NOTE: All prices are listed in USD and include buyer’s premium, which is equal to the sum of twelve percent (12%) of the first $250,000 of the Hammer Price and ten percent (10%) of the amount by which the Hammer Price exceeds $250,000 for all motor car lots. For non-motor car lots, Buyer’s Premium is equal to twenty-five (25) percent of the Hammer Price. Results include select transactions that occurred immediately following the close of the auction.

Editor’s Notes

Photo Credit: All images by Nick Zabrecky/Courtesy of Broad Arrow Auctions.

About Broad Arrow Auctions

Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), is a leading global collector car auction house founded in 2021 by industry veterans. As the fastest-growing auction house in its segment, Broad Arrow connects exceptional collector cars with enthusiasts worldwide through flagship events including The Broad Arrow Quail Auction (the official auction of The Quail by The Peninsula, A Motorsports Gathering), The Amelia Auction (the official auction of The Amelia Concours), The Porsche Auction in collaboration with Air | Water by Luftgekühlt, the Las Vegas Auction in partnership with Concours at Wynn Las Vegas, as well as international auctions held in partnership with Concorso d’Eleganza Villa d’Este, Zoute Grand Prix, and Auto Zürich.

Learn more at broadarrowauctions.com and follow us on Instagram, Facebook, LinkedIn, and Twitter.

About Hagerty, Inc. (NYSE: HGTY)

Hagerty is a company built by drivers for drivers, protecting 2.8 million vehicles in the United States, Canada and the UK. We make it easier and more enjoyable for enthusiasts to drive and celebrate the machines they love through innovative insurance products, live and digital auctions, engaging media and events, as well as the Hagerty Drivers Club, the world’s largest community of car lovers. For more information, please visit www.hagerty.com or www.newsroom.hagerty.com.

The Hagerty Automotive Intelligence team uses their collector car expertise to analyze Hagerty's massive trove of public auction results, private sales and insurance data, and buyer and seller behavior. Learn more about how we collect our data at hagerty.com/valuation-tools.

Forward-Looking Statements - This press release contains statements that constitute “forward-looking statements” within the meaning of the federal securities laws. All statements provided, other than statements of historical fact, are forward-looking statements, including those regarding Hagerty’s future operating results and financial position, Hagerty’s business strategy and plans, products, services, and technology implementations, market conditions, growth and trends, expansion plans and opportunities, and Hagerty’s objectives for future operations. The words “anticipate,” “believe,” “envision,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue,” “ongoing,” “contemplate,” and similar expressions, and the negative of these expressions, are intended to identify forward-looking statements.

Hagerty has based these forward-looking statements largely on current expectations about future events, which may not materialize. Actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. These factors include, among other things, Hagerty’s ability to: (i) compete effectively within our industry and attract and retain our insurance policyholders and paid Hagerty Drivers Club (“HDC”) subscribers; (ii) maintain key strategic relationships with our insurance distribution and underwriting carrier partners; (iii) prevent, monitor, and detect fraudulent activity; (iv) manage risks associated with disruptions, interruptions, outages or other issues with our technology platforms or our use of third-party services; (v) accelerate the adoption of our membership and marketplace products and services, as well as any new insurance programs and products we offer; (vi) manage the cyclical nature of the insurance business, including through any periods of recession, economic downturn or inflation; (vii) address unexpected increases in the frequency or severity of claims, and (viii) comply with the numerous laws and regulations applicable to our business, including state, federal and foreign laws relating to insurance and rate increases, privacy, the internet, and accounting matters.

The forward-looking statements herein represent the judgment of Hagerty as of the date of this release and Hagerty disclaims any intent or obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. This press release should be read in conjunction with the information included in Hagerty’s other press releases, reports and other filings with the Securities and Exchange Commission. Understanding the information contained in these filings is important in order to fully understand Hagerty’s reported financial results and its business outlook for future periods.

The top-selling 2003 Ferrari Enzo crosses the auction block at Broad Arrow's 2026 The Quail Auction, the official auction of The Quail by The Peninsula, A Motorsports Gathering An overview of Broad Arrow's innovative presentation at The Quail Auction 2026

Posted by Defense World Staff on Aug 13th, 2026

Dimensional Fund Advisors LP boosted its stake in Hagerty, Inc. (NYSE:HGTY – Free Report) by 49.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 271,346 shares of the company’s stock after purchasing an additional 89,898 shares during the quarter. Dimensional Fund Advisors LP owned about 0.08% of Hagerty worth $2,857,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Osaic Holdings Inc. boosted its holdings in shares of Hagerty by 2,374.5% in the 2nd quarter. Osaic Holdings Inc. now owns 4,949 shares of the company’s stock valued at $50,000 after purchasing an additional 4,749 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Hagerty by 165.3% in the third quarter. BNP Paribas Financial Markets now owns 5,131 shares of the company’s stock valued at $62,000 after acquiring an additional 3,197 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Hagerty during the fourth quarter valued at about $98,000. Bank of America Corp DE grew its position in Hagerty by 46.6% during the second quarter. Bank of America Corp DE now owns 8,571 shares of the company’s stock valued at $87,000 after acquiring an additional 2,726 shares during the period. Finally, Occudo Quantitative Strategies LP purchased a new position in shares of Hagerty in the 4th quarter worth about $170,000. Institutional investors and hedge funds own 20.51% of the company’s stock.

Insider Transactions at Hagerty In other Hagerty news, CAO Kevin M. Delaney sold 3,113 shares of the stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $12.25, for a total transaction of $38,134.25. Following the transaction, the chief accounting officer owned 83,972 shares of the company’s stock, valued at $1,028,657. This trade represents a 3.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 13,458 shares of company stock worth $163,227 in the last 90 days. Corporate insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades A number of analysts recently issued reports on the stock. Wells Fargo & Company increased their target price on shares of Hagerty from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. JPMorgan Chase & Co. increased their price objective on shares of Hagerty from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. Keefe, Bruyette & Woods lifted their target price on shares of Hagerty from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Tuesday. Truist Financial upped their price target on shares of Hagerty from $11.00 to $13.00 and gave the stock a “hold” rating in a research report on Friday, August 7th. Finally, UBS Group set a $14.00 price target on Hagerty in a report on Wednesday, June 10th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Hagerty presently has a consensus rating of “Hold” and an average target price of $14.00.

Read Our Latest Stock Report on Hagerty

Hagerty Trading Down 0.5% HGTY opened at $12.72 on Thursday. The stock has a market capitalization of $4.37 billion, a PE ratio of 141.33 and a beta of 0.79. The firm’s fifty day moving average price is $11.73 and its 200 day moving average price is $11.25. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.53 and a quick ratio of 1.53. Hagerty, Inc. has a 12-month low of $9.36 and a 12-month high of $14.00.

Hagerty (NYSE:HGTY – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.07. The company had revenue of $354.82 million during the quarter, compared to analyst estimates of $316.21 million. Hagerty had a net margin of 1.81% and a return on equity of 5.15%. As a group, research analysts expect that Hagerty, Inc. will post -0.1 EPS for the current fiscal year.

Hagerty Profile (Free Report)

Hagerty is a specialized automotive lifestyle and insurance company that caters primarily to collectible car enthusiasts. Its core business centers on offering classic vehicle insurance policies designed to protect antique, vintage and specialty automobiles, motorcycles and boats. These policies typically feature agreed-value coverage, flexible usage options and access to restoration services, aligning with the unique needs of collectors and hobbyists.

Beyond insurance, Hagerty operates a comprehensive suite of community and content services under its automotive lifestyle brand.

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Grosse Pointe, Michigan, Aug. 06, 2026 (GLOBE NEWSWIRE) -- Broad Arrow, driven by Hagerty (NYSE: HGTY), is extremely proud to present one of the defining supercars of the modern era, the Lexus LFA Nürburgring Package. Available through Broad Arrow Private Sales, this highly collectible supercar is one of only 64 LFA models produced with the desirable Nürburgring Package and one of only 25 delivered to the U.S.

It is the ultimate interpretation of Akio Toyoda’s vision to instill excitement into the brand’s vehicles, an achievement dramatically realized in 2009 when the LFA was first revealed at the Tokyo Motor Show. 500 LFAs were manufactured, but it is the Nürburgring Package that is the most exclusive, honoring the hat-trick of class wins by the LFA at the Nürburgring 24 Hours between 2008 and 2010. Each one is assembled by hand with an increase in power over the regular model and significant upgrades to aerodynamics, suspension, and the interior as well as an all-important reduction in weight.

This extremely rare pinnacle of Lexus design, engineering and craftsmanship is available for immediate acquisition via Broad Arrow Private Sales and will be displayed in ‘The Legacy of Japanese GTs’ celebrated class at the 23rd edition of The Quail by The Peninsula, A Motorsports Gathering on August 14. The LFA will be joined by an equally rare 2021 Marc Philipp Gemballa MARSIEN, presented on Broad Arrow’s stand at The Quail by The Peninsula, A Motorsports Gathering. The Private Sales offerings will be presented alongside 185 collector cars set for Broad Arrow’s inaugural edition of The Quail Auction, the official auction partner of the renowned motorsports and lifestyle event at The Quail Golf Club in Carmel, California. Taking place on Thursday August 13 and Friday August 14, this prestigious auction will feature some of the world’s most desirable pre- and post-war classics, motorsport icons, supercars and modern collectibles, marking Broad Arrow’s most significant auction catalog to date.

“The Lexus LFA made motoring history, putting not just Lexus but Japan firmly into the realm of the modern supercar,” says Alexander Weaver, VP of Broad Arrow Private Sales. “Not since the Honda NSX has a Japanese performance car attracted so much global interest among collectors and enthusiasts. The LFA Nürburgring Package combines motorsport-derived performance with the design, craftsmanship, and comfort that Lexus is renowned for, and we are thrilled to be able to present this pristine, low-mileage example during Monterey Car Week at The Quail.”

Driven only 72 miles at the time of cataloging, LFA No. 488 is finished in Whitest White with BBS Forged Graphite Wheels and an interior trimmed in two-tone white with red seats, headliner, carpets and steering wheel grips. At its heart is the ingeniously lightweight, 40-valve, 4.8-liter V10 engine, producing 563 horsepower with a titanium exhaust that created one of the most iconic soundtracks in the supercar world. 

It boasts a clean CARFAX Vehicle History Report detailing its ownership by three meticulous collectors and is supplied with original delivery items, including the owner’s books in a leather pouch, LFA vehicle delivery certificate, first aid kit, LFA branded car cover bag and a detailed history file.

From the incredible performance and intoxicating howl of the V10 engine at its peak, to the dramatic aerodynamics and beautifully handcrafted interior, this Lexus LFA Nürburgring epitomizes Japan’s desire for perfection and deserves its place in any of the world’s most discerning collections.

Broad Arrow will also present additional exciting cars available for private sale on its official stand at The Quail by The Peninsula, A Motorsports Gathering, including a rare 2021 Marc Philipp Gemballa MARSIEN. Marc Philipp Gemballa has been honoring the legacy of his late father, Uwe Gemballa, since 2021 and in his inaugural creation, the MARSIEN truly showcased his vision for what is undeniably one of the most famous names in the Porsche world. Based on the 992-generation 911 Turbo S, the MARSIEN is named after the red sands of the Al Faya Desert in the United Arab Emirates and pays homage to the Group B 959s that campaigned in the Paris-Dakar Rally.

Beneath its sculpted bodywork, so reminiscent of the 959, sits a RUF Automobile version of the 911 Turbo S 3.7-liter flat-six engine, with power upgraded in this example to 830 horsepower, capable of delivering a 0-60 mph time of 2.8 seconds and a top speed of 208 mph. KW Automotive suspension further endows the MARSIEN with genuine versatility and the ability for the standard 4.7 inches of ground clearance to be raised to 10 inches for off-road adventures.

Only 40 examples of the MARSIEN were produced and No. 21 is finished in Al Faya Pearl White Effect, a color limited to only five of those manufactured. The Exposed Carbon Fiber Exterior Package is in Tinted Blue with a matte finish and the interior with its original Porsche Carbon Fiber Bucket Seats and Club Sport rollbar, is trimmed in Dark Gray Alcantara with blue accents. Driven only 4,699 miles at the time of cataloguing, this Gemballa MARSIEN is one of the most unique modern supercars, one that is just as at home carving up a canyon road as it is taking to a desert trail.

Additional information on the Lexus LFA Nürburgring Package and the Marc Philipp Gemballa MARSIEN available via Broad Arrow Private Sales is found at broadarrowprivatesales.com. Attendees of The Quail by The Peninsula, A Motorsports Gathering are invited to view the cars in person at the August 14 event. All interested parties may contact at Broad Arrow car specialist at [email protected] or by calling +1 313-312-0780.

The complete digital catalog for Broad Arrow’s inaugural edition of The Quail Auction is now available at broadarrowauctions.com. Event details and history files on all cars are also found on Broad Arrow’s website. Collectors interested in registering to bid are invited to speak with a Broad Arrow car specialist via broadarrowauctions.com or by contacting [email protected] or +1 313-312-0780.

Editor’s Notes

Photo Captions/Credits: All images by Ted7/Courtesy of Broad Arrow Private Sales. 

About Broad Arrow Auctions

Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), is a leading global collector car auction house founded in 2021 by industry veterans. As the fastest-growing auction house in its segment, Broad Arrow connects exceptional collector cars with enthusiasts worldwide through flagship events including The Broad Arrow Quail Auction (the official auction of The Quail by The Peninsula, A Motorsports Gathering), The Amelia Auction (the official auction of The Amelia Concours), The Porsche Auction in collaboration with Air | Water by Luftgekühlt, the Las Vegas Auction in partnership with Concours at Wynn Las Vegas, as well as international auctions held in partnership with Concorso d’Eleganza Villa d’Este, Zoute Grand Prix, and Auto Zürich.

Learn more at broadarrowauctions.com and follow us on Instagram, Facebook, LinkedIn, and Twitter. 

About Hagerty, Inc. (NYSE: HGTY)

Hagerty is a company built by drivers for drivers, protecting 2.8 million vehicles in the United States, Canada and the UK. We make it easier and more enjoyable for enthusiasts to drive and celebrate the machines they love through innovative insurance products, live and digital auctions, engaging media and events, as well as the Hagerty Drivers Club, the world’s largest community of car lovers.  

For more information, please visit www.hagerty.com or www.newsroom.hagerty.com.   

Forward-Looking Statements - This press release contains statements that constitute “forward-looking statements” within the meaning of the federal securities laws. All statements provided, other than statements of historical fact, are forward-looking statements, including those regarding Hagerty’s future operating results and financial position, Hagerty’s business strategy and plans, products, services, and technology implementations, market conditions, growth and trends, expansion plans and opportunities, and Hagerty’s objectives for future operations. The words “anticipate,” “believe,” “envision,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue,” “ongoing,” “contemplate,” and similar expressions, and the negative of these expressions, are intended to identify forward-looking statements.

 Hagerty has based these forward-looking statements largely on current expectations about future events, which may not materialize. Actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. These factors include, among other things, Hagerty’s ability to: (i) compete effectively within our industry and attract and retain our insurance policyholders and paid Hagerty Drivers Club (“HDC”) subscribers; (ii) maintain key strategic relationships with our insurance distribution and underwriting carrier partners; (iii) prevent, monitor, and detect fraudulent activity; (iv) manage risks associated with disruptions, interruptions, outages or other issues with our technology platforms or our use of third-party services; (v) accelerate the adoption of our membership and marketplace products and services, as well as any new insurance programs and products we offer; (vi) manage the cyclical nature of the insurance business, including through any periods of recession, economic downturn or inflation; (vii) address unexpected increases in the frequency or severity of claims, and (viii) comply with the numerous laws and regulations applicable to our business, including state, federal and foreign laws relating to insurance and rate increases, privacy, the internet, and accounting matters. 

The forward-looking statements herein represent the judgment of Hagerty as of the date of this release and Hagerty disclaims any intent or obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. This press release should be read in conjunction with the information included in Hagerty’s other press releases, reports and other filings with the Securities and Exchange Commission. Understanding the information contained in these filings is important in order to fully understand Hagerty’s reported financial results and its business outlook for future periods.

2012 Lexus LFA Nürburgring Package offered via Broad Arrow Private Sales and presented at The Quail by The Peninsula, A Motorsports Gathering 2021 Marc Philipp Gemballa MARSIEN offered via Broad Arrow Private Sales and presented at The Quail by The Peninsula, A Motorsports Gathering

2012 Lexus LFA Nürburgring Package offered via Broad Arrow Private Sales and presented at The Quail ... Credit - Ted7/Courtesy of Broad Arrow Private Sales 2021 Marc Philipp Gemballa MARSIEN offered via Broad Arrow Private Sales and presented at The Quail ... Credit - Ted7/Courtesy of Broad Arrow Private Sales

Hagerty, Inc. (HGTY - Free Report) reported $354.82 million in revenue for the quarter ended June 2026, representing a year-over-year decline of 3.8%. EPS of -$0.02 for the same period compares to $0.13 a year ago.

The reported revenue represents a surprise of +10.53% over the Zacks Consensus Estimate of $321.01 million. With the consensus EPS estimate being -$0.08, the EPS surprise was +75%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Hagerty performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

HDC Paid Member Count: 961,929 versus 983,561 estimated by three analysts on average.Policies in Force: 1,855,649 compared to the 1,757,385 average estimate based on three analysts.REVENUE- Earned premium, net: $251.96 million compared to the $244.86 million average estimate based on three analysts.Total Written Premium: $424.5 million versus $410.26 million estimated by three analysts on average.REVENUE- Commission and fee revenue: $23.67 million compared to the $18.47 million average estimate based on two analysts.View all Key Company Metrics for Hagerty here>>>

Shares of Hagerty have returned -3.5% over the past month versus the Zacks S&P 500 composite's +3.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

Increases 2026 Growth Outlook

First Half 2026 Highlights:

Strong underlying operational performance with record growth in members, written premium, and earned premium First half 2026 Written Premium grew 19% year-over-year to $713 million Added a record 279,000 new members in the first half of 2026, with policy in force growth of 19% year-over-year to 1.9 million members First half 2026 Earned Premium increased 42% to $492 million Transition to Markel Fronting Arrangement on January 1, 2026 resulted in decrease to reported revenue as previously disclosed First half 2026 Net Loss of $5 million, including $153 million of pre-tax Markel Fronting Arrangement transitional costs, compared to Net Income of $74 million in the prior year period First half 2026 Adjusted EBITDA (a non-GAAP measure) increased 32% to $160 million, compared to $121 million in the prior year period First half 2026 Cash Flow from Operating Activities increased 91% to $186 million Increased 2026 Outlook — Written Premium growth of 16% to 17%, Net Income of $18 to $30 million, and Adjusted EBITDA of $270 to $280 million , /PRNewswire/ -- Hagerty, Inc. (NYSE: HGTY) makes it easier and more enjoyable for car enthusiasts to drive and celebrate the vehicles they love — through specialty vehicle insurance, live and digital auctions, engaging media and events, and the Hagerty Drivers Club, the world's largest membership community of car lovers. Today the company announced financial results for the three and six months ended June 30, 2026.

"The first half of 2026 has been the best in Hagerty's history, and our results give us the confidence to significantly increase our full year outlook. We delivered year-to-date written premium growth of 19% and Adjusted EBITDA gains of 32%, reflecting the compounding power of our model as we now control 100% of the economics on our U.S. book. This is what forty years of building trust — one member, one partner, one car at a time — looks like when the flywheel hits its stride," said McKeel Hagerty, Chief Executive Officer and Chairman of Hagerty.

"Our momentum is showing up across every part of the Hagerty ecosystem, including crossing three million insured vehicles. Broad Arrow delivered first half revenue growth of 17%, with a 91% auction sell-through rate and demand from buyers on multiple continents. And in the third quarter, we will welcome the team and members of Bennetts, the United Kingdom's second largest specialty motorcycle insurance broker to the Hagerty family, tripling our scale in that market," added Mr. Hagerty.

SECOND QUARTER 2026 FINANCIAL HIGHLIGHTS

Second quarter 2026 Written Premium increased 19% year-over-year to $425 million, and year-to-date 2026 Written Premium increased 19% year-over-year to $713 million Second quarter 2026 Hagerty Re Earned Premium increased 42% year-over-year to $252 million, and year-to-date 2026 Earned Premium increased 42% year-over-year to $492 million Driven by the Markel Fronting Arrangement which increased Hagerty Re's U.S. quota share from 80% to 100% including in-force policies written in 2025, as well as growth in subject premiums written by our MGA subsidiaries Policies in Force Retention was 88.2% as of June 30, 2026 compared to 88.7% in the prior year period, and policies in force count increased 19% year-over-year to 1.9 million Second quarter 2026 MGA+ reporting unit Commission and fee revenue increased 17% to $167 million, and year-to-date 2026 MGA+ reporting unit Commission and fee revenue increased 18% year-over-year to $287 million, reflecting organic growth in the Essentia and State Farm books of business Assuming control of the Essentia book through the Markel Fronting Arrangement in the first quarter of 2026 requires the elimination of $144 million of Commission and fee revenue in the second quarter of 2026 and $247 million in the first half of 2026 in the Condensed Consolidated Statements of Operations On a consolidated basis, second quarter 2026 Commission and fee revenue decreased 83% year-over-year to $24 million, and year-to-date 2026 Commission and fee revenue decreased 84% year-over-year to $40 million Second quarter 2026 Marketplace revenue increased 48% year-over-year to $40 million, and year-to-date 2026 Marketplace revenue increased 17% year-over-year to $65 million Strong sales growth at live auctions and increased financing revenue which was enabled by the upsized BAC Credit Facility Second quarter 2026 Membership and other revenue increased 3% year-over-year to $21 million, and year-to-date 2026 Membership and other revenue increased 5% year-over-year to $43 million Hagerty Drivers Club (HDC) paid members increased 6% year-over-year to over 962,000 Second quarter 2026 Net investment income increased 17% year-over-year to $11 million, and year-to-date 2026 Net investment income increased 15% year-over-year to $21 million Second quarter 2026 Total Revenue decreased 6% year-over-year to $355 million, and year-to-date 2026 Total Revenue decreased 6% year-over-year to $667 million, reflecting the transition to the Markel Fronting Arrangement Second quarter 2026 Hagerty Re Loss Ratio was 42.7% compared to 42.3% in the prior year period, and year-to-date 2026 Hagerty Re Loss Ratio was 40.6% compared to 42.2% in the prior year period Second quarter 2026 Hagerty Re Combined Ratio was 89.6% compared to 89.6% in the prior year period, and year-to-date 2026 Hagerty Re Combined Ratio was 88.1% compared to 89.1% in the prior year period Second quarter 2026 Policy acquisition costs, net increased 1% to $84 million, and year-to-date 2026 Policy acquisition costs, net increased 16% to $186 million. The year-to-date increase is primarily due to the transition of our business under the Markel Fronting Arrangement, which resulted in incremental ceding commission expense for in-force policies written in 2025 and assumed at 100% on January 1, 2026, as well as an increase in earned premium The transition to the Markel Fronting Arrangement and adoption of Article 7 reporting standards for insurance companies reclassified certain costs among expense captions on the Condensed Consolidated Statements of Operations, reducing period-over-period comparability of individual captions without affecting total expenses. Beginning in 2026, following our assumption of control over the Essentia book of business, operating costs incurred by our U.S. MGA subsidiary in support of risk-taking activities are classified within Underwriting and other insurance expenses, versus Selling, general, and administrative expenses Together, second quarter 2026 Underwriting and other insurance expenses and Selling, general, and administrative expenses within the Insurance segment decreased 11% to $119 million, and year-to-date 2026 decreased 10% to $225 million. This decrease was primarily a result of the deferral of costs incurred by our MGA subsidiary for the successful acquisition or renewal of insurance policies issued under the Markel Fronting Arrangement. In 2025, these costs were expensed as incurred Second quarter 2026 Income before taxes of $2 million, including $64 million of Markel Fronting Arrangement transitional costs, and year-to-date 2026 Loss before taxes of $19 million, including $153 million of Markel Fronting Arrangement transitional costs Second quarter 2026 Net Income of $8 million, including $64 million of pre-tax Markel Fronting Arrangement transitional costs, compared to Net Income of $47 million in the prior year period, and year-to-date 2026 Net Loss of $5 million, compared to Net Income of $74 million in the prior year period, including $153 million of pre-tax Markel Fronting Arrangement transitional costs Second quarter 2026 Adjusted EBITDA (a non-GAAP measure) increased 3% year-over-year to $75 million, compared to $73 million in the prior year period, and year-to-date 2026 Adjusted EBITDA increased 32% year-over-year to $160 million, compared to $121 million in the prior year period Second quarter 2026 Basic and Diluted Loss Per Share were $(0.02), and year-to-date 2026 Basic and Diluted Loss Per Share were $(0.08) Second quarter 2026 Adjusted Diluted Loss Per Share (a non-GAAP measure) was $(0.02), and year-to-date 2026 Adjusted Diluted Loss Per Share was $(0.05) First half 2026 Cash Flow from Operating Activities increased 91% to $186 million The Company had $298 million of unrestricted cash and $216 million of total debt, $88 million of which was back leverage for Broad Arrow Capital's portfolio of loans collateralized by collector cars The definitions and reconciliations of non-GAAP financial measures are provided under the heading Key Performance Indicators and Non-GAAP Financial Measures at the end of this press release.

INCREASED 2026 OUTLOOK - COMPOUNDING GROWTH

We believe 2026 is on track to be another great year of underlying profit growth for Hagerty as our team executes on our long-term plan to deliver compounding premium growth through investing in our long-term competitive advantages with our member-centric approach. As of January 1, 2026, we moved to a 100% quota share arrangement with our long-term partner, Markel, where we retain 100% of the premium and risk from our high-quality, historically low volatility underwriting. We also remain focused on delivering this growth more efficiently through the benefits of scale, continued cost discipline, and investments in our technology platform.

For full year 2026, Hagerty anticipates: Written Premium growth of 16% to 17% Total Revenue change of (9)% to (8)%, as Markel-related commission revenue is eliminated under the Markel Fronting Arrangement1 Net Income of $18 million to $30 million, including ~$199 million of Markel Fronting Arrangement transitional costs2 Adjusted EBITDA of $270 million to $280 million

 Prior 2026 Outlook1 ($)

Revised 2026 Outlook ($)

in thousands

2025 Results

Low End

High End

Low End

High End

Total Written Premium

$1,193,548

$1,373,000

$1,385,000

$1,385,000

$1,397,000

Total Revenue2

$1,456,389

$1,280,000

$1,300,000

$1,325,000

$1,340,000

Net Income3, 4

$149,225

$(51,000)

$(41,000)

$18,000

$30,000

Adjusted EBITDA5

$236,791

$236,000

$247,000

$270,000

$280,000

1

Prior 2026 Outlook shared on the Company's first quarter earnings call on May 6th, 2026.

2

Revenue guidance reflects the accounting impact of the Markel Fronting Arrangement. Beginning in 2026, we now control the Essentia book of business with the benefit of our MGA services received by Hagerty Re and not Essentia. As a result, commission revenue and the associated ceding commission expense for policies issued through the Markel Fronting Arrangement are now eliminated in consolidation. Although we expect the arrangement to result in increased profitability (as reflected in Adjusted EBITDA), reported commission revenue and ceding commission expense will be significantly lower than prior periods, affecting period-to-period comparability. 2025 commission revenue associated with our alliance agreement with Markel was $437 million and 2025 ceding commission expense related to the Company's reinsurance quota share agreement with Markel was $344 million.

3

The projected Net Income includes approximately $199 million of pre-tax transitional costs related to the Markel Fronting Arrangement representing deferred ceding commissions paid to Markel for policies written prior to January 1, 2026, which will be fully amortized ratably over the remaining term of those policies throughout 2026. This amortization will decline to $37 million in Q3 2026 and approximately $9 million in Q4 2026 as 2025 policies expire. Excluding these transitional costs, we expect 2026 to reflect underlying profitability improvement.

4

Full year 2025 Net Income includes (i) the benefit from the $42 million release of a portion of our valuation allowance, partially offset by a $32 million loss related to the change in value of the TRA liability; and (ii) a $21 million reduction in reserves in the fourth quarter, primarily related to favorable development for the 2024 accident year and improvement in current accident year experience.

5

See section "Key Performance Indicators and Non-GAAP Financial Measures" below for additional information regarding this non-GAAP financial measure.

Conference Call Details

Hagerty will hold a conference call to discuss the financial results on Wednesday, August 5, 2026 10:00 am Eastern Time. A webcast of the conference call, including its Investor Presentation highlighting second quarter 2026 financial results, will be available on Hagerty's investor relations website at investor.hagerty.com. The dial-in for the conference call is (877) 423-9813 (toll-free) or (201) 689-8573 (international). Please dial the number 10 minutes prior to the scheduled start time.

A webcast replay of the call will be available at investor.hagerty.com following the call.

Forward-Looking Statements

This press release contains statements that constitute "forward-looking statements" within the meaning of the federal securities laws. All statements we provide, other than statements of historical fact, are forward-looking statements, including those regarding Hagerty's future operating results and financial position, Hagerty's business strategy and plans, products, services, and technology implementations, market conditions, growth and trends, expansion plans and opportunities, and Hagerty's objectives for future operations. The words "anticipate," "believe," "envision," "estimate," "expect," "intend," "may," "plan," "predict," "project," "target," "potential," "will," "would," "could," "should," "continue," "ongoing," "contemplate," and similar expressions, and the negatives of these expressions, are intended to identify forward-looking statements. 

Hagerty has based these forward-looking statements largely on current expectations about future events, which may not materialize. Actual results could differ materially and adversely from those anticipated or implied in forward-looking statements. These factors include, among other things, Hagerty's ability to: (i) compete effectively within Hagerty's industry and attract and retain insurance policyholders and paid Hagerty Drivers Club ("HDC") subscribers; (ii) maintain key strategic relationships with Hagerty's insurance distribution and underwriting carrier partners; (iii) prevent, monitor, and detect fraudulent activity; (iv) manage risks associated with disruptions, interruptions, outages, or other issues with Hagerty's technology platforms or use of third-party services; (v) accelerate the adoption of Hagerty's membership and marketplace products and services, as well as any new insurance programs and products offered; (vi) successfully implement the fronting arrangement consummated with Markel and realize the anticipated benefits while also managing the increased exposure to underwriting volatility, catastrophes, reinsurance counterparty risk, and legal, compliance, and regulatory risks resulting from the shift to Hagerty Re assuming 100% of the risk for policies written through this arrangement; (vii) underwrite and price new products, including Enthusiast+, consistent with expected loss ratios and risk tolerances; (viii) execute Broad Arrow's private sale, auction, and financing strategies; (ix) complete the acquisition of Bennetts Motorcycling Services Limited ("Bennetts") on the expected terms or timeline, or at all, or realize the anticipated benefits of the Bennetts acquisition, including expected earnings enhancements and synergies; (x) achieve Hagerty's investment objectives and avoid losses in the investment portfolio; (xi) manage the cyclical nature of the insurance business and broader macroeconomic conditions, including inflation, interest rates, and potential recessionary pressures; (xii) address unexpected increases in the frequency or severity of claims, including catastrophe losses; and (xiii) comply with numerous laws and regulations applicable to Hagerty's business, including without limitation state, federal, and foreign laws relating to insurance and rate increases, privacy and cybersecurity, marketing and advertising, digital services, accounting matters, tax, anti-money laundering, and economic sanctions.

The forward-looking statements in this release represent Hagerty's views as of the date hereof. You should not rely on forward-looking statements as predictions of future events. We operate in a very competitive and rapidly changing environment and new risks emerge from time to time. This presentation should be read in conjunction with the information included in filings with the SEC and press releases. Understanding the information contained in these filings is important in order to fully understand Hagerty's reported financial results and business outlook for future periods. In addition, this press release contains certain "non-GAAP financial measures". The non-GAAP measures are presented for supplemental informational purposes only. These financial measures are not recognized measures under GAAP and should not be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. Reconciliations to the most directly comparable financial measure calculated and presented in accordance with GAAP are provided in the appendix to this press release.

About Hagerty, Inc. (NYSE: HGTY)

Hagerty is a company built by drivers for drivers, protecting 3.0 million vehicles in the United States, Canada and the UK. We make it easier and more enjoyable for car enthusiasts to drive and celebrate the vehicles they love through innovative vehicle insurance products, live and digital auctions, engaging media and events, and the Hagerty Drivers Club, the world's largest membership community of car lovers.

For more information, please visit www.hagerty.com or www.newsroom.hagerty.com. Never Stop Driving®.

Category: Financial

Source: Hagerty

Hagerty, Inc.

Condensed Consolidated Statements of Operations (Unaudited)

Three months ended June 30,

2026

2025

$ Change

% Change

REVENUES:

in thousands (except percentages and per share amounts)

Earned premium, net

$    251,956

$    177,785

$      74,171

41.7 %

Commission and fee revenue

23,665

143,287

(119,622)

(83.5) %

Marketplace revenue

39,658

26,886

12,772

47.5 %

Membership and other revenue

21,361

20,741

620

3.0 %

Net investment income

11,003

9,416

1,587

16.9 %

Net investment gains

7,179

1,194

5,985

N/M

Total revenue

354,822

379,309

(24,487)

(6.5) %

EXPENSES:

Losses and loss adjustment expenses, net

110,709

75,213

35,496

47.2 %

Policy acquisition costs, net

83,641

82,938

703

0.8 %

Underwriting and other insurance expenses

62,947

1,222

61,725

N/M

Selling, general, and administrative expenses

95,265

161,627

(66,362)

(41.1) %

Interest expense and other, net

28

4,946

(4,918)

(99.4) %

Total expenses

352,590

325,946

26,644

8.2 %

INCOME BEFORE TAXES

2,232

53,363

(51,131)

(95.8) %

Income tax (expense) benefit

5,809

(6,161)

11,970

194.3 %

NET INCOME

8,041

47,202

(39,161)

(83.0) %

Net income attributable to non-controlling interest

(7,761)

(36,229)

28,468

78.6 %

Accretion of Series A Convertible Preferred Stock

(1,948)

(1,875)

73

3.9 %

NET INCOME (LOSS) ATTRIBUTABLE TO CLASS A
COMMON STOCKHOLDERS

$      (1,668)

$       9,098

$    (10,766)

(118.3) %

Earnings (loss) per share of Class A Common Stock:

Basic

$       (0.02)

$         0.09

Diluted

$       (0.02)

$         0.09

Weighted average shares of Class A Common Stock
outstanding:

Basic

101,797

90,698

Diluted

101,797

90,698

____________________

N/M = Not meaningful

Hagerty, Inc.

Condensed Consolidated Statements of Operations (Unaudited)

Six months ended June 30,

2026

2025

$ Change

% Change

REVENUES:

in thousands (except percentages and per share amounts)

Earned premium, net

$    491,598

$    347,140

$    144,458

41.6 %

Commission and fee revenue

40,100

243,574

(203,474)

(83.5) %

Marketplace revenue

65,310

55,972

9,338

16.7 %

Membership and other revenue

43,488

41,606

1,882

4.5 %

Net investment income

21,266

18,474

2,792

15.1 %

Net investment gains

4,890

879

4,011

N/M

Total revenue

666,652

707,645

(40,993)

(5.8) %

EXPENSES:

Losses and loss adjustment expenses, net

208,628

146,343

62,285

42.6 %

Policy acquisition costs, net

185,563

160,271

25,292

15.8 %

Underwriting and other insurance expenses

122,535

2,579

119,956

N/M

Selling, general, and administrative expenses

167,681

305,672

(137,991)

(45.1) %

Interest expense and other, net

950

6,635

(5,685)

(85.7) %

Total expenses

685,357

621,500

63,857

10.3 %

INCOME (LOSS) BEFORE TAXES

(18,705)

86,145

(104,850)

(121.7) %

Income tax (expense) benefit

14,001

(11,650)

25,651

N/M

NET INCOME (LOSS)

(4,704)

74,495

(79,199)

(106.3) %

Net (income) loss attributable to non-controlling interest

493

(55,151)

55,644

100.9 %

Accretion of Series A Convertible Preferred Stock

(3,978)

(3,750)

228

6.1 %

NET INCOME (LOSS) ATTRIBUTABLE TO CLASS A
COMMON STOCKHOLDERS

$      (8,189)

$      15,594

$    (23,783)

(152.5) %

Earnings (loss) per share of Class A Common Stock:

Basic

$       (0.08)

$         0.16

Diluted

$       (0.08)

$         0.16

Weighted average shares of Class A Common Stock
outstanding:

Basic

101,418

90,374

Diluted

101,418

91,247

____________________

N/M = Not meaningful

Hagerty, Inc.

Condensed Consolidated Balance Sheets (Unaudited)

June 30,

December 31,

2026

2025

ASSETS

in thousands (except share amounts)

Fixed maturity securities available-for-sale, at fair value (amortized cost: $702,483 and $687,813
as of June 30, 2026 and December 31, 2025, respectively)

$           701,561

$           696,271

Equity securities, at fair value

54,945

34,871

Total investments

756,506

731,142

Cash and cash equivalents

298,302

160,177

Restricted cash and cash equivalents

169,333

138,823

Accounts receivable

27,313

98,872

Premiums receivable

120,382

180,529

Deferred acquisition costs, net

100,196

179,224

Reinsurance recoverables

12,346

15,296

Prepaid reinsurance premiums

49,846

21,950

Notes receivable

153,302

113,887

Intangible assets, net

89,315

88,915

Goodwill

114,134

114,164

Deferred tax assets

48,021

43,011

Other assets

209,435

207,986

TOTAL ASSETS

$         2,148,431

$         2,093,976

LIABILITIES, TEMPORARY EQUITY AND STOCKHOLDERS' EQUITY

Accounts payable and accrued expenses

$            89,829

$           111,947

Advance premiums

50,108

28,287

Due to insurers

27,100

94,930

Losses payable and reserves for unpaid losses and loss adjustment expenses

241,705

264,204

Unearned premiums

598,217

412,058

Ceding commissions payable

6,133

86,165

Debt, net

215,951

177,907

Contract liabilities

50,841

46,450

Deferred tax liability

244

23,489

Tax receivable agreement liability

38,284

39,829

Other liabilities

95,213

61,684

TOTAL LIABILITIES

1,413,625

1,346,950

Commitments and Contingencies

—

—

TEMPORARY EQUITY

Preferred stock, $0.0001 par value (20,000,000 shares authorized, 8,483,561 Series A
Convertible Preferred Stock issued and outstanding as of June 30, 2026 and December 31, 2025) 1

84,996

86,618

STOCKHOLDERS' EQUITY

Class A Common Stock, $0.0001 par value (500,000,000 shares authorized, 101,804,938 and
100,706,893 issued and outstanding as of June 30, 2026 and December 31, 2025, respectively)

10

10

Class V Common Stock, $0.0001 par value (300,000,000 authorized, 241,552,156 shares
issued and outstanding as of June 30, 2026 and December 31, 2025)

24

24

Additional paid-in capital

623,664

623,013

Accumulated earnings (deficit)

(407,171)

(402,960)

Accumulated other comprehensive income (loss)

(1,068)

1,229

Total stockholders' equity

215,459

221,316

Non-controlling interest

434,351

439,092

Total equity

649,810

660,408

TOTAL LIABILITIES, TEMPORARY EQUITY AND STOCKHOLDERS' EQUITY

$         2,148,431

$         2,093,976

____________________

1 The Series A Convertible Preferred Stock is recorded within Temporary Equity because it has equity conversion and cash redemption features.

Hagerty, Inc.

Condensed Consolidated Statements of Cash Flows (Unaudited)

Six months ended June 30,

2026

2025

OPERATING ACTIVITIES:

in thousands

Net income (loss)

$            (4,704)

$            74,495

Adjustments to reconcile net income (loss) to net cash from operating activities:

Loss on disposals of equipment, software, and other assets

241

1,211

Change in TRA Liability

—

3,078

Depreciation and amortization

19,422

18,321

Provision for deferred taxes

(26,199)

2,061

Share-based compensation expense

9,710

9,538

Non-cash lease expense

4,174

4,226

Net investment gains

(4,890)

(879)

(Accretion) amortization of discount and premium, net

(1,377)

(2,316)

Amortization of gain on loss portfolio transfer

(2,940)

—

Other

795

355

Changes in assets and liabilities:

Accounts and premiums receivable

128,383

(142,560)

Deferred acquisition costs, net

79,028

(21,964)

Reinsurance recoverables

2,950

(10,390)

Prepaid reinsurance premiums

(27,896)

(7,325)

Advance premiums

21,920

10,590

Due to insurers

(67,278)

68,256

Losses payable and reserves for unpaid losses and loss adjustment expenses

(22,499)

(7,828)

Unearned premiums

186,159

52,957

Ceding commissions payable

(80,032)

35,691

Other assets and liabilities, net

(28,810)

10,197

Net Cash Provided by Operating Activities

186,157

97,714

INVESTING ACTIVITIES:

Capital expenditures

(15,954)

(11,549)

Issuance of notes receivable

(92,151)

(26,617)

Collection of notes receivable

55,261

8,091

Purchases of fixed maturity securities

(228,418)

(98,455)

Purchases of equity securities

(51,041)

(347)

Proceeds from maturities and sales of fixed maturity securities

214,809

96,811

Proceeds from sales of equity securities

35,405

378

Other investing activities

(613)

(151)

Net Cash Used in Investing Activities

(82,702)

(31,839)

FINANCING ACTIVITIES:

Repayments of debt

(61,806)

(124,493)

Proceeds from debt, net of issuance costs

100,825

192,339

Proceeds from loss portfolio transfer

50,500

—

Claims payments made from loss portfolio transfer

(13,259)

—

Distributions paid to non-controlling interest unit holders

(837)

(30,380)

Payment of Series A Convertible Preferred Stock dividends

(5,600)

(5,600)

Funding of TRA Liability payments

(1,545)

(223)

Funding of employee tax obligations upon vesting of share-based payments

(3,251)

(2,452)

Other financing activities

309

289

Net Cash Provided by Financing Activities

65,336

29,480

Effect of exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents

(156)

2,386

Change in cash and cash equivalents and restricted cash and cash equivalents

168,635

97,741

Beginning cash and cash equivalents and restricted cash and cash equivalents

299,000

232,845

Ending cash and cash equivalents and restricted cash and cash equivalents

$          467,635

$          330,586

Key Performance Indicators and Non-GAAP Financial Measures

Key Performance Indicators

The tables below present a summary of our Key Performance Indicators, which include important operational metrics, as well as certain financial measures prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") and non-GAAP financial measures. We use these Key Performance Indicators to evaluate our business, measure our performance, identify trends against planned initiatives, prepare financial projections, and make strategic decisions. We believe these Key Performance Indicators are useful in evaluating our performance when read together with our Condensed Consolidated Financial Statements prepared in accordance with GAAP.

Three months ended June 30,

2026

2025

Change

GAAP Financial Measures

dollars in thousands (except per share amounts)

Total revenue 1

$   354,822

$  379,309

$   (24,487)

(6.5) %

Income before taxes

$       2,232

$    53,363

$   (51,131)

(95.8) %

Net income

$       8,041

$    47,202

$   (39,161)

(83.0) %

Net income (loss) attributable to Class A Common
Stockholders

$     (1,668)

$      9,098

$   (10,766)

(118.3) %

Basic earnings (loss) per share ("EPS")

$       (0.02)

$        0.09

$       (0.11)

(122.2) %

Diluted EPS

$       (0.02)

$        0.09

$       (0.11)

(122.2) %

Non-GAAP Financial Measures

Adjusted EBITDA

$    74,505

$    72,645

$      1,860

2.6 %

Adjusted Net Income (Loss)

$     (6,188)

$    43,450

$   (49,638)

(114.2) %

Adjusted Diluted EPS

$       (0.02)

$        0.12

$       (0.14)

(116.7) %

Insurance Operational Metrics

Total Written Premium

$   424,502

$   355,985

$    68,517

19.2 %

Net Assumed Premium

$   333,152

$   236,603

$    96,549

40.8 %

Hagerty Re Loss Ratio

42.7 %

42.3 %

0.4 %

N/M

Hagerty Re Combined Ratio

89.6 %

89.6 %

— %

N/M

New Business Count — Insurance

166,951

87,872

79,079

90.0 %

Marketplace Operational Metrics

Aggregate Auction Sales

$   104,446

$    49,408

$    55,038

111.4 %

Net Auction Sales

$     94,374

$    44,837

$    49,537

110.5 %

Private Sales

$     44,136

$  114,776

$   (70,640)

(61.5) %

BAC Average Loan Portfolio

$   146,363

$    81,233

$    65,130

80.2 %

____________________

N/M = Not meaningful

1

Total Revenue for the three months ended June 30, 2025 has been recast to include "Net investment income" and "Net investment gains" as components of revenue in accordance with the Article 7 reporting standards adopted in 2025. Total revenue as previously presented in accordance with Article 5 was $369 million for the three months ended June 30, 2025.

Six months ended June 30,

2026

2025

Change

GAAP Financial Measures

dollars in thousands (except per share amounts)

Total revenue 1

$  666,652

$  707,645

$    (40,993)

(5.8) %

Income (loss) before taxes

$   (18,705)

$    86,145

$  (104,850)

(121.7) %

Net income (loss)

$     (4,704)

$    74,495

$    (79,199)

(106.3) %

Net income (loss) attributable to Class A Common
Stockholders

$    (8,189)

$    15,594

$   (23,783)

(152.5) %

Basic EPS

$      (0.08)

$        0.16

$       (0.24)

(150.0) %

Diluted EPS

$      (0.08)

$        0.16

$       (0.24)

(150.0) %

Non-GAAP Financial Measures

Adjusted EBITDA

$  159,690

$  120,796

$    38,894

32.2 %

Adjusted Net Income (Loss)

$   (19,332)

$    68,802

$   (88,134)

(128.1) %

Adjusted Diluted EPS

$       (0.05)

$        0.19

$       (0.24)

(126.3) %

Insurance Operational Metrics

Total Written Premium

$   713,448

$   600,312

$   113,136

18.8 %

Net Assumed Premium

$   650,498

$   392,254

$   258,244

65.8 %

Hagerty Re Loss Ratio

40.6 %

42.2 %

(1.6) %

N/M

Hagerty Re Combined Ratio

88.1 %

89.1 %

(1.0) %

N/M

New Business Count — Insurance

278,847

143,181

135,666

94.8 %

Marketplace Operational Metrics

Aggregate Auction Sales

$   239,825

$   124,744

$   115,081

92.3 %

Net Auction Sales

$   217,810

$   113,050

$  104,760

92.7 %

Private Sales

$     80,966

$   168,445

$   (87,479)

(51.9) %

BAC Average Loan Portfolio

$   141,472

$     72,009

$    69,463

96.5 %

____________________

N/M = Not meaningful

1

Total Revenue for the six months ended June 30, 2025 has been recast to include "Net investment income" and "Net investment gains" as components of revenue in accordance with the Article 7 reporting standards adopted in 2025. Total revenue as previously presented in accordance with Article 5 was $688 million for the six months ended June 30, 2025.

June 30,

2026

2025

Change

Insurance Operational Metrics

dollars in thousands

Policies in Force

1,855,649

1,559,798

295,851

19.0 %

Policies in Force Retention

88.2 %

88.7 %

(0.5) %

N/M

Vehicles in Force

3,031,566

2,664,611

366,955

13.8 %

HDC Paid Member Count

961,929

907,963

53,966

5.9 %

Marketplace Operational Metrics

BAC Loan Portfolio Balance

$   146,550

$    84,515

$    62,035

73.4 %

____________________

N/M = Not meaningful

Adjusted EBITDA

We define EBITDA as consolidated Net income (loss), excluding Interest expense and other, net, Income tax expense (benefit), and Depreciation and amortization. We define Adjusted EBITDA as EBITDA, further adjusted to (i) exclude net investment gains and losses; (ii) deduct interest expense related to the State Farm Term Loan; (iii) exclude share-based compensation expense; and when applicable, exclude (iv) restructuring, impairment and related charges; (v) gains, losses and impairments related to divestitures; and (vi) certain other unusual items, such as Markel Fronting Arrangement transitional costs during the three and six months ended June 30, 2026.

How This Measure is Useful

When used in conjunction with GAAP financial measures, Adjusted EBITDA is a supplemental measure of operating performance that we believe is a useful measure to evaluate our performance period over period and relative to our competitors and peers. Management uses Adjusted EBITDA to evaluate our operating performance on a consistent basis, as it removes the impact of items not directly resulting from our core operations. We believe the presentation of Adjusted EBITDA provides securities analysts, investors, and other interested parties with a supplemental view of our operating performance that enhances their understanding of our business and our results of operations, as well as assisting investors in evaluating how well we are executing our strategic initiatives.

Limitations of the Usefulness of This Measure

Adjusted EBITDA may differ from similarly titled measures used by other companies due to different methods of calculation, which could reduce the usefulness of this non-GAAP financial measure when comparing our performance to that of other companies. Presentation of Adjusted EBITDA should not be considered in isolation or a substitute for, or superior to, the financial information prepared in accordance with GAAP. A reconciliation of Adjusted EBITDA to Net income (loss), the most directly comparable GAAP measure, is presented below.

Three months ended

June 30,

Six months ended

June 30,

2026

2025

2026

2025

in thousands

Net income (loss)

$       8,041

$      47,202

$      (4,704)

$      74,495

Interest expense and other, net 1

28

4,946

950

6,635

Income tax expense (benefit)

(5,809)

6,161

(14,001)

11,650

Depreciation and amortization

9,716

8,833

19,422

18,321

EBITDA

11,976

67,142

1,667

111,101

Net investment gains

(7,179)

(1,194)

(4,890)

(879)

Interest expense related to State Farm Term Loan 2

(515)

(515)

(1,030)

(1,030)

Share-based compensation expense

5,093

5,146

9,710

9,538

Markel Fronting Arrangement transitional costs 3

64,111

—

153,069

—

Other unusual items 4

1,019

2,066

1,164

2,066

Adjusted EBITDA

$      74,505

$      72,645

$    159,690

$    120,796

____________________

1

Excludes interest expense related to the BAC Credit Facility, which is recorded within "Selling, general, and administrative expenses" in the Condensed Consolidated Statements of Operations.

2

Interest expense related to the State Farm Term Loan is charged against Adjusted EBITDA as it is directly attributable to the operations of Hagerty Re.

3

Represents the amortization of deferred ceding commissions paid to Markel for policies written prior to January 1, 2026. These costs relate exclusively to policies written prior to our entry into the Markel Fronting Arrangement and are being fully amortized ratably over the remaining term of those policies through December 31, 2026. The amortization of these deferred ceding commissions was $89 million in the first quarter of 2026, $64 million in the second quarter of 2026, and we expect it to decline to approximately $37 million in the third quarter of 2026 and approximately $9 million in the fourth quarter of 2026 as the remaining 2025 policy terms run off. Management excludes these costs from Adjusted EBITDA because they are transitional charges related solely to deferred ceding commissions on policies written prior to January 1, 2026, are expected to run off by December 31, 2026, and are not indicative of our ongoing operating performance under the Markel Fronting Arrangement.

4

For the three months ended June 30, 2026, other unusual items includes professional fees related to the pending acquisition of Bennetts. For the six months ended June 30, 2026, other unusual items includes professional fees related to the pending acquisition of Bennetts and additional severance expenses associated with the actions taken in the fourth quarter of 2025. For the three and six months ended June 30, 2025, other unusual items includes certain legal settlement expenses, professional fees associated with the THG Unit Exchange and related secondary offering, and certain material severance expenses.

As a result of our transition to Article 7 reporting standards, Net investment income is reported as a component of revenue and is no longer an adjustment in our reconciliation from Net income (loss) to Adjusted EBITDA. In addition, interest expense related to the State Farm Term Loan is now deducted from Adjusted EBITDA as it is directly attributable to Hagerty Re, which generates a significant portion of our net investment income. The following table presents a reconciliation of Adjusted EBITDA as presented in the prior period in accordance with Article 5, to the current presentation in accordance with Article 7:

Three months ended

Six months ended

June 30, 2025

June 30, 2025

in thousands

Prior presentation of Adjusted EBITDA

$                 63,744

$              103,352

Net investment income

9,416

18,474

Interest expense related to State Farm Term Loan

(515)

(1,030)

Current presentation of Adjusted EBITDA

$                72,645

$              120,796

The following table reconciles Adjusted EBITDA for the year ended December 31, 2026 Outlook to the most directly comparable GAAP measure, which is Net income:

2026 Low

2026 High

in thousands

Net income

$           18,000

$          30,000

Interest expense and other, net 1

5,000

5,000

Income tax benefit

(11,000)

(13,000)

Depreciation and amortization

40,000

40,000

Share-based compensation expense

19,000

19,000

Markel Fronting Arrangement transitional costs 2

199,000

199,000

Adjusted EBITDA

$         270,000

$         280,000

____________________

1

Excludes interest expense related to the BAC Credit Facility, which is recorded within "Selling, general, and administrative expenses" in the Condensed Consolidated Statements of Operations.

2

Represents the amortization of deferred ceding commissions paid to Markel for policies written prior to January 1, 2026. These costs relate exclusively to policies written prior to our entry into the Markel Fronting Arrangement and are being fully amortized ratably over the remaining term of those policies through December 31, 2026. The amortization of these deferred ceding commissions was $89 million in the first quarter of 2026, $64 million in the second quarter of 2026, and we expect it to decline to approximately $37 million in the third quarter of 2026 and approximately $9 million in the fourth quarter of 2026 as the remaining 2025 policy terms run off. Management excludes these costs from Adjusted EBITDA because they are transitional charges related solely to deferred ceding commissions on policies written prior to January 1, 2026, are expected to run off by December 31, 2026, and are not indicative of our ongoing operating performance under the Markel Fronting Arrangement.

Adjusted Net Income (Loss) and Adjusted Diluted EPS

Adjusted Net Income (Loss) represents Net income (loss) attributable to Class A Common Stockholders, assuming the full exchange of all outstanding THG units and Series A Convertible Preferred Stock for shares of Class A Common Stock, adjusted to exclude (i) net investment gains and losses; and when applicable, (ii) changes in the TRA Liability; (iii) gains and losses related to divestitures; and (iv) certain other unusual items. Adjusted Diluted EPS is calculated by dividing Adjusted Net Income (Loss) by the weighted average shares of Class A Common Stock outstanding, assuming the full exchange of all outstanding THG units, Series A Convertible Preferred Stock, and unvested share-based compensation awards.

How These Measures Are Useful

When used in conjunction with GAAP financial measures, Adjusted Net Income (Loss) and Adjusted Diluted EPS are supplemental measures of operating performance that we believe are useful measures to evaluate our performance period over period and relative to our competitors and peers. Management uses Adjusted Net Income (Loss) and Adjusted Diluted EPS to evaluate our operating performance on a consistent basis, as it removes the impact of items not directly resulting from our core operations. We believe these measures provide securities analysts, investors, and other interested parties with a supplemental view of our operating performance that enhances their understanding of our business and results of operations that may not otherwise be apparent when relying solely on GAAP measures. By assuming the full exchange of all outstanding THG units and Series A Convertible Preferred Stock, we believe these measures facilitate comparisons with other companies that have different organizational and tax structures, as well as comparisons period over period because it eliminates the effect of any changes in Net income (loss) attributable to Class A Common Stockholders driven by increases in Hagerty, Inc.'s ownership in THG, which is unrelated to our operating performance, and excludes items that are unusual or may not be indicative of our ongoing performance.

Limitations of the Usefulness of These Measures

Adjusted Net Income (Loss) and Adjusted Diluted EPS may differ from similarly titled measures used by other companies due to different methods of calculation, which could reduce the usefulness of this non-GAAP financial measure when comparing our performance to that of other companies. Presentation of Adjusted Net Income (Loss) and Adjusted Diluted EPS should not be considered in isolation or a substitute for, or superior to, the financial information prepared in accordance with GAAP. While these measures are useful in evaluating our performance, they assume the full exchange of all outstanding THG units and Series A Convertible Preferred Stock for shares of Class A Common Stock, which has not occurred and may not occur. Further, the adjustments made to arrive at Adjusted Net Income (Loss) exclude certain expenses and income that may recur in the future. Adjusted Net Income (Loss) and Adjusted Diluted EPS should be evaluated in conjunction with our GAAP financial results. A reconciliation of Adjusted Net Income (Loss) to Net income (loss) attributable to Class A Common Stockholders, the most directly comparable GAAP measure, and the computation of Adjusted Diluted EPS are presented below.

Three months ended

June 30,

Six months ended

June 30,

2026

2025

2026

2025

Numerator:

in thousands (except per share amounts)

Net income (loss) attributable to Class A Common
Stockholders

$      (1,668)

$       9,098

$      (8,189)

$      15,594

Adjustments:

Accretion of Series A Convertible Preferred Stock

1,948

1,875

3,978

3,750

Net income (loss) attributable to non-controlling interest

7,761

36,229

(493)

55,151

Net investment gains

(7,179)

(1,194)

(4,890)

(879)

Change in TRA Liability

—

3,078

—

3,078

Other unusual items 1

1,019

2,066

1,164

2,066

Tax impact of above adjustments 2

(8,069)

(7,702)

(10,902)

(9,958)

Adjusted Net Income (Loss)

$      (6,188)

$      43,450

$    (19,332)

$      68,802

Denominator:

Weighted average shares of Class A Common Stock
outstanding — Diluted

101,797

90,698

101,418

91,247

Adjustments:

Assumed exchange of non-controlling interest THG units
for shares of Class A Common Stock

245,001

255,105

245,051

255,138

Assumed conversion of shares of Series A Convertible
Preferred Stock into shares of Class A Common Stock

6,785

6,785

6,785

6,785

Assumed vesting of share-based compensation awards

7,951

8,580

7,979

7,404

Adjusted weighted average shares of Class A Common Stock
outstanding — Diluted

361,534

361,168

361,233

360,574

Adjusted Diluted EPS

$       (0.02)

$         0.12

$       (0.05)

$         0.19

Three months ended

June 30,

Six months ended

June 30,

2026

2025

2026

2025

Diluted EPS

$       (0.02)

$         0.09

$       (0.08)

$         0.16

Impact of assumed exchange, conversion, or vesting of
remaining potentially dilutive securities 3

0.04

0.04

0.07

0.05

Non-GAAP adjustments 4

(0.04)

(0.01)

(0.04)

(0.02)

Adjusted Diluted EPS

$       (0.02)

$         0.12

$       (0.05)

$         0.19

____________________

1

For the three months ended June 30, 2026, other unusual items includes professional fees related to the pending acquisition of Bennetts. For the six months ended June 30, 2026, other unusual items includes professional fees related to the pending acquisition of Bennetts and additional severance expenses associated with the actions taken in the fourth quarter of 2025. For the three and six months ended June 30, 2025, other unusual items includes certain legal settlement expenses, professional fees associated with the THG Unit Exchange and related secondary offering, and certain material severance expenses.

2

Represents the tax effect of the aforementioned adjustments to reflect corporate income taxes at an estimated effective tax rate of (58.0)% and 24.2% for the three months ended June 30, 2026 and 2025, respectively, and 13.8% and 23.9% for the six months ended June 30, 2026 and 2025, respectively, which considers the U.S. federal statutory rate of 21%, a combined state income tax rate of approximately 5% (net of federal benefits and required valuation allowances), and certain material permanent items.

3

Assumes the exchange of all outstanding THG units, Series A Convertible Preferred Stock, and unvested share-based compensation awards for shares of Class A Common Stock, resulting in the elimination of the non-controlling interest and recognition of the Net income (loss) attributable to non-controlling interest, as well as elimination of the accretion of Series A Convertible Preferred Stock.

4

Represents the per share impact of non-GAAP adjustments for each period. Refer to the reconciliation above for additional information.

Comparability Bridge

Due to the expanded underwriting and claims authority granted to us under the Markel Fronting Arrangement, we now control the Essentia book of business. While our U.S. MGA subsidiary and Hagerty Re continue to operate in the same manner they have historically, beginning on January 1, 2026, the benefit of our MGA services is being received by Hagerty Re and not Essentia. As a result, effective in the first quarter of 2026, we are no longer recognizing commission revenue or the associated ceding commission expense for Essentia-originated policies in our Condensed Consolidated Financial Statements. However, ceding commission expense associated with Essentia policies issued in 2025 will continue to be recognized ratably over the remaining term of those policies throughout 2026. In addition, policy acquisition costs incurred by our U.S. MGA subsidiary for Essentia policies issued in 2026 are being deferred and amortized over the policy term. Accordingly, our entry into the Markel Fronting Arrangement has reduced the period‑to‑period comparability of our Condensed Consolidated Financial Statements.

The following table provides a reconciliation of the standalone results of operations for our Hagerty Re and MGA+ reporting units for the three months ended June 30, 2026, which reflect the continuing operations of those businesses, to total insurance segment results of operations included in our Condensed Consolidated Statements of Operations:

Three months ended June 30, 2026

Hagerty Re:

Essentia
Policy Year
2025 (a)

Hagerty Re:

Essentia
Policy Year
2026 & Other
Carriers (b)

Hagerty Re
Total

MGA+ (c)

Consolidation
Entries

Insurance
Segment

REVENUES:

in thousands

Earned premium, net

$     157,365

$      94,591

$     251,956

$           —

$           —

$     251,956

Commission and fee revenue

—

167,213

(143,548)

(e)

23,665

Membership and other revenue

—

21,361

—

21,361

Net investment income

9,694

1,037

—

10,731

Net investment gains

7,179

—

—

7,179

Total revenue

268,829

189,611

(143,548)

314,892

EXPENSES:

Losses and loss adjustment expenses, net

107,522

3,187

(d)

—

110,709

Policy acquisition costs, net:

Ceding commission expense

71,614

38,959

110,573

—

(43,647)

(e)

66,926

Other policy acquisition costs

4,560

—

12,155

(f)

16,715

Underwriting and other insurance expenses

2,990

92,037

(d)

(32,080)

(f)

62,947

Selling, general, and administrative expenses

—

55,931

—

55,931

Interest expense and other, net

(1,118)

15

—

(1,103)

Total expenses

224,527

151,170

(63,572)

312,125

INCOME BEFORE TAXES

$      44,302

$      38,441

$     (79,976)

$       2,767

(g)

____________________

(a)

Represents Hagerty Re's earned premium and associated policy acquisition costs related to Essentia policies issued in 2025.

(b)

Represents Hagerty Re's earned premium and associated policy acquisition costs related to Essentia policies issued in 2026 and through other carriers.

(c)

The MGA+ reporting unit includes our MGA operations, as well as our membership, events, and media activities.

(d)

Our MGA subsidiaries incur costs to fulfill certain underwriting and claims handling functions on behalf of Hagerty Re, for which they are compensated through an intercompany commission paid by Hagerty Re. These costs are reflected within the standalone results of our MGA+ reporting unit within "Losses and loss adjustment expenses, net" and "Underwriting and other insurance expenses".

(e)

These consolidation entries are made to eliminate intercompany commission revenue and ceding commission expense between the Hagerty Re and MGA+ reporting units.

(f)

These consolidation entries are made to defer $32.1 million in policy acquisition costs incurred by the MGA+ reporting unit in their standalone results of operations, which are then amortized over the underlying policy term in our Condensed Consolidated Statements of Operations. For the three months ended June 30, 2026, the amortization of such deferred policy acquisition costs totaled $12.2 million.

(g)

This table is presented solely to improve the year-over-year comparability of our financial statements and should not be viewed on a standalone basis. It should be read together with our Condensed Consolidated Statements of Operations and the accompanying notes.

The following table provides a reconciliation of the standalone results of operations for our Hagerty Re and MGA+ reporting units for the six months ended June 30, 2026, which reflect the continuing operations of those businesses, to our Condensed Consolidated Statements of Operations. This table is presented solely to improve the year-over-year comparability of our financial statements and should not be viewed on a standalone basis. It should be read together with our Condensed Consolidated Statements of Operations and the accompanying notes.

Six months ended June 30, 2026

Hagerty Re:

Essentia
Policy Year
2025 (a)

Hagerty Re:

Essentia
Policy Year
2026 & Other
Carriers (b)

Hagerty Re
Total

MGA+ (c)

Consolidation
Entries

Insurance
Segment

REVENUES:

in thousands

Earned premium, net

$     375,638

$     115,960

$     491,598

$           —

$           —

$     491,598

Commission and fee revenue

—

287,449

(247,349)

(e)

40,100

Membership and other revenue

—

43,488

—

43,488

Net investment income

18,926

1,819

—

20,745

Net investment gains

4,890

—

—

4,890

Total revenue

515,414

332,756

(247,349)

600,821

EXPENSES:

Losses and loss adjustment
expenses, net

199,487

9,141

(d)

—

208,628

Policy acquisition costs, net:

Ceding commission expense

170,971

47,700

218,671

—

(55,188)

(e)

163,483

Other policy acquisition costs

5,787

—

16,293

(f)

22,080

Underwriting and other
insurance expenses

9,040

170,740

(d)

(57,245)

(f)

122,535

Selling, general, and
administrative expenses

—

102,797

—

102,797

Interest expense and other, net

(1,911)

792

—

(1,119)

Total expenses

431,074

283,470

(96,140)

618,404

INCOME (LOSS) BEFORE TAXES

$      84,340

$      49,286

$   (151,209)

$     (17,583)

(g)

____________________

(a)

Represents Hagerty Re's earned premium and associated policy acquisition costs related to Essentia policies issued in 2025.

(b)

Represents Hagerty Re's earned premium and associated policy acquisition costs related to Essentia policies issued in 2026 and through other carriers.

(c)

The MGA+ reporting unit includes our MGA operations, as well as our membership, events, and media activities.

(d)

Our MGA subsidiaries incur costs to fulfill certain underwriting and claims handling functions on behalf of Hagerty Re, for which they are compensated through an intercompany commission paid by Hagerty Re. These costs are reflected within the standalone results of our MGA+ reporting unit within "Losses and loss adjustment expenses, net" and "Underwriting and other insurance expenses".

(e)

These consolidation entries are made to eliminate intercompany commission revenue and ceding commission expense between the Hagerty Re and MGA+ reporting units.

(f)

These consolidation entries are made to defer $57.2 million in policy acquisition costs incurred by the MGA+ reporting unit in their standalone results of operations, which are then amortized over the underlying policy term in our Condensed Consolidated Statements of Operations. For the six months ended June 30, 2026, the amortization of such deferred policy acquisition costs totaled $16.3 million.

(g)

This table is presented solely to improve the year-over-year comparability of our financial statements and should not be viewed on a standalone basis. It should be read together with our Condensed Consolidated Statements of Operations and the accompanying notes.

SOURCE Hagerty

Grosse Pointe, Michigan, July 23, 2026 (GLOBE NEWSWIRE) -- Broad Arrow, driven by Hagerty (NYSE: HGTY), has added an incredible amount of horsepower to its inaugural edition of The Quail Auction with a thrilling lineup of exceedingly rare and luxuriously appointed modern hypercars and supercars. All set for the official auction of The Quail by The Peninsula, A Motorsports Gathering on August 13 and 14 in Carmel, California, the group is commanded by a 2025 Bugatti W16 Mistral, estimated to bring $8,000,000 to $10,000,000.

The Mistral on offer is a fantastic example of Bugatti’s ultimate open-air roadster and the final model powered by the marque’s potent quad-turbocharged 8.0-liter W16 engine. Producing 1,578 horsepower and mind-bending stats of zero-to-62 mph in 2.6 seconds with a 260-mph top speed, it remains the fastest recorded production roadster on the planet.

Strikingly specified in Matt Argent/Black Carbon over a Beluga Black and Tangerine interior, it is further enhanced by Bugatti Light Blue Sport accents throughout the vehicle alongside nearly $650,000 in bespoke appointments. One of a mere 99 examples produced, showing just 652 miles from new and recently serviced at Bugatti Beverly Hills, the Mistral is primed to become the crown jewel in any world-class collection of landmark hypercars. 

“Our lineup of incredible hypercars at The Quail Auction offers serious collectors their pick of truly the most visceral driving experiences today’s technology can afford,” says Alexander Weaver, VP and Senior Car Specialist for Broad Arrow. “This selection of cars also allows bidders to choose an aesthetic that suits their tastes, with both subtle and wild bespoke specifications on some of the most desirable performance cars on the planet. The W16 Mistral stands out from a very distinguished pack, preserving Bugatti’s sixteen-cylinder masterpiece and peerless luxury while adding an unobstructed, open-air connection from engine to driver.”

Joining the Mistral at Broad Arrow’s The Quail Auction is its open-top W16-powered predecessor, a 2011 Bugatti Veyron 16.4 Grand Sport (Estimate: $3,350,000 - $3,850,000). If the original Bugatti Veyron redefined the limits of the modern hypercar, the next logical step was to remove the roof. Introduced in 2008, the Veyron 16.4 Grand Sport debuted with a targa-top and an array of subtle but meaningful mechanical enhancements that brought a new level of open-air enjoyment to Bugatti’s genre-defining, record-breaking masterpiece. The example on offer is one of only 150 examples produced and is elegantly finished in White over a Saddle brown Nappa leather interior. Presented with 8,595 miles at cataloging, this is a desirable example of the benchmark hypercar of the 21st Century.

Beyond the Bugattis, The Quail Auction is set to feature an adrenaline-pumping, eye-catching selection of some of the collector car hobby’s most sought-after hypercars and performance icons, including:

2023 Hennessey Venom F5 Revolution Coupe (Estimate: $2,900,000 - $3,200,000)

One of just 24 examples of Hennessey’s most extreme track weapon to date, this Venom F5 Revolution Coupe is finished in a unique two-tone “Exposed Carbon Fade” exterior, a $404,000 option, and powered by a twin-turbocharged 6.6-liter V8 producing an astonishing 1,817 horsepower. Offered from single ownership and with just 508 miles, its window sticker, and factory “treasure chest” accessory crate, the Hennessey affords its next caretaker the rare luxury of choice. It is equally deserving of a place among the world’s foremost collections of contemporary hypercars as it is attacking the apexes of America’s greatest racing circuits.

The Collector’s Reserve

An open-air 2023 Hennessey Venom F5 Roadster (Estimate: $2,200,000 - $2,600,000) also joins The Quail Auction lineup as the headlining car in The Collector’s Reserve, an exciting group of 15 performance and supercars offered from a single owner and largely without reserve. The fifth of just 30 Venom F5 Roadsters built by Hennessey Special Vehicles of Sealy, Texas, this ultra-exclusive American hypercar was specified in Banner Green with $150,000 in optional paintwork, including the Exclusive Color Match program and Shark Grey accent livery. Also powered by a twin-turbocharged 6.6-liter “Fury” V8, the incredible machine is capable of zero-to62 mph in 2.6 seconds and zero-to-249 mph in an unbelievable 15.5 seconds. Presented in essentially as-delivered condition, the Venom F5 Roadster promises a driving experience that few machines can approach.

The remainder of The Collector’s Reserve features highly desirable performance and supercars from the market’s top marques, including Porsche, Ferrari, Mercedes-Benz, and Lamborghini. Highlights include a 2021 McLaren Elva (Estimate: $1,750,000 - $2,100,000), one of 149 examples produced and among the very few factory-equipped with the windshield. Showing just 600 miles, exceptionally specified through McLaren Special Operations Bespoke, and maintained exclusively by McLaren, this Elva stands among the finest examples of the model to come to market. The Elva is joined by a Paint to Sample Gulf Blue  2018 Porsche 911 GT2 RS Weissach Package (Estimate: $900,000 - $1,200,000 | Offered Without Reserve), a rare, highly collectible 1994 Porsche 911 Turbo 3.6 (Estimate: $700,000 - $900,000 | Offered Without Reserve), a wonderfully preserved 2005 Ferrari Superamerica (Estimate: $500,000 - $600,000 | Offered Without Reserve), and more.

2017 Ferrari F12tdf (Estimate: $3,300,000 - $3,800,000)

 Ferrari is well-represented within Broad Arrow’s supercar lineup as well, headlined by a 2017 Ferrari F12tdf, breathtakingly specified in Bianco Italia over a White leather/Nero Alcantara interior with a generous complement of carbon fiber and special options. Having had just two owners from new, just 1,060 miles recorded, and regularly serviced by Ferrari Dallas, this is a collector-grade example of the final Ferrari styled in collaboration with Pininfarina and among the most focused front-engined cars Maranello has ever built.

2019 McLaren Senna (Estimate: $2,350,000 - $2,850,000)

An exquisitely finished example of McLaren’s track-focused hypercar dedicated to the remarkable impact of legendary driver Ayrton Senna is also on offer at Broad Arrow’s Quail Auction; a 2019 McLaren Senna. Powered by the marque’s proven twin-turbocharged 4.0-liter V8, the Senna offers 789 horsepower and bespoke aerodynamics piloted from a racing-inspired cockpit. This is one of only three examples specified through McLaren Special Operations with the renowned McLaren F1 FINA livery, inspired by the famous McLaren F1 GTR Longtail chassis number 17R driven by Nelson Piquet—another Brazilian multiple Formula 1 World Champion—at the 1997 24 Hours of Le Mans.

Adding to the Senna lore to be celebrated at Broad Arrow’s 2026 The Quail Auction is a 1982 Ralt RT3 F3 ex-Ayrton Senna (Estimate: $500,000 - $700,000), perhaps the car that spawned one of the most successful and legendary careers in motorsport. The Ralt was driven to pole position, victory, and fastest lap by Ayrton Senna in his first-ever Formula 3 race at Thruxton in November 1982, after which he made the decision to choose racing over his family enterprise. The car has been beautifully restored, is highly eligible for premier historic single-seater events, and is believed to be the sole surviving Formula 3 car raced by Senna.

Additional information on the just-announced hypercars and on all lots in Broad Arrow’s inaugural edition of The Quail Auction can be found at broadarrowauctions.com. Collectors interested in registering to bid are invited to speak with a Broad Arrow car specialist via broadarrowauctions.com or by contacting [email protected] or +1 313-312-0780. Final exciting entries and the complete digital catalog will be available soon.

Editor’s Notes

Photo Captions/Credits: 

2025 Bugatti W16 Mistral (Credit – Robin Adams/Courtesy of Broad Arrow Auctions)2011 Bugatti Veyron 16.4 Grand Sport (Credit – Robin Adams/Courtesy of Broad Arrow Auctions)2023 Hennessey Venom F5 Revolution Coupe (Credit – Kevin McCauley/Courtesy of Broad Arrow Auctions)2023 Hennessey Venom F5 Roadster (Credit – Jordan Fry/Courtesy of Broad Arrow Auctions)2017 Ferrari F12tdf (Credit – Rasy Ran/Courtesy of Broad Arrow Auctions)2019 McLaren Senna (Credit – Robin Adams/Courtesy of Broad Arrow Auctions)1982 Ralt RT3 F3 ex-Ayrton Senna (Credit – Karissa Hosek/Courtesy of Broad Arrow Auctions) About Broad Arrow Auctions

Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), is a leading global collector car auction house founded in 2021 by industry veterans. As the fastest-growing auction house in its segment, Broad Arrow connects exceptional collector cars with enthusiasts worldwide through flagship events including The Broad Arrow Quail Auction (the official auction of The Quail by The Peninsula, A Motorsports Gathering), The Amelia Auction (the official auction of The Amelia Concours), The Porsche Auction in collaboration with Air | Water by Luftgekühlt, the Las Vegas Auction in partnership with Concours at Wynn Las Vegas, as well as international auctions held in partnership with Concorso d’Eleganza Villa d’Este, Zoute Grand Prix, and Auto Zürich.

Learn more at broadarrowauctions.com and follow us on Instagram, Facebook, LinkedIn, and Twitter.

About Hagerty, Inc. (NYSE: HGTY)

Hagerty is a company built by drivers for drivers, protecting 2.8 million vehicles in the United States, Canada and the UK. We make it easier and more enjoyable for enthusiasts to drive and celebrate the machines they love through innovative insurance products, live and digital auctions, engaging media and events, as well as the Hagerty Drivers Club, the world’s largest community of car lovers.  

For more information, please visit www.hagerty.com or www.newsroom.hagerty.com.   

Forward-Looking Statements - This press release contains statements that constitute “forward-looking statements” within the meaning of the federal securities laws. All statements provided, other than statements of historical fact, are forward-looking statements, including those regarding Hagerty’s future operating results and financial position, Hagerty’s business strategy and plans, products, services, and technology implementations, market conditions, growth and trends, expansion plans and opportunities, and Hagerty’s objectives for future operations. The words “anticipate,” “believe,” “envision,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue,” “ongoing,” “contemplate,” and similar expressions, and the negative of these expressions, are intended to identify forward-looking statements.

Hagerty has based these forward-looking statements largely on current expectations about future events, which may not materialize. Actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. These factors include, among other things, Hagerty’s ability to: (i) compete effectively within our industry and attract and retain our insurance policyholders and paid Hagerty Drivers Club (“HDC”) subscribers; (ii) maintain key strategic relationships with our insurance distribution and underwriting carrier partners; (iii) prevent, monitor, and detect fraudulent activity; (iv) manage risks associated with disruptions, interruptions, outages or other issues with our technology platforms or our use of third-party services; (v) accelerate the adoption of our membership and marketplace products and services, as well as any new insurance programs and products we offer; (vi) manage the cyclical nature of the insurance business, including through any periods of recession, economic downturn or inflation; (vii) address unexpected increases in the frequency or severity of claims, and (viii) comply with the numerous laws and regulations applicable to our business, including state, federal and foreign laws relating to insurance and rate increases, privacy, the internet, and accounting matters.

The forward-looking statements herein represent the judgment of Hagerty as of the date of this release and Hagerty disclaims any intent or obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. This press release should be read in conjunction with the information included in Hagerty’s other press releases, reports and other filings with the Securities and Exchange Commission. Understanding the information contained in these filings is important in order to fully understand Hagerty’s reported financial results and its business outlook for future periods.

2025 Bugatti W16 Mistral set to star at Broad Arrow's inaugural edition of The Quail Auction on August 13-14 2025 Bugatti W16 Mistral set to star at Broad Arrow's inaugural edition of The Quail Auction on August 13-14

Grosse Pointe, Michigan, July 21, 2026 (GLOBE NEWSWIRE) -- Broad Arrow, driven by Hagerty (NYSE: HGTY), is proud to present a selection of exceptional RUF, Porsche, and Singer models at its inaugural edition of The Quail Auction, the official auction of The Quail by The Peninsula, A Motorsports Gathering.

Among these highly desirable collector cars are a number of extremely rare RUF models, including one of only six RUF SCR ‘Mary Stuart’ examples. These will be joined by truly unique Singer commissions, as well as supercar icons of Porsche history such as the famous 959 Komfort and a 2015 918 Spyder.

These incredible RUF, Porsche, and Singer models will be among nearly 200 collector cars offered for sale at Broad Arrow’s inaugural edition of The Quail Auction. Taking place on Thursday August 13 and Friday August 14, the auction will feature some of the market’s most sought-after pre- and post-war classics, motorsport icons, supercars and modern collectibles, promising exciting bidding, a superb atmosphere, and the opportunity for collectors to acquire automobiles that have truly made their mark on motoring history.

“This is a wildly rare group of cars set for our auction at The Quail”, says Alexander Weaver, VP and Senior Car Specialist for Broad Arrow Auctions. “The RUF SCR “Mary Stuart” carries an incredible origin story, and as one of just six entirely made-to-order cars, delivered to a very well-known RUF collector, this is the one to chase. The iconic Porsche 959 speaks for itself, and the 918 Spyder is a fantastic example of a forward-thinking collector who specified the car in a way that almost predicted where the market was going. On top of all that, having a trio of Porsche 911s Reimagined by Singer in three different model configurations presents collectors with some of the most exclusive, bespoke offerings from the sought-after brand. We look forward to building on our reputation for exceptional Porsches at The Quail Auction.”

Leading a superbly curated selection of RUF collector cars is one of its rarest and newest models, a 2024 RUF SCR ‘Mary Stuart’ (Estimate: $2,500,000 - $2,800,000) Offered for the first time ever at auction, this highly exclusive, made-to-order RUF is one of only six SCR versions to be built in ‘Mary Stuart’ specification. The fascinating name comes from the high wraparound rear spoiler that Porsche fitted to its works Carrera RSR models in 1973, reminiscent of the high ruff collar worn by Mary, Queen of Scots. Finished in stunning Paint-to-Sample Ultra Violet, this 4.0-liter flat-six powered supercar has been driven only 176 miles at the time of cataloging. Along with its revered powertrain, it features a covetable specification with RUF-branded lightweight bucket seats, lightweight door panels, a custom valved exhaust and ‘Mary Stuart’ script on the rear shelf.

It is joined in the auction by one of the pillars of the RUF catalog a 1990 RUF BTR III Cabriolet (Estimate: $800,000 - $950,000). This rare final evolution of the BTR III, or Gruppe B Turbo RUF, represents the end of an era in which RUF firmly established itself as a world-class manufacturer. Featuring only 45,625 kilometers, this example is finished in Iris Blue Metallic with a Dark Blue leather interior and combines open-top cabriolet motoring with the performance for which RUF has become synonymous. Another icon of RUF history is a 1994 Porsche 911 RUF RCT EVO Speedster (Estimate: $800,000 - $950,000), one of very few Type 964 Speedsters to have been converted to RUF specification. Following a comprehensive restoration by RUF in 2015, it was given the desirable RUF Carrera Turbo (RCT) Evo conversion in 2024, making it a truly desirable derivative.

Equally desirable is a 1995 RUF RCT EVO (Estimate: $950,000 - $1,100,000), finished in iconic Guards Red over a black leather/Alcantara interior with only 55,123 miles on the odometer. Last but by no means least, is a 2013 RUF Rt35 (Estimate: $600,000 - $700,000), one of only 35 created to commemorate 35 years of turbocharged heritage and the first RUF model to be built on the Porsche 991 platform. This example, finished in Carrera White, is even rarer still as only a handful of open-top versions were created making this a truly historically significant RUF model.

1990 Porsche 911 Reimagined by Singer – Classic Turbo Services ‘Aurum Verde Commission’ (Estimate: $1,500,000 - $1,800,000 | Offered Without Reserve)

Since Rob Dickinson founded Singer Vehicle Design in 2009, the company has created some of the most desirable collector cars in the world. In 2022 it finally entered the world of turbocharging with the creation of Classic Turbo Services and the ‘Aurum Verde Commission’, finished in striking Nice Green Metallic over a Cognac leather interior with Pascha-style bespoke woven leather seat inserts, was one of its first. This incredible piece of Singer history was not only a press car featured in Top Gear and Evo magazines, but it also appeared at the Goodwood Festival of Speed and was tested at the notorious Nürburgring Nordschleife. It is presented having driven only 8,449 miles and benefits from a full factory refresh in 2025.

1990 Porsche 911 Coupe Reimagined by Singer ‘Los Angeles Commission’ (Estimate: $1,100,000 - $1,300,000)

This extremely desirable and entirely bespoke Classic Study has driven only 8,000 miles and is finished in stunning Paint-to-Sample Namib Yellow with ghosted racing stripes over a Bone White leather interior with Black leather contrast trim. Powered by an Ed Pink Racing-built 4.0-liter air-cooled flat-six, it benefits from Singer’s ‘Big’ Cams and Ceramic Plenum Inlet and features a six-speed manual transmission and a limited-slip differential. This glorious powertrain is complimented by Öhlins Sport two-way adjustable dampers, making the ‘Los Angeles Commission’ the perfect canyon car.

1990 Porsche 911 Targa Reimagined by Singer ‘Coconut Grove Commission’ (Estimate: $1,100,000 - $1,300,000)

Reimagined by Singer Classic Services created this unique ‘Coconut Grove Commission’ featuring Singer Racing White paintwork with a Ruby Targa top over a Dark Plum leather interior. As a Targa, it is among the rarest of Singer models and this example has been driven only 55 miles in the hands of its original owner, making it effectively as-new and a remarkable opportunity for any Singer or Porsche collector.

The Quail Auction will also feature some of the most iconic supercar models from Porsche history, including a rare 1988 Porsche 959 Komfort (Estimate: $2,650,000 - $2,950,000). Only 266 959 Komfort supercars were produced and this German-market example showing just 20,751 kilometers, is one of only 34 to be painted in Graphite Metallic. A full matching numbers example, it benefits from a comprehensive service, along with recommissioning and 959 suspension upgrade by Canepa in 2024 at a cost of over $240,000. It is supplied with its original three-piece toolkit, driver’s manual and Porsche-issued specification sheet and has previously been in the ownership of several prestigious collections. Another superb Porsche model offered for sale is a 1995 911 Turbo Cabriolet (Estimate: $700,000 - $900,000) from the renowned Todd Blue Collection. One of only 14 Exclusive Department 993-generation 911 Turbo Cabriolets produced, this Midnight Blue Metallic example is one of the rarest ever produced by Porsche and was unavailable in the U.S. when new, making it even rarer still.

For collectors of modern supercars, one of the most desirable is undoubtedly the Porsche 918 Spyder (Estimate: $3,250,000 - $3,750,000 | Offered Without Reserve) and Broad Arrow will feature a superb 2015 model finished in Paint to Sample Grey Black over a Leather to Sample white leather interior at The Quail Auction. One of only 300 U.S.-market 918 Spyders produced, it features the optional Front Axle Lift System, Carbon Fiber Interior Package and is fitted with Lightweight Weissach magnesium wheels. This full ‘to Sample’ specification version of one of the defining supercars of the 21st century is worthy of any serious collection.

Additional information on all lots in Broad Arrow’s inaugural edition of The Quail Auction can be found at broadarrowauctions.com. Collectors interested in registering to bid are invited to speak with a Broad Arrow car specialist via broadarrowauctions.com or by contacting [email protected] or +1 313-312-0780. The complete digital catalog will be available soon.

Editor’s Notes  

Photo Captions/Credits: 

2024 RUF SCR ‘Mary Stuart’ (Credit – Ryan Merrill/Courtesy of Broad Arrow Auctions)1990 RUF BTR III Cabriolet (Credit – Courtesy of Broad Arrow Auctions)1990 Porsche 911 Reimagined by Singer - Classic Turbo Services "Aurum Verde Commission" (Credit – Justin Pavlovsky/Courtesy of Broad Arrow Auctions)1988 Porsche 959 Komfort (Credit – Courtesy of Broad Arrow Auctions)2015 Porsche 918 Spyder (Credit – Robin Adams/Courtesy of Broad Arrow Auctions) About Broad Arrow Auctions

Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), is a leading global collector car auction house founded in 2021 by industry veterans. As the fastest-growing auction house in its segment, Broad Arrow connects exceptional collector cars with enthusiasts worldwide through flagship events including The Broad Arrow Quail Auction (the official auction of The Quail by The Peninsula, A Motorsports Gathering), The Amelia Auction (the official auction of The Amelia Concours), The Porsche Auction in collaboration with Air | Water by Luftgekühlt, the Las Vegas Auction in partnership with Concours at Wynn Las Vegas, as well as international auctions held in partnership with Concorso d’Eleganza Villa d’Este, Zoute Grand Prix, and Auto Zürich.

Learn more at broadarrowauctions.com and follow us on Instagram, Facebook, LinkedIn, and Twitter.

About Hagerty, Inc. (NYSE: HGTY)

Hagerty is a company built by drivers for drivers, protecting 2.8 million vehicles in the United States, Canada and the UK. We make it easier and more enjoyable for enthusiasts to drive and celebrate the machines they love through innovative insurance products, live and digital auctions, engaging media and events, as well as the Hagerty Drivers Club, the world’s largest community of car lovers.  

For more information, please visit www.hagerty.com or www.newsroom.hagerty.com.   

Forward-Looking Statements - This press release contains statements that constitute “forward-looking statements” within the meaning of the federal securities laws. All statements provided, other than statements of historical fact, are forward-looking statements, including those regarding Hagerty’s future operating results and financial position, Hagerty’s business strategy and plans, products, services, and technology implementations, market conditions, growth and trends, expansion plans and opportunities, and Hagerty’s objectives for future operations. The words “anticipate,” “believe,” “envision,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue,” “ongoing,” “contemplate,” and similar expressions, and the negative of these expressions, are intended to identify forward-looking statements.

Hagerty has based these forward-looking statements largely on current expectations about future events, which may not materialize. Actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. These factors include, among other things, Hagerty’s ability to: (i) compete effectively within our industry and attract and retain our insurance policyholders and paid Hagerty Drivers Club (“HDC”) subscribers; (ii) maintain key strategic relationships with our insurance distribution and underwriting carrier partners; (iii) prevent, monitor, and detect fraudulent activity; (iv) manage risks associated with disruptions, interruptions, outages or other issues with our technology platforms or our use of third-party services; (v) accelerate the adoption of our membership and marketplace products and services, as well as any new insurance programs and products we offer; (vi) manage the cyclical nature of the insurance business, including through any periods of recession, economic downturn or inflation; (vii) address unexpected increases in the frequency or severity of claims, and (viii) comply with the numerous laws and regulations applicable to our business, including state, federal and foreign laws relating to insurance and rate increases, privacy, the internet, and accounting matters. 

The forward-looking statements herein represent the judgment of Hagerty as of the date of this release and Hagerty disclaims any intent or obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. This press release should be read in conjunction with the information included in Hagerty’s other press releases, reports and other filings with the Securities and Exchange Commission. Understanding the information contained in these filings is important in order to fully understand Hagerty’s reported financial results and its business outlook for future periods.

The one-of-six 2024 RUF SCR "Mary Stuart" offered at Broad Arrow's upcoming The Quail Auction, August 13-14, 2026. PTS Grey Black 2015 Porsche 918 Spyder offered without reserve at Broad Arrow's The Quail Auction 2026 during Monterey Car Week

Grosse Pointe, Michigan, July 08, 2026 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), is thrilled to present a lineup of highly collectible modern Ferraris to be offered at its inaugural edition of The Quail Auction, the official auction of The Quail by The Peninsula, A Motorsports Gathering. Set for August 13-14 at The Quail Golf Club in Carmel, California, The Quail Auction will feature approximately 175 exceptional collector cars offered alongside one of the most influential luxury car events in the world.

Latest highlights for Broad Arrow’s The Quail Auction are led by in-demand modern collectibles from one of the most influential car marques and luxury brands of all time—Ferrari. With modern collectible Ferrari values up 16.3 percent since just April 2026 (based on Hagerty Intelligence Data), Broad Arrow’s recent entries are catering to the desires of today’s most active collectors.

Leading Ferraris of the new millennium at Broad Arrow’s two-day sale is a 2015 Ferrari 458 Speciale A (Estimate: $2,200,000 - $2,500,000) offered from the Brett Silver Collection. In true Ferrari fashion, this is one of just 499 examples produced worldwide, representing the last naturally aspirated mid-engine V8 Ferrari, powered by a 597-horsepower 4.5-liter V8 revving to 9,000 rpm. The U.S.-market example remains in virtually new condition, showing a mere 175 miles at the time of cataloging. Finished in Bianco Avus with Nero Argento racing stripes over Nero leather with yellow deviated stitching and comprehensively optioned with over $64,000 in extras, this is among the most sought-after Ferraris of the 21st century.

The group also features a single-owner 2020 Ferrari 488 Pista Spider (Estimate: $1,400,000 - $1,600,000), an 1,834-mile example of Ferrari's highest-performing spider ever. Finished in quintessential Rosso Corsa with an iconic Italian Tricolore stripe over an Extra-Range Nero interior, the 488 Pista Spider is extensively specified with fender shields, suspension lifter, an array of carbon fiber accents, and more.⁠ Powered by a twin-turbocharged 3.9-liter V8 producing 710 horsepower, the Spider is capable of sprinting from 0-to-62 mph in 2.85 seconds to a top speed of 211 mph. Offered with a score of delivery items, including its owner's manuals, window sticker, and scale models, this is an exhilarating open-top experience not to be missed.⁠

Rounding out featured cars is a stunning 2001 Ferrari 550 Barchetta Pininfarina (Estimate: $1,100,000 - $1,400,000) a model that has increased in average value by 72 percent since April 2026. The car on offer is the 24th of just 448 examples built worldwide to commemorate Pininfarina’s 70th anniversary and one of just 127 U.S.-market cars. It is finished in the uncommon specification of Nero D.S. over Cuoio leather with matching roll hoops and displays just 5,722 miles from new. This Ferrari Classiche-certified example retains its matching-numbers engine and transaxle and was the subject of an extensive recent recommissioning. Powered by a 5.5-liter, 479-horsepower V12 paired with a six-speed gated manual, this is surely one of the finest examples in recent memory.”

“This trio represents the pinnacle of modern Ferrari collecting,” says Barney Ruprecht, Vice President of Auctions for Broad Arrow. “If we think back 10 years, collectors were chasing 250 GT Coupes and 330 GTCs as the models just beneath the Ferrari 275. Now, it’s the 458 Speciale, the 488 Pista, and the 550 Barchetta that Ferrari collectors are after as the new threshold of collecting under the Enzo and the LaFerrari. We look forward to presenting these best-of-the-best, low-mileage, fantastic spec examples at The Quail Auction next month, with additional exciting cars to come.”

Additional modern Ferraris heading to The Quail Auction include:

A low-mileage 2025 Ferrari 12Cilindri (Estimate: $650,000 - $700,000), showing just 1,346 miles from new. Among the last grand touring models to feature a naturally aspirated V12 engine, this difficult-to-secure 12Clinidri is richly specified with factory "special equipment" approaching $150,000, including Panoramic Roof, Daytona Racing Seats and numerous carbon-fiber appointments, along with additional premium Ferrari options.Offered from The Casa Bella Macchina Collection, a well-optioned 2019 Ferrari 812 Superfast (Estimate: $350,000 - $400,000 | Offered Without Reserve) boasting single ownership from new and presented in essentially as-new condition in Bianco Avus over a tailored cabin trimmed in Rosso Ferrari leather with Daytona-style seats.A beautifully presented, Classiche-certified 2000 Ferrari 550 Maranello (Estimate: $325,000 - $400,000), distinguished by its uncommon factory finish of Blu Nart over a Blu leather interior and powered by the 479-horsepower 5.5-liter V12 paired with the desirable six-speed manual transmission.A fantastic example of the final manual, mid-engined Ferrari built to date, a 2006 Ferrari F430 (Estimate: $300,000 - $400,000 | Offered Without Reserve). Finished in classic Rosso Corsa over Beige leather, this F430 is factory specified with the exceedingly rare gated six-speed manual transmission, shows just 19,192 miles from new, and is desirably optioned with heated Daytona-style seats, Scuderia fender shields, Rosso brake calipers, and more.An award-winning and recently serviced 2004 Ferrari 360 Spider (Estimate: $200,000 - $250,000) finished in timeless Rosso Corsa over Beige leather with Nero inserts, specified with the highly prized factory gated six-speed manual transmission, and attractively optioned with 19-inch Challenge-style wheels, front and rear Challenge grilles, fender shields, and Daytona-style seats.Also offered from The Casa Bella Macchina Collection, this 2001 Ferrari 360 Spider (Estimate: $175,000 - $200,000 | Offered Without Reserve) is fitted with the desirable gated six-speed manual transmission, is finished in elegant Black Nero with Daytona Beige leather seats, shows just 18,404 miles from new, and is fresh from a 2026 service performed by Ferrari Philadelphia. Additional information on all lots is available at broadarrowauctions.com, where fascinating cars are being added daily. Interested bidders and consignors can learn more, register to bid, and connect with a Broad Arrow Auctions car specialist at broadarrowauctions.com or by calling +1 313 312 0780.

Members of the media with any questions or who are interested in applying for press credentials for The Quail Auction and Preview are invited to reach out to the Broad Arrow Press Team at [email protected].

Editor’s Notes

Photo Credits:

2015 Ferrari 458 Speciale A (Credit – Robin Adams/Courtesy of Broad Arrow Auctions)

2020 Ferrari 488 Pista Spider (Credit - Justin Pavlovsky/Courtesy of Broad Arrow Auctions)

2001 Ferrari 550 Barchetta Pininfarina (Credit – Tom Nisco/Courtesy of Broad Arrow Auctions)

About Broad Arrow Auctions

Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), is a leading global collector car auction house founded in 2021 by industry veterans. As the fastest-growing auction house in its segment, Broad Arrow connects exceptional collector cars with enthusiasts worldwide through flagship events including The Broad Arrow Quail Auction (the official auction of The Quail by The Peninsula, A Motorsports Gathering), The Amelia Concours Auction (the official auction of The Amelia Concours), The Porsche Auction in collaboration with Air | Water by Luftgekühlt, the Las Vegas Auction in partnership with Concours at Wynn Las Vegas, as well as international auctions held in partnership with Concorso d’Eleganza Villa d’Este, Zoute Grand Prix, and Auto Zürich.

Learn more at broadarrowauctions.com and follow us on Instagram, Facebook, LinkedIn, and X. 

About Hagerty, Inc. (NYSE: HGTY)

Hagerty is a company built by drivers for drivers, protecting 2.8 million vehicles in the United States, Canada and the UK. We make it easier and more enjoyable for enthusiasts to drive and celebrate the machines they love through innovative insurance products, live and digital auctions, engaging media and events, as well as the Hagerty Drivers Club, the world’s largest community of car lovers.

For more information, please visit www.hagerty.com or www.newsroom.hagerty.com.

Forward-Looking Statements - This press release contains statements that constitute “forward-looking statements” within the meaning of the federal securities laws. All statements provided, other than statements of historical fact, are forward-looking statements, including those regarding Hagerty’s future operating results and financial position, Hagerty’s business strategy and plans, products, services, and technology implementations, market conditions, growth and trends, expansion plans and opportunities, and Hagerty’s objectives for future operations. The words “anticipate,” “believe,” “envision,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue,” “ongoing,” “contemplate,” and similar expressions, and the negative of these expressions, are intended to identify forward-looking statements.

Hagerty has based these forward-looking statements largely on current expectations about future events, which may not materialize. Actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. These factors include, among other things, Hagerty’s ability to: (i) compete effectively within our industry and attract and retain our insurance policyholders and paid Hagerty Drivers Club (“HDC”) subscribers; (ii) maintain key strategic relationships with our insurance distribution and underwriting carrier partners; (iii) prevent, monitor, and detect fraudulent activity; (iv) manage risks associated with disruptions, interruptions, outages or other issues with our technology platforms or our use of third-party services; (v) accelerate the adoption of our membership and marketplace products and services, as well as any new insurance programs and products we offer; (vi) manage the cyclical nature of the insurance business, including through any periods of recession, economic downturn or inflation; (vii) address unexpected increases in the frequency or severity of claims, and (viii) comply with the numerous laws and regulations applicable to our business, including state, federal and foreign laws relating to insurance and rate increases, privacy, the internet, and accounting matters.

The forward-looking statements herein represent the judgment of Hagerty as of the date of this release and Hagerty disclaims any intent or obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. This press release should be read in conjunction with the information included in Hagerty’s other press releases, reports and other filings with the Securities and Exchange Commission. Understanding the information contained in these filings is important in order to fully understand Hagerty’s reported financial results and its business outlook for future periods.

2015 Ferrari 458 Speciale A to be offered at Broad Arrow's inaugural edition of The Quail Auction 2001 Ferrari 550 Barchetta Pininfarina to be offered at Broad Arrow's inaugural edition of The Quail Auction

2015 Ferrari 458 Speciale A to be offered at Broad Arrow's inaugural edition of The Quail Auction Credit - Robin Adams/Courtesy of Broad Arrow Auctions 2001 Ferrari 550 Barchetta Pininfarina to be offered at Broad Arrow's inaugural edition of The Quail... Credit - Tom Nisco/Courtesy of Broad Arrow Auctions

BICESTER, United Kingdom, June 16, 2026 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), is proud to announce that it will host a new auction in Paris during Salon Rétromobile Week at The Peninsula Paris hotel in 2027. Broad Arrow’s Paris Auction will take place on Wednesday 3 February 2027, with public previews held from 1-3 February.

This incredibly exciting new auction in the heart of Paris will feature some of the world’s most desirable collector cars, all presented in one of the most iconic locations in the French capital, the Peninsula Paris on the exclusive avenue Kléber. Set to coincide with one of the biggest events in the classic car world, Rétromobile, it promises to attract collectors from around the world for what will surely be a highlight of the international collector car auction calendar.

“We are immensely honoured to partner with The Peninsula Paris to host our new Paris Auction in 2027,” says Joe Twyman, VP of Sales EMEA Region for Broad Arrow Auctions. “The Peninsula Paris is a world-class destination for what will surely be one of the premier European collector car auctions in 2027 and which perfectly complements Broad Arrow’s sales at the Concorso d’Eleganza Villa d’Este, the Zoute Concours Auction and The Zürich Auction.”

Peninsula Hotels have become synonymous with the international collector car community through their renowned Peninsula Signature Events including The Peninsula Classics Best of the Best Award, as well as The Quail, A Motorsports Gathering, for which Broad Arrow is the official auction partner.

Since 2014, The Peninsula Paris has become a home for the world’s elite when visiting the city of romance and light. Like Broad Arrow, it is globally renowned for its meticulous attention to detail when meeting the needs of its clientele, ensuring the ultimate luxury experience. Within walking distance of the Champs-Élysées and the Arc de Triomphe in the exclusive 16th arrondissement, it is the ideal location for the latest addition to Broad Arrow’s European auction calendar.

“We are looking forward to welcoming international collectors to the Peninsula Paris next year,” says Karsten Le Blanc, SVP, Head of Broad Arrow’s EMEA Region and Broad Arrow Capital. “The catalogue will be highly curated and limited for what will be a truly exclusive sale, and collectors wishing to discuss consigning their cars are now invited to contact our specialists to be part of what will undoubtedly be a memorable occasion.”

Collectors are also invited to discuss consignments for other Broad Arrow auctions taking place in Europe in 2026, including the Zoute Concours Auction on 9 October and Zürich Auction on 7 November.

Ends.

For media enquiries relating to Broad Arrow Auctions, please contact a member of the press team.

Editor’s Notes 

About Broad Arrow Auctions
Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), is a leading global collector car auction house founded in 2021 by industry veterans. As the fastest-growing auction house in its segment, Broad Arrow connects exceptional collector cars with enthusiasts worldwide through flagship events including The Quail Auction (the official auction of The Quail, A Motorsports Gathering), The Amelia Concours Auction (the official auction of The Amelia Concours), The Porsche Auction in collaboration with Air | Water by Luftgekühlt, The Audrain Auction in partnership with The Audrain Newport Concours & Motor Week, The Las Vegas Auction in partnership with Concours at Wynn Las Vegas, as well as international auctions held in partnership with Concorso d’Eleganza Villa d’Este, Zoute Grand Prix, and Auto Zürich. Learn more at broadarrowauctions.com and follow us on Instagram, Facebook, LinkedIn, and X. 

About Hagerty, Inc. (NYSE: HGTY)
Hagerty is a company built by drivers for drivers, protecting 2.7 million vehicles in the United States, Canada and the UK. We make it easier and more enjoyable for enthusiasts to drive and celebrate the machines they love through innovative insurance products, live and digital auctions, engaging media and events, as well as the Hagerty Drivers Club, the world’s largest community of car lovers.  

For more information, please visit www.hagerty.com or www.newsroom.hagerty.com.

About The Peninsula Paris
The Peninsula Paris is a joint venture between Katara Hospitality and The Hongkong and Shanghai Hotels Limited (HSH). The Peninsula Paris hotel is ideally located in the heart of the capital, a stone’s throw from some of the world’s most famous monuments, museums and luxury boutiques. The iconic Haussmann building has 200 luxurious rooms, including 93 suites which are among the most spectacular in the capital.

Overseeing three restaurants, L’Oiseau Blanc holds two Michelin stars and offers breathtaking panoramic views of Paris’ rooftops and the Eiffel Tower, while the theatrical LiLi serves the finest Cantonese cuisine in an opera-inspired setting. Le Lobby provides an international culinary experience throughout the day in its majestic heritage setting. The elegant Kleber Bar, the exclusive cigar lounge, and the romantic rooftop Secret Table also offer options sure to delight epicureans. For those seeking serenity and well-being, The Peninsula Spa & Wellness Centre offers 1,800 square metres of treatment space devoted to holistic therapies, as well as a 20-metre indoor pool. With its unparalleled commitment to hospitality and attention to detail, The Peninsula Paris makes a superb choice for sharing precious moments with loved ones in The City of Light.

About The Hongkong and Shanghai Hotels, Limited (Stock Code: 45)
Incorporated in 1866 and listed on the Hong Kong Stock Exchange, The Hongkong and Shanghai Hotels, Limited is the holding company of a group which is engaged in the ownership, development, and management of prestigious hotels and commercial and residential properties in key locations in Greater China, Europe, United States and Asia, as well as the operation of the Peak Tram, retail and other services. The Peninsula Hotels portfolio comprises The Peninsula Hong Kong, The Peninsula Shanghai, The Peninsula Beijing, The Peninsula London, The Peninsula Paris, The Peninsula Istanbul, The Peninsula New York, The Peninsula Chicago, The Peninsula Beverly Hills, The Peninsula Tokyo, The Peninsula Bangkok and The Peninsula Manila. The property portfolio of the group includes The Repulse Bay Complex, The Peak Tower and St. John’s Building in Hong Kong, and 21 avenue Kléber in Paris, France. The Peak Tram, Retail and Others portfolio of the group includes The Peak Tram in Hong Kong; The Quail in Carmel, California; Peninsula Clubs and Consultancy Services, Peninsula Merchandising, and Tai Pan Laundry in Hong Kong.

About Katara Hospitality
Katara Hospitality is a hotel owner, developer and manager, based in Qatar. With over forty-five years of industry experience, Katara Hospitality is delivering on its development plans by investing in incredible properties in Qatar while expanding its collection of iconic hotels in key overseas markets. Katara Hospitality currently owns or manages 40 hotels and aims to have 60 in its portfolio by 2026. As a national icon of the hospitality industry, Katara Hospitality supports Qatar’s long-term economic vision.

Forward-Looking Statements - This press release contains statements that constitute “forward-looking statements” within the meaning of the federal securities laws. All statements provided, other than statements of historical fact, are forward-looking statements, including those regarding Hagerty’s future operating results and financial position, Hagerty’s business strategy and plans, products, services, and technology implementations, market conditions, growth and trends, expansion plans and opportunities, and Hagerty’s objectives for future operations. The words “anticipate,” “believe,” “envision,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue,” “ongoing,” “contemplate,” and similar expressions, and the negative of these expressions, are intended to identify forward-looking statements.

Hagerty has based these forward-looking statements largely on current expectations about future events, which may not materialize. Actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. These factors include, among other things, Hagerty’s ability to: (i) compete effectively within our industry and attract and retain our insurance policyholders and paid Hagerty Drivers Club (“HDC”) subscribers; (ii) maintain key strategic relationships with our insurance distribution and underwriting carrier partners; (iii) prevent, monitor, and detect fraudulent activity; (iv) manage risks associated with disruptions, interruptions, outages or other issues with our technology platforms or our use of third-party services; (v) accelerate the adoption of our membership and marketplace products and services, as well as any new insurance programs and products we offer; (vi) manage the cyclical nature of the insurance business, including through any periods of recession, economic downturn or inflation; (vii) address unexpected increases in the frequency or severity of claims, and (viii) comply with the numerous laws and regulations applicable to our business, including state, federal and foreign laws relating to insurance and rate increases, privacy, the internet, and accounting matters.

The forward-looking statements herein represent the judgment of Hagerty as of the date of this release and Hagerty disclaims any intent or obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. This press release should be read in conjunction with the information included in Hagerty’s other press releases, reports and other filings with the Securities and Exchange Commission. Understanding the information contained in these filings is important in order to fully understand Hagerty’s reported financial results and its business outlook for future periods.

The stunning facade of The Peninsula Paris on the famous avenue Kléber, the location of Broad Arrow's inaugural Paris Auction set for 3 February 2027. The gorgeous views from The Peninsula Paris, the venue for Broad Arrow's inaugural 2027 Paris Auction during Retromobile Week.

The stunning facade of The Peninsula Paris on the famous avenue Kléber, the location of Broad Arrow'... Credit - Courtesy of The Peninsula Hotel The gorgeous views from The Peninsula Paris, the venue for Broad Arrow's inaugural 2027 Paris Auctio... Credit - Courtesy of The Peninsula Hotel

Grosse Pointe, Michigan, April 07, 2026 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), has revealed featured entries in exceptional colors for its third annual Porsche Air|Water Auction, held in partnership with the Air|Water experiential event. Set for April 25 at The OC Fair & Event Center in Costa Mesa, California, the exclusive auction will present more than 50 desirable Porsches and over 20 lots of Porsche memorabilia and collectibles for sale.

Featured highlights of the one-day sale are led by an eye-catching example of the superlative Porsche hypercar, a 2015 Porsche 918 Spyder Weissach Package (Estimate: $4,500,000 - $5,500,000). Limitation number 048 is the singular Paint to Sample Riviera Blue 918 Spyder equipped with the weight-saving Weissach package delivered to North America, featuring a Black interior with Silver piping. Entering production in 2013, the Porsche 918 remains every bit as compelling today as it was when revealed, one of the “holy trinity” hypercars from Porsche, Ferrari, and McLaren, pushing the limits of performance as sustainably and efficiently as possible and setting the bar for the hybrid-electric performance models of today. A mid-engine 4.6-liter, dry sump V8 combined with two electric motors, one each driving front and rear wheels produces a total output of 887 horsepower at 8,500 rpm and 944 lb-ft of torque in seventh gear. That power is transmitted through a lightning-fast dual-clutch, seven-speed PDK transmission.  

This particular car is finished in Paint to Sample (PTS) Riviera Blue, a non-metallic hue described by Porsche as “vibrant shade of light blue inspired by the brilliant blue waters of the Italian and French Riviera coasts”. The refreshing color is a perfect match for the Spyder’s removable carbon fiber roof panels that encourage al fresco driving. Porsche has always ensured that high performance and luxury go hand-in-hand, and the 918 Spyder is no different. The well-equipped interior features Black leather upholstery with optional Carbon Floor Mats with Silver Piping, Seat Belts with Accent Stripes in Silver, Burmester High-End Surround Sound Audio System, Automatic Air Conditioning and HomeLink System. Furthermore, through Porsche's Exclusive Manufaktur program it received its exterior finishes as well as $7,200 in desirable Custom Tailoring (CXX). Offered with only 1,267 miles at the time of cataloging and fresh from a recent Major Service at Porsche Woodland Hills, this is a spectacular example worthy of today’s most discerning collections.

The 918 is complemented by another special Porsche halo car, a 1988 Porsche 959 SC Reimagined by Canepa, chassis number WP0ZZZ95ZJS900153 (Estimate: $3,200,000 - $3,600,000). This fantastic example of Porsche’s first supercar has been reimagined by Canepa as a 959 SC in striking Viper Green over brown leather. Fitted with the full suite of Canepa “Stage III” upgrades to produce up to 850 horsepower on E85 fuel, this 1980s supercar offers modern hypercar performance, boasting zero-to-60 mph in 2.5 seconds and a 230-mph top speed. Showing just over 1,300 miles since its transformation from Canepa, this sought-after supercar is sure to turn heads at Broad Arrow’s Air|Water Auction this month.

Joining the Porsches is a highly exclusive, made-to-order, modern RUF supercar, a 2025 RUF SCR (Estimate: $1,900,000 - $2,300,000). Paying tribute to the original SCR that helped establish RUF’s reputation some four decades earlier, each modern SCR is built individually to customer specification. The SCR is a ground-up RUF design in every meaningful sense. Its structure is entirely engineered from scratch and not a "body in white” supplied by Porsche. It consists of a carbon-fiber monocoque with front and rear spaceframes bonded to the central tub and an integrated roll cage fabricated from high-strength steel. The aerodynamically optimized carbon-fiber bodywork evokes the silhouette of the air-cooled 911 while concealing engineering that owes nothing to Stuttgart. The stunning design is powered by a 510-horsepower naturally aspirated 4.0-liter flat-six, delivering 0-62 mph in 3.4 seconds and a 199-mph top speed through rear-wheel drive, a six-speed manual gearbox, and a limited-slip differential delivering a pure, tactile driving experience.

The SCR is the clearest expression yet of what RUF is capable of when given a blank sheet of paper. Chassis 06025 presents that philosophy in one of the most arresting configurations yet completed, finished in vivid Paint to Sample Türkisblau (Turkish Blue) complemented by matte Titanium Grey 19-inch forged center-lock five-spoke RUF wheels over a RUF Black Nappa leather interior with black stitching, accented by carbon-fiber trim and Türkisblau embroidery. The car’s careful assembly is documented by a comprehensive digital file of build images, offering a glimpse into the craftsmanship involved in creating one of Pfaffenhausen’s most exclusive modern cars. As a highly exclusive, made-to-order RUF offered at Broad Arrow’s Porsche Air|Water Auction in like-new condition with delivery mileage, chassis 06025 is surely among the most collectible RUF automobiles to reach the market in recent memory. 

“Today’s younger and most active car collectors are after the best, most exclusive examples of modern performance icons,” says Alexander Weaver, Senior Car Specialist and VP of Private Sales for Broad Arrow. “The Porsche 918 Spyder Weissach, the 959 SC, and the RUF SCR fit this bill, offering the ultimate in performance and luxury from two of the hobby’s most renowned and most collectible brands. These are all low-mileage, pristine examples in exceptional colors, factors that continue to draw eyes and premium results. We look forward to finding these and the entire selection of fantastic cars on offer a new home at Air|Water amongst the passionate Porsche community.”

Additional highlights for Broad Arrow’s 2026 Porsche Air|Water Auction include highly sought-after models from the Porsche restomod and tuning manufacturer realm. A 1990 Porsche 911 Coupe Reimagined by Singer known as the “Lindsey Commission” (Estimate: $1,000,000 - $1,300,000) offers purposeful perfection for the road, inspired by the feeling of the track. Founded in 2009 by Rob Dickinson, Singer Vehicle Design has redefined what it means to restore and reimagine the Porsche 911. Guided by Dickinson’s philosophy that “Everything is important,” the Classic model represents the purist vision of Singer’s fusion of heritage and modern engineering. This particular car was formerly known as the Auburn Commission and was recently returned to Singer and reborn as the “Lindsey Commission”. Elegant details like a custom Light Ivory exterior, a Cumin leather interior, and Nickel-finished trim throughout are complemented by an Ed Pink-built 4.0-liter air-cooled flat-six, delivering all-wheel-drive through a six-speed manual transmission. The Lindsey Commission proves that some of Singer’s most restrained work may also be its most captivating.

Finally, a 2007 RUF Rt12 (Estimate: $700,000 - $800,000) rounds out the group, offering a rare example of RUF Automobile’s first true ground-up design. Chassis number W09BD03867PR06089 is one of approximately 57 Rt12s delivered in the model’s five-year production run, and the only example finished in Carrara White over trim-to-sample BMW M Sport Red leather. Heavily optioned with the twin-turbocharged 3.8-liter 650-horsepower engine, six-speed manual transmission, all-wheel drive, and more, the Rt12 has seen just three owners and 3,233 miles covered from new.

An updated list of all Porsches and Porsche memorabilia set for Broad Arrow’s 2026 Porsche Air|Water Auction is available at broadarrowauctions.com. Interested bidders are invited to speak with a Broad Arrow car specialist by emailing [email protected] or by calling +1-313-312-0780.

Members of the press on official editorial assignment, along with qualified content creators, are invited to apply for media credentials to attend Broad Arrow’s Porsche Air|Water preview and auction by writing to the Broad Arrow Press Team at [email protected].

Editor’s Notes

About Broad Arrow Auctions 

Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), is a leading global collector car auction house founded in 2021 by industry veterans. As the fastest-growing auction house in its segment, Broad Arrow connects exceptional collector cars with enthusiasts worldwide through flagship events including The Broad Arrow Quail Auction (the official auction of The Quail, A Motorsports Gathering), The Amelia Concours Auction (the official auction of The Amelia Concours), The Porsche Auction in collaboration with Air | Water by Luftgekühlt, the Las Vegas Auction in partnership with Concours at Wynn Las Vegas, as well as international auctions held in partnership with Concorso d’Eleganza Villa d’Este, Zoute Grand Prix, and Auto Zürich.

Learn more at broadarrowauctions.com and follow us on Instagram, Facebook, LinkedIn, and X. 

About Hagerty, Inc. (NYSE: HGTY)

Hagerty is a company built by drivers for drivers, protecting 2.7 million vehicles in the United States, Canada and the UK. We make it easier and more enjoyable for enthusiasts to drive and celebrate the machines they love through innovative insurance products, live and digital auctions, engaging media and events, as well as the Hagerty Drivers Club, the world’s largest community of car lovers.  

For more information, please visit www.hagerty.com or www.newsroom.hagerty.com.   

Forward-Looking Statements - This press release contains statements that constitute “forward-looking statements” within the meaning of the federal securities laws. All statements provided, other than statements of historical fact, are forward-looking statements, including those regarding Hagerty’s future operating results and financial position, Hagerty’s business strategy and plans, products, services, and technology implementations, market conditions, growth and trends, expansion plans and opportunities, and Hagerty’s objectives for future operations. The words “anticipate,” “believe,” “envision,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue,” “ongoing,” “contemplate,” and similar expressions, and the negative of these expressions, are intended to identify forward-looking statements.

Hagerty has based these forward-looking statements largely on current expectations about future events, which may not materialize. Actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. These factors include, among other things, Hagerty’s ability to: (i) compete effectively within our industry and attract and retain our insurance policyholders and paid Hagerty Drivers Club (“HDC”) subscribers; (ii) maintain key strategic relationships with our insurance distribution and underwriting carrier partners; (iii) prevent, monitor, and detect fraudulent activity; (iv) manage risks associated with disruptions, interruptions, outages or other issues with our technology platforms or our use of third-party services; (v) accelerate the adoption of our membership and marketplace products and services, as well as any new insurance programs and products we offer; (vi) manage the cyclical nature of the insurance business, including through any periods of recession, economic downturn or inflation; (vii) address unexpected increases in the frequency or severity of claims, and (viii) comply with the numerous laws and regulations applicable to our business, including state, federal and foreign laws relating to insurance and rate increases, privacy, the internet, and accounting matters.

The forward-looking statements herein represent the judgment of Hagerty as of the date of this release and Hagerty disclaims any intent or obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. This press release should be read in conjunction with the information included in Hagerty’s other press releases, reports and other filings with the Securities and Exchange Commission. Understanding the information contained in these filings is important in order to fully understand Hagerty’s reported financial results and its business outlook for future periods.

2015 Porsche 918 Spyder Weissach Package 1988 Porsche 959 SC Reimagined by Canepa

Grosse Pointe, Michigan, April 10, 2026 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), is proud to present a unique opportunity—the first North American public auction of a Gordon Murray Automotive T.50. This very special single-car live auction is set for April 21 at the Allegretto Vineyard Resort in Paso Robles, California, a stop along the journey of the celebrated California Mille tour, driven by Hagerty. 

A portion of proceeds from the sale of this incredibly rare supercar will benefit both the California Highway Patrol (CHP) 11-99 Foundation, which provides emergency assistance to California Highway Patrol employees and their families, as well as McPherson College’s renowned Automotive Restoration Program in honor of its 50th anniversary.

Designed and built to be the world’s greatest driver’s car, the Gordon Murray Automotive T.50 captured Top Gear’s Hypercar of the Year Award in 2023, when it was proclaimed “the best driver’s car in the world”. As the next astonishing supercar from the creator of the McLaren F1, the T.50 did not disappoint. The complete production run of just 100 cars was fully allocated ahead of its global premiere in August 2020, where the car’s incredible performance statistics were revealed: its 3.9-liter Cosworth GMA V-12 naturally aspirated engine produces 661 horsepower at 11,000 rpm with a maximum engine speed of 12,100 rpm. That power is driven through a six-speed manual transmission and boosted by active and fan-assisted aerodynamics, all boasting a sub-1,000-kilogram dry weight. 

In a call-back to one of Gordon Murray’s most famous and short-lived technical inventions, the T.50 was designed with an integrated rearward-facing fan much the same as the 1977 Formula One Brabham BT46 “Fan Car.” All told, the 400-mm rear-mounted fan boosts underbody ground effect by 50 percent and provides a sense of technical and styling drama to a silhouette bereft of a deep front splitter, noticeable air ducts, and large wings. 

Aesthetically, the T.50 boasts simple design, attention to detail, and of course, Gordon Murray’s signature center-seat layout. The car on offer at Broad Arrow’s unique auction on the California Mille, chassis number 009, is a U.S.-market example in bespoke Reef finish with satin and gloss carbon exterior details, complemented by Graphite Gloss wheels. The glass roof option was selected, and inside, the center driver’s seat is upholstered in Dune leather while both passenger-side seats were selected in Thruxton Blue leather and Athol Blue Alcantara. The motorsport-inspired dashboard is covered in matching Athol Blue Alcantara with Chromite Black leather atop the gauge pod.

“The T.50 is a supercar that not only was collectible before it was even built, but one that will go down in automotive history as a defining technological tour de force, much like its predecessor, the McLaren F1,” says Alexander Weaver, Senior Car Specialist and Vice President at Broad Arrow. “All GMA models have been fully allocated ahead of their release, with the T.50 being the only model built while legendary F1 designer Gordon Murray had complete control of the company. We’re honored to present one of the most important road cars of the 21st century, and arguably the world’s greatest driver’s car, on the California Mille, an event that celebrates passion for driving on some of the country’s most beautiful roads.”

T.50 chassis number 009 is offered with a mere 27 miles on its odometer, reflective of light testing and delivery. The car is accompanied by a full complement of original delivery accessories, including a four-piece fitted luggage set, a serialized tool chest, a diagnostics tablet computer, two keys, owner’s manuals, and a photo album documenting the assembly of chassis 009. The T.50 is estimated to bring $8,000,000 to $10,000,000.

Renowned race car driver, restorer, and collector, Bruce Canepa, alongside noted collector and founding board member of the CHP 11-99 Foundation, Bruce Meyer, will introduce the T.50, and Auctioneer Eli Rodriguez will conduct the bidding at the Allegretto Vineyard Resort. This year’s California Mille pays special tribute to the Gordon Murray Automotive T.50, with five examples set to participate. The winning bidder of chassis 009 is invited to drive the car on the remainder of the tour following the sale on April 21, joining an exclusive club of nearly unobtainable ownership and otherworldly performance.

In-person, absentee, and telephone bidding will be available on the 2025 Gordon Murray Automotive T.50. A complete catalog listing on the car as well as bidder registration is available at broadarrowauctions.com. Interested bidders are invited to speak with a Broad Arrow car specialist by emailing [email protected] or by calling +1-313-312-0780.

Editor’s Notes

Photo Captions/Credits: All images of the 2025 Gordon Murray Automotive T.50 are by Patrick Ernzen/Courtesy of Broad Arrow Auctions.

About Broad Arrow Auctions

Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), is a leading global collector car auction house founded in 2021 by industry veterans. As the fastest-growing auction house in its segment, Broad Arrow connects exceptional collector cars with enthusiasts worldwide through flagship events including The Broad Arrow Quail Auction (the official auction of The Quail, A Motorsports Gathering), The Amelia Concours Auction (the official auction of The Amelia Concours), The Porsche Auction in collaboration with Air | Water by Luftgekühlt, the Las Vegas Auction in partnership with Concours at Wynn Las Vegas, as well as international auctions held in partnership with Concorso d’Eleganza Villa d’Este, Zoute Grand Prix, and Auto Zürich.

Learn more at broadarrowauctions.com and follow us on Instagram, Facebook, LinkedIn, and X. 

About Hagerty, Inc. (NYSE: HGTY)

Hagerty is a company built by drivers for drivers, protecting 2.7 million vehicles in the United States, Canada and the UK. We make it easier and more enjoyable for enthusiasts to drive and celebrate the machines they love through innovative insurance products, live and digital auctions, engaging media and events, as well as the Hagerty Drivers Club, the world’s largest community of car lovers.  

For more information, please visit www.hagerty.com or www.newsroom.hagerty.com.   

Forward-Looking Statements - This press release contains statements that constitute “forward-looking statements” within the meaning of the federal securities laws. All statements provided, other than statements of historical fact, are forward-looking statements, including those regarding Hagerty’s future operating results and financial position, Hagerty’s business strategy and plans, products, services, and technology implementations, market conditions, growth and trends, expansion plans and opportunities, and Hagerty’s objectives for future operations. The words “anticipate,” “believe,” “envision,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue,” “ongoing,” “contemplate,” and similar expressions, and the negative of these expressions, are intended to identify forward-looking statements.

Hagerty has based these forward-looking statements largely on current expectations about future events, which may not materialize. Actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. These factors include, among other things, Hagerty’s ability to: (i) compete effectively within our industry and attract and retain our insurance policyholders and paid Hagerty Drivers Club (“HDC”) subscribers; (ii) maintain key strategic relationships with our insurance distribution and underwriting carrier partners; (iii) prevent, monitor, and detect fraudulent activity; (iv) manage risks associated with disruptions, interruptions, outages or other issues with our technology platforms or our use of third-party services; (v) accelerate the adoption of our membership and marketplace products and services, as well as any new insurance programs and products we offer; (vi) manage the cyclical nature of the insurance business, including through any periods of recession, economic downturn or inflation; (vii) address unexpected increases in the frequency or severity of claims, and (viii) comply with the numerous laws and regulations applicable to our business, including state, federal and foreign laws relating to insurance and rate increases, privacy, the internet, and accounting matters.

The forward-looking statements herein represent the judgment of Hagerty as of the date of this release and Hagerty disclaims any intent or obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. This press release should be read in conjunction with the information included in Hagerty’s other press releases, reports and other filings with the Securities and Exchange Commission. Understanding the information contained in these filings is important in order to fully understand Hagerty’s reported financial results and its business outlook for future periods.

2025 Gordon Murray Automotive T.50 set for Broad Arrow's auction during the California Mille 2025 Gordon Murray Automotive T.50 set for Broad Arrow's auction during the California Mille

2025 Gordon Murray Automotive T.50 set for Broad Arrow's auction during the California Mille Credit - Patrick Ernzen/Courtesy of Broad Arrow Auctions 2025 Gordon Murray Automotive T.50 set for Broad Arrow's auction during the California Mille Credit - Patrick Ernzen/Courtesy of Broad Arrow Auctions

BICESTER, United Kingdom, April 14, 2026 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), will present some of the greatest modern supercars and hypercars at its Concorso d’Eleganza Villa d’Este Auction from 16-17 May 2026 at Villa Erba on the shores of Lake Como.

Leading the stellar line-up for the official auction of the revered Concorso is a truly unique 2018 Pagani Zonda 760 Unica Roadster, an incredible example of one of the most dramatic and exhilarating hypercars of recent times. Finished in Blue Carbon, reminiscent of the Zonda Tricolore, the interior features distinctive blue and white trim that perfectly complements the magnificent milled aluminium switchgear. This bespoke creation from Pagani’s One-Off Zonda 760 Series was commissioned by the founder of Top Car Design in Spain and is powered by the ferocious 7.3 litre V12 engine sourced from Mercedes-AMG. Undoubtedly one of the most covetable Pagani creations, this era-defining hypercar has driven only 2,616 kilometres, many at exclusive owners’ events across Switzerland, at one of which Horacio Pagani himself drove the car, further adding to its illustrious provenance.

“We are extremely proud to present the unique Pagani Zonda 760 Unica Roadster to collectors at our second sale as the official auction partner of the Concorso d’Eleganza Villa d’Este,” says Joe Twyman, VP of Sales EMEA Region for Broad Arrow Auctions. “Its Italian heritage and immense desirability make it perfectly fitting that it should be in the catalogue for what is undoubtedly the jewel in the international collector car auction calendar. We can’t wait to welcome collectors from around the world to Villa Erba for this exciting sale.”

Naturally, for the most prestigious collector car auction to be held in Italy, the Pagani is joined by some of the most desirable modern collectibles from the stables of Ferrari and Lamborghini, including:

2023 Ferrari 812 Competizione (Estimate: €1.250.000 - €1.450.000)

The Ferrari 812 Competizione is the ultimate example of Enzo Ferrari’s obsession with the V12, a pure GT that delivers exhilarating performance combined with touring comfort. Only 999 examples were built and chassis no. 300628 is undoubtedly one of the most striking. Treated to a number of desirable options through Ferrari’s Atelier programme, it is finished in four-layer Green Jewel paint with a livery of Bianco Cervino and Nero D.S. stripes. Exposed carbon fibre adds to the superb specification, as do the lightweight 20-inch forged diamond-finish wheels and an interior tailored in Nero Alcantara with racing seats trimmed in a distinctive checked pattern. Showing only 673 kilometres at the time of cataloguing, this is certainly one of the most collectable examples of the 812 Competizione and a fitting tribute to the bloodline of Ferrari’s revered V12.

2022 Ferrari SF90 Spider (Estimate: €350.000 - €450.000 | Offered Without Reserve)

This rare Netherlands-delivered example of the Ferrari SF90 Spider is attractively finished in Verde Zeltweg over Cuoio leather and Alcantara. Driven only 450 kilometres at the time of cataloguing, it features fully electric Daytona-style sports seats, front axle lift and a sonorous twin-turbo 4.0 litre V8 which, combined with three electric motors, generates over 985 horsepower. Its incredible performance, superb design and open-top thrills make this a very enticing opportunity for any Ferrari collector.

2022 Lamborghini Countach LPI 800-4 (Estimate: €1.750.000 - €2.000.000)

The Lamborghini Countach is one of the most iconic cars of all time and one which Lamborghini’s design director, Mitja Borkert, and his team successfully reinterpreted in 2021 as the Countach LPI 800-4, using the Aventador as its foundation. This 2022 example is one of only five finished in Luci del Bosco, a colour inspired by the brown available for the original Countach. Matte bronze wheels add further to the dramatic exterior, while the interior features an exclusive Lamborghini Ad Personam option of Bianco Leda. Meticulously cared for by its current owner, the V12 hybrid powertrain has propelled this exceptional example only 124 kilometres at the time of cataloguing, ensuring that this is one of the finest available.

2009 Lamborghini Murciélago LP640-4 Coupé (Estimate: €850.000 - €1.150.000)

While every example of Sant’Agata Bolognese’s incredible Murciélago is special, this one is even more so, as one of only 88 manufactured that paired the glorious 6.5 litre V12 with a six-speed gated manual transmission. Enhancing its desirability even further is that it is believed to be the only manual model finished in stunning Celeste Phoebe blue. Lamborghini’s Ad Personam bespoke department also created its Nero Perseus Q-Citura diamond pattern leather upholstery, upper dashboard and carpets, complemented by Azzurro Australis for the lower dashboard, carpet piping and inverted stitching. The superb list of options extends to a glass engine cover, carbon ceramic brakes and Hermera wheels. As the last analogue V12 supercar from Lamborghini, the Murciélago is one of the most desirable models from the famous marque, and the manual-equipped derivative ranks as the most collectable of all.

“These prestigious supercars represent some of the best of their genre,” says Bastian Voigt, Car Specialist and Head of Consignments for Broad Arrow in Germany. “Extremely collectable, they are the performance icons of modern generations, cars that stir emotion even when standing still. They take their place alongside the Honda NSX-R and the cars that defined performance for previous generations, including the 1926 Bugatti Type 37 Grand Prix, the 1957 Mercedes-Benz 300 SL Gullwing and the timeless Ferrari F40 in a catalogue that showcases the very best of the collector car world.”

Interested bidders are invited to contact a Broad Arrow Car Specialist at +44 20 4592 0169 (UK), + 32 476 879 471 (Europe) or on +1 313 312 0780 (North America) or via email at [email protected]. Bidder registration and further details on all cars on offer are available at broadarrowauctions.com. Collectors are also invited to discuss consignments for other Broad Arrow auctions taking place in Europe in 2026, including the Zoute Concours Auction on 9 October and Zürich Auction on 7 November.

Ends. 

For media enquiries relating to Broad Arrow Auctions, including accreditation for the auction at the Concorso d’Eleganza Villa d’Este, please contact a member of the press team.

Editor’s Notes

About Broad Arrow Auctions 

Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), is a leading global collector car auction house founded in 2021 by industry veterans. As the fastest-growing auction house in its segment, Broad Arrow connects exceptional collector cars with enthusiasts worldwide through flagship events including The Quail Auction (the official auction of The Quail, A Motorsports Gathering), The Amelia Concours Auction (the official auction of The Amelia Concours), The Porsche Auction in collaboration with Air | Water by Luftgekühlt, the Las Vegas Auction in partnership with Concours at Wynn Las Vegas, as well as international auctions held in partnership with Concorso d’Eleganza Villa d’Este, Zoute Grand Prix, and Auto Zürich. Learn more at broadarrowauctions.com and follow us on Instagram, Facebook, LinkedIn, and X.  

About Hagerty, Inc. (NYSE: HGTY)

Hagerty is a company built by drivers for drivers, protecting 2.7 million vehicles in the United States, Canada and the UK. We make it easier and more enjoyable for enthusiasts to drive and celebrate the machines they love through innovative insurance products, live and digital auctions, engaging media and events, as well as the Hagerty Drivers Club, the world’s largest community of car lovers.  

For more information, please visit www.hagerty.com or www.newsroom.hagerty.com.   

Forward-Looking Statements - This press release contains statements that constitute “forward-looking statements” within the meaning of the federal securities laws. All statements provided, other than statements of historical fact, are forward-looking statements, including those regarding Hagerty’s future operating results and financial position, Hagerty’s business strategy and plans, products, services, and technology implementations, market conditions, growth and trends, expansion plans and opportunities, and Hagerty’s objectives for future operations. The words “anticipate,” “believe,” “envision,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue,” “ongoing,” “contemplate,” and similar expressions, and the negative of these expressions, are intended to identify forward-looking statements.

Hagerty has based these forward-looking statements largely on current expectations about future events, which may not materialize. Actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. These factors include, among other things, Hagerty’s ability to: (i) compete effectively within our industry and attract and retain our insurance policyholders and paid Hagerty Drivers Club (“HDC”) subscribers; (ii) maintain key strategic relationships with our insurance distribution and underwriting carrier partners; (iii) prevent, monitor, and detect fraudulent activity; (iv) manage risks associated with disruptions, interruptions, outages or other issues with our technology platforms or our use of third-party services; (v) accelerate the adoption of our membership and marketplace products and services, as well as any new insurance programs and products we offer; (vi) manage the cyclical nature of the insurance business, including through any periods of recession, economic downturn or inflation; (vii) address unexpected increases in the frequency or severity of claims, and (viii) comply with the numerous laws and regulations applicable to our business, including state, federal and foreign laws relating to insurance and rate increases, privacy, the internet, and accounting matters.

The forward-looking statements herein represent the judgment of Hagerty as of the date of this release and Hagerty disclaims any intent or obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. This press release should be read in conjunction with the information included in Hagerty’s other press releases, reports and other filings with the Securities and Exchange Commission. Understanding the information contained in these filings is important in order to fully understand Hagerty’s reported financial results and its business outlook for future periods. 

2018 Pagani Zonda 760 Unica set for Broad Arrow's Concorso d'Eleganza Villa d'Este Auction 2018 Pagani Zonda 760 Unica set for Broad Arrow's Concorso d'Eleganza Villa d'Este Auction

2018 Pagani Zonda 760 Unica set for Broad Arrow's Concorso d'Eleganza Villa d'Este Auction Credit - Keno Zache/Courtesy of Broad Arrow Auctions 2018 Pagani Zonda 760 Unica set for Broad Arrow's Concorso d'Eleganza Villa d'Este Auction Credit - Keno Zache/Courtesy of Broad Arrow Auctions

Paso Robles, California, April 22, 2026 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), is thrilled to announce the result of a unique, single-car auction—the first North American public auction of a Gordon Murray Automotive T.50—at a stop along the celebrated California Mille on the evening of April 21 in Paso Robles, California.

The 2025 Gordon Murray Automotive T.50, chassis number 009, is one of 100 examples built of “the world’s greatest driver’s car”, with the example on offer finished in bespoke Reef red and showing less than 30 delivery miles. The famed modern supercar from the designer of the McLaren F1 is powered by a 3.9-liter Cosworth GMA V-12 naturally aspirated engine, producing 661 horsepower at 11,000 rpm with a maximum engine speed of 12,100 rpm. That power is driven through a six-speed manual transmission and boosted by active and fan-assisted aerodynamics, all boasting a sub-1,000-kilogram dry weight.

The T.50 was presented during a dinner held for California Mille participants, drawing significant interest from multiple bidders in the room and eventually selling for a final $8,035,000 to a rally entrant. The 2026 California Mille pays special tribute to the Gordon Murray Automotive T.50, with five examples participating in the rally. A portion of proceeds from the sale of this incredibly rare supercar will benefit both the California Highway Patrol (CHP) 11-99 Foundation, which provides emergency assistance to California Highway Patrol employees and their families, as well as McPherson College’s renowned Automotive Restoration Program in honor of its 50th anniversary.

“The T.50 result is another spectacular example of the strength of the supercar market among today’s most active collectors,” says Alexander Weaver, Senior Car Specialist and Vice President at Broad Arrow. “This nearly unobtainable icon from the legendary Gordon Murray is one of the cars to have, and we were honored to present it to a room of some of the world’s preeminent collectors and driving enthusiasts along one of the most beautiful tours in the hobby.”

Results and more information on the T.50 are available at broadarrowauctions.com. Broad Arrow continues its auction calendar in Southern California this weekend on April 25, with the company’s third annual single-marque Porsche Air|Water Auction during the renowned Air|Water Experience by the creators of Luftgekühlt. More than 60 exceptional Porsche and RUF collector cars along with a selection of sought-after Porsche memorabilia items are on offer, led by a PTS Riviera Blue 2015 Porsche 918 Spyder Weissach Package and a Viper Green 1988 Porsche 959 SC Reimagined by Canepa, and a 2025 RUF SCR. Learn more and register to bid at broadarrowauctions.com.

Editor’s Notes

Photo Captions/Credits: Catalog images of the 2025 Gordon Murray Automotive T.50 are by Patrick Ernzen/Courtesy of Broad Arrow Auctions. Auction images are by Andrew Snucins/Courtesy of Broad Arrow Auctions.

About Broad Arrow Auctions

Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), is a leading global collector car auction house founded in 2021 by industry veterans. As the fastest-growing auction house in its segment, Broad Arrow connects exceptional collector cars with enthusiasts worldwide through flagship events including The Broad Arrow Quail Auction (the official auction of The Quail, A Motorsports Gathering), The Amelia Concours Auction (the official auction of The Amelia Concours), The Porsche Auction in collaboration with Air | Water by Luftgekühlt, the Las Vegas Auction in partnership with Concours at Wynn Las Vegas, as well as international auctions held in partnership with Concorso d’Eleganza Villa d’Este, Zoute Grand Prix, and Auto Zürich.

Learn more at broadarrowauctions.com and follow us on Instagram, Facebook, LinkedIn, and X. 

About Hagerty, Inc. (NYSE: HGTY)

Hagerty is a company built by drivers for drivers, protecting 2.7 million vehicles in the United States, Canada and the UK. We make it easier and more enjoyable for enthusiasts to drive and celebrate the machines they love through innovative insurance products, live and digital auctions, engaging media and events, as well as the Hagerty Drivers Club, the world’s largest community of car lovers.  

For more information, please visit www.hagerty.com or www.newsroom.hagerty.com.   

Forward-Looking Statements - This press release contains statements that constitute “forward-looking statements” within the meaning of the federal securities laws. All statements provided, other than statements of historical fact, are forward-looking statements, including those regarding Hagerty’s future operating results and financial position, Hagerty’s business strategy and plans, products, services, and technology implementations, market conditions, growth and trends, expansion plans and opportunities, and Hagerty’s objectives for future operations. The words “anticipate,” “believe,” “envision,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue,” “ongoing,” “contemplate,” and similar expressions, and the negative of these expressions, are intended to identify forward-looking statements.

Hagerty has based these forward-looking statements largely on current expectations about future events, which may not materialize. Actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. These factors include, among other things, Hagerty’s ability to: (i) compete effectively within our industry and attract and retain our insurance policyholders and paid Hagerty Drivers Club (“HDC”) subscribers; (ii) maintain key strategic relationships with our insurance distribution and underwriting carrier partners; (iii) prevent, monitor, and detect fraudulent activity; (iv) manage risks associated with disruptions, interruptions, outages or other issues with our technology platforms or our use of third-party services; (v) accelerate the adoption of our membership and marketplace products and services, as well as any new insurance programs and products we offer; (vi) manage the cyclical nature of the insurance business, including through any periods of recession, economic downturn or inflation; (vii) address unexpected increases in the frequency or severity of claims, and (viii) comply with the numerous laws and regulations applicable to our business, including state, federal and foreign laws relating to insurance and rate increases, privacy, the internet, and accounting matters.

The forward-looking statements herein represent the judgment of Hagerty as of the date of this release and Hagerty disclaims any intent or obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. This press release should be read in conjunction with the information included in Hagerty’s other press releases, reports and other filings with the Securities and Exchange Commission. Understanding the information contained in these filings is important in order to fully understand Hagerty’s reported financial results and its business outlook for future periods.

The 2025 Gordon Murray Automotive T.50, chassis 009, offered during Broad Arrow's special single-car auction on the 2026 California Mille Rally Broad Arrow Auctioneer Eli Rodriguez conducts bidding for the sale of the 2025 Gordon Murray Automotive T.50 at the Allegretto Vineyard Resort stop on the 2026 California Mille

The 2025 Gordon Murray Automotive T.50, chassis 009, offered during Broad Arrow's special single-car... Credit - Patrick Ernzen/Courtesy of Broad Arrow Auctions Broad Arrow Auctioneer Eli Rodriguez conducts bidding for the sale of the 2025 Gordon Murray Automot... Credit - Andrew Snucins/Courtesy of Broad Arrow Auctions

BICESTER, United Kingdom, April 24, 2026 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), is proud to present the exceptional catalogue of collector cars for its second annual sale as the official auction partner of the Concorso d’Eleganza Villa d’Este Auction, set for 16-17 May at Villa Erba on the shores of Lake Como.

The sale features over 75 curated collector cars and a selection of memorabilia available to view via the newly launched digital catalogue, with a highly sought-after Ferrari Daytona SP3 leading an unrivalled selection of 20 collectable Ferrari models.

“Our Concorso d’Eleganza Villa d’Este Auction is now an eagerly anticipated event,” says Joe Twyman, VP of Sales for Broad Arrow’s EMEA Region. “Broad Arrow continues to distinguish itself through a thoughtful, highly selective approach to consignments, and this stunning Ferrari Daytona SP3 confirms that. Rather than relying on spectacle, we have built a reputation for carefully composed consignments that speak directly to knowledgeable collectors, and our choice of very special Ferraris to be presented at Villa Erba speaks for itself.”

2023 Ferrari Daytona SP3 (Estimate: €6.500.000 - €8.500.000)

One of just 600 Daytona SP3s produced, this single-owner example displays only 743 kilometres. Finished in Rosso Magma Tri-Coat over a Blu Elettrico Alcantara interior, the car features numerous carbon fibre elements, airbrushed fender shields, a suspension lifter and it is supplied with a carbon fibre hardtop.

The Ferrari Daytona SP3, the second model in Ferrari’s ‘Icona Series,’ is a tribute to the 6th of February 1967 when Ferrari swept to first, second and third at the 24 Hours of Daytona, completing a very personal act of defiance against Henry Ford II. 

Years later, SP3 designer Jason Furtado spent three years under Ferrari chief designer Flavio Manzoni translating those prototype racers into something road-legal. It adopts styling cues from the 1967 winning 330 P3/4s and many other iconic Ferraris, including Pininfarina's 1968 250 P5 Berlinetta Speciale concept.

Behind the driver sits a 6.5 litre naturally aspirated V12, producing 829 horsepower—Ferrari's most powerful road-going engine ever. Derived from the 812 Competizione's F140 unit, it was thoroughly reworked with titanium pistons, cams, connecting rods and valves.

Only 600 SP3s were built, selling out before production began. This example, finished in Rosso Magma Tri-Coat has its lower bodywork, hardtop, outer mirrors and bonnet lip all rendered in carbon fibre, in keeping with the model’s weight-conscious ethos. Gloss black callipers feature, along with coveted airbrushed Scuderia Ferrari shields and the diamond-polished forged wheels complete the exterior specification. This is certainly one of the most collectable and sought-after modern Ferraris in today’s market.

2008 Ferrari 430 Scuderia (Estimate: €700.000 - €800.000)

This stunning Ferrari 430 Scuderia was ordered new through Ferrari dealer, Lumani Krüger in Germany in Porsche Grün over Tessuto Nero, thought to be the only example of its type finished in this shade. The vibrant paint was paired with equally striking gold racing stripes and gold-finished 19-inch alloy wheels, making it one of the most striking Scuderia specifications ever created. This car is also highly specified with four-point harnesses, a rollover bar, carbon fibre front and rear elements, carbon entry sills, a carbon LED steering wheel trimmed in Alcantara and Verde deviated stitching throughout.

At the time of cataloguing, this 430 Scuderia shows fewer than 10,000 kilometres and is offered at a time when special series, naturally aspirated Ferraris continue to command intense attention from discerning collectors.

Additional Ferraris featured in Broad Arrow’s Concorso d’Eleganza Villa d’Este Auction include: 

1956 Ferrari 250 GT Boano Alloy Coupe 1968 Ferrari 330 GTC (Offered without reserve)1968 Ferrari 330 GTS1972 Ferrari Dino 246 GT (Offered without reserve)1973 Ferrari Dino 246 GTS1979 Ferrari 308 GTS (Offered without reserve)1988 Ferrari 328 GTS (Offered without reserve)1990 Ferrari F40 1993 Ferrari 512 TR2004 Ferrari 612 Scaglietti – Manual Transmission (Offered without reserve)1996 Ferrari F512M2002 Ferrari 550 Barchetta Pininfarina 2004 Ferrari 360 Challenge Stradale 2008 Ferrari 599 GTB Fiorano (Offered without reserve)2010 Ferrari 599 GTB Fiorano HGTE2022 Ferrari 812 Competizione 2024 Ferrari SF90 Spider (Offered without reserve) “We are truly excited to present the complete catalogue for our Concorso d’Eleganza Villa d’Este Auction,” says Philip Kantor, Vice Chairman of Europe and Senior Car Specialist for Broad Arrow. “We have everything from modern classic supercars to the very earliest examples of motoring, a perfect selection to offer the most discerning collectors on the beautiful shores of Lake Como.”

The full 2026 Concorso d’Eleganza Villa d’Este Auction digital catalogue can be viewed here. 

Interested bidders are invited to contact a Broad Arrow Car Specialist at +44 20 4592 0169 (UK), + 32 476 879 471 (Europe) or on +1 313 312 0780 (North America) or via email at [email protected]. Bidder registration and further details on all cars on offer are available at broadarrowauctions.com. Collectors are also invited to discuss consignments for other Broad Arrow auctions taking place in Europe in 2026, including the Zoute Concours Auction on 9 October and Zürich Auction on 7 November.

Members of the press on official editorial assignment and like-minded content creators are invited to apply for media credentials to attend Broad Arrow’s Concorso d’Eleganza Villa d’Este preview and auction by writing to [email protected] until 1 May, 2026.

Ends.

Editor’s Notes  

About Broad Arrow Auctions

Broad Arrow Auctions, driven by Hagerty (NYSE: HGTY), is a leading global collector car auction house founded in 2021 by industry veterans. As the fastest-growing auction house in its segment, Broad Arrow connects exceptional collector cars with enthusiasts worldwide through flagship events including The Broad Arrow Quail Auction (the official auction of The Quail, A Motorsports Gathering), The Amelia Concours Auction (the official auction of The Amelia Concours), The Porsche Auction in collaboration with Air | Water by Luftgekühlt, the Las Vegas Auction in partnership with Concours at Wynn Las Vegas, as well as international auctions held in partnership with Concorso d’Eleganza Villa d’Este, Zoute Grand Prix, and Auto Zürich.

Learn more at broadarrowauctions.com and follow us on Instagram, Facebook, LinkedIn, and X. 

About Hagerty, Inc. (NYSE: HGTY)

Hagerty is a company built by drivers for drivers, protecting 2.7 million vehicles in the United States, Canada and the UK. We make it easier and more enjoyable for enthusiasts to drive and celebrate the machines they love through innovative insurance products, live and digital auctions, engaging media and events, as well as the Hagerty Drivers Club, the world’s largest community of car lovers.  

For more information, please visit www.hagerty.com or www.newsroom.hagerty.com.   

Forward-Looking Statements - This press release contains statements that constitute “forward-looking statements” within the meaning of the federal securities laws. All statements provided, other than statements of historical fact, are forward-looking statements, including those regarding Hagerty’s future operating results and financial position, Hagerty’s business strategy and plans, products, services, and technology implementations, market conditions, growth and trends, expansion plans and opportunities, and Hagerty’s objectives for future operations. The words “anticipate,” “believe,” “envision,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue,” “ongoing,” “contemplate,” and similar expressions, and the negative of these expressions, are intended to identify forward-looking statements.

Hagerty has based these forward-looking statements largely on current expectations about future events, which may not materialize. Actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. These factors include, among other things, Hagerty’s ability to: (i) compete effectively within our industry and attract and retain our insurance policyholders and paid Hagerty Drivers Club (“HDC”) subscribers; (ii) maintain key strategic relationships with our insurance distribution and underwriting carrier partners; (iii) prevent, monitor, and detect fraudulent activity; (iv) manage risks associated with disruptions, interruptions, outages or other issues with our technology platforms or our use of third-party services; (v) accelerate the adoption of our membership and marketplace products and services, as well as any new insurance programs and products we offer; (vi) manage the cyclical nature of the insurance business, including through any periods of recession, economic downturn or inflation; (vii) address unexpected increases in the frequency or severity of claims, and (viii) comply with the numerous laws and regulations applicable to our business, including state, federal and foreign laws relating to insurance and rate increases, privacy, the internet, and accounting matters.

The forward-looking statements herein represent the judgment of Hagerty as of the date of this release and Hagerty disclaims any intent or obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. This press release should be read in conjunction with the information included in Hagerty’s other press releases, reports and other filings with the Securities and Exchange Commission. Understanding the information contained in these filings is important in order to fully understand Hagerty’s reported financial results and its business outlook for future periods.

2023 Ferrari Daytona SP3 2008 Ferrari 430 Scuderia

2023 Ferrari Daytona SP3 Credit - Remi Dargegen/Courtesy of Broad Arrow Auction 2008 Ferrari 430 Scuderia Credit - Matteo Balzanelli/Courtesy of Broad Arrow Auctions

First quarter 2026 Highlights

Completed strategic evolution to assume control of Markel program and 100% of premium post transition to fronting arrangement Strong underlying operational performance with growth in written premiums, earned premium and members Transition to fronting arrangement resulted in decrease to reported revenue as previously disclosed Written Premium increased 18% to $289 million Policies in force increased 15% to 1.8 million with a record 112,000 new policies added in the first quarter Earned premium increased 42% to $240 million Net Loss of $13 million, including $89 million of pre-tax Markel Fronting Arrangement transitional costs, compared to Net Income of $27 million in the prior year period Adjusted EBITDA (a non-GAAP measure) increased 77% to $85 million, compared to $48 million in the prior year period Reaffirmed 2026 Outlook for Written Premium growth of 15% to 16% , /PRNewswire/ -- Hagerty, Inc. (NYSE: HGTY) makes it easier and more enjoyable for car enthusiasts to drive and celebrate the vehicles they love — through specialty vehicle insurance, live and digital auctions, engaging media and events, and the Hagerty Drivers Club, the world's largest membership community of car lovers. Today the company announced financial results for the three months ended March 31, 2026.

"First quarter results and the breadth of momentum across our ecosystem give us increasing confidence in our full year outlook that we reaffirmed today. We delivered 18% written premium growth in the first quarter, ahead of our full year outlook, and earned premium growth of 42% with the January 1, 2026 increase in quota share to 100%. 2026 is performing better than expected economically, even if the financial presentation looks different as we transition to the new Markel Fronting Arrangement. The presentation is different but the business is not, as we delivered another quarter of record growth," said McKeel Hagerty, Chief Executive Officer and Chairman of Hagerty.

"Our business momentum is showing up across the ecosystem - and Broad Arrow is no exception. During the first quarter, Broad Arrow hosted the most successful sale in the 31-year history of Amelia Car Week, delivering $111 million in total sales with a 92% sell-through rate and over 1,000 bidders from 23 countries. Results like this are the product of four decades of building trust, one member and one partner at a time, and they reflect exactly the kind of member-centric company that Hagerty is building for the long-term," added Mr. Hagerty.

FIRST QUARTER 2026 FINANCIAL HIGHLIGHTS

First quarter 2026 Written Premium increased 18% year-over-year to $289 million First quarter 2026 Earned Premium increased 42% year-over-year to $240 million, driven by the combination of strong written premium growth and the January 1, 2026 transition to 100% quota share under the new fronting arrangement Policies in Force Retention was 88.5% as of March 31, 2026 compared to 89.0% in the prior year period, and policies in force count increased 15% year-over-year to 1.8 million First quarter 2026 Commission and fee revenue decreased 84% year-over-year to $16 million, as Markel commission revenue is eliminated upon consolidation under the new fronting arrangement First quarter 2026 Marketplace revenue decreased 12% year-over-year to $26 million, with strong year-over-year growth in auction sales at The Amelia offset by lower inventory sales from the prior year's one-time sale of vehicles acquired from The Academy of Art University Collection First quarter 2026 Membership and other revenue increased 6% year-over-year to $22 million Hagerty Drivers Club (HDC) paid members increased 6% year-over-year to over 940,000 First quarter 2026 Net investment income increased 13% year-over-year to $10 million First quarter 2026 Total Revenue decreased 5% year-over-year to $312 million, reflecting the transition to the Markel Fronting Arrangement First quarter 2026 Loss before taxes of $21 million, including $89 million of Markel Fronting Arrangement transitional costs First quarter 2026 Hagerty Re Loss Ratio was 38.4% compared to 42.0% in the prior year period, including $6 million of favorable prior accident year loss development First quarter 2026 Hagerty Re Combined Ratio was 86.5% compared to 88.5% in the prior year period Transition to new fronting arrangement and Article 7 reporting results in a different classification of certain expenses, impacting the period-to-period comparability of Policy acquisition costs, net (+$25 million), Underwriting and other insurance expenses (+$58 million), and Selling, general, and administrative expenses (-$72 million) First quarter 2026 Net Loss of $13 million, including $89 million of pre-tax Markel Fronting Arrangement transitional costs, compared to Net Income of $27 million in the prior year period First quarter 2026 Adjusted EBITDA (a non-GAAP measure) increased 77% year-over-year to $85 million, compared to $48 million in the prior year period First quarter 2026 Basic and Diluted Loss Per Share were $(0.06); Adjusted Diluted Loss Per Share (a non-GAAP measure) was $(0.04) The Company had $212 million of unrestricted cash and $229 million of total debt, $110 million of which was back leverage for Broad Arrow Capital's portfolio of loans collateralized by collector cars The definitions and reconciliations of non-GAAP financial measures are provided under the heading Key Performance Indicators and Certain Non-GAAP Financial Measures at the end of this press release.

2026 OUTLOOK - SUSTAINED COMPOUNDING GROWTH

We believe 2026 is on track to be another great year of underlying profit growth for Hagerty as our team executes on our long-term plan to deliver compounding premium growth through investing in our long-term competitive advantages with our member-centric approach. As of January 1, 2026, we moved to a 100% quota share arrangement with our long-term partner, Markel, where we retain 100% of the premium and risk from our high-quality, historically low volatility underwriting. We also remain focused on delivering this growth more efficiently through the benefits of scale, continued cost discipline, and investments in our technology platform.

For full year 2026, Hagerty anticipates: Written Premium growth of 15% to 16% Total Revenue change of (12)% to (11)%, as Markel-related commission revenue is eliminated under the Markel Fronting Arrangement1 Net Loss of $(51) million to $(41) million, including ~$190 million of Markel Fronting Arrangement transitional costs2 Adjusted EBITDA of $236 million to $247 million

2026 Outlook ($)

2026 Outlook (%)

in thousands

2025 Results

Low End

High End

Low End

High End

Total Written Premium

$1,193,548

$1,373,000

$1,385,000

15 %

16 %

Total Revenue1

$1,456,389

$1,280,000

$1,300,000

(12) %

(11) %

Net Income (Loss)2, 3

$149,225

$(51,000)

$(41,000)

N/M

N/M

Adjusted EBITDA4

$236,791

$236,000

$247,000

— %

4 %

1

Revenue guidance reflects the accounting impact of the Markel Fronting Arrangement. Beginning in 2026, we now control the Essentia book of business with the benefit of our MGA services received by Hagerty Re and not Essentia. As a result, commission revenue and the associated ceding commission expense for policies issued through the Markel Fronting Arrangement are now eliminated in consolidation. Although we expect the arrangement to result in increased profitability (as reflected in Adjusted EBITDA), reported commission revenue and ceding commission expense will be significantly lower than prior periods, affecting period-to-period comparability. 2025 commission revenue associated with our alliance agreement with Markel was $437 million and ceding commission expense related to the Company's reinsurance quota share agreement with Markel was $344 million in 2025.

2

The projected Net Loss includes approximately $190 million of pre-tax transitional costs related to the Markel Fronting Arrangement representing deferred ceding commissions paid to Markel for policies written prior to January 1, 2026, which will be fully amortized ratably over the remaining term of those policies throughout 2026. This amortization will decline from $89 million in Q1 2026 to approximately $10 million in Q4 2026 as 2025 policies expire. Excluding these transitional costs, we expect 2026 to reflect underlying profitability improvement.

3

Full year 2025 Net Income includes (i) the benefit from the $42 million release of a portion of our valuation allowance, partially offset by a $32 million loss related to the change in value of the TRA liability; and (ii) a $21 million reduction in reserves in the fourth quarter, primarily related to favorable development for the 2024 accident year and improvement in current accident year experience.

4

See Non-GAAP Financial Measures below for additional information regarding this non-GAAP financial measure.

N/M = Not meaningful

Conference Call Details
Hagerty will hold a conference call to discuss the financial results on Wednesday, May 6, 2026 10:00 am Eastern Time. A webcast of the conference call, including its Investor Presentation highlighting first quarter 2026 financial results, will be available on Hagerty's investor relations website at investor.hagerty.com. The dial-in for the conference call is (877) 423-9813 (toll-free) or (201) 689-8573 (international). Please dial the number 10 minutes prior to the scheduled start time.

A webcast replay of the call will be available at investor.hagerty.com following the call.

Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements" within the meaning of the federal securities laws. All statements we provide, other than statements of historical fact, are forward-looking statements, including those regarding Hagerty's future operating results and financial position, Hagerty's business strategy and plans, products, services, and technology implementations, market conditions, growth and trends, expansion plans and opportunities, and Hagerty's objectives for future operations. The words "anticipate," "believe," "envision," "estimate," "expect," "intend," "may," "plan," "predict," "project," "target," "potential," "will," "would," "could," "should," "continue," "ongoing," "contemplate," and similar expressions, and the negatives of these expressions, are intended to identify forward-looking statements.

Hagerty has based these forward-looking statements largely on current expectations about future events, which may not materialize. Actual results could differ materially and adversely from those anticipated or implied in forward-looking statements. These factors include, among other things, Hagerty's ability to: (i) compete effectively within Hagerty's industry and attract and retain insurance policyholders and paid Hagerty Drivers Club ("HDC") subscribers; (ii) maintain key strategic relationships with Hagerty's insurance distribution and underwriting carrier partners; (iii) prevent, monitor, and detect fraudulent activity; (iv) manage risks associated with disruptions, interruptions, outages, or other issues with Hagerty's technology platforms or use of third-party services; (v) accelerate the adoption of Hagerty's membership and marketplace products and services, as well as any new insurance programs and products offered; (vi) successfully implement the fronting arrangement consummated with Markel and realize the anticipated benefits while also managing the increased exposure to underwriting volatility, catastrophes, reinsurance counterparty risk, and legal, compliance, and regulatory risks resulting from the shift to Hagerty Re assuming 100% of the risk for policies written through this arrangement; (vii) underwrite and price new products, including Enthusiast+, consistent with expected loss ratios and risk tolerances; (viii) execute Broad Arrow's private sale, auction, and financing strategies; (ix) manage the cyclical nature of the insurance business and broader macroeconomic conditions, including inflation, interest rates, and potential recessionary pressures; (x) achieve Hagerty's investment objectives and avoid losses in the investment portfolio; (xi) address unexpected increases in the frequency or severity of claims, including catastrophe losses; and (xii) comply with numerous laws and regulations applicable to Hagerty's business, including without limitation state, federal, and foreign laws relating to insurance and rate increases, privacy and cybersecurity, marketing and advertising, digital services, accounting matters, tax, anti-money laundering, and economic sanctions.

The forward-looking statements in this release represent Hagerty's views as of the date hereof. You should not rely on forward-looking statements as predictions of future events. We operate in a very competitive and rapidly changing environment and new risks emerge from time to time. This presentation should be read in conjunction with the information included in filings with the SEC and press releases. Understanding the information contained in these filings is important in order to fully understand Hagerty's reported financial results and business outlook for future periods. In addition, this presentation contains certain "non-GAAP financial measures". The non-GAAP measures are presented for supplemental informational purposes only. These financial measures are not recognized measures under GAAP and should not be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. Reconciliations to the most directly comparable financial measure calculated and presented in accordance with GAAP are provided in the appendix to this presentation.

About Hagerty
Hagerty is a company built by drivers for drivers, protecting 2.9 million vehicles in the United States, Canada and the UK. We make it easier and more enjoyable for car enthusiasts to drive and celebrate the vehicles they love through innovative vehicle insurance products, live and digital auctions, engaging media and events, and the Hagerty Drivers Club, the world's largest membership community of car lovers.

For more information, please visit www.hagerty.com or www.newsroom.hagerty.com. Never Stop Driving®.

Category: Financial
Source: Hagerty

Hagerty, Inc.

Condensed Consolidated Statements of Operations (Unaudited)

Three months ended March 31,

2026

2025

$ Change

% Change

REVENUES:

in thousands (except percentages and per share amounts)

Earned premium, net

$    239,642

$    169,355

$      70,287

41.5 %

Commission and fee revenue

16,435

100,287

(83,852)

(83.6) %

Marketplace revenue

25,652

29,086

(3,434)

(11.8) %

Membership and other revenue

22,127

20,865

1,262

6.0 %

Net investment income

10,263

9,058

1,205

13.3 %

Net investment losses

(2,289)

(315)

(1,974)

N/M

Total revenue

311,830

328,336

(16,506)

(5.0) %

EXPENSES:

Losses and loss adjustment expenses

97,919

71,130

26,789

37.7 %

Policy acquisition costs, net

101,922

77,333

24,589

31.8 %

Underwriting and other insurance expenses

59,588

1,357

58,231

N/M

Selling, general, and administrative expenses

72,416

144,045

(71,629)

(49.7) %

Interest expense and other, net

922

1,689

(767)

(45.4) %

Total expenses

332,767

295,554

37,213

12.6 %

INCOME (LOSS) BEFORE TAXES

(20,937)

32,782

(53,719)

(163.9) %

Income tax (expense) benefit

8,192

(5,489)

13,681

N/M

NET INCOME (LOSS)

(12,745)

27,293

(40,038)

(146.7) %

Net (income) loss attributable to non-controlling interest

8,254

(18,922)

27,176

143.6 %

Accretion of Series A Convertible Preferred Stock

(2,030)

(1,875)

155

8.3 %

NET INCOME (LOSS) ATTRIBUTABLE TO CLASS A COMMON STOCKHOLDERS

$      (6,521)

$        6,496

$     (13,017)

(200.4) %

Earnings (loss) per share of Class A Common Stock:

Basic

$        (0.06)

$         0.07

Diluted

$        (0.06)

$         0.07

Weighted average shares of Class A Common Stock outstanding:

Basic

101,034

90,047

Diluted

101,034

346,311

N/M = Not meaningful

Hagerty, Inc.

Condensed Consolidated Balance Sheets (Unaudited)

March 31,

December 31,

2026

2025

ASSETS

in thousands (except share amounts)

Fixed maturity securities available-for-sale, at fair value (amortized cost: $670,922 in 2026, $687,813 in 2025)

$           673,100

$           696,271

Equity securities, at fair value

47,804

34,871

Total investments

720,904

731,142

Cash and cash equivalents

212,371

160,177

Restricted cash and cash equivalents

154,362

138,823

Accounts receivable

27,993

98,872

Premiums receivable

92,446

180,529

Deferred acquisition costs, net

143,552

179,224

Reinsurance recoverables

11,863

15,296

Prepaid reinsurance premiums

40,405

21,950

Notes receivable

148,944

113,887

Intangible assets, net

89,125

88,915

Goodwill

114,150

114,164

Deferred tax assets

40,092

43,011

Other assets

228,386

207,986

TOTAL ASSETS

$         2,024,593

$         2,093,976

LIABILITIES, TEMPORARY EQUITY AND STOCKHOLDERS' EQUITY

Accounts payable and accrued expenses

$            85,847

$           111,947

Advance premiums

50,748

28,287

Due to insurers

14,366

94,930

Losses payable and reserves for unpaid losses and loss adjustment expenses

203,987

264,204

Unearned premiums

508,003

412,058

Ceding commissions payable

1,870

86,165

Debt, net

228,608

177,907

Contract liabilities

46,383

46,450

Deferred tax liability

5,697

23,489

Tax receivable agreement liability

38,284

39,829

Other liabilities

106,757

61,684

TOTAL LIABILITIES

1,290,550

1,346,950

Commitments and Contingencies

—

—

TEMPORARY EQUITY

Preferred stock, $0.0001 par value (20,000,000 shares authorized, 8,483,561 Series A Convertible Preferred Stock issued and outstanding as of March 31, 2026 and December 31, 2025) 1

88,648

86,618

STOCKHOLDERS' EQUITY

Class A Common Stock, $0.0001 par value (500,000,000 shares authorized, 101,085,283 and 100,706,893 issued and outstanding as of March 31, 2026 and December 31, 2025, respectively)

10

10

Class V Common Stock, $0.0001 par value (300,000,000 authorized, 241,552,156 shares issued and outstanding as of March 31, 2026 and December 31, 2025)

24

24

Additional paid-in capital

626,166

623,013

Accumulated earnings (deficit)

(407,451)

(402,960)

Accumulated other comprehensive income (loss)

(66)

1,229

Total stockholders' equity

218,683

221,316

Non-controlling interest

426,712

439,092

Total equity

645,395

660,408

TOTAL LIABILITIES, TEMPORARY EQUITY AND STOCKHOLDERS' EQUITY

$         2,024,593

$         2,093,976

1

The Series A Convertible Preferred Stock is recorded within Temporary Equity because it has equity conversion and cash redemption features.

Hagerty, Inc.

Condensed Consolidated Statements of Cash Flows (Unaudited)

Three months ended March 31,

2026

2025

OPERATING ACTIVITIES:

in thousands

Net income (loss)

$           (12,745)

$            27,293

Adjustments to reconcile net income (loss) to net cash from operating activities:

Loss on disposals of equipment, software, and other assets

213

1,136

Depreciation and amortization

9,706

9,488

Provision for deferred taxes

(13,528)

(939)

Share-based compensation expense

4,617

4,392

Non-cash lease expense

2,108

2,109

Net investment losses

2,289

315

(Accretion) amortization of discount and premium, net

(1,358)

(1,184)

Amortization of gain on loss portfolio transfer

(1,308)

—

Other

575

1,852

Changes in assets and liabilities:

Accounts and premiums receivable

157,636

(42,812)

Deferred acquisition costs, net

35,672

4,196

Reinsurance recoverables

3,433

(7,561)

Prepaid reinsurance premiums

(18,455)

(8,285)

Advance premiums

22,512

19,921

Due to insurers

(80,441)

25,336

Losses payable and reserves for unpaid losses and loss adjustment expenses

(60,217)

(14,958)

Unearned premiums

95,945

(5,377)

Ceding commissions payable

(84,295)

1,926

Other assets and liabilities, net

(46,106)

26,982

Net Cash Provided by Operating Activities

16,253

43,830

INVESTING ACTIVITIES:

Capital expenditures

(7,712)

(5,389)

Issuance of notes receivable

(48,133)

(9,886)

Collection of notes receivable

14,014

1,650

Purchases of fixed maturity securities

(149,982)

(39,150)

Purchases of equity securities

(51,041)

(246)

Proceeds from maturities and sales of fixed maturity securities

167,537

48,526

Proceeds from sales of equity securities

35,405

247

Other investing activities

(13)

(233)

Net Cash Used in Investing Activities

(39,925)

(4,481)

FINANCING ACTIVITIES:

Repayments of debt

(6,159)

(120,880)

Proceeds from debt, net of issuance costs

57,911

160,067

Proceeds from loss portfolio transfer

50,500

—

Claims payments made from loss portfolio transfer

(9,248)

—

Distributions paid to non-controlling interest unit holders

(359)

(24,676)

Funding of TRA Liability payments

(1,545)

(223)

Funding of employee tax obligations upon vesting of share-based payments

(61)

(44)

Net Cash Provided by Financing Activities

91,039

14,244

Effect of exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents

366

(130)

Change in cash and cash equivalents and restricted cash and cash equivalents

67,733

53,463

Beginning cash and cash equivalents and restricted cash and cash equivalents

299,000

232,845

Ending cash and cash equivalents and restricted cash and cash equivalents

$           366,733

$           286,308

Key Performance Indicators and Non-GAAP Financial Measures

Key Performance Indicators

The tables below present a summary of our Key Performance Indicators, which include important operational metrics, as well as certain financial measures prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") and non-GAAP financial measures. We use these Key Performance Indicators to evaluate our business, measure our performance, identify trends against planned initiatives, prepare financial projections, and make strategic decisions. We believe these Key Performance Indicators are useful in evaluating our performance when read together with our Condensed Consolidated Financial Statements prepared in accordance with GAAP.

Three months ended March 31,

2026

2025

Change

GAAP Financial Measures

dollars in thousands (except per share amounts)

Total Revenue 1

$   311,830

$   328,336

$    (16,506)

(5.0) %

Income (loss) before taxes

$    (20,937)

$     32,782

$    (53,719)

(163.9) %

Net Income (Loss)

$    (12,745)

$     27,293

$    (40,038)

(146.7) %

Basic Earnings (Loss) Per Share

$       (0.06)

$        0.07

$       (0.13)

(185.7) %

Diluted Earnings (Loss) Per Share

$       (0.06)

$        0.07

$       (0.13)

(185.7) %

Non-GAAP Financial Measures

Adjusted EBITDA

$     85,185

$     48,151

$     37,034

76.9 %

Adjusted Net Income (Loss)

$    (13,144)

$     25,352

$    (38,496)

(151.8) %

Adjusted Diluted EPS

$       (0.04)

$        0.07

$       (0.11)

(157.1) %

Insurance Operational Metrics

Total Written Premium

$   288,946

$   244,327

$     44,619

18.3 %

Net Assumed Premium

$   317,346

$   155,651

$   161,695

103.9 %

Hagerty Re Loss Ratio

38.4 %

42.0 %

(3.6) %

N/M

Hagerty Re Combined Ratio

86.5 %

88.5 %

(2.0) %

N/M

New Business Count — Insurance

111,896

55,309

56,587

102.3 %

Marketplace Operational Metrics

Aggregate Auction Sales

$   135,379

$     75,336

$     60,043

79.7 %

Net Auction Sales

$   123,436

$     68,213

$     55,223

81.0 %

Private Sales

$     36,830

$     53,669

$    (16,839)

(31.4) %

BAC Average Loan Portfolio

$   135,270

$     62,784

$     72,486

115.5 %

N/M = Not meaningful

1

Total Revenue for the three months ended March 31, 2025 has been recast to include Net investment income and Net investment losses as components of revenue in accordance with the Article 7 reporting standards adopted in 2025. Total revenue as previously presented in accordance with Article 5 was $320 million for the three months ended March 31, 2025.

March 31,

2026

2025

Change

Insurance Operational Metrics

dollars in thousands

Policies in Force

1,760,400

1,524,927

235,473

15.4 %

Policies in Force Retention

88.5 %

89.0 %

(0.5) %

N/M

Vehicles in Force

2,910,661

2,609,209

301,452

11.6 %

HDC Paid Member Count

940,313

889,390

50,923

5.7 %

Marketplace Operational Metrics

BAC Loan Portfolio Balance

$   142,956

$     73,192

$     69,764

95.3 %

N/M = Not meaningful

Adjusted EBITDA

We define EBITDA as consolidated Net income (loss), excluding Interest expense and other, net, Income tax expense (benefit), and Depreciation and amortization. We define Adjusted EBITDA as EBITDA, further adjusted to (i) exclude net investment gains and losses; (ii) deduct interest expense related to the State Farm Term Loan; (iii) exclude share-based compensation expense; and when applicable, exclude (iv) restructuring, impairment and related charges; (v) gains, losses and impairments related to divestitures; and (vi) certain other unusual items, such as Markel Fronting Arrangement transitional costs during the three months ended March 31, 2026.

How This Measure is Useful

When used in conjunction with GAAP financial measures, Adjusted EBITDA is a supplemental measure of operating performance that we believe is a useful measure to evaluate our performance period over period and relative to our competitors and peers. Management uses Adjusted EBITDA to evaluate our operating performance on a consistent basis, as it removes the impact of items not directly resulting from our core operations. We believe the presentation of Adjusted EBITDA provides securities analysts, investors, and other interested parties with a supplemental view of our operating performance that enhances their understanding of our business and our results of operations, as well as assisting investors in evaluating how well we are executing our strategic initiatives.

Limitations of the Usefulness of This Measure

Adjusted EBITDA may differ from similarly titled measures used by other companies due to different methods of calculation, which could reduce the usefulness of this non-GAAP financial measure when comparing our performance to that of other companies. Presentation of Adjusted EBITDA is not intended to be considered in isolation or a substitute for, or superior to, the financial information prepared in accordance with GAAP. A reconciliation of Adjusted EBITDA to Net income (loss), the most directly comparable GAAP measure, is presented below.

Three months ended March 31,

2026

2025

in thousands

Net income (loss)

$         (12,745)

$           27,293

Interest expense and other, net 1

922

1,689

Income tax expense (benefit)

(8,192)

5,489

Depreciation and amortization

9,706

9,488

EBITDA

(10,309)

43,959

Markel Fronting Arrangement transitional costs 2

88,958

—

Net investment losses

2,289

315

Interest expense related to State Farm Term Loan 3

(515)

(515)

Share-based compensation expense

4,617

4,392

Other unusual items 4

145

—

Adjusted EBITDA

$           85,185

$           48,151

1

Excludes interest expense related to the BAC Credit Facility, which is recorded within "Selling, general, and administrative expenses" in the Condensed Consolidated Statements of Operations.

2

Represents the amortization of deferred ceding commissions paid to Markel for policies written prior to January 1, 2026. These costs relate exclusively to policies written prior to our entry into the Markel Fronting Arrangement and are being fully amortized ratably over the remaining term of those policies through December 31, 2026. We expect the amortization of these deferred ceding commissions to decline from $89.0 million in the first quarter of 2026 to approximately $10.0 million in the fourth quarter of 2026, as the remaining 2025 policy terms run off. Management excludes these costs from Adjusted EBITDA because they are transitional charges related solely to deferred ceding commissions on policies written prior to January 1, 2026, are expected to run off by December 31, 2026, and are not indicative of our ongoing operating performance under the Markel Fronting Arrangement.

3

Interest expense related to the State Farm Term Loan is charged against Adjusted EBITDA as it is directly attributable to the operations of Hagerty Re.

4

For the three months ended March 31, 2026, other unusual items includes additional severance expenses associated with the actions taken in the fourth quarter of 2025.

As a result of our transition to the Article 7 reporting standards, Net investment income is reported as a component of revenue and is no longer an adjustment in our reconciliation from Net income (loss) to Adjusted EBITDA. In addition, interest expense related to the State Farm Term Loan is now deducted from Adjusted EBITDA as it is directly attributable to Hagerty Re, which generates a significant portion of our net investment income. The following table presents a reconciliation of Adjusted EBITDA as presented in the prior period in accordance with Article 5, to the current presentation in accordance with Article 7:

Three months ended
March 31, 2025

in thousands

Prior presentation of Adjusted EBITDA

$                39,608

Net investment income

9,058

Interest expense related to State Farm Term Loan

(515)

Current presentation of Adjusted EBITDA

$                48,151

The following table reconciles Adjusted EBITDA for the year ended December 31, 2026 Outlook to the most directly comparable GAAP measure, which is Net income (loss):

2026 Low

2026 High

in thousands

Net loss 1

$         (51,000)

$         (41,000)

Interest expense and other, net 2

5,000

5,000

Income tax expense

33,000

34,000

Depreciation and amortization

40,000

40,000

Share-based compensation expense

19,000

19,000

Markel Fronting Arrangement transitional costs 1

190,000

190,000

Adjusted EBITDA

$         236,000

$         247,000

1

Represents the amortization of deferred ceding commissions paid to Markel for policies written prior to January 1, 2026. These costs relate exclusively to policies written prior to our entry into the Markel Fronting Arrangement and are being fully amortized ratably over the remaining term of those policies through December 31, 2026. We expect the amortization of these deferred ceding commissions to decline from $89.0 million in the first quarter of 2026 to approximately $10.0 million in the fourth quarter of 2026, as the remaining 2025 policy terms run off. Management excludes these costs from Adjusted EBITDA because they are transitional charges related solely to deferred ceding commissions on policies written prior to January 1, 2026, are expected to run off by December 31, 2026, and are not indicative of our ongoing operating performance under the Markel Fronting Arrangement.

2

Excludes interest expense related to the BAC Credit Facility, which is recorded within "Selling, general, and administrative expenses" in the Condensed Consolidated Statements of Operations.

Adjusted Net Income (Loss) and Adjusted Diluted EPS

Adjusted Net Income (Loss) represents Net income (loss) attributable to Class A Common Stockholders, assuming the full exchange of all outstanding THG units and Series A Convertible Preferred Stock for shares of Class A Common Stock, adjusted to exclude (i) net investment gains and losses; and when applicable, (ii) changes in the TRA Liability; (iii) gains and losses related to divestitures; and (iv) certain other unusual items, each of which we do not believe are directly related to our core operations and may not be indicative of our ongoing performance. Adjusted Diluted EPS is calculated by dividing Adjusted Net Income (Loss) by the weighted average shares of Class A Common Stock outstanding, assuming the full exchange of all outstanding THG units, Series A Convertible Preferred Stock, and unvested share-based compensation awards.

How These Measures Are Useful

When used in conjunction with GAAP financial measures, Adjusted Net Income (Loss) and Adjusted Diluted EPS are supplemental measures of operating performance that we believe are useful measures to evaluate our performance period over period and relative to our competitors and peers. Management uses Adjusted Net Income (Loss) and Adjusted Diluted EPS to evaluate our operating performance on a consistent basis to make strategic and operational decisions. We believe these measures provide management and investors with useful information regarding trends in our business that may not otherwise be apparent when relying solely on GAAP measures. By assuming the full exchange of all outstanding THG units and Series A Convertible Preferred Stock, we believe these measures facilitate comparisons with other companies that have different organizational and tax structures, as well as comparisons period over period because it eliminates the effect of any changes in Net income (loss) attributable to Class A Common Stockholders driven by increases in Hagerty, Inc.'s ownership in THG, which is unrelated to our operating performance, and excludes items that are unusual or may not be indicative of our ongoing performance.

Limitations of the Usefulness of These Measures

Adjusted Net Income (Loss) and Adjusted Diluted EPS may differ from similarly titled measures used by other companies due to different methods of calculation. Presentation of Adjusted Net Income (Loss) and Adjusted Diluted EPS should not be considered alternatives to Net income (loss) attributable to Class A Common Stockholders and Diluted EPS, as determined under GAAP. While these measures are useful in evaluating our performance, they assume the full exchange of all outstanding THG units and Series A Convertible Preferred Stock for shares of Class A Common Stock, which has not occurred and may not occur. Further, the adjustments made to arrive at Adjusted Net Income (Loss) exclude certain expenses and income that may recur in the future. Adjusted Net Income (Loss) and Adjusted Diluted EPS should be evaluated in conjunction with our GAAP financial results. A reconciliation of Adjusted Net Income (Loss) to Net income (loss) attributable to Class A Common Stockholders, the most directly comparable GAAP measure, and the computation of Adjusted Diluted EPS are presented below.

Three months ended March 31,

2026

2025

Numerator:

in thousands (except per share amounts)

Net income (loss) attributable to Class A Common Stockholders

$           (6,521)

$            6,496

Adjustments:

Accretion of Series A Convertible Preferred Stock

2,030

1,875

Net income (loss) attributable to non-controlling interest

(8,254)

18,922

Net investment losses

2,289

315

Other unusual items 1

145

—

Tax impact of above adjustments 2

(2,833)

(2,256)

Adjusted Net Income (Loss)

$         (13,144)

$           25,352

Denominator:

Weighted average shares of Class A Common Stock outstanding — Diluted

101,034

346,311

Adjustments:

Assumed exchange of non-controlling interest THG units for shares of Class A Common Stock

245,102

—

Assumed conversion of shares of Series A Convertible Preferred Stock into shares of Class A Common Stock

6,785

6,785

Assumed vesting of share-based compensation awards

8,007

6,881

Adjusted weighted average shares of Class A Common Stock outstanding — Diluted

360,928

359,977

Adjusted Diluted EPS

$             (0.04)

$              0.07

Three months ended March 31,

2026

2025

Diluted EPS

$             (0.06)

$              0.07

Impact of assumed exchange, conversion, or vesting of remaining potentially dilutive securities 3

0.02

0.01

Non-GAAP adjustments 4

—

(0.01)

Adjusted Diluted EPS

$             (0.04)

$              0.07

1

For the three months ended March 31, 2026, other unusual items includes additional severance expenses associated with the actions taken in the fourth quarter of 2025.

2

Represents the tax effect of the aforementioned adjustments to reflect corporate income taxes at an estimated effective tax rate of 29.0% and 23.4% for 2025 and 2025, respectively, which considers the U.S. federal statutory rate of 21%, a combined state income tax rate of approximately 5% (net of federal benefits), and certain material permanent items.

3

Assumes the exchange of all outstanding THG units, Series A Convertible Preferred Stock, and unvested share-based compensation awards for shares of Class A Common Stock, resulting in the elimination of the non-controlling interest and recognition of the Net income (loss) attributable to non-controlling interest, as well as elimination of the accretion of Series A Convertible Preferred Stock.

4

Represents the per share impact of non-GAAP adjustments for each period. Refer to the reconciliation above for additional information.

SOURCE Hagerty