Hagerty Q2 earnings preview: Can partnerships offset wider losses?

Hagerty Inc. reports second-quarter results Wednesday, with analysts expecting a wider loss of 9 cents per share on revenue of $316.2 million, despite modest sequential growth. The specialty insurer faces declining earnings estimates, though revenue projections remain stable. Analysts hold a neutral consensus with a $13.43 price target, while recent upgrades from JPMorgan, Wells Fargo, and KBW suggest optimism about long-term positioning despite near-term margin pressure from claims inflation. Investors will focus on whether distribution partnerships with Liberty Mutual, Hanover Insurance, and Putnam Leasing can drive policy growth. Management commentary on Gen Z demand, with nearly 60% expressing interest in collector cars, may also signal future market expansion.