Hagerty halves Q4 net loss to $32.2mn as LR remains flat at 41%

March 14, 2023

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Classic car MGA Hagerty halved its net loss in Q4 to $32.2mn as the underwriter's loss ratio remained unchanged at 41%.

The company’s loss ratio stood flat despite challenging trends in the auto market, which is seeing higher frequency and severity as inflation picks up.

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Hagerty halves Q4 net loss to $32.2mn as LR remains flat at 41%

Classic car MGA Hagerty halved its net loss in Q4 to $32.2mn as the underwriter's loss ratio remained unchanged at 41%.

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Hagerty halves Q4 net loss to $32.2mn as LR remains flat at 41%

Classic car MGA Hagerty halved its net loss in Q4 to $32.2mn as the underwriter's loss ratio remained unchanged at 41%.

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Fuel a smarter strategy with our actionable market intelligence

Topics

Cyber attacks on supply chain up 431% since 2021: Cowbell

Agency deal roundup: Guy Carp, Risk Strategies, Higginbotham, KAP and more

PE firm Capital Z takes $240mn minority stake in retail broker Leavitt

Week in Brief: James River revives, Medmal tightens, Georgia tort reform, MGA M&A

Outlook positive for MGAs despite potential capacity challenges: AM Best