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

Jairo Ibarra
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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Jairo Ibarra
Senior Reporter
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