Hagerty adjusted Ebitda slips 16% in Q2 to $16mn as GWP increases 14%

IM-Hagerty-Q2-Results

Hagerty adjusted Ebitda by 16 percent in the second quarter to $16mn and grew gross written premiums by 14 percent to $238mn, as the classic car MGA disclosed its much-anticipated partnership with State Farm has moved to the “testing and regulatory approval” phase ahead of its expected 2023 launch.

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