Hagerty's Markel fronting deal shifts revenue, net income falls 83% to $8.0M

Filed August 5, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 4, 2025 · ~1 min read

Key Changes

• high

  Net income fell 83% to $8.0M as the Markel Fronting Arrangement cut commission revenue and added non-cash amortization.

  MD&A: Net income verify on EDGAR →
• high

  Earned premium rose 41.7% to $252.0M after Hagerty Re took 100% quota share under the new Markel deal.

  MD&A: Earned premium verify on EDGAR →
• high

  Commission and fee revenue dropped 83.5% to $23.7M due to the structural change in revenue recognition.

  MD&A: Commission revenue verify on EDGAR →