Hagerty Reports Full Year 2024 Results; Provides 2025 Outlook for Revenue and Profit Growth
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Hagerty, Inc. reported strong financial results for 2024, with a 20% increase in total revenue and significant growth in net income and operating income. The company also provided a positive outlook for 2025, expecting continued revenue and profit growth.
March 04, 2025 | 12:15 pm
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Hagerty, Inc. reported a 20% increase in total revenue for 2024, with significant growth in net income and operating income. The company expects continued growth in 2025, with revenue projected to rise by 12-13% and net income by 30-40%.
Hagerty's strong financial performance in 2024, including a 20% increase in revenue and a 178% increase in net income, indicates robust business growth. The positive outlook for 2025, with expected revenue growth of 12-13% and net income growth of 30-40%, suggests continued momentum. This is likely to positively impact the stock price in the short term.
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