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

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.