Prices via Intrinio. Supplier and customer ties are extracted from SEC filings and carry the sentence they came from. Not investment advice.
Prices via Intrinio. Supplier and customer ties are extracted from SEC filings and carry the sentence they came from. Not investment advice.
Each disclosed tie as a share of both companies’ annual revenue. The bigger share is the side that would feel it if the relationship ended.
| Partner | % of their revenue | % of HGTY revenue | Skew |
|---|---|---|---|
| MKLMarkel Group Inc. | 0.19% | 2.00% | 11× |
Sources
sec edgar · verbatim disclosureEach tie, with the sentence that disclosed it. Open a row for the wording and the filing it came from.
“For the years ended December 31, 2025, 2024, and 2023, commission revenue associated with the Markel Alliance Agreement was $436.8 million, $388.0 million, and $340.5 million, respectively, representing 91%, 93%, and 95%, respectively, of total commission revenue.”
$1.3B relationship11× more of HGTY’s book than MKL’s
basisHGTY fy2025 · closed 2025-12 $1.5BMKL fy2025 · closed 2025-12 $15.3B
FILING10-K0001840776-26-000013cik 0001840776
“(iv) Hagerty Re pays an initial fronting fee, representing 2% of written premium, to Markel for administrative support, which incrementally decreases based on the level of written premium in each calendar year.”
$29M relationship11× more of HGTY’s book than MKL’s
basisHGTY fy2025 · closed 2025-12 $1.5BMKL fy2025 · closed 2025-12 $15.3B
“(i) we continue to issue policies through Essentia, with our underwriting authority (including pricing decisions, rate filing, insurance rating, and risk selections) and claims authority expanded to the maximum levels permitted by applicable law;”
FILING10-K0001840776-26-000013cik 0001840776
“In March 2025, THG entered into a credit agreement with JPMorgan Chase Bank, N.A. ("JPM"), as administrative agent, issuing bank and swingline lender, the foreign subsidiary borrowers thereto, and the other financial institutions party thereto as lenders (the "2025 JPM Credit Agreement").”
FILING10-K0001840776-26-000013cik 0001840776
“Aviva Canada Inc. ("Aviva") serves as the carrier for the specialty collector vehicle insurance policies sold by our Canadian MGA subsidiary ("Hagerty Canada").”
FILING10-K0001840776-26-000013cik 0001840776
“Essentia is exclusive to our U.S. MGA subsidiary and only writes insurance policies we produce.”
FILING10-K0001840776-26-000013cik 0001840776
“Hagerty Re has a quota share agreement to cede 50 % of the risk assumed from a subsidiary of Markel in relation to High-Net-Worth Accounts to Oglesby Reinsurance Company, a wholly owned subsidiary of State Farm.”
FILING10-K0001840776-26-000013cik 0001840776
“In September 2023, Hagerty Re entered into an unsecured term loan credit facility with State Farm in the aggregate principal amount of $ 25.0 million (the "State Farm Term Loan").”
FILING10-K0001840776-26-000013cik 0001840776
“Aviva and Hagerty Re also have a quota share reinsurance agreement under which Hagerty Re reinsures 50% of the risk written by Hagerty Canada on behalf of Aviva.”
FILING10-K0001840776-26-000013cik 0001840776
“Hagerty Re reinsures risks predominantly from policies issued by Essentia Insurance Company ("Essentia"), a subsidiary of Markel Group Inc. ("Markel").”
FILING10-K0001840776-26-000013cik 0001840776
“While our U.S. MGA subsidiary and Hagerty Re will continue to operate in the same manner they have historically, beginning on January 1, 2026, the benefit of our MGA services will be received by Hagerty Re and not Markel.”
FILING10-K0001840776-26-000013cik 0001840776
“Under the master alliance agreement, State Farm paid Hagerty an advanced commission of $ 20.0 million in 2020, which is being recognized as "Commission and fee revenue" over the remaining life of the arrangement.”
FILING10-K0001840776-26-000013cik 0001840776
“Under the State Farm Master Alliance Agreement, State Farm paid Hagerty an advanced commission of $20.0 million in 2020, which is being recognized as "Commission and fee revenue" over the remaining life of the arrangement.”
FILING10-K0001840776-26-000013cik 0001840776
“Interest expense related to the State Farm Term Loan is charged against Adjusted EBITDA as it is directly attributable to the operations of Hagerty Re.”
FILING10-K0001840776-26-000013cik 0001840776
“In addition to Broad Arrow's European expansion, Broad Arrow became the official auction of Concours at Wynn Las Vegas, which resulted in a new auction in 2025.”
FILING10-K0001840776-26-000013cik 0001840776
“In our Marketplace segment, current year results reflect significantly higher levels of Broad Arrow inventory sales and private sale commissions, as well as results from Broad Arrow's inaugural European auctions at Concorso d'Eleganza Villa d'Este Auction on the shores of Lake Como in Italy, the Zoute Concours Auction held in Knokke-Heist, Belgium, the Zürich Auction held in Zürich, Switzerland, and an auction held at the Concours at Wynn Las Vegas.”
FILING10-K0001840776-26-000013cik 0001840776
“In our Marketplace segment, current year results reflect significantly higher levels of Broad Arrow inventory sales and private sale commissions, as well as results from Broad Arrow's inaugural European auctions at Concorso d'Eleganza Villa d'Este Auction on the shores of Lake Como in Italy, the Zoute Concours Auction held in Knokke-Heist, Belgium, the Zürich Auction held in Zürich, Switzerland, and an auction held at the Concours at Wynn Las Vegas.”
FILING10-K0001840776-26-000013cik 0001840776
“In our Marketplace segment, current year results reflect significantly higher levels of Broad Arrow inventory sales and private sale commissions, as well as results from Broad Arrow's inaugural European auctions at Concorso d'Eleganza Villa d'Este Auction on the shores of Lake Como in Italy, the Zoute Concours Auction held in Knokke-Heist, Belgium, the Zürich Auction held in Zürich, Switzerland, and an auction held at the Concours at Wynn Las Vegas.”
FILING10-K0001840776-26-000013cik 0001840776
“Pursuant to the terms of the quota share agreement with Evanston, Hagerty Re maintains assets in trust for the benefit of Evanston.”
FILING10-K0001840776-26-000013cik 0001840776
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Hagerty, Inc.
Price, suppliers and customers from SEC filings, institutional ownership and the next report.
NYSE · Insurance Agents, Brokers & Service
Prev close 14.01 · gapped below the open, then crossed back over prior close. High/low 14.03 at 10:15 am ET, 13.85 at 12:45 pm ET.
Hagerty, Inc. has 9 disclosed suppliers and 10 disclosed customers. Each one is named in an SEC filing, either Hagerty, Inc.’s own annual report or the counterparty’s, and carries the sentence that discloses it.
HGTY (Hagerty, Inc.) has 9 disclosed suppliers and 10 disclosed customers, strongest disclosure first.
Suppliers:
Customers:
Select a tie for the filing sentence that discloses it; select again to open the company. Lines are disclosed suppliers and customers, coloured by industry; the closer to the centre, the more the filings disclose. A dot is green or red by today’s move. Extended: satellites hang off single companies, not bundled sectors.
Largest move on the map today: JPM +0.17%, in financials.