What move does the options market price into Hagerty's report?

Implied ±7.4%, either direction.

HGTYNYSEInsurance Agents, Brokers & Service

Hagerty, Inc. (HGTY) earnings date, market-implied expected move, and options open interest by expiry

15.54

+0.08 · +0.53%

post 15.54 −0.01%

Closed16:00 ET

Open15.74Volume160,683Mkt cap$5.4BP/E302.81

Day15.47 – 15.7426%52-wk9.36 – 16.0093%

HGTY

Hagerty, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±7.4%implied · straddle

14.4316.73

spot 15.58exp Nov 20ATM strike 15ATM straddle 1.35IV 43%

Oct 30 closethin chain

Expected move

Inputs

Next report

Nov 3

before open · in 3 days

confirmedQ3 FY26

Calendar

Next report

Last report

+15.36%

shaded = implied · ▲▼ = realized

Aug 5 '26 · confirmed

Implied vs realized

Largest filed tie

91.00%

of HGTY revenue · Markel

customerHGTY 10-K

Supply chain

Largest filed tie

13F top-10 QoQ

+0.98%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

126 managers

Top fund weight

0.00%

HGTY weight · VTI

N-PORTJun 30 '26

1 fund

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Hagerty (HGTY) reports on Nov 3 before open (confirmed date).

Implied vs realized

1 report

—≥ implied

Q2 FY26Aug 5 '26confirmed—▲+15.36%—

quarterimplied−20%0+20%realized×

Q2 FY26—▲+15.36%—

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 2 expiries · Oct 30 close

0.10OI · 2 expiries · Oct 30 closeP/C open interest · Nov 20 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

38+27%Nov 2020d3870%

4190%Feb 19111d0.666390%0.66

ExpiryPutsCallsP/C

Nov 2020d38+27%3870%0.10

Feb 19111d4190%6390%0.66

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±7.4%

Funds 1

VTI±0.0%

Dashed = straddleMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

2.27%as filednet margin · revenue +13.79% QoQ · −6.46% YoY

Revenue

$355M+13.79% QoQ

Gross profit

$355M+13.79% QoQ

100.00% margin

Operating income

$2M+111.29% QoQ

0.64% margin

Pre-tax income

$2M+110.66% QoQ

Net income

$8M+163.09% QoQ

2.27% margin

Operating expenses

$353M+6.24% QoQ

Other operating $257M

SG&A $95M

Other expense

$28,000

Tax benefit

$6M

Revenue$355M+13.79%

Gross profit

$355M+13.79%

100.00% margin

Operating income

$2M+111.29%

0.64% margin

Pre-tax income

$2M+110.66%

Net income

$8M+163.09%

2.27% margin

Cost of revenue

Operating expenses

$353M+6.24%

Other operating $257M

SG&A $95M

Other expense

$28,000

Tax benefit$6M

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

FOMC ×1.56· ±2.3% vs ±1.5% · 24 releases

eventrelease day|move|up · n×base

FOMCrate decision±2.3%9 of 24×1.56

NFPjobs report±1.8%5 of 10×1.19

PPIproducer prices±1.7%7 of 11×1.17

PCEpersonal income & outlays±1.3%11 of 19×0.87

GDPgross domestic product±1.2%10 of 19×0.84

CPROFcorporate profits±1.2%6 of 12×0.83

CPIconsumer prices±0.9%5 of 11×0.64

Bar = avg |move| to ±3% · tick = ±1.5% avg day · ×base = |move| ÷ ±1.5% · min 6 releases

Earnings history

EPS -0.02 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 5 '26 · confirmed	-0.02	—
Q1 FY26	—	-0.06	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod