Hagerty, Inc. (NYSE:HGTY) Q2 2022 Earnings Conference Call August 10, 2022 5:00 PM ET

Company Participants

Jay Koval - Senior Vice President, Investor Relations

McKeel Hagerty - Chief Executive Officer

Fred Turcotte - Chief Financial Officer

Conference Call Participants

Mark Hughes - Truist

Paul Newsome - Piper Sandler

Operator

Greetings and welcome to Hagerty Second Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to turn this conference over to your host, Mr. Jay Koval, Investor Relations. Thank you, sir. You may begin your presentation at this time.

Jay Koval

Thank you and good afternoon, ladies and gentlemen and thanks for joining us for Hagerty’s second quarter 2022 earnings conference call. My name is Jay Koval, and I recently joined Hagerty to lead their Investor Relations’ function, and I look forward to working with all of you.

Please note, that this call will be simultaneously webcast on the Investor Relations section of the company’s corporate website at investor.hagerty.com. Our earnings release, accompanying slides and quarterly – letter to stockholders covering this period are also posted on Hagerty’s IR site. Joining the call today are; McKeel Hagerty, Chief Executive Officer; and Fred Turcotte, Chief Financial Officer.

Before we start, I would like to remind you that the discussion today may contain statements related to our business that may be considered forward-looking, including statements concerning our expected future business and financial performance, our ability to maintain existing and to acquire new members, our plans to expand market share, including planned investments and partnerships, expectations regarding key operational metrics, and other statements regarding our plans and prospects.

Forward-looking statements are often identified with words such as we expect, we anticipate, we believe, or similar expressions. These statements reflect only our view as of today, August 10th, 2022, and should not be considered our views as of any subsequent date. We do not undertake any obligation to update or revise any forward-looking statements. Forward-looking statements are not promises or guarantees of future performance and are subject to a variety of risks and uncertainties that could cause the actual results to differ materially from our expectations.

For a discussion of material risks and other important factors that could affect our actual results, please refer to those contained in our filings with the SEC, which are available on Hagerty Investor Relations website and sec.gov. Finally, during today’s call, we will refer to certain non-GAAP financial measures.