Hagerty, Inc. (NYSE:HGTY) Q1 2022 Earnings Conference Call May 9, 2022 5:00 PM ET

Company Participants

Garrett Edson - ICR, IR

McKeel Hagerty - Chief Executive Officer

Fred Turcotte - Chief Financial Officer

Conference Call Participants

Operator

Greetings. And welcome to the Hagerty’s First Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions]

As a reminder, this conference is being recorded. It is now my pleasure to introduce your host Garrett Edson from ICR. Please go ahead.

Garrett Edson

Thank you, Operator. Good afternoon, ladies and gentlemen. Thank you for joining us on Hagerty’s first quarter 2022 earnings conference call. 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 Stockholder Letter covering this period is also posted on the IR website.

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 acquired 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 our view only as of today, May 9, 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 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 the Investor Relations section of our website and on the SEC’s website at sec.gov.

Finally, during today’s call, we will refer to certain non-GAAP financial measures. A discussion of these non-GAAP financial measures along with reconciliations to the most directly comparable GAAP measure is included in our Stockholder Letter, Investor deck and Form 10-Q, copies of which can be found on the Investor Relations section of our website and on the SEC’s website at sec.gov. Unless otherwise noted in today’s call, all comparisons are on a year-over-year basis.