Goosehead Insurance ( (GSHD) ) has released its Q4 earnings. Here is a breakdown of the information Goosehead Insurance presented to its investors.
Goosehead Insurance, Inc. is a rapidly expanding independent personal lines insurance agency that operates through corporate and franchise locations across the United States, offering a wide range of insurance products and services. The company has reported strong financial results for the fourth quarter and full year of 2024, showcasing significant growth in revenue and profitability.
In 2024, Goosehead Insurance achieved a total revenue increase of 20% to $314.5 million, with core revenue growing by 17% to $273.7 million. The company also saw a 29% rise in total written premiums, reaching $3.8 billion. Net income more than doubled from the previous year, reaching $49.1 million, while adjusted EBITDA surged 43% to $99.9 million.
The fourth quarter of 2024 was particularly strong, with total revenues up 49% year-over-year to $93.9 million. Core revenues increased by 19% to $68.0 million, and net income rose to $23.8 million, a significant improvement from $5.4 million in the same period the previous year. The company’s adjusted EBITDA for the quarter was $37.4 million, marking a 164% increase from the prior year.
Looking ahead, Goosehead Insurance is optimistic about its growth prospects, with expectations of continued expansion in written premiums and total revenues in 2025. The company plans to invest further in its people and technology, aiming to enhance its competitive position in the personal lines insurance market in the United States.
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