Outstanding Financial Performance
Goosehead Insurance delivered a remarkable 2024 with 20% total revenue growth, 17% core revenue growth, 29% premium growth, and EBITDA near $100 million, up 43% year-over-year with a record margin of 32%.
Franchise Growth and Productivity
Franchise productivity grew 47% year-over-year in the fourth quarter and 49% for the full year. The franchise producer count increased by 7%, with producers per franchise up 19% from one year ago.
Corporate and Enterprise Expansion
The corporate agent count increased by 39%, and the enterprise sales team, which focuses on digital and partnership lead channels, is the fastest-growing division.
Technological Advancements
Goosehead Insurance expanded its quote-to-issue platform, launched a new mobile app, and invested in AI tools to enhance service and sales capabilities.
Strong Cash Flow and Financial Position
Operating cash generation for the year was $71.5 million, up 41%, while free cash flow of $59.4 million increased 53% for the year.
Strategic Partnerships and Market Expansion
Goosehead Insurance launched an embedded franchise with a national bank, and the pipeline for similar partnerships is large and growing.