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Goosehead Insura - GSHD STOCK NEWS

Welcome to our dedicated page for Goosehead Insura news (Ticker: GSHD), a resource for investors and traders seeking the latest updates and insights on Goosehead Insura stock.

Overview

Goosehead Insurance Inc operates as an independent insurance agency within the continental United States, delivering a comprehensive array of insurance solutions. As a model of independent expertise, the company offers personal and commercial insurance products, including homeowner, auto, flood, wind, and earthquake policies, in addition to specialty lines such as motorcycle, recreational vehicle, and excess liability coverages. Through its technology-driven franchise network, Goosehead Insurance underscores its commitment to providing unparalleled choice and value to its clients, leveraging an extensive network of carrier partnerships to secure competitive policies and rates.

Business Model and Operations

The company distinguishes itself by offering the power of choice to consumers. Its operational model is based on comparing policies from multiple insurance carriers to ensure that clients receive the best possible value. This process is underpinned by a robust technology platform that enables not only efficient policy comparisons but also a seamless service experience for both individual customers and franchise partners. Goosehead Insurance generates revenue through multiple streams including commissions, agency fees, and franchise fees, woven into a framework that supports both direct agency sales and a sophisticated franchise network.

Products and Services

Goosehead Insurance provides a diversity of products to meet various insurance needs. The product offerings span:

  • Personal Lines: Homeowner and auto insurance policies, augmented by specialized coverages such as flood, wind, and earthquake insurance.
  • Excess and Specialty Lines: Umbrella insurance options and policies tailored for motorcycles, recreational vehicles, and niche insurance categories.
  • Commercial Lines: Tailored solutions for small businesses, including general liability, property, and commercial auto coverages.
  • Life Insurance: A range of life insurance products designed to provide financial security and risk management for families.

Technology and Franchise Network

A pivotal element of Goosehead Insurance’s strategy is its commitment to technology and its comprehensive network of franchise partners. The company equips its franchisees with advanced technology, a centralized back office, and superior marketing tools which enhance their operational efficiency. This integrated support system ensures that franchise partners can focus on client relationships and policy sales while benefiting from strategic resources and operational best practices.

Market Position and Competitive Landscape

Operating in several key geographic markets including Texas, California, Illinois, and Florida, Goosehead Insurance is strategically positioned in areas that demand diverse insurance solutions. Its ability to provide options beyond what ordinary agencies can offer places it in a competitive niche that emphasizes quality service and operational innovation. By continuously refining its franchise model and enhancing technology integration, the company maintains a distinct competitive advantage in the insurance brokerage space.

Expertise and Industry Impact

Goosehead Insurance’s methodology reflects deep industry knowledge and a commitment to transparency and client empowerment. The company not only focuses on matching customers with the ideal insurance policies but also invests in educating its target audience about risk management and effective insurance coverage. Its proficient use of industry-specific strategies and its focus on operational excellence reinforce its reputation among insured risk management professionals and investors alike.

Operational Strengths

Key strengths of the company include:

  • Diverse Product Suite: A well-rounded portfolio that addresses a broad range of personal and commercial insurance needs.
  • Advanced Technology: Industry-leading systems that facilitate fast, reliable policy comparisons and efficient client service.
  • Franchise Support: Comprehensive operational and marketing support that empowers franchise partners and optimizes the service experience.
  • Strategic Market Presence: A focused geographic footprint in high-demand insurance markets across the United States.

Client and Franchise-Centric Approach

At its core, Goosehead Insurance places significant emphasis on the client experience by empowering individuals with multiple policy options that are competitively priced. The franchise-centric model further enhances this experience by leveraging localized market expertise, ensuring that clients benefit from personalized service and a vast network of carrier partnerships. This dual emphasis on consumer choice and franchise efficacy has enabled the company to build a robust business model that resonates with various stakeholders in the insurance industry.

Conclusion

In summary, Goosehead Insurance Inc is characterized by its independent structure, comprehensive product offerings, and a unique blend of advanced technology and franchise support. The company’s approach to risk management, transparent pricing, and customer empowerment positions it uniquely within the competitive insurance landscape. Whether addressing personal coverage needs or complex commercial risks, Goosehead Insurance stands as a testament to innovative operational practices within the insurance industry, reflecting a commitment to excellence and unwavering industry expertise.

Rhea-AI Summary
Goosehead Insurance, Inc. announces CEO transition with Mark Jones becoming Executive Chairman and Mark Miller as the new CEO effective July 1, 2024. The company has shown significant growth with sustained annual premium growth exceeding 30% and total written premiums over $3B. Since the IPO in April 2018, Goosehead has delivered a total return of approximately 800%, outperforming the S&P 500 returns. Mark Jones's visionary leadership has been instrumental in the company's success, leading to strong client retention and industry-leading net promoter scores.
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Goosehead Insurance, Inc. (GSHD) will release its Q4 and full year 2023 results on February 21, 2024, followed by a conference call. The call will be accessible via phone and webcast, with a replay available for one year.
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Goosehead Insurance, Inc. appoints David Lakamp as Chief Service Officer, bringing 14 years of insurance experience and 11 years of military leadership to lead the service organization. His role will focus on driving operational efficiencies to enhance and build upon Goosehead’s industry-leading service delivery team.
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Goosehead Insurance, Inc. reported strong third-quarter results, with total revenue increasing by 23% to $71.0 million. Core revenue grew by 22% to $63.1 million, and total written premiums rose by 30% to $803 million. Net income was $11.3 million, compared to $3.0 million in the same period last year. Adjusted EBITDA was $22.4 million, up from $11.0 million in the prior-year period.
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Goosehead Insurance to report Q3 2023 results on October 25th
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Clearcover expands its embedded insurance strategy through a bind-API integration with Goosehead Insurance, Inc., enabling agents to generate Clearcover quotes directly through their platform. This strengthens the partnership between the two companies and aims to revolutionize the car insurance experience. Clearcover is also building momentum in its effort to expand its embedded insurance strategy.
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Goosehead Insurance launches Agency Launch Program for recent college graduates interested in owning their own franchise.
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Goosehead Insurance, Inc. announced its second-quarter results, showing significant growth in total revenue, core revenue, total written premiums, net income, and adjusted EBITDA. Total revenue increased 31% to $69.3 million, core revenue grew 27% to $61.0 million, and total written premiums increased 36% to $767 million. Net income was $7.2 million, an improvement from $2.4 million a year ago, and adjusted EBITDA was $23.1 million, up from $12.5 million in the prior year period. The company also provided an outlook for 2023, expecting organic growth in total written premiums and total revenues, with an expansion of adjusted EBITDA margin.
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Goosehead Insurance, Inc. will report its second quarter 2023 results on July 26, 2023. A conference call to discuss results will be held at 4:30 PM ET on the same day. Participants can access the call by phone or through a live webcast.
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Goosehead Insurance has agreed to purchase Vivint Smart Home's insurance book for $5.5 million in cash. This acquisition will benefit existing Vivint insurance clients by providing them with a wider range of product options, nationwide coverage, advanced technology, and exceptional service. Goosehead aims to ensure a seamless transition for Vivint clients and offer them the best client experience in the industry.
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FAQ

What is the current stock price of Goosehead Insura (GSHD)?

The current stock price of Goosehead Insura (GSHD) is $107.72 as of April 4, 2025.

What is the market cap of Goosehead Insura (GSHD)?

The market cap of Goosehead Insura (GSHD) is approximately 2.9B.

What is the core business of Goosehead Insurance?

Goosehead Insurance operates as an independent insurance agency that provides a broad range of insurance products, including personal, commercial, and specialty lines, by comparing policies from multiple carriers.

How does Goosehead Insurance generate revenue?

The company generates revenue through commissions, agency fees, and franchise fees, leveraging a business model that combines direct client services with a franchise network.

What types of insurance products does Goosehead Insurance offer?

Their product portfolio includes homeowner, auto, flood, wind, earthquake, umbrella, motorcycle, recreational vehicle, commercial lines, and life insurance policies.

How does the franchise network contribute to the company’s operations?

Goosehead Insurance supports its franchise partners with advanced technology, centralized back-office functions, and effective marketing tools, ensuring efficient operations and high service standards.

What regions does Goosehead Insurance serve?

The company services clients across key markets in the continental United States, including major states such as Texas, California, Illinois, and Florida.

How does Goosehead Insurance differentiate itself from other agencies?

By offering the power of choice through a multi-carrier comparison model, integrated technology solutions, and a robust franchise network, the company provides unique value that traditional agencies may not match.

Is technology a significant part of Goosehead Insurance's business model?

Yes, technology is integral to their operations. It supports efficient policy comparisons, enhances client service, and provides a competitive edge through a centralized system for their franchise partners.

What sets Goosehead Insurance apart in a competitive market?

Their combination of independent insurance expertise, diverse product offerings, and technology-driven franchise support enables them to offer personalized, high-quality service and competitive policy options.
Goosehead Insura

Nasdaq:GSHD

GSHD Rankings

GSHD Stock Data

2.90B
23.80M
3.64%
108.52%
9.99%
Insurance Brokers
Insurance Agents, Brokers & Service
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United States
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