Welcome to our dedicated page for Goosehead Insurance news (Ticker: GSHD), a resource for investors and traders seeking the latest updates and insights on Goosehead Insurance stock.
Goosehead Insurance, Inc. (NASDAQ: GSHD) is a rapidly growing and innovative independent personal lines insurance agency. The company operates through both corporate and franchise locations across the United States, offering a wide range of insurance products including homeowner's insurance, auto insurance, and various other personal lines such as flood, wind, earthquake, excess liability, and umbrella insurance. In addition, Goosehead provides specialty insurance products like motorcycle and recreational vehicle insurance, as well as commercial lines insurance for small businesses and life insurance.
Founded on the principle of prioritizing the consumer, Goosehead's business model focuses on offering clients the power of choice by representing over 150 insurance companies. This allows clients to find the best policies at competitive rates, something that typical agencies can't match. The company prides itself on its high levels of customer retention and satisfaction, boasting a Net Promoter Score of 90 and an 88% customer retention rate.
Goosehead's recent achievements include a 36% growth in written premiums in the second quarter of 2023, with total premiums expected to be between $2.87 billion and $2.99 billion for the year. The company's success is attributed to its industry-leading technology, effective marketing tools, and a centralized back office that supports both corporate and franchise agents.
In addition to its core insurance products, Goosehead offers a Franchise Program and an Agency Launch Program, which provide aspiring entrepreneurs with the tools and training necessary to operate a successful insurance agency. The programs offer extensive training in sales, network development, and agency building.
Goosehead has also recently expanded its technology partnerships, including an embedded insurance strategy with Clearcover, which streamlines the quoting process for auto insurance. This integration highlights Goosehead's commitment to utilizing cutting-edge technology to enhance both agent and client experiences.
With a vision to become the largest distributor of personal lines insurance in the U.S., Goosehead continues to innovate and grow, providing extraordinary value to both its clients and shareholders.
Goosehead Insurance (NASDAQ: GSHD) reaffirms its 2022 outlook, projecting total written premiums between $2.152 billion and $2.215 billion, reflecting 38% to 42% organic growth. Expected revenues range from $194 million to $205 million, with 28% to 35% organic growth driven by Core Revenue increases, though contingent commissions are anticipated to be $8-10 million. Following substantial investments in resources, Goosehead expects an increase in Adjusted EBITDA Margin for the year.
Goosehead Insurance (NASDAQ: GSHD) has announced the promotion of Mark Jones, Jr. to Chief Financial Officer, effective immediately. Jones, who joined the company in 2016, has played a key role in overseeing SEC reporting and financial planning. He succeeds Mark Colby, the former CFO, who will be leaving to pursue other opportunities after a decade with the company. Goosehead continues to enhance its management team to support its growth as a leading independent personal lines insurance agency, representing over 140 insurance companies across the U.S.
Goosehead Insurance (GSHD) reported strong financial results for Q2 2022, with total revenue increasing by 39% year-over-year to $53 million. Core revenue also rose 39% to $48.1 million. Despite a 24% decrease in net income to $2.4 million, adjusted EBITDA surged 85% to $12.5 million, lifting the adjusted EBITDA margin to 24%. Written premiums increased by 42% to $566 million, with policies in force growing 35%. The company plans for continued growth, projecting total revenues for 2022 between $194 million and $205 million, reflecting 28%-35% organic growth.
Goosehead Insurance (NASDAQ: GSHD) will release its second quarter 2022 financial results after market close on July 27, 2022. A conference call to discuss these results is scheduled for the same day at 4:30 PM ET. Participants can join the call by dialing (855) 327-6837 (toll-free) or (631) 891-4304 (international), with a request to call in 10 minutes early. A live webcast will be available on the company's investor relations website, with a replay accessible for one year following the event.
Goosehead is a pioneering independent insurance agency, emphasizing customer-centric service.
Goosehead Insurance (NASDAQ: GSHD) announced that Chairman and CEO Mark E. Jones will present at the 42nd Annual William Blair Growth Stock Conference on June 7th at 3:20 PM Central Time. Joining him will be CFO Mark Colby, VP of Strategy Brian Pattillo, and VP of Capital Markets Dan Farrell. A live webcast will be available in the investor relations section of Goosehead's website, with a replay accessible afterward. Goosehead is a rapidly growing independent insurance agency representing over 140 companies across the U.S.
Goosehead Insurance, a leading independent personal lines insurance agency, is set to participate in the Goldman Sachs 2022 Insurtech Conference on June 6 at 3:50 PM Eastern Time. CFO Mark Colby and VP of Capital Markets Dan Farrell will engage in a fireside chat, discussing the company's growth and strategies. Investors can access the live webcast through Goosehead's investor relations page, with a replay available post-event. Goosehead represents over 140 insurance companies and operates more than 2,298 franchise locations across the U.S.
Goosehead Insurance announced the appointment of Mark K. Miller as President and COO, effective May 10, 2022. Miller, previously on the Board of Directors, brings extensive experience from tech and financial companies. CEO Mark E. Jones expressed confidence in Miller's capability to lead the company's growth. Additional management changes include Megan L. Bailey as Chief Sales Officer and Michael Moxley as Chief Service Officer. Former President Michael Colby has departed after 16 years. Goosehead operates over 2,298 franchise locations across the U.S., offering products from over 140 insurance companies.
Goosehead Insurance reported a strong first quarter for 2022, with total revenue rising by 32% year-over-year to $41.3 million and core revenue up 37% to $36.5 million. Total written premiums surged 41% to $450.9 million, while policies in force increased by 39% to approximately 1,097,000. Despite a net loss of $5.4 million and an adjusted EPS of $0.04, the company reported increased corporate sales headcount and franchise growth. Full-year 2022 revenue expectations remain robust, targeting between $197 million and $212 million.
Goosehead Insurance (NASDAQ: GSHD) will announce its Q1 2022 financial results on April 26, 2022, after market close. The company will host a conference call at 4:30 PM ET to discuss the results, accessible via phone at (855) 327-6837 (toll-free) or (631) 891-4304 (international). Participants are encouraged to dial in 10 minutes early. A live webcast will be available on Goosehead's investor relations website, with a replay accessible for one year post-call. Goosehead operates over 2,151 franchise locations and partners with over 140 insurance companies across the U.S.
Goosehead Insurance (NASDAQ: GSHD) announced the promotion of 10 new managing directors to strengthen its leadership team and support growth in 2022. This change reflects Goosehead's commitment to fostering a culture of professional development amidst the competitive hiring landscape due to the Great Resignation. Each new director brings unique skills from diverse departments, emphasizing the company's strategy of promoting leaders from within. Goosehead's growth continues, with a focus on maximizing employee strengths to enhance overall performance.
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