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Mar 31, 2022
Goosehead Insurance Q1 2022 Earnings Report
Total revenue increased 32% and total written premium increased 41%.
Key Takeaways
Goosehead Insurance reported a 32% increase in total revenue to $41.3 million and a 41% increase in total written premium to $450.9 million for the first quarter of 2022. The company experienced a net loss of $5.4 million, with an adjusted EPS of $0.04 per share.
Total revenues grew organically 32% over the prior-year period to $41.3 million.
Core Revenues of $36.5 million increased 37%.
Total written premiums placed increased 41% to $450.9 million.
Policies in force grew 39% from the prior-year period to approximately 1,097,000.
Goosehead Insurance
Goosehead Insurance
Goosehead Insurance Revenue by Segment
Revenue by Segment
Core Revenue
CapyFin.comCost Recovery Revenue
CapyFin.comAncillary Revenue
CapyFin.com Forward Guidance
The company reiterates its prior outlook for full year 2022.
Positive Outlook
- Total written premiums placed for 2022 are expected to be between $2.086 billion and $2.215 billion, representing organic growth of 34% on the low end of the range to 42% on the high end of the range.
- Total revenues for 2022 are expected to be between $197 million and $212 million, representing organic growth of 30% on the low end of the range to 40% on the high end of the range, driven by high levels of Core Revenue growth and historically average contingent commissions.
- Adjusted EBITDA margin is expected to expand for the full year 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income