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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.
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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