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Mar 31, 2024
Goosehead Insurance Q1 2024 Earnings Report
Total revenue increased, core revenue grew, and net income improved over the prior-year period.
Key Takeaways
Goosehead Insurance reported an 11% increase in total revenue and a 13% increase in core revenue for Q1 2024. Net income improved to $1.8 million, and the company announced a $100 million share repurchase authorization.
Total revenues grew 11% over the prior-year period to $64.5 million.
Core revenues increased 13% over the prior-year period to $58.8 million.
Net income improved to $1.8 million from a net loss of $0.2 million a year ago.
Total written premiums placed increased 28% over the prior-year period to $818.8 million.
Revenue by Segment
Forward Guidance
The Company is revising its outlook for full year 2024 as follows:
Positive Outlook
- Total written premiums placed for 2024 are expected to be between $3.62 billion and $3.82 billion, representing growth of 22% on the low end of the range to 29% on the high end of the range.
- Total revenues for 2024 are expected to be between $290 million and $310 million, representing growth of 11% on the low end of the range to 19% on the high end of the range.
- Adjusted EBITDA Margin is expected to expand for the full year 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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