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Jun 30, 2021
Goosehead Insurance Q2 2021 Earnings Report
Reported a revenue increase of 28% and core revenue growth of 40% year-over-year, driven by franchise and corporate growth and high client retention.
Key Takeaways
Goosehead Insurance announced strong second-quarter results with a 28% increase in total revenue and a 40% increase in core revenue. The company saw a 46% increase in total written premiums and an 89% client retention rate. They also declared a special dividend of $60 million.
Total revenue grew organically 28% to $38.2 million.
Core revenues increased 40% year-over-year to $34.7 million.
Total written premiums increased 46% year-over-year to $399 million.
Client retention reached a record high of 89%.
Goosehead Insurance
Goosehead Insurance
Forward Guidance
The Company is reiterating its full-year 2021 outlook with respect to total written premiums and revenue.
Positive Outlook
- Total written premiums placed for 2021 are expected to be between $1.50 billion and $1.56 billion, representing organic growth of 40% on the low end of the range to 45% on the high end of the range.
- Total revenues for 2021 are expected to be between $146 million and $156 million, representing organic growth of 25% on the low end of the range to 33% on the high end of the range.