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Dec 31, 2020
Goosehead Insurance Q4 2020 Earnings Report
Goosehead Insurance's Q4 2020 results announced, with revenues increasing and strategic investments made.
Key Takeaways
Goosehead Insurance, Inc. reported a 48% increase in revenues to $34.7 million for the fourth quarter of 2020. Net income for the quarter was $5.3 million, with adjusted EPS at $0.19 per share. The company's total written premiums placed grew by 45% to $285 million, and policies in force increased by 48% year-over-year to 713,000.
Revenues grew organically by 48% to $34.7 million in Q4 2020.
Total written premiums placed increased by 45% to $285 million in Q4 2020.
Net income for Q4 2020 was $5.3 million.
Policies in force grew 48% year-over-year to 713,000.
Revenue by Segment
Forward Guidance
The Company’s outlook for full year 2021 is as follows: •Total written premiums placed for 2021 are expected to be between $1.48 billion and $1.55 billion, representing organic growth of 38% on the low end of the range to 44% on the high end of the range. •Total revenues for 2021 are expected to be between $144 million and $155 million, representing organic growth of 23% on the low end of the range to 32% on the high end of the range. This assumes continued strong growth in Core Revenue partly offset by a challenging comparison on Ancillary Revenue from 2020.
Positive Outlook
- Total written premiums placed for 2021 are expected to be between $1.48 billion and $1.55 billion
- Representing organic growth of 38% on the low end of the range to 44% on the high end of the range.
- Total revenues for 2021 are expected to be between $144 million and $155 million
- Representing organic growth of 23% on the low end of the range to 32% on the high end of the range
- This assumes continued strong growth in Core Revenue partly offset by a challenging comparison on Ancillary Revenue from 2020.
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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