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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.
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’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