Goosehead Insurance reported strong Q4 2023 results, with a 10% increase in total revenues to $63.0 million and net income improving to $5.4 million from $2.6 million year-over-year. Adjusted EPS increased by 155% to $0.28 per share, and total written premiums placed grew by 29% to $756.1 million. The company's focus on productivity and strategic changes contributed to these positive results.
Total revenues grew 10% year-over-year to $63.0 million.
Core revenues increased 10% year-over-year to $56.9 million.
Net income improved to $5.4 million, with EPS increasing by 650% and adjusted EPS increasing by 155%.
Total written premiums placed increased 29% year-over-year to $756.1 million.
Goosehead Insurance provided guidance for the full year 2024, expecting total written premiums placed to be between $3.70 billion and $3.85 billion, representing 25% to 30% organic growth. Total revenues are expected to be between $310 million and $320 million, representing 19% to 22% organic growth. The company also anticipates adjusted EBITDA Margin to expand for the full year 2024.
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