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Dec 31, 2024
Goosehead Insurance Q4 2024 Earnings Report
Goosehead Insurance, Inc. announced strong fourth quarter and full year 2024 results, with significant increases in total revenue, net income, and adjusted EBITDA.
Key Takeaways
Goosehead Insurance, Inc. reported a strong fourth quarter for 2024, with total revenues increasing by 49% to $93.9 million and net income reaching $23.8 million, a substantial improvement from the prior year. Adjusted EBITDA also saw a significant rise of 164% to $37.4 million.
Total Revenues grew 49% over the prior-year period to $93.9 million in the fourth quarter of 2024.
Fourth quarter net income of $23.8 million improved from net income of $5.4 million a year ago, with EPS of $0.60 per share.
Adjusted EBITDA of $37.4 million increased 164% from $14.1 million in the prior-year period, with Adjusted EBITDA Margin increasing 17 percentage points to 40%.
Total written premiums placed for the fourth quarter increased 28% over the prior-year period to $965.6 million.
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
For the full year 2025, Goosehead Insurance expects total written premiums placed to be between $4.65 billion and $4.88 billion, representing 22% to 28% organic growth. Total revenues are expected to be between $350 million and $385 million, representing 11% to 22% organic growth.
Positive Outlook
- Expected total written premiums placed between $4.65 billion and $4.88 billion.
- Anticipated organic growth in total written premiums placed ranging from 22% to 28%.
- Projected total revenues between $350 million and $385 million.
- Expected organic growth in total revenues ranging from 11% to 22%.
- Continued investment in people and technology to expand competitive moat.
Challenges Ahead
- No specific negative forward guidance points were explicitly stated in the provided text.
- Potential impact of macro headwinds on future performance.
- Challenges in the insurance market could affect growth.
- Ability to attract and retain qualified personnel and franchisees.
- Uncertainties related to economic conditions and their impact on consumer spending.