Welcome to our dedicated page for Goosehead Insura news (Ticker: GSHD), a resource for investors and traders seeking the latest updates and insights on Goosehead Insura stock.
Goosehead Insurance Inc (GSHD) operates as a leading independent insurance agency offering personalized coverage solutions through its technology-driven franchise network. This page serves as the definitive source for corporate announcements, financial updates, and strategic developments impacting the insurance brokerage sector.
Investors and industry professionals will find curated press releases covering earnings disclosures, leadership changes, product expansions, and partnership agreements. The repository includes filings related to franchise network growth, technology investments, and regulatory compliance matters central to GSHD's operations.
All content is maintained to reflect the company's focus on multi-carrier policy comparisons, franchisee support systems, and market expansion strategies. Bookmark this page for direct access to original source materials that shape understanding of GSHD's position in the competitive insurance landscape.
Goosehead Insurance reported strong Q1 2023 results with total revenues of $58.0 million, a 40% increase year-over-year. Core revenues rose 42% to $52.0 million. The company improved its net loss to $0.2 million from $5.4 million a year ago, with an adjusted EBITDA of $10.2 million, up from $1.3 million. Total written premiums increased 41% to $638 million. Policies in force grew by 23% to approximately 1.35 million. Despite a decrease in the corporate sales headcount by 44%, franchising operations expanded, and the company raised its full-year projections, anticipating written premiums between $2.86 billion and $2.99 billion.
The outlook reflects organic growth of 29% to 35% for premiums and 24% to 28% for total revenues.
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