Goosehead Insura Stock Price, News & Analysis

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.

Goosehead Insurance (NASDAQ: GSHD) and Vivint Smart Home announced a strategic partnership to enhance home insurance solutions, scheduled to launch in May 2023. This collaboration aims to simplify home protection processes and reduce claims through innovative services that integrate smart home technology with insurance offerings. Goosehead plans to acquire Vivint Insurance Agency’s book of business, transitioning Vivint’s insurance strategy to a partnership model. This partnership will provide Vivint customers access to Goosehead’s expert agents and digital platforms for better insurance options and savings, while Goosehead clients with Vivint systems will benefit from additional discounts and exclusive offers.

Goosehead Insurance, a rapidly growing independent personal lines insurance agency based in the U.S., announced that it will release its first quarter 2023 results after market close on April 26, 2023. A conference call to discuss the results is scheduled for 4:30 PM ET on the same day. Participants can join the call by dialing (855) 327-6837 (toll-free) or (631) 891-4304 (international) ten minutes early. A live webcast will also be available on Goosehead’s investor relations website. Following the call, a replay will be accessible on the same website for one year.

Goosehead Insurance represents over 150 insurance companies and operates a network of 12 corporate sales offices. The company focuses on delivering value through broad product choices and exceptional service.

Goosehead Insurance (NASDAQ: GSHD) has announced five key leadership promotions to bolster its growth trajectory in 2023. Matthew Hunt is appointed Vice President, Agency Operations, bringing 12 years of experience and top sales performance. Additionally, Chelsea Donner becomes Managing Director of the Service Department, while Dericka Marshall-Dillon and Johnny Preston take on managing director roles in HR and Human Capital Development, respectively. Silver Burney will oversee Corporate Sales in Fort Worth. These promotions align with Goosehead's strategic partnerships aimed at enhancing services for mortgage brokers and expanding its market presence.

Goosehead Insurance (GSHD) reported impressive results for Q4 2022, showcasing a 43% increase in total revenue to $57.4 million and 49% growth in core revenues to $51.8 million. The company achieved a 193% rise in net income to $2.6 million, with an adjusted EBITDA increase of 123% to $11.9 million. Total written premiums surged 44%, while policies in force grew 27% to approximately 1.28 million. For 2023, Goosehead expects total written premiums to be between $2.83 billion and $2.96 billion, indicating a projected organic growth of 28% to 34%. The company is positioned for continuous growth amid a strong operational foundation.

Goosehead, a leading independent personal lines insurance agency, announced that it will release its fourth quarter 2022 results on February 22, 2023, after market close. A conference call to discuss the results is scheduled for 4:30 PM ET the same day, with dial-in options available. Investors can access the live webcast via Goosehead's investor relations website. The company emphasizes a consumer-centric approach and represents over 150 insurance companies across the U.S. Goosehead operates through a network of corporate sales offices and over 2,287 franchise locations, highlighting its rapid growth and innovation in the insurance sector.

Goosehead Insurance (NASDAQ: GSHD) has selected Vonage to enhance its contact center capabilities for over 2,000 insurance agents in the U.S. The integration with Salesforce will allow agents to provide personalized client experiences across various communication channels, including voice, video, SMS, and chat. Key features of the Vonage Contact Center include the Conversation Analyzer and Workforce Management, both designed to improve client engagement and service efficiency. This partnership aims to support Goosehead's rapid growth while ensuring agents have the necessary tools for effective client interactions.