Goosehead Insura Stock Price, News & Analysis

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.

Goosehead Insurance (NASDAQ: GSHD) has partnered with the Association of Independent Mortgage Experts (AIME) to enhance home insurance selection for independent mortgage brokers. This collaboration provides over 65,000 members of AIME access to Goosehead's Digital Agent Platform, streamlining the insurance quoting process. Goosehead's more than 2,000 agents will support AIME brokers, promoting a client-centric approach. AIME aims to strengthen its position in the mortgage market, targeting a 25% share by 2023.

Goosehead Insurance (NASDAQ: GSHD) has formed a strategic partnership with the National Association of Mortgage Brokers (NAMB) to streamline the home insurance process for mortgage professionals. This collaboration allows mortgage originators, brokers, and lenders across the U.S. to provide clients with a faster and more transparent way to shop for home insurance using Goosehead's Digital Agent Platform. With access to over 2,000 Goosehead agents and quotes from more than 150 insurance carriers, clients can expect better coverage options and prices.

Goosehead Insurance reported strong growth in Q3 2022, with total revenues increasing by 38% to $57.7 million and core revenues rising 39% to $51.9 million. Total written premiums surged 42% to $616 million. However, net income fell 43% to $3 million, with EPS down 55% to $0.09. Adjusted EBITDA grew 67% to $11 million, reflecting a margin increase of over 320 basis points to 19%. Operating franchises grew 23%, while corporate agent headcount decreased 18%.

Goosehead Insurance (NASDAQ: GSHD) appointed Justin Ricketts as Executive Vice President, Technology and Partnerships, on October 20, 2022. Ricketts, with over 20 years of experience in tech-forward marketplaces, will lead the advancement of Goosehead's Digital Agent Platform, which offers quick insurance quotes. His tenure includes leadership roles at Sabre and HMS Holdings. Mark Miller, President and COO, emphasized the significance of Ricketts' strategic skills during a transformative phase for the company, aiming for continuous digital innovation in the insurance sector.

Goosehead Insurance (NASDAQ: GSHD) will announce its third quarter 2022 results on October 26, 2022, after market close. A conference call is scheduled for the same day at 4:30 PM ET, with dial-in numbers provided for participants. Interested parties can also join via a live webcast on Goosehead's investor relations website. The company focuses on delivering exceptional value and service through a broad range of insurance products. Goosehead operates over 2,341 franchise locations across the U.S., representing more than 140 insurance companies.

Goosehead Insurance (NASDAQ: GSHD) reaffirms its 2022 outlook, projecting total written premiums between $2.152 billion and $2.215 billion, reflecting 38% to 42% organic growth. Expected revenues range from $194 million to $205 million, with 28% to 35% organic growth driven by Core Revenue increases, though contingent commissions are anticipated to be $8-10 million. Following substantial investments in resources, Goosehead expects an increase in Adjusted EBITDA Margin for the year.