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 (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.
Goosehead Insurance (NASDAQ: GSHD) has announced the promotion of Mark Jones, Jr. to Chief Financial Officer, effective immediately. Jones, who joined the company in 2016, has played a key role in overseeing SEC reporting and financial planning. He succeeds Mark Colby, the former CFO, who will be leaving to pursue other opportunities after a decade with the company. Goosehead continues to enhance its management team to support its growth as a leading independent personal lines insurance agency, representing over 140 insurance companies across the U.S.
Goosehead Insurance (GSHD) reported strong financial results for Q2 2022, with total revenue increasing by 39% year-over-year to $53 million. Core revenue also rose 39% to $48.1 million. Despite a 24% decrease in net income to $2.4 million, adjusted EBITDA surged 85% to $12.5 million, lifting the adjusted EBITDA margin to 24%. Written premiums increased by 42% to $566 million, with policies in force growing 35%. The company plans for continued growth, projecting total revenues for 2022 between $194 million and $205 million, reflecting 28%-35% organic growth.
Goosehead Insurance (NASDAQ: GSHD) will release its second quarter 2022 financial results after market close on July 27, 2022. A conference call to discuss these results is scheduled for the same day at 4:30 PM ET. Participants can join the call by dialing (855) 327-6837 (toll-free) or (631) 891-4304 (international), with a request to call in 10 minutes early. A live webcast will be available on the company's investor relations website, with a replay accessible for one year following the event.
Goosehead is a pioneering independent insurance agency, emphasizing customer-centric service.
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