Goosehead Insura Stock Price, News & Analysis

Goosehead Insurance (NASDAQ: GSHD) announced the promotion of 10 new managing directors to strengthen its leadership team and support growth in 2022. This change reflects Goosehead's commitment to fostering a culture of professional development amidst the competitive hiring landscape due to the Great Resignation. Each new director brings unique skills from diverse departments, emphasizing the company's strategy of promoting leaders from within. Goosehead's growth continues, with a focus on maximizing employee strengths to enhance overall performance.

Goosehead Insurance (NASDAQ: GSHD) released its inaugural 2022 ESG Report, showcasing its commitment to sustainability and community engagement. Highlights include a 47% annual growth in workforce since 2018, with 1,290 employees actively participating in the Employee Stock Purchase Plan. The company emphasizes diversity, with over half of its employees being women, and nearly 40% identifying as racially diverse. Goosehead also maintains a paperless environment and is focused on data security, ensuring client information safety. The report underscores the significance of sustainable practices within its operational ethos.

Goosehead Insurance (NASDAQ: GSHD) reported strong financial results for 2021, with a 16% growth in total revenues for Q4 and 29% for the full year, reaching $40.2 million and $151.3 million respectively. Core revenues rose 35% in Q4 and 40% for the year. Total written premiums increased by 43% for Q4 and 45% for the full year. The company achieved a net income of $0.9 million in Q4 and $8.3 million for the full year. The outlook for 2022 projects total revenues between $197 million and $212 million, indicating continued growth.

Goosehead Insurance (NASDAQ: GSHD) will announce its fourth quarter and full year 2021 results on February 23, 2022, after market close. A conference call is scheduled for the same day at 4:30 PM ET to discuss the results. Interested participants can join via dial-in numbers, with a toll-free option at (855) 327-6837. A live webcast will also be accessible through their investor relations website. Goosehead is a fast-growing independent insurance agency, representing over 140 insurance companies across the U.S.

Goosehead Insurance (NASDAQ: GSHD) has expanded its Board of Directors, appointing Waded Cruzado and Thomas McConnon as new Directors. Cruzado, President of Montana State University, brings a strong educational leadership background, while McConnon serves as Managing Director and Chief Economist at Wildcat Capital Management, with extensive experience in private equity. James Reid joins the Compensation Committee, and Mark Jones steps down. The board aims to leverage these new perspectives to enhance consumer education and strengthen the company’s market position.

Goosehead Insurance (NASDAQ: GSHD) reported preliminary fourth quarter and full year 2021 performance metrics, highlighting significant growth despite challenges. Fourth quarter revenue is expected between $39 million and $41 million, demonstrating organic growth of 13% to 18%. Full year revenue estimates range from $150 million to $152 million, with organic growth of 28% to 30%. Total written premiums rose 43% to $407 million in Q4, while total franchises grew 47% year-over-year. CEO Mark E. Jones noted strong performance amid adverse conditions, setting a positive outlook for 2022.

Goosehead Insurance (NASDAQ: GSHD) has partnered with Ethos Life to enhance its offerings by entering the life insurance market. This strategic alliance allows clients to access life insurance through Goosehead's Digital Agent Platform, eliminating traditional barriers such as blood tests and medical exams. Given the $150 billion life insurance market in the U.S., this move aims to provide easier coverage options for underinsured consumers. Goosehead’s mission remains focused on client-centric solutions, enhancing the insurance shopping experience.

Goosehead Insurance reported a robust third quarter for 2021 with total revenues reaching $41.7 million, a 30% increase year-over-year, and core revenues soaring 41% to $37.2 million. The company's net income was $5.4 million, translating to $0.21 per basic share. Total written premiums grew by 44% to $435 million, aided by a 44% increase in policies in force. The firm launched its innovative Digital Agent Platform, receiving positive feedback. Goosehead anticipates 2021 total revenues between $149 million and $155 million, up from earlier projections.

Goosehead Insurance (NASDAQ: GSHD) will release its Q3 2021 results after market close on October 27, 2021. A conference call to discuss the results is scheduled for 4:30 PM ET the same day. Participants can join by calling (855) 327-6837 or (631) 891-4304. A live webcast will be accessible on Goosehead's investor relations website. Goosehead is known for its innovative personal lines insurance services, operating over 1,800 franchise locations across the U.S. and representing more than 140 insurance companies.