GoHealth Reports Strong Fourth Quarter and Fiscal Year 2024 Results, Driven by a Successful Annual Enrollment Period

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[{"type":"text","content":"GoHealth Reports Strong Fourth Quarter and Fiscal Year 2024 Results, Driven by a Successful Annual Enrollment Period\n\n\n\n CHICAGO, Feb. 27, 2025 (GLOBE NEWSWIRE) -- GoHealth, Inc. (NASDAQ: GOCO) (“GoHealth” or the “Company”), a leading health insurance marketplace and Medicare-focused digital health company, today announced financial results for the three and twelve months ended December 31, 2024.\n \n\n\n\n Fourth Quarter Highlights\n \n\n\n\n\n Achieved net revenues of $389.1 million, a substantial 41% increase compared to the prior year period.\n \n\n\n\n Submissions grew to 481,445, representing a 67% increase compared to the prior year period.\n \n\n\n\n Net income of $58.0 million, a substantial improvement of $60.3 million compared to the prior year period.\n \n\n\n\n Adjusted EBITDA\n \n 1\n \n surged to $117.8 million, a significant 107% increase compared to the prior year period.\n \n\n\n\n Compared to the prior year period, Direct Operating Cost per Submission\n \n 2\n \n improved 27%, to an industry leading $501.\n \n\n\n\n The integration and transformation of e-TeleQuote Insurance, Inc. (“e-TeleQuote”) has driven growth and efficiency gains, delivering significant performance improvements in the 2024 Annual Enrollment Period.\n \n\n\n\n\n Full-Year 2024 Highlights\n \n\n\n\n\n Full-year net revenues reached $798.9 million, reflecting 9% growth compared to the prior year.\n \n\n\n\n Submissions were 1,016,182, a 23% increase compared to the prior year.\n \n\n\n\n Net loss of $7.3 million, an improvement of $144.0 million compared to the prior year.\n \n\n\n\n Adjusted EBITDA\n \n 1\n \n of $120.3 million, a 60% increase compared to the prior year.\n \n\n\n\n Successfully refinanced our credit facility with new five-year term and lender group.\n \n\n\n\n Supported nearly 3 million Medicare consumers in assessing benefit options in 2024.\n \n\n\n\n Implemented the PlanFit Save initiative and began receiving health plan compensation for membership retention.\n \n\n\n\n Remained top partner to health plans based on Submission volume.\n \n\n\n “GoHealth’s strong 2024 performance highlights our market-leading, technology-driven approach in the digital Medicare marketplace. While we predicted favorable market dynamics, we were even more pleased by the velocity of o...

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