Business
Goosehead Insurance, Inc. Announces First Quarter 2025 Results
– Total Revenue Increased 17% and Core Revenue* Grew 17% over the Prior-Year Period – – Total Written Premium increased 22% to $1.0 billion over the
About this update from Goosehead Insurance, Inc.
[{"type":"text","content":"– Total Revenue Increased 17% and Core Revenue* Grew 17% over the Prior-Year Period – – Total Written Premium increased 22% to $1.0 billion over the Prior-Year Period – – Net Income of $2.6 million versus Net Income of $1.8 million a year ago – – Adjusted EBITDA* of $15.5 million versus $11.7 million in the Prior-Year Period – – Company Announces new $100 million Share Repurchase Authorization through May 1, 2026 – WESTLAKE, Texas, April 23, 2025 (GLOBE NEWSWIRE) -- Goosehead Insurance, Inc. (“Goosehead” or the “Company”) (NASDAQ: GSHD), a rapidly growing independent personal lines insurance agency, today announced results for the first quarter ended March 31, 2025. First Quarter 2025 Highlights Total Revenues grew 17% over the prior-year period to $75.6 million in the first quarter of 2025First quarter Core Revenues* of $69.1 million increased 17% over the prior-year periodFirst quarter net income of $2.6 million improved from net income of $1.8 million a year agoEPS of $0.09 per share increased from $0.07 in the prior-year period, and Adjusted EPS* of $0.26 per share decreased 5% over the prior-year periodNet Income Margin for the first quarter was 4%Adjusted EBITDA* of $15.5 million increased from $11.7 million in the prior-year periodAdjusted EBITDA Margin* increased versus the prior-year period to 21%Total Written Premiums placed for the first quarter increased 22% over the prior-year period to $1.0 billion.Policies in Force increased 13% from the prior-year period to approximately 1,729,000Corporate agent headcount of 426 was up 46% compared to the prior-year periodTotal franchise producers of 2,097 increased 7% from the prior-year period “At Goosehead, our strong growth comes from delivering exceptional value to clients, agents and partners,” said Mark Miller, President and CEO. “For the first quarter we drove premium growth of 22% with total and core revenue* up 17%. Net Income increased 46% for the quarter and Adjusted EBITDA* for the quarter increased 32%. Net Income Margin was 4% and adjusted EBITDA margin* expanded 300 basis points to 21%. During the quarter we invested meaningfully in our production force, service function, technology initiatives, and AI-driven tools to enhance the personal lines experience across all our key stakeholders. We currently place roughly $4 billion in annual premium—still less than 1% of...