Goosehead Insurance, Inc. Announces First Quarter 2025 Results

Core Insights - Goosehead Insurance reported a strong first quarter for 2025, with premium growth of 22% and total revenue increasing by 17% to $75.6 million compared to the same period in 2024 [3][4][5] - The company achieved a net income of$ 2.6 million, a 46% increase from $1.8 million in the prior year, with an adjusted EBITDA of$ 15.5 million, up 32% from $11.7 million [5][7][21] - Goosehead continues to expand its market presence, currently placing approximately$ 4 billion in annual premium, representing less than 1% of the over $500 billion U.S. personal lines market [3][4] Financial Performance - Total revenues for Q1 2025 were$ 75.6 million, a 17% increase from $64.5 million in Q1 2024, while core revenues also grew by 17% to$ 69.1 million [4][5][20] - The net income margin for the quarter was 4%, with earnings per share (EPS) increasing to $0.09 from$ 0.07 in the prior year [5][7][21] - Adjusted EBITDA margin expanded by 300 basis points to 21% compared to the previous year [3][5][7] Operational Highlights - Total written premiums increased by 22% to $1.0 billion, with policies in force rising by 13% to approximately 1,729,000 [5][36] - The company invested significantly in its production force, service functions, technology initiatives, and AI-driven tools to enhance the personal lines experience [3][4] - The corporate agent headcount grew by 46% to 426 compared to the prior year, and total franchise producers increased by 7% to 2,097 [5][36] Share Repurchase Program - Goosehead announced a new share repurchase authorization of up to$ 100 million for Class A common stock, effective through May 1, 2026 [10][5] 2025 Outlook - The company reiterated its guidance for full-year 2025, expecting total written premiums to be between $4.65 billion and$ 4.88 billion, representing growth of 22% to 28% [14]