Thu, Jul 25, 10:06 AM (44 days ago)
Goosehead Insurance, Inc. reported a 13% increase in total revenue to $78.1 million for Q2 2024 compared to $69.3 million in Q2 2023. Core Revenue rose 20% to $73.4 million, driven by a 34% increase in Renewal Royalty Fees and an 11% increase in Renewal Commissions. Net income grew by $3.7 million to $10.9 million, with basic and diluted EPS of $0.25 and $0.24, respectively. Adjusted EBITDA increased 7% to $24.7 million. Total Written Premiums placed rose 30% to $998.9 million. The company also repurchased $63.6 million worth of Class A common stock. Key uncertainties include market risks and contingent commissions.