Goosehead Insurance Inc (OQ:GSHD)
Business Focus: Insurance Brokers
| Sector: Financials | Industry: Multiline Insurance & Brokers |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | Building 4, 1500 Solana Blvd Ste 4500 WESTLAKE TX 76262-1690 |
| Tel: | 1-214-8385290 |
| Website: | https://ir.gooseheadinsurance.com |
| IR: | See website |
| Key People | ||
| Mark E. Jones Chairman of the Board, Chief Executive Officer | Mark K. Miller President, Chief Operating Officer, Director | Mark E. Jones Chief Financial Officer |
| John T. O'Connor General Counsel, Corporate Secretary | David Lakamp Chief Service Officer | |
| Business Overview |
| Goosehead Insurance, Inc. is an independent personal lines insurance agency. The Company is engaged in distributing personal line policies throughout the United States. It offers Digital Agent, an online quoting platform, that allows clients to shop their home and auto insurance rates with top carriers. The Digital Agent combines millions of data points, which includes its quoting data over hundreds of thousands of transactions to bring clients actual quotes specific to their needs. Clients can then bind these quotes through a short call with one of its local licensed agents with expertise in the client's specific market. It distributes insurance policies in a range of primarily personal lines of business, including homeowner's insurance, automotive, dwelling property insurance, flood, wind and earthquake insurance, excess liability or umbrella insurance, specialty lines insurance (motorcycle, recreational vehicle, and other insurance), commercial lines insurance and life insurance. |
| Financial Overview |
| For the three months ended 31 March 2024, Goosehead Insurance Inc revenues increased 11% to $64.5M. Net income totaled $1.8M vs. loss of $81K. Revenues reflect increase in net premium earned. Net Income reflects Bad debts decrease of 32% to $1.1M (expense), Interest expense decrease of 14% to $1.5M (expense). Basic Earnings per Share excluding Extraordinary Items totaled to $0.07. |
| Employees: | 1,415 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $2,251M as of Mar 31, 2024 |
| Annual revenue (TTM): | $267.78M as of Mar 31, 2024 |
| EBITDA (TTM): | $42.89M as of Mar 31, 2024 |
| Net annual income (TTM): | $16.04M as of Mar 31, 2024 |
| Free cash flow (TTM): | $38.35M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $24.03M as of Mar 31, 2024 |
| Shares outstanding: | 37,990,682 as of Apr 22, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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