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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.