WESTLAKE, Texas, Sept. 13, 2022 (GLOBE NEWSWIRE) — Goosehead Insurance, Inc. (“Goosehead” or the “Company”) (NASDAQ: GSHD), a quickly rising unbiased private strains insurance company, introduced right now that the corporate reiterates its full 12 months 2022 outlook.
The Company’s outlook for full 12 months 2022 is as follows:
- Total written premiums positioned for 2022 are anticipated to be between $2.152 billion and $2.215 billion, representing natural progress of 38% on the low finish of the vary to 42% on the excessive finish of the vary.
- Total revenues for 2022 are anticipated to be between $194 million and $205 million, representing natural progress of 28% on the low finish of the vary to 35% on the excessive finish of the vary, pushed by excessive ranges of Core Revenue progress partly offset by decrease than historic common contingent commissions of $8-10 million for the complete 12 months 2022 as our carriers proceed to wrestle with their underwriting profitability.
- After a 12 months of historic investments in folks, expertise, and actual property, Adjusted EBITDA Margin is anticipated to broaden for the complete 12 months 2022.
About Goosehead
Goosehead (NASDAQ: GSHD) is a quickly rising and revolutionary unbiased private strains insurance company that distributes its services all through the United States. Goosehead was based on the premise that the patron ought to be on the middle of our universe and that every part we do ought to be directed at offering extraordinary worth by providing broad product alternative and a world-class service expertise. Goosehead represents over 140 insurance firms that underwrite private strains and small industrial strains dangers, and its operations embrace a community of 15 company gross sales places of work and over 2,341 working and contracted franchise areas. For extra info, please go to gooseheadinsurance.com.
Forward-Looking Statements
This press launch might comprise varied “forward-looking statements” inside the which means of the Private Securities Litigation Reform Act of 1995, which symbolize Goosehead’s expectations or beliefs regarding future occasions. Forward-looking statements are statements aside from historic info and will embrace statements that deal with future working, monetary or business efficiency or Goosehead’s methods or expectations. In some instances, you’ll be able to establish these statements by forward-looking phrases corresponding to “may”, “might”, “will”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “projects”, “potential”, “outlook” or “continue”, or the destructive of those phrases or different comparable terminology. Forward-looking statements are primarily based on administration’s present expectations and beliefs and contain vital dangers and uncertainties that would trigger precise outcomes, developments and business selections to vary materially from these contemplated by these statements.
Factors that would trigger precise outcomes or efficiency to vary from the expectations expressed or implied in such forward-looking statements embrace, however usually are not restricted to, situations impacting insurance carriers or different events with which Goosehead does business, the financial results of the COVID-19 pandemic, the lack of a number of key executives or an incapacity to draw and retain certified personnel and the failure to draw and retain extremely certified franchisees. These dangers and uncertainties additionally embrace, however usually are not restricted to, these described beneath the captions “1A. Risk Factors” in Goosehead’s Annual Report on Form 10-Okay for the 12 months ended December 31, 2021 and in Goosehead’s different filings with the SEC, which can be found freed from cost on the Securities Exchange Commission’s web site at: www.sec.gov. Should a number of of those dangers or uncertainties materialize, or ought to underlying assumptions show incorrect, precise outcomes might range materially from these indicated. All forward-looking statements and all subsequent written and oral forward-looking statements attributable to Goosehead or to individuals performing on behalf of Goosehead are expressly certified of their entirety by reference to those dangers and uncertainties. You shouldn’t place undue reliance on forward-looking statements. Forward-looking statements communicate solely as of the date they’re made, and Goosehead doesn’t undertake any obligation to replace them in gentle of latest info, future developments or in any other case, besides as could also be required beneath relevant legislation.
Contacts
Investor Contact:
Dan Farrell
Goosehead Insurance – VP Capital Markets
Phone: (214) 838-5290
Email: [email protected]; [email protected]
PR Contact:
Mission North for Goosehead Insurance
Email: [email protected]; [email protected]
