Goosehead’s 2024 net income soars 107% as revenue hits $314.5m

Goosehead Insurance has reported net income for 2024 of $49.1 million, up 107% from 2023, while total revenue increased 20% to $314.5 million.

Despite significant macroeconomic challenges, Goosehead described 2024 as an “outstanding” year, with full-year premium growth of 29% and a 17% increase in core revenue. Adjusted EBITDA was also up 43% from 2023, reaching $99.9 million in 2024.

For Q4 2024 alone, Goosehead disclosed that revenues were $93.9 million, an increase of 49% compared to the corresponding period in 2023.

The firm also grew total written premiums, which it considers to be the leading indicator of future revenue growth, by 28% in Q4 2024 compared to the corresponding period in 2023.

Goosehead’s et income in Q4 2024 was $23.8 million versus net income of $5.4 million in Q4 2023, with the improvement primarily due to strong revenue growth and expense discipline.

Total Adjusted EBITDA was $37.4 million in Q4 2024, compared to $14.1 million in Q4 2023.

Mark K Miller, President and CEO of Goosehead Insurance, commented, “Loss activity and insurance market challenges in 2024 and the start of 2025 have further highlighted the importance of appropriate personal lines coverage, as well as the value we bring to clients, agents and carriers.

“We are encouraged to be seeing signs of gradual improvement in the product market. I couldn’t be more excited for what lies ahead as we continue to invest in people and technology. This further expands our competitive moat as we progress on our journey to becoming the largest distributor of personal lines in the US.”

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