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Technology Stocks : Growth Investing

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From: JakeStraw	2/5/2020 11:11:21 AM
	of 325

GOOSEHEAD INSURANCE, INC. ANNOUNCES SELECT PRELIMINARY KEY PERFORMANCE INDICATORS FOR FOURTH QUARTER AND YEAR-END 2019 ir.gooseheadinsurance.com Revenue under accounting guidance ASC 6051 for the fourth quarter of 2019 is expected to be between $20.1 million and $20.3 million, representing organic growth of between 37% and 38% from the fourth quarter of 2018. For the full year 2019, revenue under accounting guidance ASC 6051 is expected to be between $83.8 million and $84.0 million, representing organic growth of between 39% and 40% from 2018. Total written premiums placed grew 45% to $196 million in the fourth quarter of 2019, compared to $135 million during the fourth quarter of 2018. Total written premiums placed in 2019 were $739 million, an increase of 45% from 2018. Policies in force grew 44% to 482,000 at year end 2019, compared to 334,000 at year end 2018. Corporate sales headcount of 248 as of December 31, 2019 was up 49% year-over-year. Total franchises increased 47% compared to the prior-year period to 948 as of December 31, 2019; total operating franchises grew 34% compared to the prior-year period to 614.

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