Goosehead Insurance, Inc (GSHD) Q4 2024 Earnings Call Transcript

For the period ending December 31, 2024

February 24, 2025 4:30 p.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good day, and thank you for standing by. Welcome to the Goosehead Insurance Fourth Quarter 2024 Earnings Conference call. At this time, all participants are in listen-only mode. [Operator Instructions]. Please be advised that today's conference is being recorded.

I'll now like to hand the conference over to your speaker today, Dan Farrell, Vice President, Capital Markets, please go ahead.

Daniel Farrell

Thank you, and good afternoon. Before we begin our formal remarks, I need to remind everyone that part of our discussion today may include forward-looking statements, which are based on the expectations, estimates and projections of management as of today. Forward-looking statements in our discussion are subject to various assumptions, risks, uncertainties that are difficult to predict and which could cause actual results to differ materially from those expressed or implied in the forward-looking statements. These statements are not guarantees of future performance, and therefore, undue reliance should not be placed upon them.

We refer you to all our recent SEC filings for a more detailed discussion of risks and uncertainties that could impact future operating results and financial condition of Goosehead. We disclaim any intention or obligation to update or revise any forward-looking statements, except to the extent required by applicable law. I would also like to point out that during this call, we will discuss certain financial measures that are not prepared in accordance with GAAP. Management uses these non-GAAP financial measures when planning, monitoring and evaluating our performance.

We consider these non-GAAP financial measures to be useful metrics for management and investors to facilitate operating performance comparisons period to period by including potential differences caused by variations in capital structure, tax position, depreciation and amortization and certain other items that we believe are not representative of our core business.

For more information regarding the use of non-GAAP financial measures, including reconciliations of these measures to the most recent comparable GAAP financial measures, we refer you to today's earnings release. In addition, this call is being webcast, an archived version will be available shortly after the call ends on the Investor Relations portion of the company's website at goosehead.com.

Now, I'd like to turn the call over to our President and CEO, Mark Miller.

Mark Miller

Thanks, Dan. Good afternoon everyone, and welcome to our fourth quarter 2024 earnings call. Before we dive into the results, I want to take a moment to acknowledge those affected by the devastating California wildfires. Our thoughts are what the individual and families impacted by this tragedy. These events serve as a powerful reminder of the critical role insurance plays in rebuilding lives, and we're deeply thankful for our agents who are on the ground supporting clients during these most challenging times. Throughout 2024, we saw many powerful reminders of why insurance is more than a product. It's a lifeline when it matters most. It was a year of significant natural catastrophes and insurance market challenges, which underscore the critical role we play for clients, agents, and carriers.