Revenue and Growth Performance
Total revenue grew 20% over the previous year to $94 million, with core revenue growing 18% to $86.8 million. Adjusted EBITDA grew 18% to $29.2 million, producing a margin of 31% for the quarter.
Franchise and Agent Expansion
The company launched 16 new franchises across 12 states in the quarter. Franchise producers ended the quarter at 2,085, up 5% from a year ago.
Corporate Sales Team Growth
The corporate sales team ended the quarter with 479 total agents, up 53% over the previous year.
Strategic Partnerships
Announced partnerships with Baird & Warner and Fay Servicing, which are expected to capture significant insurance economics and could rapidly become some of the largest agencies in the system.
AI and Technology Initiatives
Leveraging AI to optimize the client experience and reduce servicing costs, and developing a direct-to-consumer marketplace to improve outcomes across the value chain.