Total Written Premiums: $1 billion, a 28% increase over the prior year period.
Franchise Premium Growth: 33% to $825 million.
Corporate Premium Growth: 12% to $204 million.
Total Revenues: $78 million, representing 10% growth over the prior year period.
Core Revenues: $73.5 million, up 16% for the quarter.
Adjusted EBITDA: $26.1 million, up 17% from $22.4 million a year ago.
Adjusted EBITDA Margin: Expanded 193 basis points to 34%.
Operating Cash Flow: Increased to $59 million from $37.4 million, a 58% increase.
Policies in Force: 1.6 million, an increase of 12% compared to 11% in the previous quarter.
Client Retention Rate: Stable at 84% from the second quarter to the third quarter.
Franchise Producers: 2,093, up from 1,995 in the second quarter of 2024.
Corporate Producers: 458, up 45% from the year-ago level of 316.
Same Store Sales Growth: 26% over the previous year.
Average Gross Pay per Franchise: Up 56% in the quarter compared to the prior year.
Cash and Cash Equivalents: $50.1 million at the end of the third quarter.
Debt to Trailing Four Quarter EBITDA: 1.2 times.
Net Debt to Trailing Four Quarter EBITDA: 0.6 times.
Guidance for Full Year 2024 Total Written Premiums: Expected to be between $3.7 billion and $3.82 billion.
Guidance for Full Year 2024 Total Revenues: Expected to be between $295 million and $310 million.
