$16.2MM Prem Insurance Agency 60/40 Personal/Comm

Tulsa, OK
Tulsa County


Asking Price: Annual Revenue:
$17,000,000 $2,280,000

Services: Financial, Accounting, Insurance


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RE: $16.2MM Prem Insurance Agency 60/40 Personal/Comm Broker: Rick Carlson
License #: 01820673
Owner Financing is Available!
Available if the price and deal structure is right.

Quick Facts

Asking Price: $17,000,000
Annual Revenue: $2,280,000
Net Profit: Not Disclosed
Cash Flow: $1,860,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2010
Employees: 5
BBN Listing #: 651827574
Broker Reference #: 1021 Insurance

Email or Print Listing

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Business Overview:

We are representing an independent insurance agency that is looking to complete a divestiture their overall agency. Overall the Agency has been able to show an average YoY growth of roughly 12% (from 2019-2021). Currently managing roughly ~6,000 policies where they are divided up as roughly – 60% personal lines (by premium value) and 40% commercial lines (by premium value); the majority of those policies (overall) being 33% homeowners and 32% standard auto (with the remainder being misc. lines of business).

As a relatively high commission agency, they have been able to develop very strong carrier relationships (the majority of which being direct carrier relationships) where they are able to yield a strong average commission rate of greater than 14%.

For a large-scale producer this poses as a very strong opportunity for cross selling the current agency and roll-over opportunity for gaining a significant number of clients / premium and large-scale clients within commercial lines.

Additional bullet points on Agency:

• Average policies per customer – 1.9
• Average premium per customer – ~$5k
• Average premium per policy:
o Personal – ~$2.5k
o Commercial – ~$4.7k
• Top carriers for the agency are as follows:
o Safeco – 26.39%
o Hanover – 14.55%
o Progressive – 11.13%
o Travelers – 8.25%
o ASI – 7.11%
o Mercury – 2.66%
• $16.2MM total Policies in Force (aka PiF)
• 6,181 total policies
• 60% Personal lines: 40% Commercial lines
• Breakdown of book:
o 33% home
o 32% standard auto
o remainder are misc. lines
• Strong carrier relationships – the majority of them being direct carrier relationships
• Agency is operating @ avg. ~14% commission rate across all carriers
• Strong opportunity for cross selling

NDA is required to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Market Competition and Expansion:

Competition: Yes Growth & Expansion: Abundant growth opportunities, book is literally collecting income and strong potential for cross sells with the right agency and relationships, and bundle policies (if possible).

Reason for Selling:

Retirement.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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