$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.

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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:


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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