Looking for a buyer.
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###-###-#### Currently managing roughly ~6k 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 {LINK ABOVE} to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners. Detailed Information: Facilities: N/A 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). Financing: Available if the price and deal structure is right. Support & Training: As needed. Reason for Selling: Retirement.

listing type
exclusive representation
Tulsa, OK, USA
proposed price
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