STG’s October Sales Alerts publication demonstrates that the seller’s market is continuing its positive trend. What this means for buyers is that opportunity abounds nationwide. Now is an ideal time to be involved in the insurance industry, whether you’re an experienced insurance entrepreneur interested in adding more independent agencies to your portfolio or a potential first-time agency buyer.
A multitude of factors have simultaneously led to continued insurance industry growth. Beneficial legislation and macroeconomic conditions (decreased unemployment, increased incomes and homeownership rates) mean there is an increased national need for insurance coverage. The average consumer in the United States now owns more assets that need to be insured – this is especially true as millennials take the leap into homeownership.
As we recognize just how hot the insurance industry is, we also know that finding the right insurance agency to purchase isn’t easy for potential buyers. That’s where STG comes in. The listings we’ve included herein are merely a few of the active agencies that are currently for sale. We have partnered with a wide network in order to compile a comprehensive list of insurance agencies listed for sale all around the US. Potential buyers who are interested in our complete list need only give us a call or an email expressing your interest in working with Springtree Group throughout your agency purchase process.
SHOP A: Western Florida – This exciting opportunity involves a multi-location contracted general agency with Florida Blue located in western Florida. This agency has been in the health insurance business since 1983 and is now also cross selling P&C products to current clients and more. The bulk of the business is in Medicare supplement and Medicare advantage business. This agency has an outstanding multi location market presence. There are nineteen sales agents. The agency holds carrier appointments with Blue Cross/Blue Shield, Heritage, Progressive and more! Reported Revenue $2,350,000 / Asking Price $5MM.
SHOP B: Las Vegas, Nevada – Here we present you with an established eleven-year-old independent P&C agency in a prime mall location that is operated by two customer service agents. This is a non-standard and bilingual personal lines operation. Main carriers include Progressive, Claro, NV General, Mercury and Safeco. Seller will assist in book and staffing transition. PIF 600 / WAP $1.2 MM. Reported Revenue $144K / Asking Price 1X of Revenue.
SHOP D: Tampa, Florida –Own this highly respected Third-Party Administrator (TPA) that provides administrative services to employers for fully insured group Medicare retiree medical plans. Group retiree medical plans have matured into a nationally recognized niche product. Services are provided to 150 groups and 4,800 retirees. Extraordinary cross-sell opportunity. Reported Revenue $654K / Asking Price $979K.
STG is excited about the many independent insurance agency opportunities that are currently available for purchase. In addition to the three agencies shared above, we also have listings in Arizona, Texas (multiple listings), Massachusetts, New York Metro, California and more. For our complete list of independent insurance agencies for sale, simply reach out to Springtree group via phone, email, or by submitting a message on our contact form.