The dynamic world of independent insurance agencies offers consistent opportunities to turn a sizable profit by selling your established business. Before that day comes, it is essential to understand insurance agency valuation optimization. In order to achieve a truly satisfying…
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When estimating what a business is worth, business owners may rely on industry best practices and rules of thumb — for example, calculating its value by subtracting liabilities from assets. However, simplistic calculations do not always paint a complete picture…
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Every business has a net worth representing the value of its assets and revenue minus its costs and liabilities. Naturally, your insurance agency is also a business, so it too will have a specific value. Performing an insurance agency valuation can effectively…
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Profit margins in the insurance industry are notoriously low. According to statistics, many agencies operate with just 2% to 3% profit margins. Of course, insurance agents know that this is just one part of the picture regarding the value of their agency.…
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Insurance agency valuations have experienced a significant rise over recent years, and they continue to garner attractive purchase prices despite the status of the broader market. Understanding your agency's valuation gives you an idea of what your company is worth.…
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Insurance agencies are dynamic entities that continuously evolve and innovate over time, enabling them to not only adapt to changing industry trends but also potentially enhance their value in the process. While the insurance industry continually faces new challenges, it…
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Mergers are essential for a thriving insurance company to extend its operations and grow an established book of business. The merger process is complex and deserves careful attention to ensure that any decisions being made ultimately benefit your agency. Below…
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