The organic growth rate of the independent insurance channel was 10.2% for the third quarter of 2023, representing a slight 1.0% drop from Q2.
Tag: agency organic growth
Hard Market, Inflation Continue to Boost Agency Organic Growth, Says Reagan Consulting
The independent insurance agent and broker channel posted organic growth of 11.2% in the second quarter of 2023 — once again exceeding its previous high-water mark of 11.1%, set in Q1 2023. Moreover, profit margins were high.
Independent Agents, Brokers Continue Record Run Performance
For a fourth consecutive quarter, independent insurance agents and brokers have set yet another organic growth record. That and other high markers are revealed by the latest Reagan Consulting Growth & Profitability Survey (GPS), which measured first-quarter 2022 industry performance. Agents and brokers “are enjoying an incredible run,” observes Brian Deitz, president and partner of… Continue reading Independent Agents, Brokers Continue Record Run Performance
Independent Channel Growth Starts 2019 Strong: Reagan
The new year is under way and organic growth remains solid among agents and brokers in the independent insurance channel. However, “some interesting subplots” are emerging that could mitigate the optimism, especially in the employee benefits sector, according to Reagan Consulting’s Organic Growth and Profitability (OGP) survey for the first quarter (Q1) of 2019. Overall,… Continue reading Independent Channel Growth Starts 2019 Strong: Reagan