The independent insurance agent and broker channel posted an organic growth rate of 10.3% for 2023 — the highest annual level achieved since Reagan Consulting launched its quarterly Growth & Profitability study (GPS) in 2008.
Tag: independent agency growth
Reagan Consulting: Insightful Agents, Brokers ‘Poised to Prosper’
Last year was a second consecutive record-setter for independent insurance agents and brokers, but rate increases and inflation were driving their growth, not new business.
Median Organic Growth Levels Reach Double Digits for Independent Agents & Brokers
Good news never gets old. According to a Reagan Consulting survey, independent insurance agents and brokers experienced their fifth consecutive quarter of record-breaking organic growth. Their median organic growth reached double digits for the first time in the nearly 15-year history of the firm’s Growth & Profitability Survey, reaching 10.2% in the second quarter of… Continue reading Median Organic Growth Levels Reach Double Digits for Independent Agents & Brokers
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 Agents, Brokers Mark All-Time High in 2021
Organic growth rates among the nation’s independent insurance agents and brokers doubled from 2020 to 2021. It’s one of several zeniths uncovered in the latest Reagan Consulting Growth & Profitability Survey (GPS), which measured fourth-quarter 2021 results, completing the full-year look at the industry sector. Reagan partner Tom Doran reports the following records were set… Continue reading Independent Agents, Brokers Mark All-Time High in 2021
Agents and Brokers Continue to Break Growth Records, Investors See Healthy Returns
According to the most recent Reagan Consulting Growth & Profitability Survey, independent agents and brokers have continued to ride an unprecedented wave through the third quarter (Q3) of the year (GPS). If things go as planned through the fourth quarter of 2021, it will be the most profitable year on record since Reagan Consulting began… Continue reading Agents and Brokers Continue to Break Growth Records, Investors See Healthy Returns