The independent insurance agent and broker channel tallied an 8.4% organic growth rate for Q1 2024 — the lowest rate of growth in 11 straight quarters according to Reagan Consulting’s quarterly Growth & Profitability Survey (GPS).
Tag: Reagan Consulting
Agents, Brokers Achieve Record Annual Growth
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.
Agents, Brokers See Slight Organic Growth Rate Deceleration
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.
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.
Industry Insights from Reagan Consulting’s 2023 Best Practices Symposium
During Reagan Consulting’s Best Practices Symposium, several predictions were made about the future of the insurance industry.
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
Amid Uncertainty, Insurance Brokerage Firms Remain Resilient, Optimistic
While the U.S. economy contracted in the second quarter of 2020 (Q2) at a rate not seen in 70 years, the insurance brokerage industry is a “shining star” with median organic growth of 4.4%, according to Reagan Consulting. This is the rate of growth for the six-month period that ended on June 30, compared with… Continue reading Amid Uncertainty, Insurance Brokerage Firms Remain Resilient, Optimistic
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