I'm curious as to what the folks in here think a proper sales price would be for the agency I work for. I know that sales prices vary wildly depending on numerous factors so I thought I'd spell out some details and get opinions if you'll all be so kind:
Total yearly book premium: 2,300,000.00
100% personal lines
58% of business homeowners/dwelling fires/renters (agency mainly wrote for 2 large mortgage companies and autos only came from cross selling these)
40% of business auto
2% of business "other" umbrella, boat etc
85-88% avg yearly retention
Top 5 carriers: Safeco, Travelers, En
Source of insurance-forums.net
Total yearly book premium: 2,300,000.00
100% personal lines
58% of business homeowners/dwelling fires/renters (agency mainly wrote for 2 large mortgage companies and autos only came from cross selling these)
40% of business auto
2% of business "other" umbrella, boat etc
85-88% avg yearly retention
Top 5 carriers: Safeco, Travelers, En
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