Say you have an Agency that has 3 million in premium, 87% retention, ALL personal lines P&C, 2.5 lines per household, 3200 PIF, Agency renewals 500,000.
Current Net Agency Profit around 200,000 Yr.
What would that type of Agency fetch on the market at sell? 1.5 X renewals? 2X?
In Dallas/Ft Worth Market, Large Farmers Captured Agency.
Let me emphasize that it is not for sale, simply curious...
Current Net Agency Profit around 200,000 Yr.
What would that type of Agency fetch on the market at sell? 1.5 X renewals? 2X?
In Dallas/Ft Worth Market, Large Farmers Captured Agency.
Let me emphasize that it is not for sale, simply curious...
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