View this article online: https://www.insurancejournal.com/magazines/mag-editorsnote/2013/08/05/300276.htm
For nine years now Insurance Journal has strived to identify the nation’s leading privately held independent property/casualty insurance agencies in our annual Top 100 P/C Agencies special report. This year, we dug a little further in that search.
In previous Top 100 reports, Insurance Journal ranked leading agencies by total P/C premium, which included total commercial lines and personal lines premium for each agency. But premium doesn’t always mean profitability especially in the independent agency world, which can often thrive on agency and brokerage fee income and contingency income.
As a result, we changed the 2013 Top 100 list to rank by total P/C revenue as reported in 2012, which includes total commercial lines revenue and personal lines revenue for each agency. Subsequent reports will list Top Commercial Lines Leaders and Top Personal Lines Leaders also ranked by revenue.
Another big change in this year’s Top 100 report is the exclusion of an important and growing industry sub-sector – independent agency networks, clusters, franchise and aggregator groups.
Network and aggregator groups – organizations that join the premium and services of many individual, privately-owned independent agencies – play an important role in the independent agency system today. Their growing prominence and unique structure made it necessary to develop a list of their own. This year’s report highlights the nation’s Top 20 Agency Networks/Aggregator Groups. We hope to expand and further develop this list for future Insurance Journal reports.
Lastly, the report features a list of the nation’s Top 20 Bank Holding Companies and Banks in Insurance ranked by 2012 insurance brokerage fee income courtesy of the Michael White Bank Insurance Fee Income Report, which was sponsored by Dowling Hales.
The evolution of Insurance Journal‘s Top 100 report would not have been possible without the willing participation of all of the agencies and brokerages that have shared their information over the years. All information in this report is gathered from voluntary online submissions and best estimates based on other public information sources.
We thank the many agencies that have contributed over the years and invite others that have never submitted information for the report to consider it next year. Be proud of what you have accomplished.
For questions, comments or criticisms, write to us at Insurance Journal. And congratulations to this year’s top agencies!