Sica Fletcher

SEPTEMBER 12, 2024

Although insurance agencies are not always family affairs, the 2024 insurance landscape reveals that between 50% and 70% of agencies are family-owned. The valuation process has a few additional considerations when selling a family insurance agency. In particular, sellers should be aware of: Family Reputation as an Asset.

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Insurance Valuation M&A S&P 52

Sica Fletcher

JULY 11, 2024

The following report details insurance brokerage M&A multiple averages for H1 2024. Our research team averaged the information using data from our Sica | Fletcher index, which monitors approximately 70% of insurance sector transactions. Because several kinds of insurance are legally required (e.g.,

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M&A Insurance Debt Equities 52

Sica Fletcher

SEPTEMBER 3, 2024

The following article details the process of selling an insurance agency book of business in 2024, including deviations from the process of selling an agency, the valuation process, and common payout structures. Selling an insurance agency book of business has a few advantages over selling the agency in total. Why Sell Just the Book?

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Insurance Business Valuation M&A 52

Sica Fletcher

JULY 2, 2024

For agency owners looking to sell their business in 2024, it’s helpful to know something about the insurance M&A buyer landscape before going in. The following section details the insurance M&A buyer landscape as of Q3 2024. To provide a sense of context for buyers’ current standing, we also include information from 2023.

Insurance 52

Insurance M&A Private Equity Advisory 52

Sica Fletcher

JUNE 14, 2024

Insurance agency owners who are considering the prospect of running an M&A deal process often have many concerns about the fate of their agencies, but the most common by far are those surrounding the agency’s purchase price at closing. We’ll also detail some of the factors affecting these calculations.

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Insurance Valuation M&A S&P 52

Sica Fletcher

MAY 8, 2024

Quite a few articles already detail the process of “how” to sell an insurance agency (you can read our article on that subject here ), but very few get to the bare bones of “why.” If you’re asking, “ should I sell my insurance agency,” the three big questions you must answer first are: Why Do I Want To Sell?

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Insurance M&A Valuation Advisory 52

Sica Fletcher

APRIL 2, 2024

The following report examines the health and outlook for insurance M&A deals in 2024. We base this research on several key findings in our proprietary SF database, which observes and records data from the top ~400 insurance M&A buyers. Agency vs. Company: Which Is The Better Insurance M&A Deal?

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Insurance M&A S&P Broker 52

Sica Fletcher

JULY 31, 2024

The 2024 insurance M&A market has changed substantially from just a few years ago, with potentially staggering implications for the future of insurance M&A transactions. Insurance M&A Transactions in 2024 The insurance M&A transactions we have observed thus far in 2024 indicate larger trends in the sector.

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M&A Insurance Debt Equities 52

Sica Fletcher

MARCH 28, 2024

The following report contains our observations of insurance M&A trends in 2024. However, volume and value in the insurance sector remained remarkably stable. As insurance M&A enters into the 2020s, however, buyers are looking at several additional factors that speak to an agency’s more intangible qualities.

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M&A Insurance Mergers and Acquisitions Equities 52

Sica Fletcher

JUNE 11, 2024

The following report contains our projections for Q3 2024 insurance broker valuation multiples. In addition, we categorize this data according to insurance industry specialization and by brokerage size, as measured by their annual revenue. Since H1 2023, the average insurance brokerage valuation multiple has hovered around 11.6x

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Broker Insurance Valuation S&P 52

Sica Fletcher

APRIL 30, 2024

This article presents a step-by-step guide on how to value an insurance agency - both in the sense of how a valuation agency/M&A advisor goes about valuation, and also in terms of what insurance agency owners can do to maximize their valuation prior to running an M&A deal.

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Insurance Valuation M&A S&P 52

Sica Fletcher

MAY 15, 2024

This article breaks down the question, “how much is my insurance agency worth” in further detail, but the table below provides a surface-level overview based on varying degrees of revenue and operating expense: How Much Is My Insurance Agency Worth: A Breakdown Answering the question, “how much is my insurance agency worth?”

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Insurance S&P M&A Valuation 52

Sica Fletcher

MARCH 8, 2024

Having advised on a record number of insurance agency M&A transactions, we have used our unusually large dataset in tandem with access to third-party M&A databases to provide up-to-date averages of EBITDA multiples for insurance brokerages in 2024. What Is Affecting Insurance Agency EBITDA Multiples?

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Insurance M&A S&P Valuation 52

Sica Fletcher

JULY 23, 2024

In it, we provide readers with a quick and simple overview of the current insurance brokerage M&A market , after which we discuss several macroeconomic and industry-specific factors that could drastically affect transactions in the next six months. The market is already highly competitive, but it’s also limited to what buyers can afford.

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Insurance M&A S&P Valuation 52

Sica Fletcher

MAY 29, 2024

M&A transactions for insurance companies are part of a robust but complicated market that requires ingesting a great deal of data in order to fully understand. While insurance M&A did see slight dips in deal volume and average value (Fig.2) While insurance M&A did see slight dips in deal volume and average value (Fig.2)

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M&A Insurance Equities S&P 52

Sica Fletcher

MARCH 12, 2024

As one of the most active M&A firms in the insurance sector, we are frequently asked how insurance agency valuations work. This article discusses the fundamentals of insurance agency valuations, plus a few lesser-known factors that play into these processes before we give an overview of the insurance M&A market in 2024.

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Valuation Insurance M&A Profitability 52

Sica Fletcher

AUGUST 23, 2023

According to the S&P Global Market Intelligence League Table, Sica | Fletcher closed 51 M&A deals year to date (mainly insurance-related), representing a commanding 46% of all 2023 transactions and nearly double that of its closest competitor.

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Insurance M&A S&P Shares 52

Sica Fletcher

APRIL 18, 2024

is the most common question that we get from owners considering selling an insurance agency. This article seeks to cover the two most significant bases of selling an insurance agency - price and equity - to offer readers a more holistic sense of a positive deal structure. This is the natural consequence of getting an immediate payout.

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Insurance Equities M&A Finance 52

Sica Fletcher

MARCH 14, 2024

Disclaimer: The article below contains a quick and easy method for calculating the ballpark value of an insurance agency using standardized market information. Readers should note that the actual value of your insurance agency may vary considerably from what this estimate might provide.

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Insurance Valuation M&A Consulting 52

Sica Fletcher

MARCH 26, 2024

This article outlines how to sell an insurance agency by chronological steps, with a quick overview of the process in the table immediately following. We also include some key insights we’ve gathered over several decades of selling insurance agencies. Insurance agency M&A transactions take one of two forms: Auction.

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M&A Insurance Valuation Advisory 52

Sica Fletcher

MAY 13, 2024

Q1 2024 Agency and Broker Buyer Index Reveals a Dynamic Landscape for Insurance M&A NEW YORK, NY - May 13, 2024 - Sica | Fletcher releases the Q1 2024 Agency & Broker Buyer Index. The Sica | Fletcher Index is the leading report on mergers and acquisitions within the insurance brokerage sector. Learn more at SicaFletcher.com.

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Insurance M&A Broker Mergers and Acquisitions 52

Sica Fletcher

JUNE 20, 2024

The insurance M&A market in 2024 is significantly more complex now than it was 20 years ago. However, this report seeks to make sense of these qualities as a whole to provide an overview of the 2024 insurance M&A market. for insurance agencies.

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M&A Insurance Valuation Equities 52

JD Supra: Mergers

JUNE 16, 2023

Hosts Lynda Bennett and Eric Jesse build on their recent discussion with Lowenstein M&A Chair and Transactions & Advisory Group co-Chair Marita Makinen about the current state of play in the M&A and private equity space.

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Private Equity M&A Equities Insurance 130

Sica Fletcher

OCTOBER 27, 2023

S&P Global’s 2023 September YTD Market Intelligence League Table Released NEW YORK, NY - October 27, 2023 - Sica | Fletcher, a premier financial advisory firm, retains its commanding presence in the #1 spot on S&P Global’s Market Intelligence League Table, a position the firm has held quarter-over-quarter since 2017.

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M&A S&P Insurance Advisory 98

Sica Fletcher

FEBRUARY 18, 2020

In 2019, we closed the largest number of transactions ever for our firm, reflecting the increasingly robust M&A market for insurance brokers driven mainly by private equity sponsored brokerages. About Sica | Fletcher Among the brokerage community, Sica | Fletcher is well known as the leading strategic advisory firm in the U.S.

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Insurance M&A Private Equity Advisory 52

Sica Fletcher

FEBRUARY 2, 2022

As the advisory firm that executes by far the largest number of mergers and acquisitions transactions for insurance agents and brokers, and with our deep experience and contacts within the private equity community, we have a better vantage point on what is going on than most others. Or will the multiples decrease?

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Insurance M&A Mergers and Acquisitions Private Equity 52

Sica Fletcher

MAY 16, 2024

S&P Global’s 2024 Market Intelligence League Table Released NEW YORK, NY - May 16, 2024 - Premier financial advisory firm Sica | Fletcher continues to lead the insurance M&A industry in 2024 by maintaining the # 1 spot on S&P Global’s Market Intelligence 2024 League Tables for M&A. Learn more at SicaFletcher.com.

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M&A S&P Insurance Advisory 52

Deal Lawyers

JULY 26, 2023

The key takeaways from […]

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M&A Private Equity Investment Banking Advisory 100

Peak Frameworks

MAY 2, 2024

The Basics of Nonforfeiture Clauses A nonforfeiture clause is a provision in certain insurance policies that guarantees the policyholder a benefit of some value in case they default on premium payments after a certain amount of premium has been paid.

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Insurance Finance Finance Private Equity 52

Sica Fletcher

FEBRUARY 8, 2024

S&P Global’s 2023 Market Intelligence League Table Released NEW YORK, NY - February 8, 2024 - Sica | Fletcher, a premier financial advisory firm, retains its commanding presence in the #1 spot on S&P Global’s Market Intelligence League Table, a position the firm has held quarter-over-quarter since 2017. Learn more at SicaFletcher.com.

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M&A S&P Insurance Advisory 40

Sica Fletcher

JULY 30, 2024

Updated Rankings for S&P Global’s Market Intelligence League Tables Released NEW YORK, NY - July 30, 2024 - Leading advisory firm Sica | Fletcher continues to command the insurance M&A industry by maintaining the #1 spot on S&P Global’s Market Intelligence 2024 League Tables.

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M&A S&P Insurance Advisory 40

Sica Fletcher

AUGUST 5, 2024

The Sica | Fletcher Index is the leading report on mergers and acquisitions within the insurance brokerage sector. The shift in buyer rotation year over year is contributing to the evolving dynamics of the insurance M&A landscape. billion in insurance agency and brokerage transactions since 2014.

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M&A Broker Insurance Mergers and Acquisitions 52

Sica Fletcher

AUGUST 5, 2024

The Sica | Fletcher Index is the leading report on mergers and acquisitions within the insurance brokerage sector. The shift in buyer rotation year over year is contributing to the evolving dynamics of the insurance M&A landscape. billion in insurance agency and brokerage transactions since 2014.

M&A 52

M&A Broker Insurance Mergers and Acquisitions 52

Sica Fletcher

FEBRUARY 6, 2024

An analysis of the most active acquirers in the insurance brokerage space reveals 13% higher average revenue values but lower transaction volume than 2022 as the year closed. The Sica | Fletcher Index stands as the leading report on mergers and acquisitions within the insurance brokerage sector. Learn more at SicaFletcher.com.

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Broker Insurance Mergers and Acquisitions S&P 52

Sica Fletcher

AUGUST 30, 2023

With 22 of the most active acquirers in the insurance brokerage space, the Sica | Fletcher Index indicates improvement over the previous quarter. The Sica | Fletcher Agency & Broker Buyer Index is the most comprehensive report on insurance brokerage M&A activity in existence.

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M&A Insurance Broker Private Equity 52

The TRADE

JUNE 17, 2024

Over the past year, FINBOURNE has secured new clients across global investment management, banking and capital markets which it serves including Northern Trust, Omba Advisory and the Pension Insurance Corporation (PIC).

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Funds Investment Manager Capital Market Investment 69

Sica Fletcher

DECEMBER 16, 2020

Every year, numerous insurance agency and broker principals attempt to sell their companies by being " Serial Daters". About Sica | Fletcher Among the brokerage community, Sica | Fletcher is well known as the leading strategic advisory firm in the U.S. This is generally a very big mistake.

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Insurance Private Equity Advisory Equities 52