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?

M&A 52

M&A Insurance S&P Broker 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

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?”

Insurance 52

Insurance M&A S&P Valuation 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

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.

M&A 52

M&A Insurance Debt Equities 52

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.

Insurance 52

Insurance Valuation M&A S&P 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?

Insurance 52

Insurance M&A S&P Valuation 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.

Insurance 52

Insurance Valuation M&A Consulting 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.

M&A 52

M&A Insurance Valuation Equities 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. and EBITDA gives buyers a better sense of the agency's future profitability.

M&A 52

M&A Insurance Valuation Advisory 52

Razorpay

AUGUST 9, 2023

Functions of Merchant Banks A merchant bank’s primary function is to provide financial and advisory services to medium-sized businesses. Morgan Stanley India: Global investment bank with a strong presence in India, offering services such as underwriting, M&A advisory, and equity research.

Banking 52

Banking Bank Business Underwriting 52

Sica Fletcher

OCTOBER 23, 2024

The following article discusses how to value a Registered Investment Advisory firm (RIA) prior to taking it to market. About Sica | Fletcher: Sica | Fletcher is a strategic and financial advisory firm focused exclusively on the insurance industry. Who Performs A Valuation?

Valuation 52

Valuation M&A Insurance Advisory 52

How2Exit

JUNE 12, 2023

For example, they offer a start-to-finish plan that is targeted towards first-time buyers and provides comprehensive buy-side advisory services. Ad backs refer to expenses that are added back to the business's profits to make it appear more profitable than it actually is. or contract and need help with the due diligence process.

Business 130

Business Investment Profitability Acquisitions 130

Chesapeake Corporate Advisors

MAY 2, 2023

If representation & warranty insurance is available but the buyer instead requires an escrow to cover breaches of representation of warranties or a shortfall in net working capital delivered at closing, suddenly the deal could be worth less than you may have originally anticipated.

Business 52

Business Investment Banking Corporation Advisory 52

Cooley M&A

AUGUST 30, 2019

Teachers Insurance and Annuity Association of America (TIIA ) , TIAA acquired Nuveen, a mutual fund and advisory firm, from Windy City for $6.25 billion dollars, plus an earn-out based on Nuveen’s future profitability. In Windy City Investments Holdings, LLC v.

Valuation 40

Valuation Mergers Advisory Insurance 40

How2Exit

MARCH 30, 2023

This includes making sure that the business is properly insured and that all taxes and fees are paid on time. By minimizing perceived risk, entrepreneurs can increase their chances of success and ensure a profitable venture.

Business 130

Business Sale M&A Mergers and Acquisitions 130

M&A Leadership Council

JUNE 18, 2024

Risk Mitigation: Develop strategies to mitigate or manage each identified risk: Implement financial hedging and insurance solutions for financial risks. Enhance operational controls and processes to reduce operational risks. Formulate strategic initiatives to address market competition and regulatory changes.

Risk Assessment 52

Risk Assessment M&A Mergers and Acquisitions Risk Management 52

M&A Leadership Council

JUNE 18, 2024

Risk Mitigation: Develop strategies to mitigate or manage each identified risk: Implement financial hedging and insurance solutions for financial risks. Enhance operational controls and processes to reduce operational risks. Formulate strategic initiatives to address market competition and regulatory changes.

Risk Assessment 40

Risk Assessment M&A Mergers and Acquisitions Risk Management 40

Cooley M&A

JANUARY 22, 2021

Insurer Lemonade and pasture-raised egg brand Vital Farms each debuted from their respective 2020 IPOs as a “public benefit corporation” (PBC), which is a corporation that places dual consideration on its contributions to social good and the maximization of shareholder profits. 5] Lazard’s Shareholder Advisory Group.

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M&A IPO Mergers and Acquisitions Business 40

Devensoft

AUGUST 24, 2023

Financial Synergy : Financial synergy involves leveraging combined financial resources, such as capital, cash flow, or risk management capabilities, to achieve cost savings, maximize profitability, and enhance investment opportunities. Sharing risks across entities can lead to reduced insurance premiums and improved financial resilience.

Business 52

Business Collaboration Mergers and Acquisitions Management 52

Mergers and Inquisitions

MARCH 22, 2023

Insure the Deposits – But this is expensive and is available only up to a certain per-account limit in most countries, such as CHF 100,000 in Switzerland and $250,000 in the U.S. But that would have happened anyway because of the firm’s plans to spin off its IB group into Michael Klein’s advisory firm, M. Klein & Co.

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Bank Banking Government Investment Banking 98

GillAgency

FEBRUARY 10, 2022

Advisory Role The business sale process is extremely rewarding but equally excruciating. The process will have some of these steps Financial Due Diligence Buyer and his/her team will inspect a minimum of the last 3 years of financial statements, sales and profits by business line, product and service categories and customer segments.

Business 52

Business Sale Broker IT 52

Focus Investment Banking

MARCH 27, 2025

Selling a Repair Shop for Maximum Profit With Giorgio Andonian The tire and auto repair industry is experiencing a wave of consolidation as shop owners consider mergers, acquisitions, and succession planning. Theres a lot of Capital gains and tax advisory that needs to go into it. S Corp as an asset sale. And I think its so important.

Profitability 52

Profitability Private Equity IT Mergers and Acquisitions 52