SARATOGA INSURANCE BROKERS Revenue, Growth & Competitor Profile

Company Profile & Annual Report for Saratoga Insurance Brokers

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Saratoga Insurance Brokers Fast Facts

Revenue	$10 - $100 million    See Exact Annual Revenue
Employees	1 - 10Exact Company Size
Primary Industry	5242 Insurance Agencies & Brokerages
Address	532 Baltimore Boulevard Suite 306 Westminster, MD 21157

Note: Revenues for privately held companies are statistical evaluations.




Saratoga Insurance Brokers's Annual Report & Profile shows critical firmographic facts:

• What is the company's size? (Annual sales and employees)
• What industry is the company in?

Saratoga Insurance Brokers Annual Revenue and Growth Rate

Saratoga Insurance Brokers	Revenue Est. ($ Million)	Growth Rate (%)	# Employees
2023	Details in Premium Report
2022
2021
2020
2019

1-Year Growth Rate: 3-Year Growth Rate (CAGR):

Note: Saratoga Insurance Brokers's revenues are gauged from an analysis of company filings.

Saratoga Insurance Brokers's Income Statement (based on Industry Averages)

	$ Millions (Industry Average)
Saratoga Insurance Brokers Revenue (Sales)
Cost of Goods Sold
Gross Profit
Operating Expenses
Advertising
Salaries and wages
Other Operating Expenses
Total Operating Expenses
Operating Income
EBITDA
EBIT (Earnings Before Interest and Taxes)
Net Profit

Recession Risk

Determine whether Saratoga Insurance Brokers grew or shrank during the last recession. This is useful in estimating the financial strength and credit risk of the company. Compare how recession-proof Saratoga Insurance Brokers is relative to the industry overall. While a new recession may strike a particular industry, measuring the industry and company's robustness during the last recession estimates its ability to weather future recessions.

Market Share of Saratoga Insurance Brokers's Largest Competitors

A competitive analysis shows these companies are in the same general field as Saratoga Insurance Brokers, even though they may not compete head-to-head. These are the largest companies by revenue. However, they may not have the largest market share in this industry if they have diversified into other business lines. The "Competition" section of a business plan or investment memorandum would start by analyzing the information about these companies. Competitive advantage comes from offering better pricing or superior products/service.

Company	Headquarters	Revenue ($ MM)
SAGEWELL HEALTHCARE BENEFITS TRUST	Pittsburgh, PA	100
GOVERNMENT EMPLOYEES HEALTH ASSOCIATION	Lees Summit, MO	85
CIGNA GROUP	Bloomfield, CT	40
AMI BENEFIT PLAN ADMINISTRATORS	Youngstown, OH	18
SPECIAL AGENTS MUTUAL BENEFIT ASSOCIATION	Rockville, MD	16
PROGRESSIVE CASUALTY INSURANCE	Mayfield Village, OH	12
LOS ANGELES CITY EMPLOYEES ASSN.	Los Angeles, CA	10
AON CONSULTING	Lincolnshire, IL	9
LIBERTY MUTUAL INSURANCE	Boston, MA	8

Nearby Competitors

These companies are similar in business line and location to Saratoga Insurance Brokers. While some companies compete with neighboring businesses for customers, other companies may compete to attract skilled employees.

Company	Headquarters	Revenue ($ MM)
KELLY & ASSOCIATES INSURANCE GROUP	Sparks, MD	100
ASSOCIATED ADMINISTRATORS	Sparks, MD	31
CONSOLIDATED INSURANCE CENTER	Owings Mills, MD	11
ACNB INSURANCE SERVICES	Westminster, MD	10
LIGHT INDUSTRIES SERVICES	Millersville, MD	4
R&A INSURANCE	Monkton, MD	4

Future Competition: Saratoga Insurance Brokers's Fastest Growing Competitors

These companies are in the same general field as Saratoga Insurance Brokers and are rapidly expanding. Companies may grow organically or through acquisition. In some cases apparently high growth rates may be caused by data that weren't available in previous years.

Company	Revenue ($ MM)