Insurance Agencies & Brokerages Industry

NAICS: 5242

Insurance Agencies & Brokerages Market Share: Largest Companies in the Insurance Agencies & Brokerages Industry

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 (NYSE: PGR)	Mayfield Village, OH	12
LOS ANGELES CITY EMPLOYEES ASSN.	Los Angeles, CA	10
AON CONSULTING	Lincolnshire, IL	9
LIBERTY MUTUAL INSURANCE	Boston, MA	8
UNITED SERVICES AUTOMOBILE ASSOCIATION	San Antonio, TX	7
PILOT CATASTROPHE SERVICES	Mobile, AL	7
PROSERVICE XPRESS	Honolulu, HI	7
SEDGWICK CLAIMS MANAGEMENT SERVICES	Memphis, TN	5
SEQUOIA ONE PEO	Tempe, AZ	5
UNITE HERE	New York, NY	5
HARTFORD FINANCIAL SERVICES GROUP (NYSE: HGH)	Hartford, CT	4
FARMERS GROUP	Woodland Hills, CA	4
ARTHUR J. GALLAGHER	Itasca, IL	4
MARSH & MCLENNAN COMPANIES (NYSE: MMC)	New York, NY	4

This is a list of the largest companies active in the Insurance Agencies & Brokerages industry. This differs from market share in the following example: One business with revenues of $100 million generates 10% of its business from the Insurance Agencies & Brokerages industry. A second firm, with revenues of $20 million, generates all of its business from this industry. In our list, we show the businesses having revenues of $100 million and $20 million, respectively. However, the market share would compare the $10 million in industry-specific revenue to the $20 million: the second company has twice the market share even though it is "smaller" in size.

Growth: Fastest Growing Insurance Agencies & Brokerages Companies

A list of competitors in the Insurance Agencies & Brokerages industry that are rapidly expanding. Businesses may grow organically or through acquisition. Typically, small or midsized companies are in "growth" mode and can expand more rapidly. However, large businesses may have the strategy and financial capabilities to scale rapidly. Businesses that employ a "roll-up" strategy make multiple acquisitions of smaller businesses to form a single large corporation that controls a greater market share than its competitors and benefits from economies of scale.

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Small Business Financing

Small businesses that have received financing may expand soon. Financing may be required for capital-intensive investments, such as real estate or equipment purchases. Insurance Agencies & Brokerages businesses may use the financing to cover startup expenses or the costs of hiring new employees. Loans differ from equity investments in the level of risk that is expected: loans frequently have collateral either directly or implicitly through the business or the owners that ensure repayment. Equity investment has the possibility for much greater returns, but offers no guarantee the principle will be repaid. Convertible securities combine the two concepts, but is used by private-equity firms rather than main street startups.

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Venture Funding

These Insurance Agencies & Brokerages companies are actively raising capital from venture capital firms, private equity, or other investors. Businesses with venture funding generally have higher growth prospects, either through bringing new concepts to market, using innovative business practices, or savvy management.

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