IncFact
Company Profiles: Revenue, Growth, Competition

Insurance Agencies & Brokerages Industry

NAICS: 5242

Contents

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

Company HeadquartersRevenue ($ MM)
AEU HOLDINGSDallas, TX100 
GOVERNMENT EMPLOYEES HEALTH ASSOCIATIONLees Summit, MO39 
SAGEWELL HEALTHCARE BENEFITS TRUSTPittsburgh, PA16 
AUTOMOTIVE BENEFIT ASSOCIATIONAustin, TX12 
PROGRESSIVE CASUALTY INSURANCE (NYSE: PGR)Mayfield Village, OH3 
CIGNA (NYSE: CI)Bloomfield, CT3 
UNITED SERVICES AUTOMOBILE ASSOCIATIONSan Antonio, TX3 
LOS ANGELES CITY EMPLOYEES ASSN.Los Angeles, CA2 
LIBERTY MUTUAL INSURANCEBoston, MA2 
CINCINNATI FINANACIAL (NASDAQ: CINF)Fairfield, OH2 
BD OF TRUSTEE-AMALGAMATED NATIONAL HEALTH FUNDWhite Plains, NY2 
UNITE HERENew York, NY2 


See exact company revenues in this list


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.


.Additional Companies Operating in the Insurance Agencies & Brokerages Industry

Company HeadquartersRevenue ($ MM)
UNITED HEALTHCARE SERVICES (NYSE: UNH)Minnetonka, MN100 
HUMANA (NYSE: HUM)Louisville, KY23 
NATIONWIDE MUTUAL INSURANCEColumbus, OH15 
SPECIAL AGENTS MUTUAL BENEFIT ASSOCIATIONRockville, MD11 
AMERIHEALTH CARITAS SERVICESPhiladelphia, PA7 
TRUIST FINANCIAL (NYSE: BBT)Charlotte, NC7 
PRINCIPAL LIFE INSURANCE (NYSE: PFG)Des Moines, IA6 
TRANSAMERICACedar Rapids, IA4 




.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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