Newport News, VA Allstate Agency with 5 state Binding Authority!
Allstate
Newport News Area
Description
This 3+ year ECP Allstate Agency will graduate in February as ECP Top Curve which should give a buyer the AAP compensation segment of Elite for the rest of 2025. The loss ratio below reflects the AUTO loss. In addition to the Allstate Earned Premium below, there is also $54,800 in Ivantage Premium. There are three staff members that make up this team. One Customer Service Manager, one Customer Service LSP, and one Licensed Sales Producer. All of which are remote. There is no lease to take over on this purchase. In addition, there is P&C Binding authority in Virginia, Maryland, Delaware, West Virginia, and North Carolina. Owner is retiring and ready to move into the next phase of life.
Financial Details
Price
$599,000
Premium
$3,467,238
Annual Revenue
$856,000
Expenses
$669,000
Policies In Force
1,669
Retention Ratio
74.24%
Loss Ratio
68.62%
Contact the Seller
Justin Slocum
Agencyforsale.com Consulting