Allstate Agency in New Orleans, Louisiana

Allstate New Orleans, Louisiana Area

About This Agency

Established insurance agency for sale in the New Orleans, LA area with a total premium of $3,418,467, which consists of $1,500,000 in Allstate premium and $1,918,467 in Citizens at 10% renewal. This seven-year-old book consists of 1,319 policies in force (Allstate & Citizens) and generates $370,000 in revenue, including all commissions. The agency maintains a strong 88.90% retention rate with a 50.70% auto loss ratio. The new owner will need to secure a new office location and add staff. This is a great opportunity to acquire a well-established book with a strong premium base and solid customer retention.

Financial Overview

Price
$550,000
Premium
$3,418,467
Annual Revenue
$370,000
Expenses
$108,600
Policies In Force
1,319
Retention Ratio
88.90%
Loss Ratio
50.70%

Contact the Seller

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Justin Slocum

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