Agent, broker organic growth reaches 5.9% in Q2 2015 [Survey]

The second quarter of 2015 saw continued strong organic growth that boosted profitability to 24.6%.

By Rosalie L. Donlon | Updated on August 10, 2015

In a positive sign for the insurance industry, independent agents and brokers posted median organic growth of 5.9 % for the second quarter of 2015, slightly higher than the 5.8% recorded in the first quarter of 2015 and second quarter of 2014, as measured by the Reagan Consulting Organic Growth and Profitability (OGP) quarterly survey.

“Industry organic growth has now been in a relatively tight band of 5% to 7% for 14 consecutive quarters,” commented Kevin Stipe, president of Reagan Consulting, a management consulting and merger-and-acquisition advisory firm for the insurance distribution system. “Times are good for insurance brokers.”

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