JACKSONVILLE, Fla., Nov. 21, 2017 (GLOBE NEWSWIRE) -- In a report published in August 2017, Reagan Consulting, an insurance agency management consulting and merger-and-acquisition advisory firm, reported that the second quarter 2017 organic growth rate of property/casualty insurance agencies and brokerages rose to 5 percent.
Brightway Insurance agencies, on the other hand, experienced an average organic growth rate of 12 percent for the same period, outpacing peers nearly three-to-one for the second consecutive quarter.
“Brightway Agency Owners aren’t just outselling the competition; they’re making more than three times the income of others who are self-employed in other businesses. And, top performers earn six times more,” said Brightway Insurance Co-Founder and Chairman Michael Miller. “Just like with a recipe, we have built, tested and improved upon our model to provide a system of support that fosters success and growth in our agencies.”
The top 25 percent of Agency Owners who have been with Brightway five years or more earn more than $326,000 in profit per year on average.
“We measure our success by our Agency Owners’ success,” Miller added. “We only win when our business partners are as successful as they can be while leveraging the system, so we do everything we can do support them in growing their business, and make business decisions based on this fundamental principle.”
People wishing to learn more about opening a Brightway Agency should visit BrightwayDifference.com.
About Brightway Insurance
Brightway Insurance is a national property/casualty insurance retailer selling through a network of franchised independent stores throughout the country. With more than $491 million in annualized written premium, the company is one of the largest property and casualty agencies in the United States.
Brightway began franchising operations in 2008 and has since grown to more than 700 people in 17 states serving customers in all 50 states. Forbes has recognized the company as America’s No. 1 Franchise to Buy. Additionally, the company was named a top franchise three years in a row by Entrepreneur magazine and one of the fastest-growing private companies in America nine consecutive years by Inc. 5000. People wishing to learn more about franchise ownership with Brightway may visit BrightwayDifference.com and find us on LinkedIn. Consumers seeking a better insurance buying experience may visit Brightway.com and find us on Facebook.
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Attachments:
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/4484ed5d-ad30-4964-befc-192f246cdb76