The 22 acquirers that make up the Sica Fletcher Index have been concerned in 533 agent-broker offers in 2024, down 6% from 2023.
Members accomplished 146 acquisitions throughout the fourth quarter 2024. This was 11% lower than a yr in the past.
Whole agency-broker income acquired in 2024 was $1.6 billion, a 26% decreased in comparison with 2023. The typical company measurement in income was about $3.1 million — about 21% decrease than in 2023.
Sica Fletcher, an insurance coverage industry-focused advisory agency, mentioned the yr’s remaining tally displays “a recalibration out there as consumers prioritize smaller, strategic acquisitions and reassess valuations amid evolving monetary circumstances,” as the quantity of sub-$1 million offers in 2024 “continues to outweigh the quantity of bigger offers.”
The agency mentioned its Agency & Broker Buyer Index captured 65% of all 2024 agent-broker deal exercise, which is down from the same old 70%. The drop signifies extra exercise by newer market entrants.
Personal equity-backed BroadStreet Companions led the SF index with 85 offers in 2024. That’s 24 extra offers than final yr. Hub Worldwide and Inszone Insurance coverage have been subsequent with 62 and 48 offers, respectively.
Personal fairness made greater than 88% of SF Index transactions in 2024. Gallagher led public corporations with 45 offers in 2024.
Subjects
Mergers & Acquisitions
Trends
Profit Loss
Agencies
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