Brightway Insurance is outpacing its competition in organic growth, according to new data from a consulting firm.
Reagan Consulting found that the average Q2 2017 organic growth rate of property and casualty insurance agencies and brokerages was 5%. Brightway Insurance agencies, however, experienced an average organic growth rate of 12% for the same period.
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“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,” said Michael Miller, Brightway Insurance co-founder and chairman. “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% of Brightway agency owners who have been with the company for five years or more earn more than $326,000 in average annual profit, according to Brightway.
“We measure our success by our agency owners’ success,” Miller said. “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 to support them in growing their business, and make business decisions based on this fundamental principle.”
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