Brightway Insurance celebrates 11 years in business

Brightway Insurance celebrates 11 years in business | Insurance Business

Brightway Insurance celebrates 11 years in business

Brightway Insurance is still growing as it celebrates its 11th anniversary. When brothers David and Michael Miller founded the company in 2008, they set a goal of reaching $10 million in annualized written premium within a decade. They surpassed that goal within a year. Now, with Brightway celebrating its 11th year in business, it has surpassed $610 million in annualized written premium.

“David and I set high goals and expectations when we first started Brightway, and we were determined to build a business that encouraged each of our stakeholders to reach their full potential,” said Michael Miller, co-founder and CEO. “In just 11 years, we’re proud to see the results have far exceeded our expectations, and we’re honored to be a part of the workforce behind Brightway’s continued success.”

Among the company’s achievements are:

  • Going from 38 franchised locations in one state in 2008 to 194 locations in 21 states today.
  • Growing from $36 million in annualized written premium in 2008 to more than $610 million today.
  • Going from 155 people in the Brightway system in 2008 to more than 900 today.

In January, Brightway introduced its new Independent Agent program, which gives personal lines insurance agents the opportunity to start selling in the Brightway system while qualifying for franchise ownership. The company was recognized as America’s number one franchise to buy by Forbes in 2015, and the number one insurance franchise to buy by Entrepreneur magazine in 2019. Brightway has also been named one of America’s fastest-growing private companies for nine consecutive years by Inc. 5000 and one of the best places to work for two consecutive years by the Jacksonville Business Journal.

“Brightway has been an amazing opportunity,” said Brightway franchise owner Michael Hatmaker. “It has allowed me to provide a quality of life for my family by offering my clients great values, which in turn help them provide for their families.”