Brightway Insurance hits $700m milestone

Brightway Insurance hits $700m milestone | Insurance Business America

Brightway Insurance hits $700m milestone

When brothers David and Michael Miller founded Brightway Insurance in 2008, their goal was to reach $10 million in annualized written premium within 10 years. They surpassed that goal within a year. Now, just after Brightway’s 12th anniversary, the company has crossed the $700 million threshold.

“David and I are ecstatic to have built a business that helps everyone associated with it achieve their potential,” said Michael Miller, president and CEO of Brightway. “We attribute our success to our cultural and financial alignment and the holistic business platform we have built that empowers entrepreneurs to launch growing, profitable enterprises.”

Since 2008, the company has grown from 38 franchised locations in one state to 230 in 22 states today. In 2008, there were 155 people in the Brightway system. Today, there are more than 900. Brightway just celebrated its first agency to exceed $30 million in written premium, and one out of every four agencies has a book of business in excess of $5 million.

Entrepreneur has named Brightway to its Franchise 500 list seven times, and the Jacksonville Business Journal has listed it as one of the fastest-growing companies in Northeast Florida every year for the last dozen years. In July, Franchise Business Review named Brightway one of its “50 Best Recession-Proof Businesses to Start in 2020.”