Insurance agency and brokerage organic revenue growth slowed to 4.6 percent for 2015, according to the latest Reagan Consulting Organic Growth and Profitability (OGP) survey. That was down from the organic growth of 6.2 percent seen each year from 2012-14.
The soft market and the oil bust are partly to blame for the slowdown, say the Reagan analysts.
Profit margins declined to 20.1 percent, a year after reaching record profitability in 2014. That median profitability, measured by EBITDA (earnings before interest, taxes, depreciation and amortization), was 21 percent in 2014, according to the survey.
