Despite challenging conditions, 75% of independent insurance agencies saw revenue gains from 2022 to 2023, according to the 2024 Agency Universe Study. That number is significantly higher than between 2020 and 2021, during which 62% of agencies experienced gains.
According to the biennial report’s findings, the average size of revenue gains in the 2024 study is 26% and is on par with the average gain of 27% r