2023 Q2

 

Allstate Agency Value Index- 2023 Q2

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Agency Sales Slow in Q2 of 2023

Allstate Agency Price to 12MM Earned Premium Ratio (National Average)
$0 to $2,000,000
$2,000,001 to $4,000,000
$4,000,001 and up
Simple Average
Low
High
Average Earned Premium
2000
0.199
0.236
0.235
0.202
0.117
0.262
$1,127,399
2001
0.213
0.199
0.208
0.209
0.133
0.311
$1,410,751
2002
0.196
0.199
0.209
0.197
0.119
0.255
$1,715,574
2003
0.189
0.219
0.24
0.199
0.147
0.254
$1,801,519
2004
0.238
0.231
0.236
0.236
0.157
0.393
$1,507,155
2005
0.266
0.228
0.34
0.259
0.175
0.398
$2,305,537
2006
0.289
0.284
0.317
0.298
0.188
0.402
$2,518,924
2007
0.278
0.287
0.339
0.292
0.121
0.456
$2,564,973
2008
0.248
0.289
0.326
0.271
0.145
0.406
$2,249,764
2009
0.231
0.26
0.285
0.247
0.082
0.397
$2,127,297
2010
0.224
0.255
0.289
0.24
0.106
0.353
$2,167,574
2011
0.222
0.243
0.237
0.231
0.12
0.366
$2,206,584
2012
0.213
0.244
0.24
0.229
0.127
0.336
$2,342,175
2013
0.226
0.246
0.288
0.247
0.107
0.349
$2,781,745
2014
0.244
0.263
0.273
0.264
0.107
0.352
$3,263,288
2015
0.208
0.26
0.298
0.251
0.126
0.431
$2,798,118
2016
0.224
0.259
0.288
0.258
0.081
0.378
$3,247,073
2017
0.232
0.25
0.278
0.253
0.118
0.362
$3,099,030
2018
0.226
0.256
0.299
0.261
0.135
0.365
$3,202,644
2019
0.216
0.252
0.274
0.253
0.140
0.358
$3,638,959
2020
0.168
0.226
0.249
0.233
0.100
0.322
$4,102,072
2021
0.145
0.220
0.236
0.223
0.100
0.322
$4,264,462
2022
.192
.213
.228
.210
.130
.293
$3,331,831
2023 1st QTR
.180
.182
.214
.190
.134
.261
$3,750,894
2023 2nd QTR
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Use the arrows to see agency values over time.

PPC LOAN has taken great pride in being the go-to source for Allstate Agency financing. Since 2001, we have financed over $1.2 billion in loans for over 2,000 Allstate Agents.

With the creation of the Allstate Agency Value Index in 2008, PPC LOAN was able to bring parity to the M&A market of Allstate agencies. As the only source of publicly available sales multiples for the industry, PPC LOAN provided the framework for fairer deals to be had, benefiting both buyers and sellers alike.

PPC LOAN has also taken great pride in ensuring the authenticity of the numbers and the statistical relevancy of the data we produce.

Unfortunately, with fewer merger transactions occurring and only a handful of outside buyer transactions being financed by PPC LOAN in Q2, we do not have enough sales data to confidently release the Allstate Agency Value Index for this quarter.

I can tell you that we fully expect to have a Q3 release, as the number of transactions (both mergers and outside buyers) already slated to close July 1, August 1 and September 1 is very healthy and in line with historical fundings for PPC LOAN.