Independent Nationwide Book of Biz 400+ Personal Lines PIF’s 1411

This well-established insurance agency, operating since 1956, is offering its Nationwide Insurance book of business and Nationwide / CEA Companion Earthquake policies for sale. Nationwide is a highly desirable “Preferred” book of business. This book is built with loyal clients and has a low loss ratio, resulting in an agent's profit-sharing bonus. This is a highly sought-after portfolio with over two decades of consistent performance. Clients are located mostly in Southern California (Los Angeles & Orange County). The balance is located throughout the State of California. This is a portable book of business. Client contact is performed via phone & email. There are no walk-in clients. Buyer Qualifications: Potential Buyers must have a direct CA appointment with Nationwide to be considered. This portable and seasoned book of business represents an exceptional opportunity for agency expansion in a challenging market. The Seller has been focusing on commercial lines products since the new business, Personal Lines, “paused” with Nationwide. The Year-Over-Year Revenue increased 15% due to insurance company rate increases. Clients have continued to pay the higher renewal premiums. Natural attrition does occur as some clients seek other cost savings alternatives. The retention rate has hovered at 90% for the past five years. This, coupled with the low loss ratio, makes for a healthy profit-sharing bonus. NDA is required to secure the comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners. Detailed Information Facilities: None Competition: Insurance is competitive. Nationwide is a trusted and well-respected carrier known for excellent coverage and fair claims practices. Growth & Expansion: Ensure a knowledgeable, service-oriented CSR works with policyholders on renewals or any other issues they may have throughout the year. Also, little effort has been made to cross-sell clients on any other policy-building or advertising opportunities. Although the Seller has not done so consistently over the past few years, the potential exists. Financing: Not available Support & Training: To ensure a smooth transition and ongoing success, the Seller will work with the Buyer for up to three months. Reason for Selling: The Seller is shifting the agency’s focus to commercial lines. This book of business would blend well with an established nationwide agency.