SoCal Progressive and Kemper BOB - Appointees Only 1286

Independent Orange County Insurance Broker purchased a book of business in 2023 that contained a high percentage of clients bound by Progressive. With the inability to be issued a new appointment, the Seller is doing what is best for the clients and offering the book to a verified Progressive-appointed agency. The well-established Progressive Book contains 455 policies. 21% of the book has had policies for more than a decade. Those clients have been policyholders for an average of 15.5 years. The combined commission for the trailing 12 months of 478 policies is $34,###-###-#### % of the business is motorcycle coverage. NDA is required to secure the comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners. Detailed Information Facilities: None. A buyer will have no lease obligations with this transaction. Competition: These policies will help an appointed agency grow and increase its market share. Growth & Expansion: Greater diversification and opportunities for adding new clients for cross-sales with Home and Auto insurance are always beneficial. Financing: None available Support & Training: To ensure a smooth transition and ongoing success the Seller will work with a buyer part-time for a month if needed or as negotiated. Reason for Selling: The Seller’s agency cannot secure its own carrier appointment to service these policies.