Agent and broker M&A deals down 6% in 2024: Report
- October 24, 2025
- Posted by: Web workers
- Category: Finance
Mergers and acquisitions among insurance agents and brokers fell by 6% in 2024, according to a report released Wednesday by M&A consultancy Sica Fletcher LLC.
The 22 most active buyers tracked by the Amityville, New York-based company completed 533 M&A deals last year.
The decline was even more significant in the fourth quarter, when the group acquired 146 agents and brokers, marking an 11% decrease from the prior-year period.
The average annual revenue of the agencies acquired overall fell 26% in 2024 to $1.6 billion.
Smaller deals — less than $1 million in earnings before interest, taxes, depreciation and amortization — dominated, with the average revenue per agency acquired dropping 21% to $3.06 million.
BroadStreet Partners Inc. was the most active buyer with 85 deals last year, followed by Hub International Ltd. with 62, and Inszone Insurance Services with 48, the report said.
