"This return to a 'normal' number of deals is to be expected considering the surge in deals last year along with the fact that a lot of the agency owners contemplating whether or not to sell pulled the trigger on it in the last few years. The inventory has shrunk," Dan Menzer, partner at OPTIS, said in a release. (Credit: Feodora/Adobe Stock)
Through the first three quarters of 2022, there have been 627 insurance agency mergers and acquisitions, a 6% decline compared with the same period the year prior, according to OPTIS Partners.
When looking at deals only involving agencies in P&C, employee benefits and TPAs spaces, the year-on-year decline was 14%. On paper, the decline might appear that the market is slumping, but OPTIS noted the deal volume seen in Q3 2022 was the second-highest recorded total for the period and is 8% above the prior five-year average.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
