BSAC
2nd
Banco Santander Chile
$418.48Bn
33.31
-0.77%
+25.70%
The bank operates an insurance brokerage business within its Wealth Management segment, offering personal and corporate protection products and earning commissions as an intermediary.
MRSH
Marsh & Mclennan Companies
$81.59Bn
170.70
+0.17%
-15.30%
The company's largest revenue driver is its Risk and Insurance Services segment, specifically Marsh Risk and Guy Carpenter, which act as intermediaries providing insurance and reinsurance broking. They earn revenue through brokerage commissions paid by insurers and reinsurers for placing policies and treaty/facultative reinsurance.
NU
2nd
Nu Holdings
$61.19Bn
12.66
+2.43%
-20.92%
The company has a dedicated Insurance Brokerage segment that earns commissions from distributing Life and Property & Casualty insurance policies through partnerships with carriers like Chubb.
AON
Aon
$58.71Bn
276.78
+0.32%
-22.38%
Aon operates as a leading global insurance broker, earning revenue from commissions and fees for placement services from insurance and reinsurance carriers. Its Commercial Risk Solutions and Reinsurance Solutions segments focus on brokerage and consulting to help clients manage risk transfer.
AJG
Arthur J. Gallagher
$58.49Bn
228.22
+0.19%
-26.32%
The company operates a massive brokerage segment providing insurance and reinsurance brokerage services to commercial, nonprofit, and public sector entities. It generates revenue primarily through commissions and fees for placing various lines of insurance, such as aviation, general liability, and cyber liability, without underwriting the risk itself.
BSBR
2nd
Banco Santander (Brasil)
$41.61Bn
5.57
-1.94%
-0.36%
The company generates revenue from insurance brokerage, with its insurance business generating R$17.1 billion in premiums in 2025.
PAYX
2nd
Paychex
$35.07Bn
98.50
-0.82%
-22.29%
The company operates an insurance brokerage business, providing insurance solutions and brokerage services to its clients as a substantive revenue stream.
WTW
Willis Towers Watson
$26.77Bn
288.23
-0.12%
-16.56%
The company operates a 'Risk & Broking' segment that provides insurance brokerage and risk advice to clients ranging from small businesses to multinational corporations. It generates revenue through commissions and fees for placing insurance and managing risk, acting as an intermediary between buyers and carriers.
CINF
2nd
Cincinnati Financial
$24.46Bn
159.37
-1.09%
+0.80%
The company owns CSU Producer Resources, which provides insurance brokerage services as a noninsurance subsidiary.
PHM
2nd
Pultegroup
$21.75Bn
116.04
-2.10%
-12.18%
The company earns insurance agency revenue through commissions on home, auto, and other personal policies placed with third-party carriers.
BCH
2nd
Bank Of Chile
$20.22Bn
40.03
-0.65%
+32.11%
The bank operates an insurance brokerage business through its subsidiary Banchile Corredores de Seguros, earning premiums by acting as an intermediary.
BRO
Brown & Brown
$20.10Bn
60.91
+0.51%
-35.06%
Brown & Brown primarily acts as an agent or broker, generating the majority of its revenue through commissions and fees earned from placing insurance policies for commercial, public, and individual clients. The profile explicitly states that the company primarily markets and sells insurance products and does not assume underwriting risk in its core brokerage activities.
PNFP
2nd
Pinnacle Financial Partners
$14.14Bn
93.64
+0.17%
-0.16%
The company operates insurance agency subsidiaries, such as Miller Loughry Beach Insurance Services and HPB Insurance Group, which earn commissions by placing insurance products.
XP
2nd
Xp
$10.92Bn
21.00
+3.60%
+11.76%
XP Seguros acts as an insurance broker, offering retirement plans and life insurance products from third-party providers to retail clients through the XP platform.
ERIE
Erie Indemnity
$10.12Bn
219.15
-1.47%
-31.12%
Erie Indemnity acts as an intermediary and administrative manager for the Erie Insurance Exchange, providing policy issuance, renewal services, and agent compensation. It does not underwrite risk itself but earns management fees and cost reimbursements for managing the insurance operations, which aligns with the role of an insurance broker/administrator that does not take risk.
XHG
XChange TEC.INC
$9.80Bn
1.91
-3.05%
+54.03%
XChange TEC. INC acts as an intermediary that facilitates the sale of insurance policies from 24 insurance companies to end consumers. It generates revenue primarily through commissions received from these insurance companies and explicitly does not underwrite risk itself.
CFR
2nd
Cullen
$9.49Bn
152.66
-1.04%
+20.42%
Frost Insurance Agency acts as an intermediary providing property, casualty, life, and disability insurance to businesses and individuals without underwriting the risk itself.
RYAN
Ryan Specialty Holdings
$9.45Bn
36.97
-2.38%
-34.40%
Ryan Specialty Holdings operates as a wholesale insurance intermediary, primarily through its Wholesale Brokerage segment which generated 53.4% of its net commission and fees. It acts as an intermediary between retail insurance brokers and insurance carriers to place complex property and casualty risks without underwriting the risk itself.
PRI
2nd
Primerica
$8.42Bn
272.53
-1.31%
-1.82%
Primerica operates a network of over 151,000 independent sales representatives who act as intermediaries to distribute insurance and investment products from third-party partners.
YMM
2nd
Full Truck Alliance
$7.73Bn
8.27
+0.00%
-36.24%
The company operates an insurance brokerage business that earns commissions from partner insurers by providing insurance services to its user base.
KNSL
2nd
Kinsale Capital
$7.35Bn
322.83
-0.13%
-24.09%
The company owns and operates a wholly owned broker subsidiary, Aspera Insurance Services Inc., which facilitates the placement of insurance policies.
FNB
2nd
Fnb
$6.08Bn
17.22
-0.58%
+6.89%
The company operates insurance agency services and earns revenue through insurance commissions, acting as an intermediary rather than an underwriter.
HOMB
2nd
Home Bancshares
$5.65Bn
28.19
-0.77%
-0.39%
The company earns revenue from insurance agency commissions, acting as an intermediary that places insurance policies for its customers.
AGBK
2nd
Agi
$4.89Bn
5.77
+1.58%
—
AGI Inc explicitly earns fee income from insurance brokerage services provided to its customer base.
WTM
2nd
White Mountains Insurance
$4.79Bn
2,006.48
-0.89%
+20.04%
The Distinguished segment operates as a full-service MGA and program administrator for specialty P&C insurance, earning commissions based on the volume and profitability of the insurance it places.
HGTY
Hagerty
$4.61Bn
13.44
-0.88%
+11.63%
Hagerty operates as a Managing General Agent (MGA), earning commission and fee revenue by underwriting, selling, and servicing insurance policies on behalf of carrier partners like State Farm and Aviva Canada. It acts as an intermediary that places coverage for collector car owners without being the primary risk-bearing carrier for the majority of its business.
FFIN
2nd
First Financial Bankshares
$4.55Bn
31.74
+0.03%
-5.68%
The company earns commissions from insurance products provided via its subsidiaries, acting as an intermediary for insurance services.
BWIN
Baldwin Insurance
$4.43Bn
31.79
+0.03%
+12.69%
Baldwin is an independent insurance distribution firm that earns commissions by acting as an intermediary between clients and insurance company partners. It provides risk management and employee benefits advisory services, representing over three million clients across commercial and personal lines.
PAGS
2nd
PagSeguro Digital
$4.37Bn
8.91
+1.25%
-10.90%
The company earns commissions from the distribution of insurance and investment products to its users, acting as an intermediary rather than the primary underwriter.
FULT
2nd
Fulton Financial
$4.31Bn
22.56
-0.40%
+21.10%
The profile explicitly mentions that the company earns revenue from insurance commissions, indicating it acts as an intermediary placing insurance for its clients.
FBP
2nd
First Bancorp
$4.02Bn
26.33
-0.08%
+19.41%
Through its subsidiary FirstBank Insurance Agency Inc, the company earns fee income from insurance agency commissions by acting as an intermediary for insurance products.
UCB
2nd
United Community Banks
$3.99Bn
33.35
-0.77%
+6.38%
The company generates fee-based revenue from insurance premiums by offering property, casualty, life, and annuity products to its banking customers.
CATY
2nd
Cathay General Bancorp
$3.98Bn
59.50
-0.60%
+23.93%
The company generates revenue from the sale of insurance products, acting as an intermediary between insurance carriers and its clients.
NP
Neptune Insurance Holdings
$3.77Bn
27.36
-1.30%
+10.32%
Neptune operates as a managing general agent (MGA) that issues and administers policies on behalf of insurance and reinsurance partners without retaining underwriting risk. It earns revenue through commission sharing with capacity providers and fees from policyholders, acting as an intermediary that distributes products through a network of independent agents and brokers.
WSBC
2nd
Wesbanco
$3.59Bn
37.42
-0.82%
+17.19%
The company sells insurance products and earns revenue from insurance premiums and insurance sales as part of its diversified financial services suite.
BANF
2nd
Bancfirst
$3.54Bn
105.28
-1.01%
-16.74%
The company operates BancFirst Insurance Services Inc, which generates commissions by offering business and personal insurance, employee benefits, and surety bonds to customers.
INTR
2nd
Inter
$3.45Bn
5.34
+4.09%
-42.15%
The Insurance Brokerage vertical acts as an intermediary, distributing 26 different types of insurance products from partners like Yelum Seguros and HDI Seguros.
SFNC
2nd
Simmons First National
$3.26Bn
22.58
+0.27%
+17.79%
The company generates noninterest income through insurance agency commissions, acting as an intermediary for insurance products.
CBU
2nd
Community Financial System
$3.13Bn
59.52
-0.60%
+1.50%
The Insurance Services segment, conducted via OneGroup, acts as an agency offering personal and commercial lines of insurance from various carriers and earns commissions and fees.
SBCF
2nd
Seacoast Banking Corp Of Florida
$3.08Bn
31.83
-1.67%
+4.60%
The company operates an insurance agency through its wholly owned subsidiary Nature Coast Insurance Inc. and earns insurance agency commissions.
CBZ
2nd
Cbiz
$2.97Bn
54.69
-0.04%
+3.27%
Within its Benefits and Insurance Services segment, the company operates as a property and casualty insurance brokerage and program and specialty insurance brokerage, acting as an intermediary for clients.
PFS
2nd
Provident Financial Services
$2.89Bn
22.14
-0.36%
+14.83%
The company earns commissions from insurance brokerage services provided by its subsidiary, Provident Protection Plus, Inc.
NBTB
2nd
Nbt Bancorp
$2.61Bn
50.16
-0.12%
+20.11%
The company earns insurance commissions through its banking segment and non-bank subsidiaries that offer insurance services to its customers.
WAFD
2nd
Wafd
$2.21Bn
29.93
-1.19%
-1.19%
Through its subsidiary WaFd Insurance Group, Inc., the company operates as an insurance agency offering a full line of individual and business insurance policies to customers.
OFG
2nd
Ofg Bancorp
$2.12Bn
50.08
-0.83%
+15.15%
The company operates Oriental Insurance, which acts as an insurance agency and earns commissions from insurance sales.
FCF
2nd
First Commonwealth Financial
$2.04Bn
20.22
-0.49%
+18.59%
Through its subsidiary, First Commonwealth Insurance Agency, Inc., the company sells a variety of insurance products to individuals and businesses and earns insurance commissions.
SRCE
2nd
1St Source
$2.03Bn
84.50
-0.48%
+37.26%
1st Source Insurance, Inc. operates thirteen offices that place property and casualty, health, and life insurance, earning commissions as an intermediary rather than underwriting the risk itself.
DCOM
2nd
Dime Commercial Bancshares
$1.74Bn
39.39
-0.20%
+32.05%
Through its subsidiary Dime Abstract LLC, the company provides title insurance brokerage services, earning commissions by serving real estate attorneys and title agents.
CCS
2nd
Century Communities
$1.71Bn
60.22
-0.53%
-4.97%
The company operates an insurance brokerage business for homebuyers through IHL Home Insurance Agency, LLC.
BFC
2nd
Bank First
$1.65Bn
148.81
-0.63%
+22.67%
The company earns commissions from insurance activities through its ownership interest in Ansay & Associates LLC, acting as an intermediary for insurance products.
GSHD
Goosehead Insurance
$1.61Bn
45.36
+3.11%
-39.05%
Goosehead Insurance operates as an independent insurance agency that places personal lines policies with over 200 carrier partners. It earns revenue through commissions and fees from these carriers and clients, but it does not underwrite the risk itself.
OBK
2nd
Origin Bancorp
$1.61Bn
52.19
-1.10%
+51.19%
Through its subsidiary Forth Insurance, LLC, the company operates as an insurance agency that earns commission and fee income from property and casualty policies without underwriting the risk itself.
CTBI
2nd
Community Trust Bancorp
$1.35Bn
74.22
-0.38%
+32.65%
The company provides insurance services through its subsidiaries, acting as an intermediary rather than an underwriter.
PEBO
2nd
Peoples Bancorp
$1.32Bn
36.59
-5.87%
+22.01%
Through its subsidiary Peoples Insurance Agency, the company earns fee-based revenue from insurance commissions acting as an agency brokerage.
FMBH
2nd
First Mid Bancshares
$1.30Bn
48.74
-0.29%
+28.67%
The company operates First Mid Insurance Group, Inc., which acts as an insurance brokerage placing property and casualty, senior, and group medical insurance with various carriers for its clients.
TWFG
Twfg
$1.30Bn
24.01
-0.66%
-12.50%
TWFG operates as an independent distribution platform that earns commissions by placing insurance policies between carriers and clients. It does not underwrite risk itself, but instead acts as an intermediary through its network of over three thousand independent agencies.
UVE
2nd
Universal Insurance Holdings
$1.17Bn
42.12
-0.38%
+60.15%
The company provides value-added insurance services through its digital agency, Clovered, and earns fee income from providing agency services to insurance entities and third parties.
CLBK
2nd
Columbia Financial
$1.15Bn
11.06
+1.65%
+62.17%
The company operates Columbia Insurance Services, which earns revenue from insurance agency premiums by acting as an intermediary for property and casualty insurance.
CLBK
2nd
Columbia Financial
$1.15Bn
11.06
+1.65%
+62.17%
Columbia Insurance Services offers personal and commercial insurance policies and generates revenue through insurance commissions, acting as an intermediary rather than an underwriter.
UVSP
2nd
Univest Financial
$1.13Bn
40.98
-0.61%
+36.51%
The insurance segment, operated via Univest Insurance LLC, earns commissions by delivering property and casualty insurance and employee benefit plans, acting as an intermediary rather than an underwriter.
TRUP
2nd
Trupanion
$1.02Bn
23.36
-1.06%
-46.03%
In select European countries, the company earns revenue from commissions paid by third-party underwriters who sell Trupanion branded policies, acting as an intermediary rather than the risk-bearer in those specific markets.
CCNE
2nd
Cnb Financial
$985.78Mn
33.28
-0.54%
+37.52%
The corporation owns an insurance agency subsidiary that earns revenue through insurance agency premiums.
HBNC
2nd
Horizon Bancorp
$966.82Mn
18.83
-0.16%
+17.61%
Through its subsidiary Horizon Insurance, the company distributes life insurance products and earns commissions from these sales.
MPB
2nd
Mid Penn Bancorp
$896.35Mn
35.40
-0.98%
+23.60%
The company operates an insurance segment through MPB Risk Services, LLC, Commonwealth Benefits Group, and Charis Insurance Group, which act as licensed insurance producers earning commissions and fees.
FCBC
2nd
First Community Bankshares
$888.23Mn
46.99
-0.59%
+35.03%
The company earns commissions through a strategic partnership with Bankers Insurance, LLC to place commercial and personal insurance products, acting as an intermediary rather than underwriting the risk itself.
MHLA
2nd
Maiden Holdings
$866.24Mn
8.69
-1.92%
-42.45%
Maiden Global Holdings Ltd. operates as a licensed intermediary in the United Kingdom, providing branded auto and credit life insurance products through insurer partners, which is the role of an insurance broker.
WRLD
2nd
World Acceptance
$795.64Mn
170.78
-1.00%
+0.97%
The company acts as an agent for unaffiliated insurance companies to market and sell credit life, accident, and health insurance, earning commissions on these policies.
SMBC
2nd
Southern Missouri Bancorp
$780.84Mn
70.90
-0.07%
+34.89%
The company earns revenue from insurance commissions, indicating it acts as an intermediary for insurance products.
CNNE
2nd
Cannae Holdings
$665.25Mn
15.34
-1.29%
-16.22%
The company owns AmeriLife, which is described as a national distributor of insurance and retirement products, acting as an intermediary rather than an underwriter.
ACNB
2nd
Acnb
$633.59Mn
62.30
-0.81%
+41.46%
The company operates ACNB Insurance Services, a full-service insurance agency that earns commissions and fees by selling property, casualty, life, and disability policies to clients.
AROW
2nd
Arrow Financial
$609.69Mn
36.85
-1.23%
+30.21%
The company indirectly controls an insurance agency subsidiary that generates revenue through commissions from selling insurance products to individual consumers.
NRDS
2nd
Nerdwallet
$560.86Mn
8.78
+2.81%
-18.40%
The company operates an insurance agency and loan/mortgage brokerages through its Financial Services segment, acting as an intermediary between buyers and carriers/lenders.
CIVB
2nd
Civista Bancshares
$548.55Mn
26.38
-0.64%
+29.89%
The company earns commission income through First Citizens Insurance Agency, which acts as an intermediary by handling third-party insurance agreements.
NOAH
2nd
Noah Holdings
$530.38Mn
7.91
+1.15%
-31.75%
The company earns commissions through insurance referrals and brokerage activities via Glory and Glory Family Heritage, which hold insurance brokerage licenses.
CWH
2nd
Camping World Holdings
$517.50Mn
5.01
-1.96%
-68.27%
Through its Good Sam Services and Plans segment, the company earns commissions from underwriters for protection plans and facilitates property and casualty insurance for its customers.
COFS
2nd
Choiceone Financial Services
$483.05Mn
32.31
-1.43%
+11.57%
The company owns ChoiceOne Insurance Agencies Inc, an independent insurance agency that generates revenue through insurance commissions.
FMAO
2nd
Farmers & Merchants Bancorp
$477.04Mn
34.62
-0.26%
+38.42%
The company offers insurance products through its wholly owned subsidiary, F&M Insurance Agency LLC, and earns commissions from the sale of these products.
CZNC
2nd
Citizens & Northern
$448.91Mn
25.02
-1.03%
+26.30%
Citizens & Northern Financial Services, LLC operates as an insurance agency providing insurance products to individuals and businesses and distributes mutual funds and annuities via registered agents for commission income.
PBFS
2nd
Pioneer Bancorp
$441.19Mn
17.76
-0.50%
+35.99%
Pioneer Insurance Agency, Inc. acts as an intermediary selling personal and commercial insurance products from major national insurance companies.
ACIC
2nd
American Coastal Insurance
$427.34Mn
9.04
-2.16%
-20.63%
The company earns commission income on non-risk offerings, such as equipment breakdown, identity theft, and flood policies, where it acts as an agent and transfers the risk to other providers.
CBAN
2nd
Colony Bankcorp
$426.76Mn
20.17
-1.08%
+18.58%
The company generates fee-based income through an insurance agency acquired through The Ellerbee Agency, acting as an intermediary for insurance products.
CHMG
2nd
Chemung Financial
$389.86Mn
80.86
-0.59%
+53.96%
Through its CFS subsidiary, the company sells insurance products and brokerage services, generating commission-based revenue as an intermediary.
CZFS
2nd
Citizens Financial Services
$378.10Mn
78.61
-1.81%
+30.41%
The company operates an insurance agency that sells life, health, and annuity products to its customers, earning revenue through insurance commissions.
WDH
Waterdrop
$368.10Mn
1.02
+0.00%
-46.03%
Waterdrop operates an insurance marketplace connecting consumers with health and life insurance products from over 100 carriers, earning revenue primarily from commissions on policies sold. It acts as an intermediary between buyers and carriers without underwriting the risk itself.
GBLI
2nd
Global Indemnity
$350.27Mn
24.50
+0.86%
-15.66%
Through its subsidiary Katalyx Holdings LLC, the company operates as a specialty insurance intermediary and manages four agencies that distribute specialty property and casualty insurance products.
BRBS
2nd
Blue Ridge Bankshares
$345.17Mn
3.85
-0.26%
-8.98%
The company provides property and casualty insurance to individuals and businesses via a minority interest in Hammond Insurance Agency, which acts as an intermediary broker.
NEWT
2nd
NewtekOne
$321.65Mn
11.13
-0.80%
-2.79%
Newtek Insurance Agency, LLC operates as a licensed retail and wholesale insurance brokerage in all 50 states, specializing in commercial, health/benefits, and personal lines.
FDBC
2nd
Fidelity D & D Bancorp
$315.46Mn
54.31
-1.38%
+23.91%
The company offers insurance solutions to its customers, acting as a provider of insurance products as part of its diversified financial services suite.
KWY
2nd
Kingsway
$272.52Mn
9.53
+3.70%
-34.82%
The Extended Warranty segment acts as administrators or agents for warranty products underwritten by third-party insurance companies, effectively serving as intermediaries between the insurance carriers and the end customers.
NKSH
2nd
National Bankshares
$266.99Mn
41.91
-0.80%
+42.36%
Through National Bankshares Financial Services, Inc., the company sells insurance policies by partnering with Bearing Insurance Group, LLC, acting as an intermediary rather than underwriting the risk itself.
MAAS
Maase
$259.73Mn
16.34
+1.36%
+368.19%
Maase Inc.'s largest revenue contributor (93.1%) is its Insurance Agency Services segment, which acts as a third-party distributor of life and non-life insurance products. The company earns revenue through commissions and performance-based bonuses from insurance companies rather than underwriting the risk itself.
KINS
2nd
Kingstone Companies
$254.46Mn
17.58
-1.62%
+19.59%
The company operates a general agency segment through Cosi Agency, Inc., which acts as an intermediary by placing policies with insurance carriers on behalf of producers and earning commission revenue.
TROO
2nd
Troops
$213.78Mn
1.75
+4.79%
+35.66%
Through Riches Finance Group Limited, the company provides consultancy and marketing training for insurance products, acting as a support and referral service for the insurance industry.
BETR
2nd
Better Home & Finance Holding
$208.80Mn
11.00
+7.53%
-80.41%
Through its Better Plus segment, the company acts as an agent or referral source, earning fees from third-party providers for referring customers to homeowners insurance policies and title insurance settlement services.
OVBC
2nd
Ohio Valley Banc
$208.18Mn
44.19
-0.76%
+19.50%
The company operates an insurance agency subsidiary, Ohio Valley Financial Services Agency, LLC, which earns commissions on insurance sold to customers.
OSG
2nd
Octave Specialty
$186.37Mn
4.14
+0.73%
-50.36%
The company has a dedicated Insurance Distribution segment comprising a portfolio of managing general agents and underwriters, such as Xchange Benefits and Capacity Marine. This segment earns commissions from insurance carriers for structuring and administering policies without necessarily underwriting the risk itself.
SFDL
2nd
Security Federal
$137.01Mn
44.00
+0.00%
+38.58%
The company operates Security Federal Insurance Inc., which acts as an insurance agency selling auto, business, and home insurance policies and earns commissions on these sales without underwriting the risk itself.
NWPP
2nd
New Peoples Bankshares
$115.34Mn
4.90
+0.00%
+42.86%
The company operates NPB Insurance Services, Inc., which generates revenue by referring insurance products to customers, acting as an intermediary rather than an underwriter.
SFBC
2nd
Sound Financial Bancorp
$114.66Mn
44.65
-3.79%
-3.06%
The company operates Sound Community Insurance Agency, Inc., which sells a variety of insurance products and services to individuals and businesses as an agency.
RDZN
2nd
Roadzen
$111.67Mn
1.32
-3.65%
+53.49%
The company operates a Brokerage Solutions segment where it acts as an insurance broker, earning commissions and fees by distributing policies from various carriers through B2B2C channels.
UWHR
2nd
Uwharrie Capital
$99.57Mn
14.01
-1.75%
+37.49%
The company has insurance subsidiaries that earn commissions from the sale of life, annuities, long-term care, disability, and Medicare supplement products.
QDMI
QDM International
$84.63Mn
9.80
+6.87%
-87.63%
QDM International operates as an insurance broker through its subsidiary YeeTah, which sells life, medical, and general insurance products from a panel of 21 carriers. The company does not underwrite risk itself but generates revenue primarily through commissions paid by these insurance companies for policies sold.
YRD
2nd
Yiren Digital
$83.85Mn
0.96
-4.00%
-83.81%
Through its subsidiary Hexiang Insurance Brokers, the company sells life, health, property, and casualty insurance policies on behalf of over 100 insurers, earning brokerage commissions as a percentage of premiums paid.
SLQT
SelectQuote
$72.35Mn
0.41
-4.65%
-79.08%
SelectQuote acts as an intermediary that matches consumers with insurance products from carrier partners like UnitedHealthcare and Progressive, earning commissions without underwriting risk. It provides comparison shopping for Senior, Life, and Auto & Home insurance policies.
AMTD
2nd
Amtd Idea
$70.36Mn
0.78
+8.33%
-30.36%
The company operates a licensed insurance brokerage through its subsidiary AMTD RSG, earning commissions and fees by matching client risk profiles with insurers for property, liability, and personal risk solutions.
JFU
2nd
9F
$64.05Mn
2.72
-1.09%
+3.42%
The company operates Jiuxing Insurance Brokerage Co Ltd, which earns commissions by offering insurance brokerage solutions and life protection plans to clients.
AIFU
Aifu
$53.89Mn
10.11
-6.65%
-90.33%
Aifu operates as an independent insurance intermediary that distributes life, health, and non-life insurance products on behalf of 67 different insurance carriers. Its revenue is generated primarily through commissions and fees from these distributions rather than by underwriting the risk itself.
DOMH
2nd
Dominari Holdings
$53.09Mn
2.19
-8.75%
-69.11%
The Insurance segment generates commissions from the sale of life, annuity, and property-casualty policies through direct carrier agreements, acting as an intermediary rather than an underwriter.
BVC
BitVentures
$50.50Mn
11.46
-3.70%
+724.46%
The company's current revenue is generated from client referral services, which involve introducing clients to external financial product partners, specifically insurance products sourced through external insurance brokers. This activity matches the role of an intermediary that helps buyers find insurance without underwriting the risk itself.
SDA
SunCar Technology
$44.92Mn
0.44
-2.22%
-82.26%
SunCar's primary business is intermediating auto insurance policies from 35 major insurance company groups and earning commissions as a percentage of premiums. It acts as an intermediary between insurance carriers and end-users, which is the core definition of an insurance broker.
KG
Kestrel
$41.55Mn
5.31
+0.57%
-80.56%
Kestrel's Program Services segment operates as a fee-based platform providing fronting services and access to A-rated insurance carriers for MGAs and program managers. It earns capacity distribution fees for facilitating the placement of property and casualty policies without assuming significant underwriting risk, acting as an intermediary between the capacity providers and the carriers.
QNTO
2nd
Quaint Oak Bancorp
$38.97Mn
14.70
+0.00%
+42.72%
The company owns an insurance agency subsidiary and earns revenue through insurance commissions, acting as an intermediary between carriers and clients.
MNY
2nd
MoneyHero
$32.12Mn
0.70
-2.78%
-51.05%
The company acts as a digital insurance brokerage provider, earning insurance commission income (9.4% of revenue) by connecting consumers to insurance providers.
PETS
2nd
Petmed Express
$29.92Mn
1.38
-1.43%
-45.02%
The company earns income from pet insurance offerings and reaches employers through the PetAssure broker network to provide pet health benefits.
BCG
2nd
Binah Capital
$19.11Mn
1.12
-1.75%
-34.88%
The company owns three insurance entities, including Wentworth Financial Partners, which deliver insurance solutions to clients through its wealth management platform.
HUIZ
Huize Holding
$12.20Mn
1.34
+0.75%
-60.70%
Huize Holding operates as an insurance intermediary that facilitates connections between consumers and partner underwriting companies without assuming any underwriting risk. Its primary revenue comes from brokerage and agency fees received from insurance carrier partners for policy facilitation and premium generation.
ZBAO
Zhibao Technology
$3.20Mn
0.10
+25.00%
-90.00%
The company generates the vast majority of its revenue (94-99%) from insurance brokerage fees paid by insurance companies. It acts as an intermediary between insurance carriers and end customers sourced through its 2B2C business channels.
EZRA
Reliance Global
$1.39Mn
2.28
-12.31%
-93.80%
The company generates its primary revenue from commission-based income earned on insurance policies placed through its network of wholesale and retail insurance agencies. It acts as an intermediary between insurance carriers and clients, which is the core activity of an insurance broker.
PICS
2nd
PicS
$1.70K
8.48
+3.54%
—
PicS N. V. earns commissions from the distribution of third-party insurance policies covering life, home, and mobile, acting as an intermediary rather than an underwriter.
TIRXF
Tian Ruixiang Holdings
$0.00
0.00
—
-100.00%
Tian Ruixiang operates as an insurance broker, acting as an intermediary that distributes products from over twenty insurance company partners to individual and institutional customers. The company explicitly states it does not assume underwriting risks and generates its revenue through commissions paid by insurance companies.