BSAC
2nd
Banco Santander Chile
$448.38Bn
35.69
-0.36%
+42.65%
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
$88.77Bn
185.72
-1.46%
-9.89%
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
$74.23Bn
15.36
-2.04%
+3.09%
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
$68.55Bn
323.15
-1.21%
-13.60%
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
$67.32Bn
262.65
-1.52%
-13.52%
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)
$44.60Bn
5.97
-1.00%
+13.93%
The company generates revenue from insurance brokerage, with its insurance business generating R$17.1 billion in premiums in 2025.
PAYX
2nd
Paychex
$43.28Bn
121.71
-2.69%
-10.26%
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
$31.09Bn
334.74
-2.14%
+1.49%
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
$26.26Bn
171.10
-2.07%
+11.44%
The company owns CSU Producer Resources, which provides insurance brokerage services as a noninsurance subsidiary.
BRO
Brown & Brown
$23.57Bn
71.42
-1.56%
-25.05%
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.
PHM
2nd
Pultegroup
$23.32Bn
124.41
+0.10%
-6.67%
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
$21.42Bn
42.41
-1.10%
+44.20%
The bank operates an insurance brokerage business through its subsidiary Banchile Corredores de Seguros, earning premiums by acting as an intermediary.
XHG
XChange TEC.INC
$16.98Bn
3.31
-3.50%
+180.51%
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.
PNFP
2nd
Pinnacle Financial Partners
$15.26Bn
101.07
-0.34%
+1.73%
The company operates insurance agency subsidiaries, such as Miller Loughry Beach Insurance Services and HPB Insurance Group, which earn commissions by placing insurance products.
ERIE
Erie Indemnity
$11.68Bn
252.80
-2.16%
-24.86%
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.
RYAN
Ryan Specialty Holdings
$10.71Bn
41.93
-0.99%
-23.72%
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.
XP
2nd
Xp
$10.32Bn
19.86
-0.70%
+11.51%
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.
CFR
2nd
Cullen
$10.11Bn
162.67
-0.06%
+26.32%
Frost Insurance Agency acts as an intermediary providing property, casualty, life, and disability insurance to businesses and individuals without underwriting the risk itself.
PRI
2nd
Primerica
$9.13Bn
295.62
-0.74%
+9.81%
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.
KNSL
2nd
Kinsale Capital
$8.50Bn
373.10
-2.52%
-18.84%
The company owns and operates a wholly owned broker subsidiary, Aspera Insurance Services Inc., which facilitates the placement of insurance policies.
YMM
2nd
Full Truck Alliance
$8.08Bn
8.65
+0.70%
-34.52%
The company operates an insurance brokerage business that earns commissions from partner insurers by providing insurance services to its user base.
FNB
2nd
Fnb
$6.60Bn
18.69
+1.14%
+11.32%
The company operates insurance agency services and earns revenue through insurance commissions, acting as an intermediary rather than an underwriter.
HOMB
2nd
Home Bancshares
$6.04Bn
30.15
+0.50%
+2.24%
The company earns revenue from insurance agency commissions, acting as an intermediary that places insurance policies for its customers.
AGBK
2nd
Agi
$5.72Bn
6.75
-1.60%
—
AGI Inc explicitly earns fee income from insurance brokerage services provided to its customer base.
WTM
2nd
White Mountains Insurance
$5.02Bn
2,104.34
-0.34%
+18.72%
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.
FFIN
2nd
First Financial Bankshares
$4.79Bn
33.44
+0.30%
-8.66%
The company earns commissions from insurance products provided via its subsidiaries, acting as an intermediary for insurance services.
PAGS
2nd
PagSeguro Digital
$4.78Bn
9.73
-2.21%
+6.92%
The company earns commissions from the distribution of insurance and investment products to its users, acting as an intermediary rather than the primary underwriter.
HGTY
Hagerty
$4.65Bn
13.53
+0.67%
+15.05%
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.
FULT
2nd
Fulton Financial
$4.60Bn
24.10
+0.96%
+23.91%
The profile explicitly mentions that the company earns revenue from insurance commissions, indicating it acts as an intermediary placing insurance for its clients.
NP
Neptune Insurance Holdings
$4.58Bn
33.21
-0.57%
—
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.
FBP
2nd
First Bancorp
$4.35Bn
28.51
+0.25%
+27.68%
Through its subsidiary FirstBank Insurance Agency Inc, the company earns fee income from insurance agency commissions by acting as an intermediary for insurance products.
BWIN
Baldwin Insurance
$4.31Bn
30.88
-1.09%
+2.22%
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.
UCB
2nd
United Community Banks
$4.27Bn
35.63
+0.71%
+6.10%
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
$4.19Bn
62.69
+0.18%
+24.45%
The company generates revenue from the sale of insurance products, acting as an intermediary between insurance carriers and its clients.
WSBC
2nd
Wesbanco
$3.96Bn
41.33
+0.05%
+25.28%
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
$3.76Bn
111.87
-0.90%
-17.31%
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
$3.65Bn
5.66
-2.41%
-33.02%
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
$3.42Bn
23.69
+3.09%
+13.51%
The company generates noninterest income through insurance agency commissions, acting as an intermediary for insurance products.
CBU
2nd
Community Financial System
$3.36Bn
63.80
+0.42%
+7.48%
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
$3.35Bn
34.60
+0.64%
+9.32%
The company operates an insurance agency through its wholly owned subsidiary Nature Coast Insurance Inc. and earns insurance agency commissions.
PFS
2nd
Provident Financial Services
$3.09Bn
23.73
+0.72%
+17.94%
The company earns commissions from insurance brokerage services provided by its subsidiary, Provident Protection Plus, Inc.
CBZ
2nd
Cbiz
$2.98Bn
54.85
-0.13%
-8.54%
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.
NBTB
2nd
Nbt Bancorp
$2.72Bn
52.27
+1.24%
+19.12%
The company earns insurance commissions through its banking segment and non-bank subsidiaries that offer insurance services to its customers.
WAFD
2nd
Wafd
$2.68Bn
36.30
+0.89%
+15.57%
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.
GSHD
Goosehead Insurance
$2.32Bn
65.21
-2.79%
-21.33%
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.
OFG
2nd
Ofg Bancorp
$2.25Bn
53.20
+0.83%
+19.60%
The company operates Oriental Insurance, which acts as an insurance agency and earns commissions from insurance sales.
FCF
2nd
First Commonwealth Financial
$2.16Bn
21.36
+0.95%
+18.53%
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
$2.10Bn
87.23
+0.67%
+36.72%
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.
CCS
2nd
Century Communities
$1.83Bn
64.46
+0.92%
-1.15%
The company operates an insurance brokerage business for homebuyers through IHL Home Insurance Agency, LLC.
DCOM
2nd
Dime Commercial Bancshares
$1.82Bn
41.28
+0.93%
+33.20%
Through its subsidiary Dime Abstract LLC, the company provides title insurance brokerage services, earning commissions by serving real estate attorneys and title agents.
BFC
2nd
Bank First
$1.73Bn
156.23
+0.90%
+20.86%
The company earns commissions from insurance activities through its ownership interest in Ansay & Associates LLC, acting as an intermediary for insurance products.
OBK
2nd
Origin Bancorp
$1.68Bn
54.52
+0.28%
+41.28%
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.
TWFG
Twfg
$1.56Bn
28.89
-1.33%
+7.76%
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.
PEBO
2nd
Peoples Bancorp
$1.44Bn
39.99
+0.83%
+28.30%
Through its subsidiary Peoples Insurance Agency, the company earns fee-based revenue from insurance commissions acting as an agency brokerage.
CTBI
2nd
Community Trust Bancorp
$1.41Bn
77.76
+0.35%
+32.16%
The company provides insurance services through its subsidiaries, acting as an intermediary rather than an underwriter.
FMBH
2nd
First Mid Bancshares
$1.37Bn
51.33
+0.49%
+26.30%
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.
UVE
2nd
Universal Insurance Holdings
$1.23Bn
44.17
-1.34%
+77.82%
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.
TRUP
2nd
Trupanion
$1.22Bn
27.80
-3.44%
-37.08%
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.
CLBK
2nd
Columbia Financial
$1.22Bn
11.70
+0.00%
-22.00%
Columbia Insurance Services offers personal and commercial insurance policies and generates revenue through insurance commissions, acting as an intermediary rather than an underwriter.
CLBK
2nd
Columbia Financial
$1.22Bn
11.70
+0.00%
-22.00%
The company operates Columbia Insurance Services, which earns revenue from insurance agency premiums by acting as an intermediary for property and casualty insurance.
UVSP
2nd
Univest Financial
$1.17Bn
42.35
+0.71%
+32.68%
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.
CCNE
2nd
Cnb Financial
$1.03Bn
34.91
+1.63%
+34.22%
The corporation owns an insurance agency subsidiary that earns revenue through insurance agency premiums.
HBNC
2nd
Horizon Bancorp
$1.02Bn
19.91
+1.22%
+19.65%
Through its subsidiary Horizon Insurance, the company distributes life insurance products and earns commissions from these sales.
MHLA
2nd
Maiden Holdings
$996.83Mn
10.00
+0.40%
-33.86%
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.
MPB
2nd
Mid Penn Bancorp
$946.99Mn
37.40
+0.75%
+24.71%
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
$927.93Mn
49.09
+0.31%
+31.54%
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.
SMBC
2nd
Southern Missouri Bancorp
$817.03Mn
74.17
+1.04%
+30.10%
The company earns revenue from insurance commissions, indicating it acts as an intermediary for insurance products.
CWH
2nd
Camping World Holdings
$719.96Mn
6.97
+3.72%
-60.49%
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.
CNNE
2nd
Cannae Holdings
$686.93Mn
15.84
+0.00%
-15.47%
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
$670.71Mn
65.95
+0.52%
+44.95%
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
$654.69Mn
39.57
+0.30%
+34.87%
The company indirectly controls an insurance agency subsidiary that generates revenue through commissions from selling insurance products to individual consumers.
NRDS
2nd
Nerdwallet
$631.12Mn
9.88
-0.30%
-3.98%
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
$577.46Mn
27.77
+0.73%
+33.83%
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
$567.26Mn
8.46
+1.81%
-31.05%
The company earns commissions through insurance referrals and brokerage activities via Glory and Glory Family Heritage, which hold insurance brokerage licenses.
COFS
2nd
Choiceone Financial Services
$512.80Mn
34.30
+0.76%
+11.18%
The company owns ChoiceOne Insurance Agencies Inc, an independent insurance agency that generates revenue through insurance commissions.
FMAO
2nd
Farmers & Merchants Bancorp
$486.00Mn
35.27
+0.23%
+35.81%
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
$468.47Mn
26.11
+1.08%
+27.86%
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.
CBAN
2nd
Colony Bankcorp
$460.83Mn
21.78
+1.35%
+24.89%
The company generates fee-based income through an insurance agency acquired through The Ellerbee Agency, acting as an intermediary for insurance products.
PBFS
2nd
Pioneer Bancorp
$460.56Mn
18.54
+2.83%
+42.62%
Pioneer Insurance Agency, Inc. acts as an intermediary selling personal and commercial insurance products from major national insurance companies.
ACIC
2nd
American Coastal Insurance
$450.97Mn
9.54
+0.00%
-14.52%
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.
GBLI
2nd
Global Indemnity
$428.90Mn
30.00
+0.00%
+0.60%
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.
CHMG
2nd
Chemung Financial
$409.05Mn
84.84
+0.32%
+59.08%
Through its CFS subsidiary, the company sells insurance products and brokerage services, generating commission-based revenue as an intermediary.
CZFS
2nd
Citizens Financial Services
$398.83Mn
82.92
-0.80%
+38.08%
The company operates an insurance agency that sells life, health, and annuity products to its customers, earning revenue through insurance commissions.
WDH
Waterdrop
$375.32Mn
1.04
+4.00%
-41.57%
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.
NEWT
2nd
NewtekOne
$359.50Mn
12.44
+1.06%
+1.63%
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.
BRBS
2nd
Blue Ridge Bankshares
$355.03Mn
3.96
+0.25%
-1.98%
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.
FDBC
2nd
Fidelity D & D Bancorp
$319.88Mn
55.07
+0.09%
+21.67%
The company offers insurance solutions to its customers, acting as a provider of insurance products as part of its diversified financial services suite.
KINS
2nd
Kingstone Companies
$288.91Mn
19.96
-1.29%
+48.18%
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.
BETR
2nd
Better Home & Finance Holding
$274.86Mn
14.48
+9.70%
-36.10%
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.
TROO
2nd
Troops
$273.64Mn
2.24
+3.70%
+111.32%
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.
NKSH
2nd
National Bankshares
$268.01Mn
42.07
+0.55%
+37.84%
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
$259.88Mn
16.35
-1.80%
+360.56%
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.
OSG
2nd
Octave Specialty
$224.19Mn
4.98
+5.73%
-45.39%
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.
SFBC
2nd
Sound Financial Bancorp
$122.47Mn
47.69
+0.19%
+1.68%
The company operates Sound Community Insurance Agency, Inc., which sells a variety of insurance products and services to individuals and businesses as an agency.
NWPP
2nd
New Peoples Bankshares
$112.52Mn
4.78
+0.42%
+47.99%
The company operates NPB Insurance Services, Inc., which generates revenue by referring insurance products to customers, acting as an intermediary rather than an underwriter.
RDZN
2nd
Roadzen
$109.13Mn
1.29
-3.73%
+35.79%
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
$98.22Mn
13.82
+0.00%
+41.60%
The company has insurance subsidiaries that earn commissions from the sale of life, annuities, long-term care, disability, and Medicare supplement products.
SLQT
SelectQuote
$95.29Mn
0.54
+0.00%
-74.53%
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.
YRD
2nd
Yiren Digital
$88.21Mn
1.01
-0.98%
-82.56%
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.
AMTD
2nd
Amtd Idea
$69.45Mn
0.77
+2.67%
-24.51%
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.
BVC
BitVentures
$69.23Mn
15.71
+2.08%
+2,244.78%
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.
QDMI
QDM International
$64.77Mn
7.50
+7.14%
-86.58%
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.
JFU
2nd
9F
$59.81Mn
2.54
+0.79%
+4.53%
The company operates Jiuxing Insurance Brokerage Co Ltd, which earns commissions by offering insurance brokerage solutions and life protection plans to clients.
KG
Kestrel
$59.31Mn
7.58
+0.00%
-70.83%
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.
SDA
SunCar Technology
$59.21Mn
0.58
-1.69%
-77.95%
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.
DOMH
2nd
Dominari Holdings
$50.91Mn
2.10
-1.41%
-63.03%
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.
MNY
2nd
MoneyHero
$39.46Mn
0.86
+0.00%
-48.81%
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
$39.25Mn
1.81
-2.16%
-40.46%
The company earns income from pet insurance offerings and reaches employers through the PetAssure broker network to provide pet health benefits.
QNTO
2nd
Quaint Oak Bancorp
$38.41Mn
14.49
-0.07%
+42.76%
The company owns an insurance agency subsidiary and earns revenue through insurance commissions, acting as an intermediary between carriers and clients.
AIFU
Aifu
$28.83Mn
18.56
-18.53%
-82.19%
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.
BCG
2nd
Binah Capital
$22.18Mn
1.30
-2.99%
-27.78%
The company owns three insurance entities, including Wentworth Financial Partners, which deliver insurance solutions to clients through its wealth management platform.
HUIZ
Huize Holding
$13.38Mn
1.47
+2.08%
-43.02%
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
$5.44Mn
0.17
-5.56%
-83.33%
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
$1.73Mn
2.83
-0.35%
-91.87%
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
$2.29K
11.46
-2.13%
—
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.