Insurance Products Agency Inc
How we got $943K
Based on its 2 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Likely to sell
- In business 31 years (since 1995)
- Founder still runs it after 31 years
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
Insurance Products Agency, Inc. provides insurance products and services for financial institutions, including credit life and A&H insurance, GAP, vehicle service contracts, and flood and mortgage-related coverage for banks and their customers.
From the company's website. Industry: Insurance agencies.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- MidFirst Bank · Oklahoma City, 11 mi · $2.25B
- BancFirst · Oklahoma City, 15 mi · $785.7M
- InterBank · Oklahoma City, 12 mi · $369.1M
- Stride Bank, N.a. · Enid, 54 mi · $224.7M
- First Fidelity Bank · Oklahoma City, 11 mi · $161.7M
Estimated value over time
▲ 30% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Employees over time
▲ 0% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 2 | $358K |
| 2020 | Form 5500 | 2 | $358K |
| 2021 | Form 5500 | 2 | $358K |
| 2022 | Form 5500 | 2 | $358K |
| 2023 | Form 5500 | 2 | $358K |
| 2024 | Form 5500 | 2 | $358K |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| INSURANCE PRODUCTS AGENCY INC this business | $681K | — |
| NIK MCDANIEL INSURANCE & FINANCIAL SERVICES LLC Edmond · 1 employees | $367K | 0.0 mi |
| JTP INSURANCE, LLC Edmond · 3 employees | $446K | 0.0 mi |
| Tracy Martino Edmond | $806K | 0.1 mi |
| JENNIFER LOWDER INSURANCE AGCY INC Edmond · 9 employees | $1.6M | 0.5 mi |
| State Farm Edmond | $806K | 0.5 mi |
| EDDIE STALLWORTH Edmond · 1 employees | $281K | 0.5 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $415K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $861K |
| Estimate: the two combined (geometric mean) | $681K |
| EBITDA margin (industry, adjusted for size) | 38% |
| EBITDA = revenue × margin | $262K |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $943K |
| Multiple for this size and industry | 3.6× |
| Value range | $496K – $1.3M |
| Revenue range | $448K – $777K |
| EBITDA range | $172K – $299K |
| Industry (NAICS) | Insurance Agencies and Brokerages (524210) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
Leadership
- RTRonnie ThomasExecutive Vice President · Company website · source
- ASAmy SatterfieldSenior Vice President · Company website · source
- HTHeather TullyVice President · Company website · source
- NKNikki KitsmillerOffice Manager · Company website · source
Advisors
- BankingThe Citizens Bank of EdmondPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| The Citizens Bank of Edmond PPP 2020, PPP 2021 | All 502 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/14/2020 | first | $29K | 2 |
| 1/25/2021 | second | $31K | 2 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Insurance Products Agency Inc
Insurance Products Agency Inc is an insurance agencies company in Edmond, Oklahoma, in business since 1995. It is owned by Terry Cook (President). Its estimated annual revenue is about $681K, with roughly $262K of EBITDA. It has about 2 employees. Its estimated business value is $943K (likely range $496K–$1.3M).
Common questions
- Who owns Insurance Products Agency Inc?
- Insurance Products Agency Inc is owned by Terry Cook (President), according to public sources such as the company's website or filings.
- How much revenue does Insurance Products Agency Inc make?
- SeeBITDA estimates Insurance Products Agency Inc's annual revenue at about $681K (likely between $448K and $777K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Insurance Products Agency Inc worth?
- About $943K, roughly 3.6× its estimated EBITDA of $262K, typical for a insurance agencies company its size. Likely range: $496K–$1.3M.
- How many employees does Insurance Products Agency Inc have?
- About 2, from its 2024 retirement-plan filing.
- When was Insurance Products Agency Inc founded?
- Insurance Products Agency Inc has been in business since 1995.
- Is Insurance Products Agency Inc for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 31 years (since 1995); founder still runs it after 31 years; no family successor named on its website.