Oklahoma Attorneys Mutual Insurance Company
- Carolyn SmithSenior Vice President, Claims · Company website
- Zindaba TemboDirector of Underwriting & Analytics · Company website
- Alejandro QuinonesDirector of Finance · Company website
- Laura StoneDirector of Marketing & Communications Strategies · Company website
- Robin GayleUnderwriting Account Representative · Company website
How we got $19.2M
Based on its 14 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 27% 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
▼ 14% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 14 | $12.4M |
| 2020 | Form 5500 | 11 | $9.8M |
| 2021 | Form 5500 | 11 | $9.8M |
| 2022 | Form 5500 | 12 | $10.6M |
| 2023 | Form 5500 | 12 | $10.6M |
| 2024 | Form 5500 | 12 | $10.6M |
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.
What we know
Signs of a sale Likely to sell
- In business 46 years (since 1980)
- 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
OAMIC is a policyholder-owned lawyers professional liability insurer based in Edmond, Oklahoma, serving lawyers domiciled in Oklahoma since 1980.
From the company's website. Industry: Direct Property and Casualty Insurance Carriers.
Customers & suppliers
Suppliers & brands
- Clio · brand it sells or installs
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- MCAFEE & TAFT, A PROFESSIONAL CORPORATION · Oklahoma City, 10 mi · $138.1M
- CROWE & DUNLEVY, A PROFEESIONAL CORPORATION · Oklahoma City, 10 mi · $86.1M
- CROWE & DUNLEVY, A PROFESSIONAL CORPORATION · Oklahoma City, 10 mi · $66.0M
- NATIONAL LITIGATION LAW GROUP, LLP · Oklahoma City, 9 mi · $62.1M
- PHILLIPS MURRAH, PC · Oklahoma City, 10 mi · $46.3M
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| OKLAHOMA ATTORNEYS MUTUAL INSURANCE COMPANY this business | $14.6M | — |
| American Guaranty Title Co Edmond | $966K | 1.1 mi |
| OKLAHOMA HEALTH OPTIONS LLC Edmond · 2 employees | $3.6M | 1.4 mi |
| MATTHEW RAMIREZ INSURANCE AGENCY INC Edmond · 2 employees | $1.3M | 1.6 mi |
| Westfield Group Insurance Edmond | $815K | 1.9 mi |
| DEAN INSURANCE BROKERAGE LLC Edmond · 1 employees | $1.2M | 2.3 mi |
| COMPASS BENEFIT SOLUTIONS, LLC Edmond · 4 employees | $4.6M | 2.8 mi |
The full calculation
| Employees reported to the SBA | 14 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $11.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $14.4M |
| Estimate: the two combined (geometric mean) | $14.6M |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $3.5M |
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 | $19.2M |
| Multiple for this size and industry | 5.5× |
| Value range | $10.1M – $26.3M |
| Revenue range | $9.6M – $16.7M |
| EBITDA range | $2.3M – $4.0M |
| Industry (NAICS) | Direct Property and Casualty Insurance Carriers (524126) |
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
History & advisors
“In the late 1970s, a handful of Oklahoma Bar members established what would later become one of the first six original bar-related captive insurance companies in the nation.”
Advisors
- BankingKirkpatrick BankPPP / 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
| Kirkpatrick Bank PPP 2020 | All 258 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $217K | 14 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Oklahoma Attorneys Mutual Insurance Company
Oklahoma Attorneys Mutual Insurance Company is a direct property and casualty insurance carriers company in Edmond, Oklahoma, in business since 1980. It is owned by Phil Fraim (President and CEO). Its estimated annual revenue is about $14.6M, with roughly $3.5M of EBITDA. It has about 12 employees. Its estimated business value is $19.2M (likely range $10.1M–$26.3M).
Common questions
- Who owns Oklahoma Attorneys Mutual Insurance Company?
- Oklahoma Attorneys Mutual Insurance Company is owned by Phil Fraim (President and CEO), according to public sources such as the company's website or filings.
- How much revenue does Oklahoma Attorneys Mutual Insurance Company make?
- SeeBITDA estimates Oklahoma Attorneys Mutual Insurance Company's annual revenue at about $14.6M (likely between $9.6M and $16.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Oklahoma Attorneys Mutual Insurance Company worth?
- About $19.2M, roughly 5.5× its estimated EBITDA of $3.5M, typical for a direct property and casualty insurance carriers company its size. Likely range: $10.1M–$26.3M.
- How many employees does Oklahoma Attorneys Mutual Insurance Company have?
- About 12, from its 2024 retirement-plan filing.
- When was Oklahoma Attorneys Mutual Insurance Company founded?
- Oklahoma Attorneys Mutual Insurance Company has been in business since 1980.
- Is Oklahoma Attorneys Mutual Insurance Company for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 46 years (since 1980); no family successor named on its website.