Old Surety Life Insurance Company
- Susan BradfordExecutive Vice President · Company website
- Mary Kay HixsonSecretary / Executive Vice President · Company website
- Chris PerryTreasurer / Executive Vice President · Company website
- Brenna McCoyVice President / IT Director · Company website
- Herman StokesVice President · Company website
How we got $130.9M
Based on its 49 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 94 years (since 1932)
- No family successor named on its website
- Headcount down 35% since 2022 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
What they do
Old Surety Life Insurance Company is an Oklahoma owned and operated insurance company in business since 1932. It describes itself as a family oriented, customer service driven company.
From the company's website. Industry: Direct Health and Medical Insurance Carriers.
Estimated value over time
▲ 53% 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
▼ 39% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 49 | $62.6M |
| 2020 | Form 5500 | 43 | $54.9M |
| 2021 | Form 5500 | 45 | $57.5M |
| 2022 | Form 5500 | 46 | $58.7M |
| 2023 | Form 5500 | 31 | $39.6M |
| 2024 | Form 5500 | 29 | $37.0M |
| 2025 | Form 5500 | 30 | $38.3M |
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 |
|---|---|---|
| OLD SURETY LIFE INSURANCE COMPANY this business | $89.9M | — |
| COMPSOUCE MUTUAL INSURANCE COMPANY Oklahoma City | $537.9M | 0.2 mi |
| TRAVELERS MOTOR CLUB Oklahoma City · 29 employees | $42.0M | 1.2 mi |
| OKLAHOMA FARM BUREAU MUTUAL INSURANCE CO. Oklahoma City · 489 employees | $6.2M | 1.9 mi |
| THN INSURANCE SOLUTIONS, LLC Oklahoma City · 4 employees | $2.9M | 2.6 mi |
| GARRETT AND COMPANY IA LLC Oklahoma City · 1 employees | $513K | 3.2 mi |
| CAMPBELL -KAUFFMAN, INC. Oklahoma City · 3 employees | $4.6M | 3.5 mi |
The full calculation
| Employees reported to the SBA | 49 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $91.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $67.8M |
| Estimate: the two combined (geometric mean) | $89.9M |
| EBITDA margin (industry, adjusted for size) | 19% |
| EBITDA = revenue × margin | $17.5M |
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 | $130.9M |
| Multiple for this size and industry | 7.5× |
| Value range | $68.9M – $179.1M |
| Revenue range | $59.1M – $102.5M |
| EBITDA range | $11.5M – $19.9M |
| Industry (NAICS) | Direct Health and Medical Insurance Carriers (524114) |
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
“Old Surety Life Insurance Company is an Oklahoma owned and operated Insurance Company that has been in business since 1932.”
Advisors
- BankingBOKF, National AssociationPPP / 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
| BOKF, National Association PPP 2020 | All 2,399 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/12/2020 | first | $590K | 49 |
2 locations
| 5201 N Lincoln Blvd | Oklahoma City | This listing |
| 1900 NW Expressway | Oklahoma City | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Old Surety Life Insurance Company
Old Surety Life Insurance Company is a direct health and medical insurance carriers company in Oklahoma City, Oklahoma, in business since 1932. It is owned by Doug Pomplun (President). Its estimated annual revenue is about $89.9M, with roughly $17.5M of EBITDA. It has about 30 employees. Its estimated business value is $130.9M (likely range $68.9M–$179.1M). It has 2 locations.
Common questions
- Who owns Old Surety Life Insurance Company?
- Old Surety Life Insurance Company is owned by Doug Pomplun (President), according to public sources such as the company's website or filings.
- How much revenue does Old Surety Life Insurance Company make?
- SeeBITDA estimates Old Surety Life Insurance Company's annual revenue at about $89.9M (likely between $59.1M and $102.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Old Surety Life Insurance Company worth?
- About $130.9M, roughly 7.5× its estimated EBITDA of $17.5M, typical for a direct health and medical insurance carriers company its size. Likely range: $68.9M–$179.1M.
- How many employees does Old Surety Life Insurance Company have?
- About 30, from its 2025 retirement-plan filing.
- When was Old Surety Life Insurance Company founded?
- Old Surety Life Insurance Company has been in business since 1932.
- Is Old Surety Life Insurance Company for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 94 years (since 1932); no family successor named on its website; headcount down 35% since 2022 (retirement plan filings).