Globe Life American Income Division: AO
How we got $1.1M
Based on typical figures for its industry (2022 Economic Census), not its own records.
What we know
Signs of a sale Some signs of a sale
- In business 30 years (since 1996)
- 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
Globe Life American Income Division offers life, supplemental health, and accident insurance products to working class families, including members of labor unions, credit unions and associations. This AO office page recruits independent contractor agents and describes the opportunity.
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, 15 mi · $2.25B
- BancFirst · Oklahoma City, 11 mi · $785.7M
- InterBank · Oklahoma City, 15 mi · $369.1M
- First Fidelity Bank · Oklahoma City, 14 mi · $161.7M
- Communication Federal Credit Union · Oklahoma City, 16 mi · $148.2M
- LIFE. CHURCH OPERATIONS, LLC · Edmond, 24 mi · $116.4M
- OKLAHOMA CITY BOATHOUSE FOUNDATION · Oklahoma City, 10 mi · $68.4M
- THE EPISCOPAL DIOCESES OF OKLAHOMA, INC. · Oklahoma City, 11 mi · $62.7M
- CROSSINGS COMMUNITY CHURCH, INC · Oklahoma City, 12 mi · $52.1M
- COMMUNITIES FOUNDATION OF OKLAHOMA · Oklahoma City, 15 mi · $48.7M
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| Globe Life American Income Division: AO this business | $806K | — |
| MCKINLEY INS. II LLC Oklahoma City · 3 employees | $767K | 0.5 mi |
| SAFEWAY INSURANCE AGENCY LLC Oklahoma City · 2 employees | $364K | 0.5 mi |
| Farmers Insurance - Jeffrey Mccormick Oklahoma City | $806K | 0.5 mi |
| Farmers Insurance - Jeff Frazier Moore | $806K | 0.8 mi |
| Dusty Treat - State Farm Insurance Agent Moore | $806K | 0.9 mi |
| Allstate Moore | $806K | 1.2 mi |
The full calculation
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 | $1.1M |
| Multiple for this size and industry | 3.6× |
| Value range | $411K – $1.7M |
This business has no PPP loan on record, so there is no business-specific data. The figures are the typical estimated revenue of Agencies, brokerages, and other insurance related activities businesses in our Oklahoma data: the middle value, with the range covering the middle half of those businesses. EBITDA applies the industry margin (38%). Treat these as a rough guide.
| Revenue range | $371K – $1.0M |
| EBITDA range | $143K – $387K |
| Industry (NAICS) | Agencies, brokerages, and other insurance related activities (5242) |
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. These are statistical estimates, not reported financials. Listing details come from Overture Maps open data. Full methodology
People & advisors
“Globe Life American Income Division has served working class families since 1951 with life, supplemental health, and accident insurance products to help protect members of labor unions, credit unions, associations, and their families.”
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.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Globe Life American Income Division: AO
Globe Life American Income Division: AO is an insurance agencies company in Oklahoma City, Oklahoma, in business since 1996. It is owned by Rick Altig (Business Owner). Its estimated annual revenue is about $806K, with roughly $310K of EBITDA. Its estimated business value is $1.1M (likely range $411K–$1.7M).
Common questions
- Who owns Globe Life American Income Division: AO?
- Globe Life American Income Division: AO is owned by Rick Altig (Business Owner), according to public sources such as the company's website or filings.
- How much revenue does Globe Life American Income Division: AO make?
- SeeBITDA estimates Globe Life American Income Division: AO's annual revenue at about $806K (likely between $371K and $1.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Globe Life American Income Division: AO worth?
- About $1.1M, roughly 3.6× its estimated EBITDA of $310K, typical for a insurance agencies company its size. Likely range: $411K–$1.7M.
- When was Globe Life American Income Division: AO founded?
- Globe Life American Income Division: AO has been in business since 1996.