Individual Assurance Company
How we got $2.4M
Based on typical figures for its industry (2022 Economic Census), not its own records.
What we know
Signs of a sale Likely to sell
- In business 70 years (since 1956)
- 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
Individual Assurance Company is a life, health and accident insurer based in Edmond, Oklahoma, which as of June 5, 2026 was acquired by Alpha Wave Global; LifeShield continues to handle policy servicing.
From the company's website. Industry: Insurance agencies.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| Individual Assurance Company this business | $1.6M | — |
| BENJIE WECHSLER INSURANCE AGENCY INC Edmond · 6 employees | $1.1M | 0.0 mi |
| Fifth Avenue Agency Edmond | $436K | 0.1 mi |
| MICHELLE SCHAEFER INSURANCE INC Edmond · 3 employees | $723K | 0.3 mi |
| Farmers Insurance - Thomas Snow Edmond | $815K | 0.3 mi |
| COPPERMARK CONSULTING CORPS LLC Edmond · 10 employees | $3.0M | 0.3 mi |
| STATEWIDE INSURANCE AGENCY LLC Edmond · 7 employees | $1.8M | 0.3 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 | $2.4M |
| Multiple for this size and industry | 4.5× |
| Value range | $884K – $3.6M |
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 (33%). Treat these as a rough guide.
| Revenue range | $749K – $2.0M |
| EBITDA range | $246K – $669K |
| 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
History & advisors
“IAC began doing business in 1956 as Institutional Agencies Corporation founded by Mr. Robert Stroud.”
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.
2 locations
| 930 E 2nd St | Edmond | This listing |
| 3200 E Memorial Rd | Edmond | 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 Individual Assurance Company
Individual Assurance Company is an insurance agencies company in Edmond, Oklahoma, in business since 1956. It is owned by Jim Harlin (President and CEO). Its estimated annual revenue is about $1.6M, with roughly $535K of EBITDA. Its estimated business value is $2.4M (likely range $884K–$3.6M). It has 2 locations.
Common questions
- Who owns Individual Assurance Company?
- Individual Assurance Company is owned by Jim Harlin (President and CEO), according to public sources such as the company's website or filings.
- How much revenue does Individual Assurance Company make?
- SeeBITDA estimates Individual Assurance Company's annual revenue at about $1.6M (likely between $749K and $2.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Individual Assurance Company worth?
- About $2.4M, roughly 4.5× its estimated EBITDA of $535K, typical for a insurance agencies company its size. Likely range: $884K–$3.6M.
- When was Individual Assurance Company founded?
- Individual Assurance Company has been in business since 1956.
- Is Individual Assurance Company for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 70 years (since 1956); no family successor named on its website.