National American Insurance
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 Unlikely to sell soon
- In business 39 years (since 1987)
- Family in the business (Candace LaGere, Executive Vice President)
From public records and the company's website, not a statement that it's for sale.
What they do
National American Insurance Company, headquartered in Chandler, Oklahoma, provides commercial insurance for businesses, specializing in industries such as construction, manufacturing, oil & gas, and service contractors.
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.
- Laredo Petroleum · Tulsa, 59 mi · $1.95B
- Aaon, Inc. · Tulsa, 57 mi · $1.44B
- JCL SAFETY SERVICES, LLC · Tulsa, 64 mi · $1.02B
- LSB INDUSTRIES, INC · Oklahoma City, 41 mi · $615.2M
- COF AGGREGATE HOLDINGS, INC · Sand Springs, 49 mi · $527.7M
- GULFPORT ENERGY CORPORATION · Oklahoma City, 39 mi · $1.42B
- MACH RESOURCES LLC · Oklahoma City, 40 mi · $1.18B
- CROWN ENERGY COMPANY · Oklahoma City, 39 mi · $711.6M
- T/J INSPECTION, INC. · Del City, 36 mi · $651.7M
- EXPLORER PIPELINE COMPANY · Tulsa, 58 mi · $619.2M
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| National American Insurance this business | $806K | — |
| Chandler Insurance Managers Inc Chandler | $806K | 0.0 mi |
| KML ENTERPRISES, LLC Chandler · 14 employees | $3.5M | 0.0 mi |
| Afr Mutual Insurance Company Chandler | $806K | 0.1 mi |
| Thompson's American Farmers Chandler | $806K | 0.1 mi |
| Tedford Insurance - Chandler Chandler | $4.0M | 0.1 mi |
| Shelter Insurance - Kristin Ludi Chandler | $806K | 0.1 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
“National American Insurance Company (NAICO), a regional insurance carrier providing commercial property and casualty coverage, has proudly served our customers from our home office in Chandler, Oklahoma since 1987.”
Leadership
- MLMalinda LairdExecutive Vice President · Company website · source
- CLCandace LaGereExecutive Vice President · Company website · source
- DLDavid LittleVice President of Information Systems · Company website · source
- DBDoug BridgeVice President of Administration and Human Resources · Company website · source
- KBKyle BakerVice President of Marketing · Company website · source
- MRMichael RosanelliLoss Control Manager · Company website · source
- MBMyrna BeaslerChief Financial Officer · Company website · source
- PGPat GilmoreSenior Vice President and General Counsel · Company website · source
- RGRyan GilmoreDeputy General Counsel · Company website · source
- SBSteve BellSenior Vice President of Claims · Company website · source
- SBSteve BlainVice President of Underwriting · Company website · source
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 National American Insurance
National American Insurance is an insurance agencies company in Chandler, Oklahoma, in business since 1987. It is owned by Lance LaGere (Chief Executive Officer). 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 National American Insurance?
- National American Insurance is owned by Lance LaGere (Chief Executive Officer), according to public sources such as the company's website or filings.
- How much revenue does National American Insurance make?
- SeeBITDA estimates National American Insurance'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 National American Insurance 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 National American Insurance founded?
- National American Insurance has been in business since 1987.