Schwegman Insurance and Financial Services
- Douglas J. Schwegman, CLU, ChFCOwner and operator · Company website
- Teresa CarterHealth insurance specialist · Company website
- Melissa Schwegman-WhitakerInsurance counselor · Company website
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 Likely to sell
- In business 50 years (since 1976)
- 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
Schwegman Insurance & Financial Services is an insurance agency in Bartlesville, OK that provides help and advice to clients for individual insurance needs, Medicare Supplement, and employer group benefits.
From the company's website. Industry: Insurance agencies.
Customers & suppliers
Suppliers & brands
- Delta Dental · brand it sells or installs
- Blue Cross Blue Shield · brand it sells or installs
- VSP · brand it sells or installs
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| Schwegman Insurance and Financial Services this business | $815K | — |
| Graham-Rogers Insurance Bartlesville | $815K | 0.0 mi |
| Standard Lines Services Bartlesville | $815K | 0.1 mi |
| PHOENIX INSURANCE, INC Bartlesville · 6 employees | $1.4M | 0.1 mi |
| BILHARTZ INSURANCE AGENCY, LLC Bartlesville · 3 employees | $792K | 0.2 mi |
| Zac Henderson - State Farm Insurance Agent Bartlesville | $815K | 0.3 mi |
| MATT SPENCE INSURANCE AGENCY INC Bartlesville · 4 employees | $1.0M | 0.3 mi |
Ranges & sources
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 | $374K – $1.0M |
| EBITDA range | $144K – $392K |
| Industry (NAICS) | Agencies, brokerages, and other insurance related activities (5242) |
| Value range | $415K – $1.7M |
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
“Family owned and operated, Schwegman Insurance was founded in 1976 by Jerry Schwegman who has always had a passion for helping people solve financial problems.”
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 Schwegman Insurance and Financial Services
Schwegman Insurance and Financial Services is a family-owned insurance agencies company in Bartlesville, Oklahoma, in business since 1976. It is owned by Doug Schwegman. Its estimated annual revenue is about $815K, with roughly $314K of EBITDA. Its estimated business value is $1.1M (likely range $415K–$1.7M).
Common questions
- Who owns Schwegman Insurance and Financial Services?
- Schwegman Insurance and Financial Services is owned by Doug Schwegman, according to public sources such as the company's website or filings.
- How much revenue does Schwegman Insurance and Financial Services make?
- SeeBITDA estimates Schwegman Insurance and Financial Services's annual revenue at about $815K (likely between $374K and $1.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Schwegman Insurance and Financial Services worth?
- About $1.1M, roughly 3.6× its estimated EBITDA of $314K, typical for a insurance agencies company its size. Likely range: $415K–$1.7M.
- When was Schwegman Insurance and Financial Services founded?
- Schwegman Insurance and Financial Services has been in business since 1976.
- Is Schwegman Insurance and Financial Services for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 50 years (since 1976); no family successor named on its website.