State Farm Insurance
- Melinda McLaneOffice Manager · Company website
- Madeline McIlvoyTeam Member · 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 40 years (since 1986)
- Founder still runs it after 40 years
- Family in the business (Madeline McIlvoy, Team Member)
From public records and the company's website, not a statement that it's for sale.
What they do
Greg McIlvoy is a State Farm insurance agent in Choctaw, Oklahoma, offering auto, home, business, life, health and other insurance products and banking.
From the company's website. Industry: Insurance agencies.
Customers & suppliers
Suppliers & brands
- State Farm · brand it sells or installs
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| State Farm Insurance this business | $815K | — |
| OMEGA INSURANCE AGENCY, INC. Choctaw · 8 employees | $1.9M | 0.1 mi |
| Sid Sanders Farmers Insurance Agent Choctaw | $815K | 0.2 mi |
| Nicholas Curto - 13125 NE 23rd St Choctaw | $815K | 0.2 mi |
| BOBBY LEWIS INSURANCE INC Choctaw · 6 employees | $1.6M | 1.1 mi |
| MCKELVEY INSURANCE AGENCY Choctaw · 4 employees | $709K | 1.2 mi |
| AAA Choctaw - Insurance/Membership Only Choctaw | $815K | 1.5 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 | $415K – $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 | $374K – $1.0M |
| EBITDA range | $144K – $392K |
| 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
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 State Farm Insurance
State Farm Insurance is an insurance agencies company in Choctaw, Oklahoma, in business since 1986. It is owned by Greg McIlvoy (Founder). Its estimated annual revenue is about $815K, with roughly $313K of EBITDA. Its estimated business value is $1.1M (likely range $415K–$1.7M).
Common questions
- Who owns State Farm Insurance?
- State Farm Insurance is owned by Greg McIlvoy (Founder), according to public sources such as the company's website or filings.
- How much revenue does State Farm Insurance make?
- SeeBITDA estimates State Farm Insurance'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 State Farm Insurance worth?
- About $1.1M, roughly 3.6× its estimated EBITDA of $313K, typical for a insurance agencies company its size. Likely range: $415K–$1.7M.
- When was State Farm Insurance founded?
- State Farm Insurance has been in business since 1986.
- Is State Farm Insurance for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 40 years (since 1986); founder still runs it after 40 years; family in the business (madeline mcilvoy, team member).