Rod C. Chew Insurance Agency, Inc.
How we got $2.9M
Based on its 8 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 25 years (since 2001)
- 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
State Farm insurance agency in Oklahoma City offering personalized coverage for individuals, families and local businesses, with services in English and Spanish.
From the company's website. Industry: Insurance agencies.
Customers & suppliers
Suppliers & brands
- State Farm · brand it sells or installs
Estimated value over time
▲ 30% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Employees over time
▲ 25% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 8 | $1.4M |
| 2020 | Form 5500 | 6 | $1.1M |
| 2021 | Form 5500 | 7 | $1.3M |
| 2022 | Form 5500 | 7 | $1.3M |
| 2023 | Form 5500 | 6 | $1.1M |
| 2024 | Form 5500 | 9 | $1.6M |
| 2025 | Form 5500 | 10 | $1.8M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| ROD C. CHEW INSURANCE AGENCY, INC. this business | $2.2M | — |
| SUMMIT CLAIM & APPRAISAL, INC Oklahoma City · 5 employees | $1.4M | 0.1 mi |
| JOHN F. BROWN ENTERPRISES, INC. Oklahoma City · 6 employees | $1.1M | 0.1 mi |
| Zachary Tyler Porter: Primerica - Financial Services Oklahoma City | $806K | 0.2 mi |
| Green Industry Risk Partners Oklahoma City | $806K | 0.2 mi |
| 4M INSURANCE SOLUTIONS Oklahoma City · 5 employees | $743K | 0.2 mi |
| Americlaim Oklahoma City | $806K | 0.2 mi |
The full calculation
| Employees reported to the SBA | 8 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.6M |
| Estimate: the two combined (geometric mean) | $2.2M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $651K |
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 | $2.9M |
| Multiple for this size and industry | 4.5× |
| Value range | $1.5M – $4.0M |
| Revenue range | $1.4M – $2.5M |
| EBITDA range | $428K – $742K |
| Industry (NAICS) | Insurance Agencies and Brokerages (524210) |
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. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
“I'm Rod Chew, a proud to be a second-generation State Farm Agent, with a career in insurance that began in 1990.”
Advisors
- BankingMidFirst BankPPP / SBA lender
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.
Banking relationships
| MidFirst Bank PPP 2020 | All 2,403 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/13/2020 | first | $113K | 8 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Rod C. Chew Insurance Agency, Inc.
Rod C. Chew Insurance Agency, Inc. is an insurance agencies company in Oklahoma City, Oklahoma, in business since 2001. It is owned by Rod Chew (State Farm Agent and agency owner). Its estimated annual revenue is about $2.2M, with roughly $651K of EBITDA. It has about 10 employees. Its estimated business value is $2.9M (likely range $1.5M–$4.0M).
Common questions
- Who owns Rod C. Chew Insurance Agency, Inc.?
- Rod C. Chew Insurance Agency, Inc. is owned by Rod Chew (State Farm Agent and agency owner), according to public sources such as the company's website or filings.
- How much revenue does Rod C. Chew Insurance Agency, Inc. make?
- SeeBITDA estimates Rod C. Chew Insurance Agency, Inc.'s annual revenue at about $2.2M (likely between $1.4M and $2.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Rod C. Chew Insurance Agency, Inc. worth?
- About $2.9M, roughly 4.5× its estimated EBITDA of $651K, typical for a insurance agencies company its size. Likely range: $1.5M–$4.0M.
- How many employees does Rod C. Chew Insurance Agency, Inc. have?
- About 10, from its 2025 retirement-plan filing.
- When was Rod C. Chew Insurance Agency, Inc. founded?
- Rod C. Chew Insurance Agency, Inc. has been in business since 2001.