SeeBITDAOklahoma

Swearengin Insurance Agency, Inc.

Insurance agencies
Company websiteswearenginnow.comFind on LinkedInSearch LinkedIn for this company
Estimated valueMedium confidence
$1.1M
$568Klikely range$1.5M
About 3.6× its yearly profit, typical for a company this size in its industry.
Revenue
$914K
a year
Profit (EBITDA)
$300K
33% of revenue
Employees
6
reported in 2020
Leadership
Mark Swearengin
Business Owner · source · confirmed by 2 sources
Likely to sell
Has a management team. Someone besides the owner runs part of the business, which buyers pay more for.

How we got $1.1M

Based on its 6 employees and its payroll, both reported for PPP in 2020 and brought up to date.

6 employees × $177K each$1.1M
PPP payroll ÷ payroll's usual share of revenue$604K
Shown toward the top of its range×1.14
Revenue$914K
× 33% profit margin$300K
× 3.6 sale multiple = value$1.1M

· Own this business? Correct these figures

Estimated value over time

▲ 30% since 2020
$0$621K$1.2M20202026

Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.

What we know

PPP loan, 2020
No 401(k) filing
No reported financials
Company website
Owner named

Signs of a sale Likely to sell

  • In business 88 years (since 1938)
  • 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

Swearengin Insurance Agency is an independent insurance agency in Durant, Oklahoma, offering personal and commercial insurance coverages and quotes to clients in Oklahoma.

Products & services
Auto InsuranceHomeowners InsuranceCollector CarBoat & WatercraftFlood InsuranceEarthquakeSR 22Manufactured / Mobile HomeIndividual AnnuitiesPersonal UmbrellaFarm & RanchGeneral Liability
Markets served
Personal insuranceBusiness insuranceFarm & RanchChurchAgribusiness
Service area
DurantOklahomaAtokaCaddoCaleraKingstonMead
Certifications
Licensed in Oklahoma

From the company's website. Industry: Insurance agencies.

Customers & suppliers

Suppliers & brands

  • State Wide-Harbor · brand it sells or installs
  • Great North West · brand it sells or installs
  • Equity Insurance · brand it sells or installs
  • FarmAssure · brand it sells or installs
  • Lloyds · brand it sells or installs
  • Union Mutual · brand it sells or installs
  • Allstate · brand it sells or installs
  • American Modern · brand it sells or installs
  • CNA · brand it sells or installs
  • CNA Surety · brand it sells or installs
  • Columbia Lloyds · brand it sells or installs
  • CompSource · brand it sells or installs
  • Foremost · brand it sells or installs
  • Imperial PFS · brand it sells or installs
  • MDOW · brand it sells or installs

Possible customers nearby

The largest businesses within about 60 miles in the markets its website says it serves.

Farms & ranches
Churches & nonprofits

Compared with similar businesses nearby

BusinessEst. revenueEst. profitDistance
SWEARENGIN INSURANCE AGENCY, INC.
this business
$914K$300K—
Truchoice Benefit Specialists
Durant
$815K$313K0.1 mi
Hatch Insurance Group
Durant
$815K$313K0.1 mi
Heritage Fidelity Insurance Group
Durant
$815K$313K0.1 mi
Watkins Insurance
Durant
$815K$313K0.1 mi
Durant Insurance Center
Durant
$815K$313K0.3 mi
Farmers Insurance - Joe Dayton Booth
Durant
$815K$313K0.4 mi

The full calculation

Employees reported to the SBA6
Revenue from headcount (employees × revenue per employee for companies this size)$1.1M
Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size)$604K
Estimate: the two combined (geometric mean)$914K
EBITDA margin (industry, adjusted for size)33%
EBITDA = revenue × margin$300K

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 industry3.6×
Value range$568K – $1.5M
Revenue range$601K – $1.0M
EBITDA range$197K – $342K
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

History & advisors

Founded 1938Family-owned
“We are the oldest Independent Insurance Agency in Durant and having been providing the highest level of customer service since we opened our doors in 1938.”

Advisors

  • BankingShamrock Bank, National AssociationPPP / 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

Shamrock Bank, National Association
PPP 2020, PPP 2021
All 130 borrowers →

From PPP and SBA loan records, which name the bank but not the individual banker.

PPP loans

ApprovedDrawAmountForgivenJobsLender
4/15/2020first$26K$26K6Shamrock Bank, National Association
3/20/2021second$27K$27K6Shamrock Bank, National Association

Public records

Matched to this business by name and address from public government data; a match can occasionally be wrong.

About Swearengin Insurance Agency, Inc.

Swearengin Insurance Agency, Inc. is a family-owned insurance agencies company in Durant, Oklahoma, in business since 1938. It is owned by Mark Swearengin (Business Owner). Its estimated annual revenue is about $914K, with roughly $300K of EBITDA. It has about 6 employees. Its estimated business value is $1.1M (likely range $568K–$1.5M).

Common questions

Who owns Swearengin Insurance Agency, Inc.?
Swearengin Insurance Agency, Inc. is owned by Mark Swearengin (Business Owner), according to public sources such as the company's website or filings.
How much revenue does Swearengin Insurance Agency, Inc. make?
SeeBITDA estimates Swearengin Insurance Agency, Inc.'s annual revenue at about $914K (likely between $601K and $1.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
What is Swearengin Insurance Agency, Inc. worth?
About $1.1M, roughly 3.6× its estimated EBITDA of $300K, typical for a insurance agencies company its size. Likely range: $568K–$1.5M.
How many employees does Swearengin Insurance Agency, Inc. have?
About 6, as reported on its PPP loan.
When was Swearengin Insurance Agency, Inc. founded?
Swearengin Insurance Agency, Inc. has been in business since 1938.
Is Swearengin Insurance Agency, Inc. for sale?
There's no public listing, but it shows signs that often come before a sale: in business 88 years (since 1938); no family successor named on its website.