Wichita National Life Insurance Company
How we got $20.5M
Based on its 12 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 69 years (since 1957)
From public records and the company's website, not a statement that it's for sale.
What they do
Wichita National Life Insurance offers Multi-Year Guaranteed Annuities (MYGAs) with a fixed rate for a chosen term, aimed at retirees, pre-retirees and financial professionals. It is rated B+ by AMBest and was founded in 1957.
From the company's website. Industry: Direct Life Insurance Carriers.
Estimated value over time
▲ 15% 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
Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 12 | $14.4M |
| 2020 | Form 5500 | 9 | $10.8M |
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 |
|---|---|---|
| WICHITA NATIONAL LIFE INSURANCE COMPANY this business | $16.8M | — |
| FAMILY AND BUSINESS INSURANCE AGENCY Lawton · 1 employees | $968K | 1.5 mi |
| KK MORGAN INC Lawton · 5 employees | $2.4M | 1.6 mi |
| CASEY ESTEP INSURANCE AGENCY, INC Lawton · 3 employees | $2.1M | 2.7 mi |
| CHRIS MIDDICK INSURANCE AGENCY INC. Lawton · 3 employees | $2.4M | 3.9 mi |
| MOLLETT-HUNTER CO., INC Chickasha · 7 employees | $6.1M | 40.2 mi |
| LONNIE PAXTON INSURANCE AGENCY LLC Tuttle · 3 employees | $2.1M | 57.8 mi |
The full calculation
| Employees reported to the SBA | 12 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $15.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $13.7M |
| Estimate: the two combined (geometric mean) | $16.8M |
| EBITDA margin (industry, adjusted for size) | 22% |
| EBITDA = revenue × margin | $3.7M |
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 | $20.5M |
| Multiple for this size and industry | 5.5× |
| Value range | $10.8M – $28.1M |
| Revenue range | $11.1M – $19.2M |
| EBITDA range | $2.5M – $4.3M |
| Industry (NAICS) | Direct Life Insurance Carriers (524113) |
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
Leadership
- RPRon ParkerSigned for the company · 2020 retirement-plan filing (Form 5500)
Advisors
- BankingThe First National Bank in MarlowPPP / 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
| The First National Bank in Marlow PPP 2020 | All 37 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/4/2020 | first | $140K | 12 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Wichita National Life Insurance Company
Wichita National Life Insurance Company is a direct life insurance carriers company in Lawton, Oklahoma, in business since 1957. Its estimated annual revenue is about $16.8M, with roughly $3.7M of EBITDA. It has about 9 employees. Its estimated business value is $20.5M (likely range $10.8M–$28.1M).
Common questions
- Who owns Wichita National Life Insurance Company?
- The owner of Wichita National Life Insurance Company isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Wichita National Life Insurance Company make?
- SeeBITDA estimates Wichita National Life Insurance Company's annual revenue at about $16.8M (likely between $11.1M and $19.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Wichita National Life Insurance Company worth?
- About $20.5M, roughly 5.5× its estimated EBITDA of $3.7M, typical for a direct life insurance carriers company its size. Likely range: $10.8M–$28.1M.
- How many employees does Wichita National Life Insurance Company have?
- About 9, from its 2020 retirement-plan filing.
- When was Wichita National Life Insurance Company founded?
- Wichita National Life Insurance Company has been in business since 1957.