Every valuation and business plan we prepare is exclusively for independent insurance agency owners. In fact, for 124 years we have been serving independent insurance agents in their business development and growth plans.
Our valuation team has a collective 60 years of experience in the industry and will serve as your trusted advisor on your journey to optimize your agency’s value.
IA Valuation’s mission is valuation-based planning to help owners realize and maximize their value. Our goal is to maximize and protect the value of the IA system.
We will provide you with a professional, comprehensive, and unbiased understanding of your agency’s value, risk factors, and growth.
You wouldn’t leave money on the table anywhere else… so why would you do it with your agency? Basing your agency’s value on industry folklore can be costly. Simply believing that your agency is worth some multiple of revenue (2x) could be an expensive mistake. So many factors go into a true calculation of agency value. Don’t guess on your agency’s value. Get a professional analysis and complete a valuation.
Here are just a few reasons why you should get started with a valuation:
1. Time is incredibly valuable to you and your agency. Knowing your value and what drives your value is powerful. The earlier you gain this understanding, the more time you have to increase your agency value.
2. Take action by utilizing these practical examples. We will discuss several insights and the practical steps you can take today to increase your agency’s value. We shared how reallocating resources and investing in your agency can significantly improve your agency’s value over time. It is much like the time value of money when investing in stocks - the earlier you invest, the greater the potential return. There are several key areas where you can make investments in your agency to drive your value up.
3. Every agency needs to have a plan. Your agency is most likely your biggest asset and may even represent your life’s work. It needs to be protected. The best way to do that is to have a thoughtful plan for the future. We have resources and expertise available to help you every step of the way as you build the plan that is right for your agency. This is one of the many resources that we have built to help our agents continue to flourish. Our team is excited about your future and want to be a part of giving you as many options as possible as you plan for the future of your agency.
Craig is OIA and IA Valuation’s seasoned Director of Business planning and Valuations. With more than a decade of financial and operational consulting experience with independent agents and brokers, he has spent most of his career specializing in valuations and perpetuation planning.
Craig joined OIA in 2017 and has performed over 200 valuations since joining and more than 300 throughout his career. Craig holds a BA in Economics from Ohio Wesleyan University, an MBA in Finance from the University of Iowa, and earned the prestigious Certified Valuation Analyst designation (CVA).
Craig’s experience, expertise, and specialization in independent insurance agencies and brokers makes him an invaluable asset for agency owners across the country.
Luke Hippler is the newest member of OIA’s IA Valuations team joining us as the Business Planning and Valuations Analyst. He has joined us fresh off his graduation from John Carroll University in Cleveland, OH with a BA in Finance and Master’s in Business Administration. Luke will be working directly with Craig, assisting, learning, and gaining experience in the valuations world until he is able to receive his Certified Valuations Analyst designation. He is eager to learn this industry and get out on the road to meet all the amazing independent agents we serve every day!
Jeff Smith serves as Chief Executive Officer for OIA and IA Valuations. He is responsible for leading the organization’s strategic initiatives and day to day operations. As CEO of IA Valuations, Smith has consulted and reviewed over 200 agency valuations for independent agents across the US. Smith provides insights into the agency’s operations, risk factors, and legal guidance on how to perpetuate and maximize value in a sale.
Smith graduated with honors from Kent State University and Capital University Law School with a concentration in government relations. He is a licensed P&C insurance agent, Certified Insurance Counselor Designee, Attorney, and Certified Association Executive. Smith is an active member of the Ohio State Bar Association Insurance Committee, Ohio Society of Association Executives, and Ohio Lobbying Association.