14 LOS ANGELES BUSINESS JOURNAL MARCH 13, 2017

THE LIST Ranked by 2016 L.A. County revenueINSURANCE BROKERAGE FIRMS NEXT WEEK

The Largest Law Firms in L.A. County

L.A. County ($ in millions)Rank Brokerage• name

• address

• website

Revenue• 2016

• 2015

Premiums• 2016

• 2015

Insurers(partial list)

Major Lines Written(partial list)

Profile• parent company

• headquarters

• L.A. employees

• offices (L.A./total)

Top Local Executive• name

• title

• phone

1Arthur J. Gallagher & Co.505 N. Brand Blvd., Sixth FloorGlendale 91203ajg.com

$236.1$231.1

$2,031.3$2,019.4

all carriers all lines N/AItasca, Ill.7859/767

Scott J. FirestoneSouthwest RegionalPresident(818) 539-2300

2Lockton Insurance Brokers725 S. Figueroa St., 35th FloorLos Angeles 90017lockton.com

165.4158.6

2,200.02,142.3

all carriers all lines Lockton Cos.Kansas City, Mo.3002/80

Timothy J. NoonanCEO(213) 689-0500

3Auto Insurance Specialists17785 Center Court Drive North, Suite 250Cerritos 90703aisinsurance.com

88.086.0

547.0509.0

Mercury Insurance,Progressive, NationalGeneral, Infinity,Safeco, Kemper

auto, home, otherpersonal lines,commercial

Mercury Casualty Co.Cerritos5009/23

Mark A. RibisiCEO, President(800) 772-4247

4Keenan & Associates2355 Crenshaw Blvd., Suite 200Torrance 90501keenan.com

74.974.9

416.3416.3

N/A workers' compensation,medical, dental, property/liability, publicconstruction

N/ATorranceN/A1/9

Sean SmithCEO(310) 212-3344

5Hub International Insurance Services Inc.6701 Center Drive West, Suite 1500Los Angeles 90045hubinternational.com

57.455.2

692.4665.7

all carriers all lines Hub InternationalChicagoN/A3/400

Andrew ForchelliSr. Executive VicePresident(310) 568-5900

6Willis Towers Watson300 S. Grand Ave.Los Angeles 90071willistowerswatson.com

57.453.0

506.0476.0

all carriers all lines N/ALondonN/A2/N/A

Michael FoxMarket Leader, SouthernCalifornia(949) 253-5200

7Alliant Insurance Services Inc.333 S. Hope St., Suite 3750Los Angeles 90071alliant.com

56.936.1

463.1366.6

all major carriers all lines N/ANewport Beach882/88

Peter ArkleySr. Exec. V.P., Sr.Managing Director(213) 443-2440

8USI of California Inc.21700 Oxnard St., Suite 1200Woodland Hills 91367usi.com

50.947.1

614.5566.0

all major carriers property/casualty,employee benefits,private risk

USI HoldingsValhalla, N.Y.N/A1/140

Jeffrey F. LangExecutive Vice President(818) 251-3000

9Poms & Associates5700 Canoga Ave., Suite 400Woodland Hills 91367pomsassoc.com

46.646.5

254.4254.0

Blue Cross ofCalifornia, Blue Shieldof California, MunichAmerica, Hartford

all lines N/AWoodland HillsN/A2/5

David A. PomsPresident(818) 449-9300

10Wells Fargo Insurance USA Inc.21250 Hawthorne Blvd., Suite 600Torrance 90503wellsfargo.com/wfis

44.249.0

N/AN/A

all carriers group employee benefits,property/casualty,workers' compensation,401(k)

N/AChicagoN/A5/200

Andrew SkillenManaging Director,Greater L.A.(310) 543-9995

11Bolton & Co.3475 E. Foothill Blvd., Suite 100Pasadena 91107boltonco.com

42.840.1

582.8458.5

all major carriers property/casualty,employee benefits,personal lines, bonds

N/APasadena1592/4

Steve BrockmeyerCEO, President(626) 799-7000

12Total Financial & Insurance Services Inc.11835 W. Olympic Blvd., Suite 600Los Angeles 90064totalfinancial.com

34.629.7

N/AN/A

Lincoln Life, New YorkLife, Prudential, JohnHancock, VoyaFinancial Group

life insurance, foreignnationals, annuities,finance, professionalprograms

N/ALos AngelesN/A1/1

Diana Hudson-GreenbergCEO, President(310) 477-7500

13United Agencies Inc.301 E. Colorado Blvd., Suite 200Pasadena 91101unitedagencies.com

23.525.0

235.0225.0

all major carriers workers' compensation,business insurance,personal insurance,employee benefits

N/APasadenaN/A20/40

Gary ConkeyPresident(626) 535-8300

14Arroyo Insurance Services2900 W. BroadwayLos Angeles 90041arroyoins.com

21.721.1

N/AN/A

all major carriers commercial business,workers' compensation,employee benefits,professional liability

N/ALos AngelesN/A12/13

Bruce NewsomPresident(626) 792-7654

15SullivanCurtisMonroe550 S. Hope St., Suite 1000Los Angeles 90071sullicurt.com

16.214.5

176.0154.0

Chubb, Fireman'sFund, AIU, PacifiCare,Blue Cross

property/casualty,employee benefits,workers' compensation

N/AIrvine451/3

John MonroeManaging Partner(949) 250-7172

16Innovative Solutions Insurance Services200 N. Sepulveda Blvd., Suite 900El Segundo 90245isislife.com

14.016.6

14.016.6

all major carriers life insurance, annuities,long-term care anddisability insurance

N/AEl SegundoN/A1/1

Lynne RosenbergPresident(800) 551-8289

17Dickerson Employee Benefits InsuranceServices Inc.1918 Riverside DriveLos Angeles 90039dickersonbenefits.com

13.711.5

N/AN/A

Aetna, Anthem BlueCross, CaliforniaChoice, CoveredCalifornia, Health Net

medical, workers'compensation, property/casualty, voluntary/supplemental, dental,vision

N/ALos AngelesN/A1/2

Tony LeeCEO(800) 457-6116

18B&B Premier Insurance Solutions Inc.5008 Chesebro Road, Suite 200Agoura Hills 91301bbpremierins.com

12.311.0

84.878.6

Mercury Insurance,Capital Insurance Co.,Safeco Insurance,Golden Eagle

auto, construction,workers' compensation,apartment buildings,homeowners

Acrisure of CaliforniaCaledonia, Mich.461/1

Eric Bossuk, CEOSteve Brooks, President(818) 223-8383

19Grosslight Insurance Inc.1333 Westwood Blvd., Suite 200Los Angeles 90024grosslight.com

11.310.5

97.586.5

Travelers, GoldenEagle, Liberty Mutual,Capital InsuranceGroup, Hartford

commercial, personal,employee benefits

N/ALos AngelesN/A1/2

Steven B. SchiewePresident(310) 473-9611

20Epic Insurance Brokers and Consultants601 S. Figueroa St., Suite 3950Los Angeles 90017epicbrokers.com

10.18.1

113.670.8

all major carriers property/casualty,workers' compensation,executive risk, employeebenefits consulting

N/ASan Francisco242/33

Jim GilletteManaging Principal,Southern California(877) 650-3742

N/A - Not ApplicableNote: The information on this list was supplied by representatives of the brokeragesthemselves. Brokerages are ranked by 2016 L.A. County revenue from insurance brokerageservices. Numbers that appear to be tied have been rounded. Marsh and Aon may havequalified for this list, but declined to provide financial information.To the best of our knowledge, this information is accurate as of press time. While every effort

is made to ensure the accuracy and thoroughness of the list, omissions and typographicalerrors sometimes occur. Please send corrections or additions on company letterhead to theResearch Department, Los Angeles Business Journal, 5700 Wilshire Blvd., Suite 170, LosAngeles 90036. ©2017 Los Angeles Business Journal. This list may not be reprinted in wholeor in part without prior written permission from the editor. Reprints are available fromWright’s Media (877) 652-5295.

Researched by David Nusbaum

THE PACESETTER: Arthur J. Gallagher & Co. is the largest insurance brokerage firm ranked by 2016 L.A. County revenue. The company reported $236 million in revenue last year, up from $231 million in 2015. Premiums written in L.A. County surpassed $2 billion for the second consecutive year. Arthur J. Gallagher has 785 brokerage employees working in its nine local offices.

MERGER: Willis and Towers Watson merged last year to form Willis Towers Watson.

1

6

0

120

240

360

480

600

Regional Malls $4.15Lifestyle Centers 3.02Power Centers 2.87Neighborhood Ctrs. 2.33Single Tenant Bldgs. 2.05Strip Malls 1.60

Location DollarsThird quarter average asking rents by submarket for Class A office property.

Westside $3.73Downtown 3.15Tri-Cities 2.86Hollywood 2.78Santa Clarita 2.42Valley 2.27 Strip Malls 9.3%

Neighborhood Ctrs. 7.9Power Centers 7.5Lifestyle Centers 5Single Tenant Bldgs. 3.5Regional Malls 3.2

Central L.A. $0.50Mid-Counties 0.47North Los Angeles 0.55San Gabriel Valley 0.42South Bay 0.55

Central L.A. 4.6%Mid-Counties 5.0North Los Angeles 5.0San Gabriel Valley 5.5South Bay 5.5

’12 ’13 ’14 ’15 ’16*

$540

500

460

420

380

340

14 6*’15 ’1’1 ’1

Market Rebound

’12

0

0

0

0

13 ’1’1 ’10 ’11 ’12 ’13 ’14

4,600

4,500

4,400

4,300

4,200

4,100

4,000’12

4,578

4,456

4,289

4,146

4,068

14’13 ’1’1 ’1

Shaking Out

’10

0

0

0

0

0

0

0’11 ’1’1

2010 2011 2012 2013 2014

’12 ’13 ’14 ’15 ’16*

$75

60

45

30

15

0

14 6*’15 ’1’1 ’1’12

0

5

0

13 ’1’1

Net IncomeProperty/casualty insurance industry net income after taxes. (in billions)$35.1 63.8 55.5 56.6 31.8*2012 2013 2014 2015 2016

*Results for the first three quarters through Sept. 30, 2016.

Made MoneyNationwide premiums earned by the property/casualty insurance sector. (in billions)$449 468 488 506 391*2012 2013 2014 2015 2016

Source: Insurance Information Institute

Made Money

Net Income

Made MoneyNationwide premiums earned by the property/casualty insurance sector. (in billions)

Source: Insurance Information Institute

*Results for the first three quarters through Sept. 30, 2016.

14-16_list_insurance_brokers.indd 14 3/9/2017 4:44:34 PM

MARCH 13, 2017 THE LIST LOS ANGELES BUSINESS JOURNAL 15

INSURANCE BROKERAGE FIRMSL.A. County ($ in millions)Rank Brokerage

• name

• address

• website

Revenue• 2016

• 2015

Premiums• 2016

• 2015

Insurers(partial list)

Major Lines Written(partial list)

Profile• parent company

• headquarters

• L.A. employees

• offices (L.A./total)

Top Local Executive• name

• title

• phone

21CBIZ Benefits & Insurance Services Inc.10474 Santa Monica Blvd., Suite 200Los Angeles 90025cbiz.com

$7.8$4.2

$44.8$57.8

all carriers health, retirement, dental,group life, special risk lifeinsurance

CBIZ Inc.Cleveland651/58

Kevin GarrettPresident(949) 783-1797

22Burnham Benefits Insurance Services724 S. Spring St., Suite 1104Los Angeles 90014burnhambenefits.com

7.66.6

507.0552.0

Anthem, Blue Shield,Kaiser, Aetna, Cigna,Health Net, UNUM

medical, dental, vision,life, voluntary, accidents

N/AIrvineN/A1/6

Kristen M. AllisonCEO, President(213) 688-1616

23City Insurance Services3435 Wilshire Blvd., Suite 3000Los Angeles 90010city-insurance.com

7.27.0

75.070.0

Liberty Mutual,Hartford, Travelers,Am Trust, EmployersComp, Cigna

all lines N/ALos Angeles351/2

Brian JeungCEO(213) 387-6505

24Elkins/Jones Insurance Agency Inc.12100 Wilshire Blvd., Suite 300Los Angeles 90025elkinsjones.com

7.06.9

62.057.0

Fireman's Fund,Hartford, Chubb,California InsuranceGroup, Allied, Safeco

real estate (lessors risk),manufacturing, workers'compensation,homeowners

N/ALos Angeles252/2

Janet JonesPresident(310) 207-9796

25Tegner-Miller Insurance Brokers2001 Wilshire Blvd., Suite 101Santa Monica 90403tmib.com

6.56.4

56.753.4

Travelers, CNA,Hartford, Encompass,Mercury Casualty,Allied

commercial property,workers' compensation,homeowners, personalauto, earthquake

Acrisure of CaliforniaCaledonia, Mich.N/A1/1

Dave NelsonPrincipal(310) 828-9662

26PacFed Insurance Services Inc.1000 N. Central Ave., Suite 400Glendale 90212pacfed.com

5.75.6

195.0175.0

Kaiser, Health Net,United Health Care,Blue Shield, LibertyDental

employee benefits: largegroup, private health careexchanges and Taft-Hartley trust funds

Pacific FederalGlendale91/1

James GarrisonPresident(818) 243-0222

27Liberty Co. Insurance Brokers Inc.21820 Burbank Blvd., Suite 330Woodland Hills 91367libertycompany.com

5.55.3

50.048.0

Travelers, LibertyMutual, Allied,Mercury, Hartford,Philadelphia, Safeco

workers' compensation,package, general liability,homeowners, auto

N/AWoodland HillsN/A1/6

Jerry PickettCEO(818) 914-3960

28LBW Insurance and Financial Services28055 Smyth DriveValencia 91355lbwinsurance.com

4.95.1

44.446.5

Anthem Blue Cross,Hartford, Aetna, Swett& Crawford, BlueShield, Kaiser

commercial, workers'compensation, groupbenefits, personal,financial and retirement

N/AValencia351/1

Mitzi LikeCEO, President(661) 702-6000

29Gaspar Insurance Services Inc.5900 Canoga Ave., Suite 110Woodland Hills 91367gasparinsurance.com

4.83.4

30.023.0

Mercury, Hartford,Hanover, Travelers,CSE, Allied, Chubb,Nationwide

business packagepolicies, personal auto,personal homeowners,earthquake, medical

N/AWoodland Hills421/2

Timothy K. GasparCEO(818) 302-3060

30Peter C. Foy & Associates6200 Canoga Ave., Suite 325Woodland Hills 91367pcfoy.com

4.35.1

50.787.0

Anthem, Aetna,Hartford, State Fund,United Healthcare,Cigna, Blue Shield

benefit programs,business commercialinsurance, workers'compensation, health

N/AWoodland Hills221/1

Peter C. FoyCEO, President(818) 703-8057

N/A - Not Applicable Note: The information on this list was supplied by representatives of thebrokerages themselves. Brokerages are ranked by 2016 L.A. County revenue.

Researched by David Nusbaum

Continued on page 16

14-16_list_insurance_brokers.indd 15 3/9/2017 5:11:45 PM

16 LOS ANGELES BUSINESS JOURNAL THE LIST MARCH 13, 2017

Continued from page 15INSURANCE BROKERAGE FIRMS

It’s easier than ever to fi nd

The Communityof Business.TM

labusinessjournal.com

T H E C O M M U N I T Y O F B U S I N E S S ™

LOS ANGELES BUSINESS JOURNALL A B U S I N E S S J O U R N A L . C O M

Vol. 39, No. 5 January 30 – February 5, 2017 • $5.00

By DAINA BETH SOLOMON Staff Reporter

Dante Cardenas packages his oregano, sage, beets, and radishes in Vernon, but just a few years ago

he ran his business, E.D. Produce Inc., out of a low-slung warehouse in the Arts District. He sold the 9,900-square-foot space in 2014, once he realized its value had quadrupled over the $1 million dollars he paid for it just a few years previously.

“It’s better for me to have something

that I can leave for the future, perhaps to my children,” Cardenas said in Spanish. “Now, I have no thoughts of moving. We’re doing very well here.”

The property value is not likely to mul-tiply as it did in the Arts District, but there are other benefits to fleeing the hubbub of the fast-developing downtown neigh-borhood, with its apartments, offices, and eateries. His was among several companies that have taken flight to industrial centers in Vernon, Commerce, the City of Industry, and South Los Angeles.

“The location became challenging,” said Jae Yoo, a senior vice president at CBRE who marketed Cardenas’ warehouse. “It’s not only because the trucks have to compete against people walking on the streets, which becomes a danger and a liability. What they’re doing is thinking about the future.”

As property owners look ahead, many are landing fat paychecks from developers keen on razing or redeveloping old ware-houses, while lessees are finding themselves

Arts District industrial property owners sold on big paydays

Please see REAL ESTATE page 51

New Roots: Dante Cardenas at E.D. Produce

in Vernon.

RIN

GO

H.W

. CH

IU/L

AB

J

By GARRETT REIM Staff Reporter

Bot Home Automation Inc., maker of a video cam-era-rigged doorbell called Ring, last week raised a $109 million Series D round and said it is aiming for an initial public of-fering before the end of the year.

The Santa Monica firm has come a long way since Chief Executive Jamie Siminoff pitched the product on ABC reality TV contest “Shark Tank” and subsequently rejected a tight-fisted investment deal from one of the show’s

Ringer Makes D Series NoiseTECHNOLOGY: Bot Home’s $109 million feeds IPO buzz.

Please see TECHNOLOGY page 12

By HENRY MEIER Staff Reporter

As Snap Inc. moves closer to an expected initial public offering this spring, the Venice photo-shar-ing company is going through a rite of passage: de-fending itself against a slew of legal actions.

Lawsuits filed in the last sixth months include an array of complaints targeting the company be-hind the popular Snapchat app, including claims that parts of the tech unicorn’s underlying product infringe on patent holders’ intellectual property as well as allegations from a former executive that

Snap DecisionsINVESTMENT: Will tech giantfight suits to clear IPO path?

By GARRETT REIM Staff Reporter

Cloud Constellation Corp. has a far-flung idea.

As businesses and governments consid-er ways to protect data in light of increased cyberattacks and surveillance, the startup is offering them a chance to put their informa-

tion out of reach by storing it on servers within satellites or-biting the Earth.

While its system has yet to leave the ground, the compa-ny received a boost last month from Palo Alto commercial satellite manufacturer SSL, which has agreed to build Cloud Constellation’s sat-ellites and invested, along with other backers, an undisclosed sum in the Westwood company.

Cloud Constellation is projecting it will be able to launch its constellation of 14 low Earth-or-biting satellites by the first quarter of 2019.

“The advantage (of our system) is that the data that you are transmitting has no relationship or no exposure to the public networks,” said Cliff Beek, the company’s president. “There are leaks inside the network that we call the internet.”

Cloud Constellation is not alone in its pursuit of a space-based data storage and

Firm’s Data Storage Plan Out of This WorldINTERNET: Startups look to satellites for higher security.

Monthly cost to store 3 terabytes

of data in space.

$5,000

M A I L T O :

Green In Bag

Siminoff

LARRY BUSACCA/GETTY IMAGES

Targeted Tech: Snap Inc.’s Evan Spiegel.

Please see INTERNET page 51 Please see INVESTMENT page 52

FILMAwards season means increased ad spending across platforms.12 BANKING

Steven Sugarman’s exit from Banc of California opens up prime Santa Monica real estate.

REAL ESTATEPlans for two residential towers to be built at the L.A. Times site begin to take shape.3

A game-Changing Commercial Real Estate Platform.

West LA: ◆ www.ngkf.com

7season means

01_LABJ_01-30-17.indd 1 1/26/2017 11:37:07 PM

L.A. County ($ in millions)Rank Brokerage• name

• address

• website

Revenue• 2016

• 2015

Premiums• 2016

• 2015

Insurers(partial list)

Major Lines Written(partial list)

Profile• parent company

• headquarters

• L.A. employees

• offices (L.A./total)

Top Local Executive• name

• title

• phone

31Corporate Strategies Inc.21021 Ventura Blvd., Suite 200Woodland Hills 91364corpstrat.com

$3.7$3.5

$35.0$38.0

American General,Anthem, Health Net,Blue Shield, JohnHancock, Kaiser

accident and health,employee benefits, lifeinsurance, payroll and HRservices

CorpStratWoodland HillsN/A1/1

Martin LevyCEO, President(818) 377-7260

32ISU Olson Duncan Agency25550 Hawthorne Blvd., Suite 203Torrance 90505olsonduncan.com

3.63.6

31.030.0

Travelers, LibertyMutual, Hartford,Mercury, Safeco

property, liability,automobile, professional,group health

N/ATorranceN/A1/1

Mark F. DuncanPresident(310) 373-6441

33Leavitt Insurance Services of Los Angeles21820 Burbank Blvd., Suite 300Woodland Hills 91367leavitt.com

3.53.5

72.072.0

all major carriers all lines Leavitt GroupCedar City, UtahN/A1/125

Teri S. FrankelManaging Principal(818) 593-7001

34Montage Insurance Solutions5550 Topanga Canyon Blvd., Suite 310Woodland Hills 91367montageinsurance.com

3.22.3

48.935.4

all carriers all lines Danone SimpsonInsurance ServicesWoodland Hills25; 1/1

Danone SimpsonCEO, President(818) 676-0044

35Jaffe Insurance Agency13160 Mindanao Way, Suite 204Marina del Rey 90292jaffeinsurance.com

3.13.0

19.619.1

Encompass, Travelers,Mercury, CNA, Pure,AIG, Chubb,Employers

homeowners, auto,earthquake, umbrella,commercial property,workers' compensation

N/AMarina del ReyN/A1/2

Craig E. JaffeVice President, COO(310) 827-5050

36Olympic Insurance Agency1906 W. Burbank Blvd.Burbank 91506olympicinsurance.com

2.72.7

29.728.7

Chubb, Travelers,Liberty Mutual,Hartford, EverestNational, BHHC, ICW

workers' compensation,group health, property,liability, auto,management liability

N/ABurbank141/2

Donald S. BarberiePresident(818) 843-4314

37Timothy Cline Insurance Agency Inc.12400 Wilshire Blvd., Suite 200Los Angeles 90025timothycline.com

2.62.6

20.320.0

Travelers, Hanover,Dongbu, Granite State,Liberty Mutual,Philadelphia, AmTrust

earthquake, property/casualty, crime, umbrella,workers' compensation,flood

N/ALos Angeles121/1

Timothy ClinePresident(800) 966-9566

38Really Great Employee Benefits21515 Vanowen St., Suite 200Canoga Park 91303rgeb4u.com

2.22.2

37.136.6

Aetna, Anthem BlueCross, Blue Shield,Health Net, Kaiser,United HealthCare

health, dental, vision, life,disability

N/ACanoga Park161/1

Barry S. CohnCEO, President(818) 444-7722

39Crescenta Valley Insurance3156 Foothill Blvd., Suite ALa Crescenta 91214cvins.com

2.12.0

18.416.7

Mercury InsuranceGroup, Travelers,Safeco, Hartford,Liberty Mutual

auto, home, apartmentowners, homeownerassociations, restaurants

N/ALa CrescentaN/A1/1

Rick DingerPresident(818) 248-4500

40ISU Vansa Insurance Services12155 Riverside DriveValley Village 91607isuvansa.com

1.91.9

12.913.5

Allied, Hartford,Safeco, LibertyMutual, PharmacistsMutual, Hanover

workers' compensation,commercial, professionalliability, homeowners,auto

N/AValley Village71/1

Jerry Vande SandePresident(818) 763-9365

N/A - Not Applicable Note: The information on this list was supplied by representatives of thebrokerages themselves. Brokerages are ranked by 2016 L.A. County revenue.

Researched by David Nusbaum

0

120

240

360

480

600

Regional Malls $4.15Lifestyle Centers 3.02Power Centers 2.87Neighborhood Ctrs. 2.33Single Tenant Bldgs. 2.05Strip Malls 1.60

Location DollarsThird quarter average asking rents by submarket for Class A office property.

Westside $3.73Downtown 3.15Tri-Cities 2.86Hollywood 2.78Santa Clarita 2.42Valley 2.27 Strip Malls 9.3%

Neighborhood Ctrs. 7.9Power Centers 7.5Lifestyle Centers 5Single Tenant Bldgs. 3.5Regional Malls 3.2

Central L.A. $0.50Mid-Counties 0.47North Los Angeles 0.55San Gabriel Valley 0.42South Bay 0.55

Central L.A. 4.6%Mid-Counties 5.0North Los Angeles 5.0San Gabriel Valley 5.5South Bay 5.5

’12 ’13 ’14 ’15 ’16*

$540

500

460

420

380

340

14 6*’15 ’1’1 ’1

Market Rebound

’12

0

0

0

0

13 ’1’1 ’10 ’11 ’12 ’13 ’14

4,600

4,500

4,400

4,300

4,200

4,100

4,000’12

4,578

4,456

4,289

4,146

4,068

14’13 ’1’1 ’1

Shaking Out

’10

0

0

0

0

0

0

0’11 ’1’1

2010 2011 2012 2013 2014

’12 ’13 ’14 ’15 ’16*

$75

60

45

30

15

0

14 6*’15 ’1’1 ’1’12

0

5

0

13 ’1’1

Net IncomeProperty/casualty insurance industry net income after taxes. (in billions)$35.1 63.8 55.5 56.6 31.8*2012 2013 2014 2015 2016

*Results for the first three quarters through Sept. 30, 2016.

Made MoneyNationwide premiums earned by the property/casualty insurance sector. (in billions)$449 468 488 506 391*2012 2013 2014 2015 2016

Source: Insurance Information Institute

Made Money

Net Income

Net IncomeProperty/casualty insuranceindustry net income after taxes. (in billions)

Source: Insurance Information Institute

*Results for the first three quarters through Sept. 30, 2016.

14-16_list_insurance_brokers.indd 16 3/9/2017 4:44:42 PM