The Iroquois Group has announced unprecedented growth in contingency revenues for its members. Total contingency revenue earned on 2021 results grew by more than 30 percent, on top of an earlier record set in 2020. Iroquois’ leadership credits its success to the performance of its 2,400 agency members driving profitable growth to a core group of insurance carrier-partners.
“Iroquois’ long-term strategy of building profitable partnerships between our member agencies and core carrier partners has clearly paid off,” said executive officer Matt Ward. “Beyond earning our highest bonus payouts ever, our members produced a record $400 million in new business with our carrier-partners in 2021, generating strong organic growth in Small Commercial, Middle Market, and preferred personal lines.”
“Superior bonus revenues help our members reinvest in their businesses and incent them to drive even more profitable growth to our carriers, so everyone wins,” Ward said.
Iroquois has grown to over 2,400 member agencies in 48 states who collectively write more than $2 billion in premium through Iroquois’ contracts with a select group of carriers. For 45 years, Iroquois has helped agencies grow their revenues and strengthen their independence.
Source: Iroquois Group
