Established Allstate Exclusive agency in Newport County, Rhode Island, serving a coastal catchment with reach into the Providence metro (~20 miles) and the Fall River, MA market. Carrier-verified financials; all commission income confirmed through Allstate commission statements rather than agency records alone.

THE BOOK
3,182 Allstate policies in force plus 150 Ivantage specialty items. $6,600,396 in written premium on a rolling twelve months. Mix is 54% property / 46% auto: Standard Auto 1,391 · Homeowners 1,135 · Other Specialty Property 343 · Renters 192 · Specialty Auto 73 · Condo 48. Q1 2026 written premium is up 3.11% year over year.

FINANCIALS
Annualized commission revenue of $634,393. Seller's discretionary earnings of $289,325. Normalized EBITDA of $217,722 (34.3% margin) after adjusting owner compensation to a market-rate replacement salary — meaning the margin holds even for a buyer who hires a manager rather than working the desk.

WHY THE BOOK IS DURABLE
Policy retention of 89.26% and net retention of 89.99%, against an industry average near 85%. Homeowners retention runs 93.57%. Rhode Island's coastal exposure drives above-average homeowners penetration, and HO policies are the stickiest and highest-premium part of a personal lines book. The 31.9% loss ratio, roughly half the industry benchmark, reflects disciplined risk selection and protects carrier bonus compensation rather than putting it at risk of clawback.

OPERATIONS
Two tenured licensed staff, both expected to remain post-close. Carrier appointments, AMS systems, and Allstate's lead tools and national brand transfer intact. Office rent runs $18,000 annually. Seller provides a structured 90-day transition plus 30 days of post-close consultation at no additional cost.

GROWTH LEVERS
The Ivantage specialty book is compounding on its own — $169,939 in force, up 13.2% year over year, with Dwelling Fire and Manufactured Home both up better than 23%. Territory and market premium are growing 19.5% and 18.2% respectively. Commercial lines remain entirely unwritten against an existing 3,182-household base, and life and financial cross-sell is similarly open.