Main Rhode Insurance Agency
Tiverton, RI
Asking Price:
$1,250,000Business Description
Main Rhode Insurance Agency (MRI Agency) is an established Allstate Exclusive agency operating in Tiverton, RI. The agency serves Newport County with dual catchment extending into Providence and the Fall River, MA market. With 3,182 policies in force across personal lines including Auto, Homeowners, Renters, Condo, and Ivantage Specialty.
Key Opportunities
Scalability
Leverage Allstate’s marketing support, digital tools, and national advertising to grow the book through new policies, life/financial services cross-sales, and performance-based bonuses.
Untapped Commercial Upside
Commercial lines remain entirely untapped — a clear, low-risk organic growth lever. The Ivantage specialty book grew +13.2% YoY, demonstrating appetite for expansion.
Recurring Revenue
89.26% policy retention and 89.99% net retention — 4 to 5 points above the 84-86% industry average — delivers consistent, predictable cash flow. The Homeowners book retains at 93.57%, the highest in the portfolio.
Turnkey Transition
Two tenured licensed staff members are expected to remain post-close. All carrier appointments, AMS systems, and lead infrastructure transfer intact. A 30-day seller consultation is included at no additional cost, ensuring Day 1 revenue continuity with zero operational rebuild risk.
Best-in-Class Loss Ratio
31.9% adjusted paid loss ratio — nearly half the ~62% industry benchmark — signals disciplined underwriting, favorable carrier standing, and a book with strong long-term renewal economics.
Detailed Information
Location: Tiverton, RI
Company: MRI Agency — Allstate Exclusive NE Model
Years in Business: Established — current metrics as of March 2026
Current Agency Staffing: 2 tenured licensed staff — expected to remain post-close
Earned Premium: $6.60M across all lines
Bank Financing Available: Lender-ready diligence package fully prepared; SBA 7(a) eligible
Seller Financing Available: Open to negotiations.
Book of Business:
Detailed Financial Reports: Comprehensive P&L, carrier-verified commission statements, and agency metrics available under NDA
Ad#:
The information in this listing has been provided by the business seller or representative stated above. Boldline Partners has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness. Read Boldline Partners's Terms of Use before responding to any ad. Learn how to avoid scams.