Brightway reaches $500 million in annualized written premium

Brightway Insurance has reached $500 million in annualized written premium, growing more than 12% last year, the company has announced. The firm began franchising in 2008, finishing that year with $38 million in premium.

“Our business results exceed our wildest dreams,” said Michael Miller, Brightway chairman and co-founder. “The results are a testament to what can be done when you build a business where all interests are aligned. Everything we do is designed to benefit our customers and franchisees. We won’t do anything that doesn’t have a win in it for each of those stakeholders. When you do that, you don’t need to convince anyone to do anything – they do the right thing because it is always in their best interests.”

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Brightway saw dramatic growth last year, including:

• Expanding into eight new states, bringing its total footprint up to 19 states.
• Growing the number of people in the Brightway system to 765, a 6% increase.
• Growing the share of franchises owned by franchisees who own more than one Brightway store by to 12%.

Brightway announced that it had crossed the $500 million mark at its annual Kick-Off Meeting, a yearly training and networking event.


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