1. An Insurance Agency Valuation Model.
- Author
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Davis, Harry M. and Wood, David D.
- Subjects
- *
INSURANCE companies , *FINANCIAL institutions , *VALUATION , *DISCOUNTED cash flow , *CAPITAL investments - Abstract
This article discusses the valuation of independent insurance agencies and presents a spreadsheet model used for that purpose. The authors consider the reasons and purposes for agency valuation, review previous literature concerning agency valuations, and discuss the discounted cash flow method of valuation. The model is based on the use of spreadsheet software and provides the flexibility to handle numerous assumptions. [ABSTRACT FROM AUTHOR]
- Published
- 2004