Moody Insurance Agency

Background

Founded in 1972 by Evan and Karen Moody, Moody Insurance Agency is a family-owned, independent insurance brokerage headquartered in Denver, Colorado. Over the past five decades, the agency has expanded its presence with offices in Grand Junction and Colorado Springs, solidifying its role as a trusted resource for businesses, employees, and families throughout the Rocky Mountain region. The agency's mission is to provide specialized risk management solutions, insurance, bonding, employee benefits, and personal lines, ensuring clients receive comprehensive coverage and support.

Key Strategic Focus

Moody Insurance Agency specializes in delivering tailored risk management solutions across various sectors, with a significant emphasis on the construction industry, which accounts for approximately half of its business. The agency also serves clients in the energy, real estate, and education sectors. By leveraging deep industry knowledge and strong relationships, Moody Insurance offers customized insurance products, bonding services, employee benefits, and personal lines to meet the unique needs of its clientele.

Financials and Funding

As of November 2024, Moody Insurance Agency reported annual revenues of approximately $35 million, with a workforce of around 166 employees. The agency's consistent growth and financial stability have enabled it to invest in expanding its services and geographic reach.

Technological Platform and Innovation

Moody Insurance Agency integrates various technologies to enhance operational efficiency and client service. The agency's tech stack includes:

Microsoft Clarity: For user behavior analytics.

Google Cloud: For scalable infrastructure solutions.

Facebook Pixel: For marketing analytics.

jQuery and Modernizr: For dynamic web functionalities.

PHP: For robust web development.

These technologies support the agency's commitment to delivering efficient and responsive services to its clients.

Leadership Team

Moody Insurance Agency's leadership comprises experienced professionals dedicated to the company's growth and client satisfaction:

Evan Moody: Chief Executive Officer and Founder.

Brad Moody: President, overseeing strategic initiatives and daily operations.

Troy Moody: Chief Operating Officer, managing operational efficiencies and client services.

Jim Smallwood: President of Employee Benefits, leading the employee benefits division.

Kim Burkhardt: Chief Sales Officer, directing sales strategies and business development.

Patty McQuade: Vice President and Chief Information Officer, overseeing information technology and systems.

Don Aberbook: President of Commercial Lines and General Counsel, managing commercial insurance lines and legal affairs.

Milissa Morgan: Chief Financial Officer, responsible for financial planning and management.

Tony Dodd: Chief Risk Officer, focusing on risk assessment and mitigation strategies.

This team brings a wealth of experience and expertise, ensuring the agency's continued success and client satisfaction.

Competitor Profile

Market Insights and Dynamics

The insurance brokerage industry is highly competitive, with numerous firms offering a range of services. Moody Insurance Agency's focus on specialized risk management solutions and its strong presence in the construction sector provide a competitive edge. The agency's commitment to personalized service and deep industry knowledge positions it favorably in the market.

Competitor Analysis

Key competitors include:

Liberty Insurance Agency: A mid-sized agency with a revenue range of $10M-$50M, offering similar services.

Compass Insurance Group: Another mid-sized competitor in the same revenue bracket, providing comprehensive insurance solutions.

Moody Insurance Agency's emphasis on client relationships and industry-specific expertise differentiates it from these competitors.

Strategic Collaborations and Partnerships

In 2015, Moody Insurance Agency acquired Odell & Associates, a Denver-based business insurance planning firm specializing in employee benefits and retirement planning. This acquisition enhanced Moody's capabilities in the employee benefits sector, allowing the agency to offer a more comprehensive suite of services to its clients.

Operational Insights

Moody Insurance Agency's strategic focus on the construction industry, coupled with its family-owned structure, fosters strong client relationships and a personalized approach to service. The agency's commitment to community involvement, such as hosting annual charity events, further strengthens its reputation and client loyalty.

Strategic Opportunities and Future Directions

Looking ahead, Moody Insurance Agency aims to continue its growth by expanding its service offerings and geographic reach. The agency's strong financial position and experienced leadership team position it well to capitalize on emerging opportunities in the insurance market.