The MGA market has had to navigate a challenging environment over the past 12 months, with profitability under pressure from rising costs, capacity constraints, and a softening market.
Yet despite these headwinds, the MGAs featured in the Insurance DataLab MGA Performance Report 2025 – launching at this week’s MGAA Conference – have delivered a strong set of results, driven by record productivity and a standout showing from mid-sized firms.
The average MGA Rating for 2025 held steady at 53.4%, matching last year’s score despite declines in both profitability and growth. While the Profitability and Growth Ratings slipped slightly, MGAs improved their Productivity Rating to 57.6% – the highest since Insurance DataLab began tracking the market. Average revenue per employee rose 8% to more than £180,000, with staff costs holding firm at 41% of revenue.
Medium-sized MGAs (with revenues between £5m and £15m) were the best-performing segment in this year’s analysis, after their average rating climbed to 53.6%, up some six percentage points in just two years.
We explore the trends behind this performance in the full report and in our upcoming webinar, The MGA Evolution: Navigating the Next Phase, taking place on 10 July at 11am.
Hosted by Insurance DataLab co-founder Dan King, the session will feature expert insights from:
- Melissa Collett, chief executive, Insurtech UK
- Mike Keating, chief executive, MGAA
- Philippe Gouraud, chief executive, Rising Edge
- Jaime Swindle, chief executive, Geo Underwriting Services
- Matt Scott, co-founder, Insurance DataLab
Everyone who registers will receive a free copy of the report via the July edition of our monthly newsletter, which will also include a recording of the session.
Free copies of the report will also be available from the Insurance DataLab stand (68) at next week’s MGAA Conference, where the team will be on hand to answer any questions.