Magnum Insurance Services
F5 Insurance Solutions (operating as Magnum Insurance Services among other legacy names) is an independent insurance broker based in Greenville, Texas, placing personal and commercial policies through 12 carrier partners for SMB and individual customers in Texas, Oklahoma, and Colorado.
- Company typePrivate
- Founded2019
- HeadquartersLone Oak, United States
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What Magnum Insurance Services does
F5 Insurance Solutions is an independent insurance agency and broker headquartered in Greenville, Texas, founded in 2019 by Matt Frierson through the acquisition of the 60+ year-old JL Green Insurance. The firm operates under multiple legacy trade names absorbed via roll-up acquisitions, including Magnum Insurance Services, Walker Insurance, McCaw Insurance, and Lake Conroe Insurance Services, and added Ballard Insurance Agency of Paris, Texas in July 2025. It holds appointments with 12 diversified insurance carriers spanning personal lines (e.g., Progressive, Safeco, Liberty Mutual) and commercial lines (e.g., Travelers, The Hartford, Texas Mutual, Acuity), enabling multi-carrier quoting rather than running any proprietary technology platform.
The agency serves two horizontal customer segments: individuals and families needing personal coverage (auto, home, farm, flood, renters, recreational vehicles, umbrella), and small-to-mid-sized businesses needing commercial coverage (contractors general liability, workers compensation, surety and commercial bonds, business auto, trucking, office, professional liability, fleet). It markets itself as a Best Practices Agency (one of approximately 350 in the United States) and serves Texas, Oklahoma, and Colorado through direct phone, email, and walk-in consultations out of a single physical office.
The business model is commission-based: revenue is earned on affiliate-referral economics via carrier commissions on placed policies, with monthly billing cadence and individualized quotes that are not publicly priced. Distribution is sales-led, supported by a single marketing website (f5insurance.com), Google reviews, and word-of-mouth referrals. The company is privately held, founder-owned, with no disclosed institutional investment, no disclosed headcount, no proprietary technology stack, and no disclosed AI capabilities.
Magnum Insurance Services firmographics
Firmographics- Name
- Magnum Insurance Services
- Legal name
- F5 Insurance Solutions
- Website
- https://magnumins.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- F5 Insurance Solutions (operating as Magnum Insurance Services among other legacy names) is an independent insurance broker based in Greenville, Texas, placing personal and commercial policies through 12 carrier partners for SMB and individual customers in Texas, Oklahoma, and Colorado.
- Ownership category
- akta.pro rank
Magnum Insurance Services industry classification
Industry- Product category
- Insurance Brokerage Services
- NAICS
- Insurance Agencies and Brokerages (524210), Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Commercial Package / Business Owners Policies (BOP) (FSAJAMAG)
- akta.pro secondary industries
- Mid-Market Commercial Package (Package Policies) (FSAJAFAB), Public Liability (Premises/Operations) (FSAJADAD)
Keywords
Where Magnum Insurance Services is headquartered
LocationHeadquarters
- HQ city
- Lone Oak
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Magnum Insurance Services business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Insurance Commission Revenue: As an insurance broker/agency, the company earns commissions from insurance carriers for policies placed. Commission-based revenue model typical of independent insurance agencies.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Customized insurance coverage tailored to individual needs |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Magnum Insurance Services product offering
Product offeringCore offering
Magnum Insurance Services operates as an independent insurance brokerage providing personal and commercial insurance coverage through multiple carrier partnerships. The agency places policies with carriers such as Acuity, Texas Mutual, Liberty Mutual, Safeco, Progressive, Travelers, and The Hartford, offering auto, home, farm, flood, renters, and recreational vehicle coverage for individuals, and contractors general liability, workers compensation, bonds, business auto, trucking, professional liability, and fleet vehicle coverage for businesses. Now operating as part of F5 Insurance Solutions serving Texas, Oklahoma, and Colorado.
Product overview
F5 Insurance Solutions operates as an independent insurance agency/broker providing a unified portfolio of personal and commercial insurance products through a network of 12+ carrier partners. The personal insurance offerings include auto, home, farm, flood, renters, toys, and umbrella coverage. Business insurance services encompass contractors general liability, workers compensation, various bond types (surety, construction, commercial, court), business auto, trucking, office insurance, professional liability, and fleet vehicle coverage. F5 Insurance Solutions acquired Magnum Insurance Services along with JL Green Insurance, Walker Insurance, McCaw Insurance, and Lake Conroe Insurance Services, operating throughout Texas, Oklahoma, and Colorado.
Differentiator
Problem solved
Functional benefit
Products and services
- Personal Insurance Individual and family insurance coverage including auto, home, farm, flood, renters, recreational vehicles (boats, motorcycles, RVs), and umbrella liability. Provides financial protection for personal assets across multiple coverage categories.
- Business Insurance Commercial insurance services for businesses of all sizes including contractors general liability, workers compensation, surety/construction/commercial/court bonds, business auto, trucking, office insurance, professional liability, and fleet vehicle insurance.
Companies that use Magnum Insurance Services
Customer profileNamed customers4 records
Segments2 records
Ideal customer profiles2 records
Magnum Insurance Services technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Magnum Insurance Services partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core and minor.
- Acuity InsurancecoreInsurance carrier partnership. F5 Insurance Solutions offers Acuity Insurance products to their customers. Contact: 800.242.7666
- Texas MutualcoreWorkers compensation insurance carrier partner. F5 Insurance Solutions offers Texas Mutual products. Contact: 800.859.5995
- Liberty Mutual InsurancecoreNational insurance carrier partnership. F5 Insurance Solutions offers Liberty Mutual products. Contact: 844.325.2467
- Safeco InsurancecoreInsurance carrier partnership offering personal and commercial insurance products. Contact: 800.332.3226
- ProgressivecoreInsurance carrier partnership offering auto and other insurance products. Contact: 800.776.4737
- United Fire Group InsuranceminorInsurance carrier partnership. Contact: 800.322.7977
- Union Standard Insurance GroupminorInsurance carrier partnership. Contact: 800.444.0049
- RHPminorInsurance carrier partnership. Contact: 888.432.9393
- Travelers InsurancecoreMajor national insurance carrier partnership. Contact: 800.238.6225
- Utica National Insurance GroupminorInsurance carrier partnership. Contact: 888.639.2567
- Columbia Insurance GroupminorInsurance carrier partnership. Contact: 800.252.9641
- The HartfordcoreMajor national insurance carrier partnership offering business and personal insurance products. Contact: 800.243.5860
Scale indicators2 records
Recent moves5 records
Expansion highlights4 records
Magnum Insurance Services competitors and assessment
Company assessmentOthers
- Trusted Choice: Network brand for independent insurance agents in the U.S.; relevant ecosystem participant that supports consumer referral traffic to independent agencies including multi-carrier agencies like F5.
- Independent Insurance Agents of America (Big "I"): National trade association for independent insurance agents; ecosystem participant that administers the Best Practices Agency designation F5 holds and supports the broader multi-carrier independent agency channel.
Regional players
- Insurmark: Independent insurance agency specializing in contractor and trucking risk (commercial lines); closely comparable specialty commercial focus to F5's contractors GL, trucking, and fleet offerings.
- Higginbotham Insurance Agency: Texas-headquartered independent insurance agency offering personal and commercial lines via multiple carrier partnerships; directly comparable as a Texas-rooted multi-carrier broker pursuing roll-up growth, but operating at significantly larger scale across more states.
- Woodlands Financial Group: Texas-based independent insurance agency providing personal and commercial coverage through multiple carriers; comparable as a Texas-rooted multi-carrier agency serving SMB and individual segments.
Direct peers
- Goosehead Insurance: Independent personal-lines insurance agency operating on a multi-carrier brokerage model with a distributed agent/branch structure; comparable in core brokerage model and carrier breadth, though larger and more digitally enabled than F5.
- Brightway Insurance: Franchise-based independent insurance agency distributing personal and commercial lines through multiple carriers; comparable multi-carrier distribution model with emphasis on agent/owner-operator model similar to F5's roll-up approach.
Broad incumbents
- Brown & Brown, Inc. National insurance brokerage built on a roll-up strategy of independent agencies; highly comparable acquisition-driven growth model and multi-carrier commercial focus, though at enterprise scale.
- Arthur J. Gallagher & Co. Global insurance brokerage and risk management firm operating across commercial and personal lines via a multi-carrier platform; relevant as a broad incumbent in the same multi-carrier brokerage category as F5.
- HUB International: Large North American insurance brokerage with a multi-carrier platform spanning personal and commercial lines, with active acquisition strategy of regional agencies; comparable brokerage model and roll-up playbook at far greater scale.
Market position
Weaknesses4 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Magnum Insurance Services compliance and trust
Trust signalCompliance1 record
Magnum Insurance Services financial estimates
Financial estimateRevenue estimate
Valuation estimate
Magnum Insurance Services leadership team
Management profileNumber of profiles
Profiles1 record
Magnum Insurance Services funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Magnum Insurance Services M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Magnum Insurance Services
What does Magnum Insurance Services do?
Magnum Insurance Services operates as an independent insurance brokerage providing personal and commercial insurance coverage through multiple carrier partnerships. The agency places policies with carriers such as Acuity, Texas Mutual, Liberty Mutual, Safeco, Progressive, Travelers, and The Hartford, offering auto, home, farm, flood, renters, and recreational vehicle coverage for individuals, and contractors general liability, workers compensation, bonds, business auto, trucking, professional liability, and fleet vehicle coverage for businesses. Now operating as part of F5 Insurance Solutions serving Texas, Oklahoma, and Colorado.
Is Magnum Insurance Services a public or private company?
Magnum Insurance Services is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Magnum Insurance Services founded?
Magnum Insurance Services was founded in 2019. It employs 101 to 250 people.
Where is Magnum Insurance Services based?
Magnum Insurance Services is headquartered in Lone Oak, United States, in the North America region.
How does Magnum Insurance Services make money?
One revenue line is on record: insurance Commission Revenue.
Who are Magnum Insurance Services's main competitors?
Others on record are Trusted Choice and Independent Insurance Agents of America (Big "I"). Regional players are Insurmark, Higginbotham Insurance Agency and Woodlands Financial Group. Direct peers are Goosehead Insurance and Brightway Insurance. Broad incumbents are Brown & Brown, Inc., Arthur J. Gallagher & Co. and HUB International.
Does Magnum Insurance Services have an API?
No public API is recorded for Magnum Insurance Services.
What industry is Magnum Insurance Services in?
Magnum Insurance Services's product category is Insurance Brokerage Services. Its primary akta.pro industry code is FSAJAMAG, Commercial Package / Business Owners Policies (BOP), with a secondary code of FSAJAFAB, Mid-Market Commercial Package (Package Policies). Its NAICS code is 524210 and its SIC code is 6411.