NGL Group

What NGL Group does

NGL Group offers products and services from carriers to cover homes, automobiles, apartments, condominiums, builders, manufacturers, restaurants, retailers, schools, wholesalers, hotels, motels, financial institutions, trustees fiduciary liability, and labour unions. They offer commercial, personal, employee benefits, life, and financial insurance services. They provide portfolio management, financial, and retirement planning.

Name

NGL Group

Legal name

NGL Group, LLC.

Website

https://www.nglgroup.com

Company type

Private

Founded year

1966

Operating status

Operating

Headcount range

11–50 employees

Short description

NGL Group provides personal insurance, financial services, and business insurance.

Ownership category

akta.pro rank

Headquarters

HQ city

Lynbrook

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Insurance Commissions: NGL Group receives commissions from insurance carriers for placing business. The compensation is based on factors such as overall volume, growth, and profitability of total premium placed with each insurer.
2. Fees and Service Charges: The agency is compensated through fees and/or commissions for services provided to clients to identify, value, mitigate, transfer, and administer their risks.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

NGL Group is an independent insurance agency that places personal, commercial, and life insurance coverage for individuals, families, and businesses through relationships with multiple top-tier insurance carriers. The agency also provides financial planning, retirement, and estate planning services through its partnership with Westco Financial Group, supported by an in-house Learning Center for customer education and an online Quote Center for policy recommendations.

Product overview

NGL Group is an independent insurance agency offering a comprehensive portfolio of insurance and financial services. The company operates three core product lines: Personal Insurance (homeowners, auto, flood, watercraft, jewelry, umbrella coverage), Business Insurance (commercial auto, workers comp, liability, crime, restaurant, labor union coverage), and Life Insurance/Financial Planning (life insurance, disability, IRAs, mutual funds, pension, financial planning through Westco Financial Group partnership). Additional specialized offerings include flood insurance via NFIP and property and casualty insurance. The agency was founded in 1966 and serves clients from its Lynbrook, NY location.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Insurance Insurance coverage protecting individuals and families against losses to their homes, vehicles, and personal possessions. Includes homeowners, condos, co-ops, renters, flood, automobile, watercraft, jewelry, fine arts, and personal umbrella policies.
• Business Insurance Commercial insurance products protecting business assets and operations for small and mid-size businesses. Includes fire and allied perils, commercial automobile, workers compensation, business interruption, general liability, product liability, umbrella, crime, restaurant, and labor union policies.
• Life Insurance and Financial Planning Life insurance, long-term disability, IRAs, mutual funds, pension and profit sharing plans, plus retirement, estate, and college planning services for individuals, families, and businesses. Provided in partnership with Westco Financial Group.
• Flood Insurance Separate policy covering home repair and replacement of personal property damaged by flooding, available through the National Flood Insurance Program (NFIP).
• Property and Casualty Insurance Insurance protecting possessions from theft or destruction and assets from disaster or litigation claims, including homeowners, renters, automobile, commercial general liability, workers compensation, and commercial property insurance.

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Westco Financial GroupcoreStrategic or Co-development PartnerWestco Financial Group is NGL's strategic partner for financial services. Together they provide securities brokerage, professional portfolio management, retirement planning, college planning, estate planning, and other financial services for individuals, families, and businesses. The partnership allows NGL to offer comprehensive financial planning services beyond traditional insurance products.

Scale indicators2 records

Recent moves5 records

Expansion highlights3 records

Direct peers

• The Hilb Group: Mid-market independent insurance brokerage serving SMB and personal lines clients across the U.S., frequently growing through agency acquisitions — directly comparable in business model, customer mix, and acquisition-driven scaling strategy to NGL Group.
• World Insurance Associates: PE-backed insurance brokerage that has scaled rapidly by acquiring independent agencies like NGL Group; competes head-to-head for the same Long Island/Northeast SMB and personal-lines customers and serves as both a peer and a likely acquirer profile.

Broad incumbents

• AssuredPartners: National insurance brokerage built through roll-up acquisitions of independent agencies; competes for the same commercial and personal-lines customers NGL serves, but with substantially broader geographic footprint and carrier leverage.
• Brown & Brown: Large national insurance intermediary offering personal, commercial, and specialty lines through a network of independent-agency-style offices; comparable in product breadth and carrier-agnostic placement model, but far larger in scale.
• HUB International: Major North American insurance brokerage with personal, commercial, and benefits practices; comparable product set to NGL but operates across multiple regions and segments at a much larger scale.
• Acrisure: Tech-enabled insurance brokerage that has acquired numerous independent agencies to scale; targets the same SMB and personal-lines customer base and represents a likely competitor or acquirer for a Long Island agency like NGL.
• USI Insurance Services: Large U.S. insurance brokerage serving middle-market commercial and personal clients with multi-carrier placement; similar carrier-agnostic distribution model but at enterprise scale with deeper specialty resources.
• Arthur J. Gallagher & Co. Global insurance brokerage and risk-management firm with retail brokerage operations serving SMBs and individuals; comparable in multi-carrier placement and personal/commercial product mix but vastly larger.
• Marsh McLennan Agency: Middle-market brokerage arm of Marsh McLennan providing commercial, personal, and employee-benefits solutions to SMBs; directly competes for the same Long Island / Northeast commercial accounts that NGL targets.

Emerging players

• Risk Strategies: National specialty insurance brokerage built through acquisitions of independent agencies; competes for the same mid-market commercial clients and personal-lines customers in the Northeast, with growing scale and specialization.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/nglgroupllc
• LinkedInlinkedin.com/company/ngl-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NGL Group