Petra Insurance Group
Petra Insurance Group is a private Oak Park, Illinois-based insurance agency specializing in coverage for religious organizations, clergy, and individual members, distributing life, disability, P&C, and group voluntary benefits through licensed agents and carrier partnerships.
- Company typePrivate
- Founded-
- HeadquartersOak Park, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Petra Insurance Group does
Petra Insurance Group LLC is a privately held, niche insurance agency headquartered in Oak Park, Illinois, that specializes in serving religious organizations and the people connected to them. Its customer base spans churches, mosques, temples, and synagogues, alongside clergy, individual congregants, and broader business clients. The agency distributes property & casualty, life, disability, and group voluntary benefits products through licensed agents, supported by carrier partnerships with Prudential, United of Omaha, and Western World as core placement partners, plus a long tail of affiliate carriers. Revenue is generated primarily through commissions on insurance placements across personal, commercial, and association-style programs.
Petra Insurance Group firmographics
Firmographics- Name
- Petra Insurance Group
- Legal name
- Petra Insurance Group LLC
- Website
- https://petragroup.org
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Petra Insurance Group is a private Oak Park, Illinois-based insurance agency specializing in coverage for religious organizations, clergy, and individual members, distributing life, disability, P&C, and group voluntary benefits through licensed agents and carrier partnerships.
- Ownership category
- akta.pro rank
Petra Insurance Group industry classification
Industry- Product category
- Insurance Agency Services
- NAICS
- Insurance Agencies and Brokerages (524210), Direct Life, Health, and Medical Insurance Carriers (52411)
- SIC
- Insurance Agents, Brokers & Service (6411), Life Insurance (6311), Accident & Health Insurance (6321)
- akta.pro primary industry
- Nonprofit / Social Services BOP (FSAJAFAM)
- akta.pro secondary industries
- Whole Life / UL Policy Riders & Add-ons (e.g., Waiver of Premium, Accidental Death, Child Term, LTC/Chronic Illness) (FSAIABAK), Insurance-Integrated Wealth Managers (RIA + Insurance Solutions) (FSAAACAI)
Keywords
Where Petra Insurance Group is headquartered
LocationHeadquarters
- HQ city
- Oak Park
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Petra Insurance Group business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Marketing or Sales, Operations, Technology or R&D
Revenue model
- Insurance Commissions: Petra generates revenue through commissions from selling insurance products including life, health, disability, dental, vision, auto, home, property, liability, umbrella, and specialized religious institution coverage. Agents earn commissions on policy sales and renewals.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Agent compensation - New Agent Allowance |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Petra Insurance Group product offering
Product offeringCore offering
Petra Insurance Group is an insurance and financial services agency that sells life, health, disability, dental, vision, auto, home, property, liability, umbrella, key person, and group/voluntary benefit products through a network of licensed insurance agents. The company is differentiated by a vertical focus on religious organizations (churches, mosques, temples, synagogues), their clergy, and their members via its HOWffers membership association, which provides guaranteed-issue life insurance with no medical questions or physical required. Petra also operates the Protect My Pastor sub-brand focused on Key Person insurance and Infinite Banking information for pastors.
Product overview
Petra Insurance Group LLC operates as an insurance and financial services agency organized around three core customer segments: Individual consumers, Businesses, and Religious institutions. The company offers a portfolio of insurance products through multiple channels including a dedicated association group product (HOWffers), specialized religious organization coverage (via Protect My Pastor), traditional individual and business insurance lines, and agent-facing platforms. HOWffers serves as a membership-based association group product offering guaranteed-issue life insurance alongside group rates and voluntary benefits. Protect My Pastor addresses Key Person insurance and Infinite Banking needs for religious leaders. The product suite also includes Petra Agents Portal for agent management and mypetra.org for property and casualty intake processing.
Differentiator
Problem solved
Functional benefit
Brands
- HOWffers (House of Worship Offers): A membership group established to enhance the financial literacy and well-being of faith-based organizations, their clergy, employees, and congregants. Provides substantial savings, access to group plans and group rates, and guaranteed-issue life insurance.
- Protect My Pastor
- Increase the Peace
Products and services
- HOWffers (House of Worship Offers) Association A membership association designed specifically for houses of worship and their members, providing substantial savings, access to group plans and group rates, and guaranteed-issue life insurance with no medical questions and no physical required.
- Individual Insurance Products Personal insurance products for individual consumers including Life, Disability, Dental, Vision, Auto, and Home coverage distributed through Petra's licensed agents.
- Business Insurance Products Commercial insurance coverage for businesses including Property, Liability, Truck, Umbrella, Group benefits, Voluntary benefits, Key person insurance, and Buy-sell insurance.
- Religious Institution Insurance Products Specialized insurance coverage for churches and other religious organizations including church/house of worship insurance, key person insurance, life, disability, and automobile coverage.
- Association Groups Insurance Products Group insurance products for associations covering Life, Whole Life, Term, Critical Illness, Dental, and Short-term Disability, plus Group Voluntary Benefits.
- Protect My Pastor (Key Person Insurance & Infinite Banking) A specialized sub-brand providing Key Person insurance and Infinite Banking product information for pastors and religious leaders, supporting succession planning and legacy building for clergy.
Companies that use Petra Insurance Group
Customer profileSegments4 records
Ideal customer profiles4 records
Petra Insurance Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Petra Insurance Group partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered core and minor.
- Prudential InsurancecoreHighly rated, blue-chip insurance company with whom Petra works to provide the best rates for products tailored to religious organizations and individual needs. Prudential is listed as one of three primary partnership alliances.
- United of OmahacoreBlue-chip insurance carrier partnered with Petra to provide products for religious organizations. Listed as one of three primary partnership alliances.
- Western WorldcoreInsurance carrier partnered with Petra to provide products for religious organizations. Listed as one of three primary partnership alliances.
- Prudential LifeminorAffiliate insurance company providing life insurance products through Petra's distribution network.
- American Senior BenefitsminorAffiliate company providing insurance products through Petra's distribution network.
- AmericominorAffiliate insurance company providing products through Petra's distribution network.
- Mutual of OmahaminorAffiliate insurance company providing products through Petra's distribution network.
- Shield IndemnityminorAffiliate insurance company providing products through Petra's distribution network.
- Foresters FinancialminorAffiliate insurance/fraternal organization providing products through Petra's distribution network.
- Royal NeighborsminorAffiliate insurance/fraternal organization providing products through Petra's distribution network.
- Great Western Insurance Co.minorAffiliate insurance company providing products through Petra's distribution network.
- Western World InsuranceminorAffiliate insurance company providing products through Petra's distribution network.
- Philadelphia InsuranceminorAffiliate insurance company providing products through Petra's distribution network.
- USLIminorAffiliate insurance company providing products through Petra's distribution network.
Recent moves5 records
Expansion highlights5 records
Petra Insurance Group competitors and assessment
Company assessmentDirect peers
- GuideOne Insurance: Specialty insurer with a long-standing focus on churches, religious organizations, and nonprofit P&C coverage. Direct peer on the religious-organization BOP niche.
- Brotherhood Mutual Insurance Company: Specialty carrier providing property, liability, and ministry-focused insurance to Christian churches, camps, and nonprofits. Closely comparable to Petra's religious-organization BOP and ministry key-person focus.
- Glatfelter Insurance Group: Program manager and specialty insurer serving religious organizations, schools, and human-services nonprofits. Comparable as a specialty carrier/distributor focused on faith-based and nonprofit segments.
- Church Mutual Insurance Company: One of the largest U.S. insurers specializing in religious organizations, offering property, liability, and related coverages to churches and faith-based institutions. Directly comparable to Petra as a church-insurance specialist, though at vastly greater scale.
Others
- Howe & Howe Financial Group: Independent financial-services firm focused on ministry and faith-based clients, including legacy, charitable gifting, and insurance planning. Comparable as an adjacent practice serving the same pastoral/religious client base.
- Affinity Insurance Services: Affinity-group insurance program manager that builds association-style group products for member organizations, similar in concept to Petra's HOWffers model. Comparable as an association/affinity distribution peer.
Broad incumbents
- Philadelphia Insurance Companies (PHLY): National specialty carrier with a dedicated religious-organization and nonprofit practice; already a Petra carrier partner. Comparable as a large incumbent in the same niche Petra serves.
- Markel Insurance: Specialty insurer with affinity and faith-based organization programs through managing-general-agency partners. Comparable as a broad incumbent in niche/specialty distribution.
Emerging players
- National Western Life Insurance: Carrier of whole life, annuities, and retirement products distributed through independent agents to niche markets. Comparable as a carrier offering simplified-issue and whole life products through agent distribution.
- Foresters Financial: Fraternal life insurance organization with member benefits targeted to community and faith-based audiences; also a Petra carrier partner. Comparable on the guaranteed-issue and fraternal/membership life side.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
Petra Insurance Group social profiles
Digital presencePetra Insurance Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Petra Insurance Group leadership team
Management profileNumber of profiles
Profiles5 records
Petra Insurance Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Petra Insurance Group 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 Petra Insurance Group
What does Petra Insurance Group do?
Petra Insurance Group is an insurance and financial services agency that sells life, health, disability, dental, vision, auto, home, property, liability, umbrella, key person, and group/voluntary benefit products through a network of licensed insurance agents. The company is differentiated by a vertical focus on religious organizations (churches, mosques, temples, synagogues), their clergy, and their members via its HOWffers membership association, which provides guaranteed-issue life insurance with no medical questions or physical required. Petra also operates the Protect My Pastor sub-brand focused on Key Person insurance and Infinite Banking information for pastors.
Is Petra Insurance Group a public or private company?
Petra Insurance Group is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Petra Insurance Group founded?
Petra Insurance Group was founded in -1. It employs 11 to 50 people.
Where is Petra Insurance Group based?
Petra Insurance Group is headquartered in Oak Park, United States, in the North America region.
How does Petra Insurance Group make money?
One revenue line is on record: insurance Commissions.
Who are Petra Insurance Group's main competitors?
Direct peers on record are GuideOne Insurance, Brotherhood Mutual Insurance Company, Glatfelter Insurance Group and Church Mutual Insurance Company. Others are Howe & Howe Financial Group and Affinity Insurance Services. Broad incumbents are Philadelphia Insurance Companies (PHLY) and Markel Insurance. Emerging players are National Western Life Insurance and Foresters Financial.
Does Petra Insurance Group have an API?
No public API is recorded for Petra Insurance Group.
What industry is Petra Insurance Group in?
Petra Insurance Group's product category is Insurance Agency Services. Its primary akta.pro industry code is FSAJAFAM, Nonprofit / Social Services BOP, with a secondary code of FSAIABAK, Whole Life / UL Policy Riders & Add-ons (e.g., Waiver of Premium, Accidental Death, Child Term, LTC/Chronic Illness). Its NAICS code is 524210 and its SIC code is 6411.