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Press release from Business Wire

Paychex Insurance Agency Ranks 25 on Top 100 List of U.S. Insurance Firms

<p class='bwalignc'> <i>Surpassing $100 million in revenue, Paychex Insurance Agency is one of the fastest growing agencies in the nation</i> </p>

Thursday, July 18, 2013

Paychex Insurance Agency Ranks 25 on Top 100 List of U.S. Insurance Firms

11:00 EDT Thursday, July 18, 2013

ROCHESTER, N.Y. (Business Wire) -- Paychex Insurance Agency, a wholly owned subsidiary of Paychex, Inc., ranks number 25 on Business Insurance magazine's 2013 list of the Top 100 Brokers of U.S. Business, up from the number 28 spot last year. In the agency's third appearance on the list, it ranks as one of the fastest-growing agencies in the nation. In its annual list, Business Insurance, the leading trade magazine for the commercial insurance industry, ranks agents and brokers based on revenues generated by U.S.-based clients.

In addition to ranking in the top 25 overall, Paychex Insurance Agency ranks second in the category of largest U.S. benefits specialists, up from number three last year.

“Ranking among the top 25 U.S. firms is an honor and a testament to our expert, professional insurance agents who continue to develop modern solutions to the increasingly complex insurance needs of business owners and their employees,” said Kevin Hill, Paychex vice president of insurance and HR Solutions services. “It also speaks to our unique business model and ability to deliver value to our clients through the integration of insurance and payroll data that is unrivaled in our market space.”

With year-over-year growth of just under 20 percent, Paychex Insurance Agency surpassed $100 million in annual revenue in 2012. The overall growth of the agency was accomplished through significant growth of the property and casualty insurance business in 2012.

Paychex Insurance Agency, serving more than 100,000 clients, is a full-service agency offering flexible, scalable insurance solutions for business owners and their employees. Insurance services include:

  • Group Health Insurance, including:
    • Medical and Dental
    • Life
    • Disability
    • Voluntary Benefits
  • Property and Casualty Insurance, including:
    • Workers' Compensation Insurance
    • Business Owner's Policies
    • General and Umbrella Liability
    • Directors and Officers Liability
    • Employment Practices Liability
    • ERISA Bonds

“As health care reform continues to be top of mind for America's businesses, Paychex Insurance Agency can provide business owners with the information and support they need to understand the obligations they face as key provisions begin to take effect in 2014,” added Hill. “Through our integration of insurance and payroll data, we are able to deliver comprehensive solutions that help employers prepare for and respond to health care reform.”

The Paychex Insurance Agency primarily focuses on the needs of America's small- and medium-sized businesses and is uniquely positioned in the industry with the ability to use the latest technology to seamlessly integrate with Paychex payroll, significantly streamlining insurance administration. The agency currently works with more than 150 national and regional insurance carriers to design services that make insurance more affordable.

For the latest from the Paychex Insurance Agency on health care reform, visit http://www.paychexinsurance.com/healthcarereform. For more information on integrated health care reform solutions available through Paychex and Paychex Insurance Agency, visit www.paychex.com/health-reform.

To learn more about Paychex Insurance Agency, visit www.paychexinsurance.com.

About Paychex

Paychex, Inc. (NASDAQ:PAYX) is a leading provider of payroll, human resource, insurance, and benefits outsourcing solutions for small- to medium-sized businesses. The company offers comprehensive payroll services, including payroll processing, payroll tax administration, and employee pay services, including direct deposit, check signing, and Readychex®. Human resource services include 401(k) plan recordkeeping, section 125 plans, a professional employer organization, time and attendance solutions, and other administrative services for business. A variety of business insurance products, including group health and workers' compensation, are made available through Paychex Insurance Agency, Inc. Paychex was founded in 1971. With headquarters in Rochester, New York, the company has more than 100 offices serving approximately 570,000 payroll clients as of May 31, 2013. For more information about Paychex and our products, visit www.paychex.com.

Stay Connected with Paychex

Twitter: www.twitter.com/paychex

Facebook: www.facebook.com/paychex

LinkedIn: www.linkedin.com/company/paychex/products

Paychex, Inc.
Tracy Van Auker, 585-387-6433
Public Relations Program Manager
tvanauker@paychex.com
@PaychexNews
media.paychex.com

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