Integrity Surprises Employees with $ 125 Million Payout and Stake in Leader Insurtech | Texas News

DALLAS, December 21, 2021 / PRNewswire / – In the wake of a $ 1.2 billion investing in minority stocks and just in time for the holidays, Integrity Marketing Group, LLC (“Integrity”), an omnichannel insurtech leader in life, health and wealth solutions, surprised its 5,500 employees today with an unexpected investment $ 125 million in cash to employees participating in the Company’s Employee Shareholding Plan.

The company further shocked employees by awarding shares of shares to anyone who was not yet eligible under the plan, making every current full-time Integrity employee an official owner of the company. business. Co-founder and CEO of Integrity, Bryan W. Adams, traveled across the country to meet face-to-face with over 2,000 of the company’s employees – and virtually with the rest of Integrity’s 120 offices – to share news and distribute the $ 125 million. Eligible employees will receive cash rewards of varying size, depending on factors such as position and tenure. Employees who have participated in the program since its inception in 2019 will receive a minimum of $ 8,000, and still have an estimate $ 60,000 in the present value of equity remaining in the shares of the company.

“Integrity is a business built by caring and committed people who go the extra mile to help others. Two years ago, we became an employee-owned company with our innovative employee share ownership plan, which enabled all of our employees to become owners of our company. As we experience success and create value as an insurance business, we share this advantage with all of our employee owners, ”said Bryan W. Adams. “Our people are the key to making our vision of transforming the industries we serve a reality. We are delighted to show our gratitude by including our entire team in our success. By coming together to work, earn, prosper and share, we have been able to create one of the first companies in the industry where every employee is also an owner. “

“Integrity is truly a people-powered business and we are passionate about our culture of giving back,” said Steve young, Chairman of the Board of Directors of Integrity. “Without a doubt, our motivated and dedicated employees have made Integrity one of the fastest growing companies in America. We couldn’t be happier to reward their contributions and dedication – and to show them how much they are appreciated by sharing our growth. ”

Integrity has achieved impressive annual growth of over 100% for five consecutive years and has a unique omnichannel insurance platform, with 420,000 agents serving more than 10 million clients annually. The company expects new sales in 2021 to exceed $ 7 billion and reach more than $ 20 billion in assets under management and advice through its RIA platforms and broker-dealers by the end of the year.

The company recently announced a strategic capital partnership led by Silver Lake to extend Integrity’s digital innovation and insurtech capabilities.

“Integrity’s employee ownership culture is a key differentiator. It’s an incredibly powerful way to align goals that drive growth and reward people for their innovation, ”said Egon Durban, Co-CEO of Silver Lake. “We support how the employee share ownership program at Integrity is inclusive, shares and demonstrates a belief in their employees. “

“When you work with a group of dedicated and talented individuals who help improve the lives of Americans, the decision to share our success becomes easy,” said Adams. “In addition to $ 125 million they receive today, our employees will continue to have a significant stake in Integrity. If we consider that the average saving of American households is about $ 17,000it’s easy to see how ownership can help our employees prepare for the sunny days ahead. It is without a doubt the most significant decision and result that I have ever participated in in my career. “

Integrity became an employee-owned business in 2019 with the formation of the Employee Stock Purchase Plan, and the company paid a retroactive cash distribution of $ 50 million to 750 Integrity employees at the time. With this last payment, Integrity has now paid a total of $ 175 million to its employees in just over two years via the Employee Shareholding Plan.

“We want all of our employees to know that they are in the right place and that they are making a valuable contribution every day,” Adams continued. “Together, we are carrying out our mission of meeting the living, health and wealth needs of Americans and helping them prepare for the good days ahead. It is therefore even more appropriate that we share the prosperity that we are achieving together. . “

“I’ve been involved in amazing things throughout my career, but nothing compares to the joy of being able to share real property with our employees – it’s a day that will forever change their lives, and the value The potential it offers is unimaginable, “shared Young.” Integrity is committed to transforming the insurance and financial services industries, and what we have been able to accomplish would not have been possible without the incredible team that we have incorporated. This unique opportunity and reward for our employees is well deserved. ”

For more information on Integrity and their employee share ownership plan, please visit www.integritymarketing.com/news.

About the Integrity Marketing Group

Integrity, headquartered in Dallas, Texas, is an omnichannel insurtech leader in life and health insurance and a provider of innovative solutions for wealth management and retirement planning. Through its network of partners, Integrity helps millions of Americans protect their lives, health and wealth by committing to meet them wherever they are – in person, by phone and online. Integrity’s advanced technology helps streamline the financial planning and insurance experience for all stakeholders. In addition, Integrity develops products with partner carriers and markets them through its distribution network of agencies, brokers and AIRs nationwide. Integrity’s approximately 5,500 employees work with more than 420,000 agents and advisors who serve more than 10 million clients each year. In 2021, Integrity plans to help carriers place more than $ 7 billion new sales and oversee more than $ 20 billion in assets under management and advice through its RIA and brokerage platforms. For more information visit www.integritymarketing.com.

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SOURCE Integrity Marketing Group, LLC