The National Insurance Producer Registry — a nonprofit group that helps collect, store and distribute licensing data for insurance agents and brokers — reported strong revenue growth in 2022, but the equivalent of a sharp drop in earnings.
The Kansas City, Missouri-based organization is reporting the equivalent of $996,228 in earnings for the year on $67 million in revenue, compared with $16 million in the equivalent of earnings for 2021 on $62 million in revenue, according to the NIPR annual report.
Access and transaction fee revenue climbed 9.3%, to $67 million, and the number of insurance producer records in its database increased 3.3%, to 8.1 million records.
