PCF Insurance Named Utah's Fastest-Growing Company for Third Year

PCF Insurance Services (“PCF”), a top 20 U.S. insurance brokerage, is thrilled to announce its third consecutive #1 ranking on Utah Business' Fast 50. This prestigious honor recognizes Utah's fastest-growing businesses based on their five-year revenue and annual growth rate. PCF Insurance’s exceptional organic growth, investments in technology and significant contributions to the state’s economy have positioned it as the undisputed leader in Utah's competitive business landscape.


Felix Morgan, CFO and COO of PCF Insurance, speaks highly of operating a business in the Beehive State. “Utah’s supportive environment for businesses, coupled with a vibrant community of ambitious, hardworking individuals, fosters a climate conducive to growth and innovation. Winning this award for the third year in a row is a testament to our team's unwavering dedication to excellence and the unique Utah enterprising spirit."

With an impressive 2,257% growth rate over the past three years, PCF Insurance has not only maintained its rapid expansion but has also solidified its position as a trailblazer in the insurance industry. So far this year, PCF Insurance has secured #20 on Business Insurance's 2023 Top 100 Brokers list, #12 on Insurance Journal's esteemed 2023 Top Property/Casualty Agencies list, and most recently, #247 on Inc. 5000 Fastest-Growing Private Companies in America.

“At PCF Insurance, we don't just set goals – we soar past them,” says Jenni Lee Crocker, President of PCF Insurance. “We've realized success not by being content with the status quo, but by embracing change, daring to dream big, and consistently challenging ourselves to surpass our own limits. Our accomplishments are not just a reflection of numbers, but a reflection of our extraordinary team and the culture we've nurtured, the partnerships we've fostered, and the trust our clients and stakeholders have placed in us.”

PCF Insurance is poised for a promising future, driven by its exceptional growth strategy. With strong momentum, PCF Insurance is eager to expand its presence by pursuing targeted mergers and acquisitions that match its high-growth, entrepreneurial model.

“We firmly believe that our unmatched growth stems from cultivating strategic partnerships that resonate with our core business vision,” says Peter C. Foy, Founder, Chairman and CEO of PCF Insurance. “Our remarkable journey has launched us to unprecedented heights, and this is only the beginning. We are excited about bringing on new agency acquisitions that align with our entrepreneurial model and deep industry expertise, positioning us for a prosperous future of exponential growth.”

About PCF Insurance Services

A top 20 U.S. broker headquartered in Lehi, Utah, PCF Insurance Services is a leading full-service consultant and insurance brokerage firm offering a broad array of commercial, life and health, employee benefits, and workers' compensation solutions. Propelled by its people, PCF Insurance's office-centric operating model and entrepreneurial environment support its tremendous growth profile, offering partner offices alignment through equity ownership, significant leadership incentives, and resources. Ranked #20 on Business Insurance's 2023 Top 100 Brokers and #12 on Insurance Journal's 2023 Top Property/Casualty Agencies, PCF Insurance is a notable leader in the insurance space, with more than 3,000 employees across the U.S. Learn more at pcfins.com.

Fast 50 2023-1

From left to right: Peter Nettesheim, Senior Vice President, Data & Technology; Jeff Hutchins, Senior Vice President, Human Resources; Peter C. Foy, Founder, Chairman & CEO; Felix Morgan, CFO & COO; Brandon Gray, Vice President, Treasury; Rocky Steele, Senior Vice President, Legal & Compliance; Kirk Benson, Vice President, Operations Benefits