The Professional Rise of USHEALTH Group’s Troy McQuagge

Updated 11/8/2017: We have a new article about Troy here: Get A Bro A Job: Troy McQuagge Talks Up The Ever Expanding Healthcare Field

A life account of Troy McQuagge, the CEO of USHEALTH Group, Inc. (USHG), is a success story. McQuagge was raised in FL. He completed his undergraduate studies at the University of Central Florida and graduated in 1983 with his Bachelor of Arts.

By 1995, he had joined the Student Insurance Division of United Insurance Companies, Inc. (UICI), following his success in his earlier position. His excellent style of leadership and performance did not stop. McQuagge was named the president of United Group Association (UGA), a subsidiary of UICI, in 1997. As was his usual trend, even at this level, he executed his duties so diligently he was able to supersede the expectations of his bosses.

McQuagge worked for UICI from 1997 until 2006, when private equity investors purchased the company. McQuagge’s diverse experience at the helm of the company’s sales agency saw him retained by the private investors. He was later tasked with the responsibility of managing all company sales.  This meant overseeing the smooth development of marketing efforts and strategies of the newly named HealthMarkets, Inc.

After impressing the new bosses, they decided to make McQuagge the president of the company a year later. This gesture not only demonstrated the investors recognized his skills, but also that they trusted him. There were high expectations for McQuagge’s management and the overall performance of the company underneath his watch—and fortunately, he did not disappoint. Under his leadership, the overall profitability and reputation of the company soared to new heights.

As the president of the HealthMarkets, he exceeded $1 billion in yearly premium sales volumes. This financial muscle enabled the agency to become an award-winning organization, bringing in the Sales Organization of the Year trophy, awarded by Selling Power Magazine and the Stevie Awards. McQuagge, whenFollowing a brief retirement, he joined the USHEALTH Group (USHG) in July, 2010.

In 2014, he was promoted to become the president and CEO of USHEALTH Group. Since that time, he has remained in the company serving in the same capacity with other affiliates of USHG.

Since 2011, McQuagge has led the organization to the highest ever sales trajectory, as well as a record high for profits for four consecutive years. Today, USHG has grown 6-fold in all aspects of operations. Additionally, its share price has been increased to 2,800 percent of its original value, thanks to McQuagge’s unrestrained efforts.

McQuagge and the industrial experience

Since 1983, McQuagge has always been involved with the financial sector of the American economy. He possesses 34 years of experience in health coverage, sales, marketing, management and leadership aspects. So far, he has managed to establish three large health coverage agencies in the U.S. with more than 5,000 dedicated agents. At UICI/HM, he raised sales revenue from $250 million to $1 billion by 2004. While there, McQuagge also raised the share price from a mere $2 to $55 per share.

Awards and industry recognition

In the business environment, people who exhibit exemplary performance cannot go unrewarded. McQuagge has received many awards throughout his career, with some representing his own personal achievements and others representing his contributions to the collective success of the company. There have been several occasions where McQuagge has been recognized for his actions and overall performance.

The CEO World Awards recognized McQuagge as the gold award winner of the most innovative CEO in Insurance while at the USHEALTH Group. This particular award is highly prestigious, since it encompasses the world’s best leadership, innovation, organizational performance, new products and services, and corporate social responsibilities. By earning this award, McQuagge was selected as the most exemplary out of all nominations from private and public sectors of economies across the globe.

Furthermore, his 2016 awards include CEO of the Year from the One Planet Awards in acknowledgement of his hard work and commitment, while also recognizing how smoothly  USHEALTH Group operates. USHEALTH Group has also been honored by receiving multiple Gold Stevie Awards for Insurance Company of the Year.

With more than three decades of experience and a commitment to volunteering and supporting local communities, McQuagge has risen to the top of USHEALTH Group. These achievements cannot be undervalued, and it is only fair to say he has a success story worth emulating. McQuagge is currently the president of USHEALTH Group, focusing on providing affordable and flexible health coverage to individuals and families.