2022 Best Practices Study

Where New Producers Were Found

4.1%

6.7%

10.0%

13.2%

15.4%

17.6%

22.2%

39.2%

33.0%

22.3%

32.5%

25.9%

37.8%

26.8%

40.9%

34.1%

34.0%

41.9%

33.3%

29.7%

22.9%

21.4%

20.3%

14.9%

< $1.25M

$1.25M-$2.5M $2.5M-$5.0M $5.0M-$10.0M $10.0M-$25.0M

> $25.0M

Under 35 from WITHIN the Industry Under 35 from OUTSIDE the Industry

Over 35 from WITHIN the Industry Over 35 from OUTSIDE the Industry

Carriers

AGENCIES WITH REVENUES OF:

<$1.25M $1.25-$2.5M $2.5-$5M $5-$10M $10-$25M >$25M

Carrier Representation: Commercial P&C # of National Carriers

9.4 4.8

6.5 7.9

13.2 11.7 24.9

28.4 10.2 38.6

39.9 22.7 62.6

88.4 38.6

# of Regional Carriers

Total

14.2

14.4

127.0

Personal P&C # of National Carriers # of Regional Carriers

8.9 5.4

6.1 7.6

9.2 8.3

13.0

17.4 14.3 31.7

32.0 15.0 47.0

8.3

Total

14.3

13.7

17.5

21.3

Life & Health/Financial

3.5

7.3

12.1

20.5

26.8

84.6

Commission Income from Top Carriers: Top P&C Carrier

35.5% 52.9%

25.5% 42.8%

21.1% 35.4%

14.7% 29.2%

13.7% 26.3%

9.0%

Top 3 P&C Carriers

20.5%

Top L/H/F Carrier Top 3 L/H/F Carriers

1.6% 2.2%

3.0% 4.2%

2.9% 4.7%

3.9% 6.6%

5.3% 8.6%

4.4% 8.6%

Cross Category Comparison

72