2010 Best Practices Study
Analysis of Agencies with Revenues Under $1,250,000
Mgmt. Perspectives
Revenue by Specialty/Niche
Profile
Average
+25% Profit
+25% Growth
Revenues
% of Agencies having an Industry and/or Product Specialty/Niche Total INDUSTRY Specialty/Niche Revenues as % of Agency Net Revenue Total PRODUCT Specialty/Niche Revenues as % of Agency Net Revenue
25.0%
20.0%
30.0%
Expenses
Profitability
33.4%
44.9%
37.8%
Employee Overview
*
*
*
Producer Info
*Insufficient Data
Staff Service Info
Average Revenue per Specialty
% of Agencies Having Specialty
Technology
Top 5 INDUSTRY Specialties Agriculture
Insurance Carriers
$621,974 $129,750 $125,000 $121,309
0.8% 0.8% 0.8% 1.7%
Health Care Hospitality Construction N/A All Others**
Appendix
$194,145
4.2%
** “All Others” includes municipal risk management, religious order, auto dealerships, retail sporting goods, restaurants, homeless/rehab facility, non-profits, and law firms.
Average Revenue per Specialty
% of Agencies Having Specialty
Top 5 PRODUCT Specialties Professional & Management Liability
$264,027
0.8%
N/A N/A N/A N/A All Others***
$621,974
0.8%
*** “All Others” includes multi-peril crop insurance.
2010 Best Practices Study
Agencies with Revenues Under $1,250,000
9
Made with FlippingBook