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2009 Best Practices Study | Agencies with Revenues Less than $1,250,000 | Profile
Agencies with Revenues Less than $1,250,000
Appendix
Insurance
Carriers
Technology
Service
Staff Info
Producer
Info
Employee
Overview
Financial
Stability
Revenues/
Expenses
Profile
PROFILE
(of Agencies in this Study Group)
A. Average Total Revenues: $719,335
B. Population Density of Metropolitan Areas Where Home Office is Located
Average
+25% Profit
+25% Growth
Less than 50,000
61.3%
59.0%
61.7%
50,000 – 250,000
12.9%
12.8%
10.6%
250,000 – 1,000,000
9.7%
12.8%
12.8%
More than 1,000,000
16.1%
15.4%
14.9%
C. Corporate Structure
C
32.3%
25.6%
27.7%
S
51.6%
53.8%
51.1%
Partnership
3.2%
2.6%
4.3%
LLC
6.5%
7.7%
6.4%
Sole Proprietorship
6.5%
10.3%
10.6%
Total # Agency locations
1.1
1.0
1.1
Agency has an ESOP
0.0%
0.0%
0.0%
% of Stock Owned by ESOP
0.0%
0.0%
0.0%
D. Shareholders
Number of Shareholders
(excluding ESOP)
1.7
1.9
2.0
High
3.0
Low
1.0
E. Ownership Percentage
% Owned by Largest Shareholder
(excluding ESOP)
81.1%
78.4%
61.6%
High
100.0%
Low
46.0%
F. Shareholder Age
Current Age of Largest Shareholder
52.9
50.5
53.4
G. Parent Corporation
Agency is Owned by Another Corporation
0.0%
Description of Parent Corporation
Financial Institution
0.0%
National Broker
0.0%
Other
0.0%