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2009 Best Practices Study | Agencies with Revenues Over $25,000,000 | Profile
Agencies with Revenues Over $25,000,000
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: $58,101,936
B. Population Density of Metropolitan Areas Where Home Office is Located
Average
+25% Profit
+25% Growth
Less than 50,000
7.4%
8.8%
9.8%
50,000 – 250,000
18.5%
14.7%
14.6%
250,000 – 1,000,000
29.6%
32.4%
29.3%
More than 1,000,000
44.4%
44.1%
46.3%
C. Corporate Structure
C
48.1%
52.9%
46.3%
S
40.7%
35.3%
39.0%
Partnership
3.7%
2.9%
4.9%
LLC
7.4%
8.8%
9.8%
Sole Proprietorship
0.0%
0.0%
0.0%
Total # Agency locations
11.3
17.9
4.6
Agency has an ESOP
29.6%
28.6%
28.6%
% of Stock Owned by ESOP
42.2%
25.7%
25.7%
D. Shareholders
Number of Shareholders
(excluding ESOP)
33.3
23.0
20.0
High
164.0
Low
1.0
E. Ownership Percentage
% Owned by Largest Shareholder
(excluding ESOP)
33.6%
23.8%
28.0%
High
100.0%
Low
5.4%
F. Shareholder Age
Current Age of Largest Shareholder
54.8
51.5
53.8
G. Parent Corporation
“Other” includes AAA,
joint venture, and another
insurance agency.
Agency is Owned by Another Corporation
22.2%
Description of Parent Corporation
Financial Institution
83.3%
National Broker
0.0%
Other
16.7%