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2009 Best Practices Study | Agencies with Revenues Less than $1,250,000 | Financial Stability
Agencies with Revenues Less than $1,250,000
Appendix
Insurance
Carriers
Technology
Service
Staff Info
Producer
Info
Employee
Overview
Financial
Stability
Revenues/
Expenses
Profile
Financial Stability
Accounts Receivable
Average
Top 25%
Balance Sheet
Current Ratio
1.16:1
1.63:1
Tangible Net Worth (% of Net Revenue)
12.0%
33.9%
Receivables/Payable Ratio
68.5%
-19.2%
Aged Receivables
% Receivables Aged Past 60 Days
15.6%
1.1%
% Receivables Aged Past 90 Days
25.1%
2.2%
Average
+25% Profit
+25% Growth
Agency Billed vs. Direct Billed by Carrier
% of P&C Revenues that are Agency Billed
12.1%
3.0%
12.1%
% of P&C Revenues that are Direct Billed
81.5%
72.0%
75.4%