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2009 Best Practices Study | Agencies with Revenues Over $25,000,000 | Financial Stability
Agencies with Revenues Over $25,000,000
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
1.18:1
1.59:1
Tangible Net Worth (% of Net Revenue)
6.6%
24.5%
Receivables/Payable Ratio
59.2%
24.1%
Aged Receivables
% Receivables Aged Past 60 Days
5.9%
1.3%
% Receivables Aged Past 90 Days
3.1%
0.8%
Average
+25% Profit
+25% Growth
Agency Billed vs. Direct Billed by Carrier
% of P&C Revenues that are Agency Billed
51.2%
38.9%
58.0%
% of P&C Revenues that are Direct Billed
41.4%
46.8%
42.0%