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2009 Best Practices Study | Agencies with Revenues Between $1,250,000 and $2,500,000 | Profile
Agencies with Revenues Between $1,250,000 and $2,500,000
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: $1,939,760
B. Population Density of Metropolitan Areas Where Home Office is Located
Average
+25% Profit
+25% Growth
Less than 50,000
63.0%
67.6%
68.3%
50,000 – 250,000
14.8%
14.7%
17.1%
250,000 – 1,000,000
11.1%
8.8%
7.3%
More than 1,000,000
11.1%
8.8%
7.3%
C. Corporate Structure
C
40.7%
41.2%
41.5%
S
48.1%
47.1%
46.3%
Partnership
0.0%
0.0%
0.0%
LLC
11.1%
11.8%
12.2%
Sole Proprietorship
0.0%
0.0%
0.0%
Total # Agency locations
1.6
1.7
1.3
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)
2.8
2.8
4.7
High
10.0
Low
1.0
E. Ownership Percentage
% Owned by Largest Shareholder
(excluding ESOP)
67.1%
60.8%
52.9%
High
100.0%
Low
28.3%
F. Shareholder Age
Current Age of Largest Shareholder
52.7
52.4
53.6
G. Parent Corporation
Agency is Owned by Another Corporation
3.8%
Description of Parent Corporation
Financial Institution
100.0%
National Broker
0.0%
Other
0.0%