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2009 Best Practices Study | Agencies with Revenues Between $1,250,000 and $2,500,000 | Financial Stability
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
Financial Stability
Accounts Receivable
Average
Top 25%
Balance Sheet
Current Ratio
1.33:1
1.89:1
Tangible Net Worth (% of Net Revenue)
9.1%
27.5%
Receivables/Payable Ratio
68.2%
5.2%
Aged Receivables
% Receivables Aged Past 60 Days
11.0%
2.8%
% Receivables Aged Past 90 Days
8.5%
2.1%
Average
+25% Profit
+25% Growth
Agency Billed vs. Direct Billed by Carrier
% of P&C Revenues that are Agency Billed
29.1%
36.7%
31.7%
% of P&C Revenues that are Direct Billed
63.5%
63.3%
54.0%