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2009 Best Practices Study | Agencies with Revenues Between $1,250,000 and $2,500,000 | Producer Info
Appendix
Insurance
Carriers
Technology
Service
Staff Info
Producer
Info
Employee
Overview
Financial
Stability
Revenues/
Expenses
Profile
Agencies with Revenues Between $1,250,000 and $2,500,000
Productivity—Producers
(continued)
Most Successful Producer Productivity
Commercial P&C
Group L&H
New Commissions Produced Annually
Average
$93,198
$46,776
Top 25%
$180,879
$97,010
Total Commissions in Producer’s Book
Average
$589,568
$201,816
Top 25%
$1,011,404
$409,562
Average Commissions per Account
Average
$4,115
$3,021
Top 25%
$9,097
$8,085
How Most Successful Producers Spent Time
Producer Information
New Producer Hiring
Average
+25% Profit
+25% Growth
% of Agencies that Hired New Producers Last Year
40.7%
28.6%
*
# of New Producers Hired Last Year
1.0
1.0
*
Average Annualized Wages per Producer Hired
$41,250
*
*
Commercial P&C
Group L&H
*Insufficient Data