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2009 Best Practices Study | Agencies with Revenues Between $2,500,000 and $5,000,000 | Financial Stability
Agencies with Revenues Between $2,500,000 and $5,000,000
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
1.42:1
2.11:1
Tangible Net Worth (% of Net Revenue)
10.1%
23.8%
Receivables/Payable Ratio
31.7%
-28.8%
Aged Receivables
% Receivables Aged Past 60 Days
77.6%
1.4%
% Receivables Aged Past 90 Days
78.5%
5.2%
Average
+25% Profit
+25% Growth
Agency Billed vs. Direct Billed by Carrier
% of P&C Revenues that are Agency Billed
31.8%
27.2%
36.4%
% of P&C Revenues that are Direct Billed
68.2%
72.8%
63.6%