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2009 Best Practices Study | Agencies with Revenues Between $5,000,000 and $10,000,000 | Profile
Agencies with Revenues Between $5,000,000 and $10,000,000
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: $6,946,232
B. Population Density of Metropolitan Areas Where Home Office is Located
Average
+25% Profit
+25% Growth
Less than 50,000
25.9%
29.4%
31.7%
50,000 – 250,000
25.9%
20.6%
17.1%
250,000 – 1,000,000
29.6%
29.4%
29.3%
More than 1,000,000
18.5%
20.6%
22.0%
C. Corporate Structure
C
25.9%
26.5%
29.3%
S
63.0%
64.7%
63.4%
Partnership
3.7%
2.9%
2.4%
LLC
7.4%
5.9%
4.9%
Sole Proprietorship
0.0%
0.0%
0.0%
Total # Agency locations
3.1
2.0
2.1
Agency has an ESOP
11.1%
28.6%
14.3%
% of Stock Owned by ESOP
48.7%
50.3%
81.0%
D. Shareholders
Number of Shareholders
(excluding ESOP)
4.7
3.3
4.4
High
11.0
Low
1.0
E. Ownership Percentage
% Owned by Largest Shareholder
(excluding ESOP)
52.5%
65.9%
44.4%
High
100.0%
Low
7.5%
F. Shareholder Age
Current Age of Largest Shareholder
57.4
54.9
62.6
G. Parent Corporation
“Other” includes AAA,
joint venture, and another
insurance agency.
Agency is Owned by Another Corporation
3.7%
Description of Parent Corporation
Financial Institution
0.0%
National Broker
0.0%
Other
100.0%