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2009 Best Practices Study | Agencies with Revenues Between $5,000,000 and $10,000,000 | Financial Stability
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
Financial Stability
Accounts Receivable
Average
Top 25%
Balance Sheet
Current Ratio
1.37:1
2.05:1
Tangible Net Worth (% of Net Revenue)
5.6%
25.6%
Receivables/Payable Ratio
44.1%
-1.2%
Aged Receivables
% Receivables Aged Past 60 Days
13.2%
1.2%
% Receivables Aged Past 90 Days
0.4%
1.2%
Average
+25% Profit
+25% Growth
Agency Billed vs. Direct Billed by Carrier
% of P&C Revenues that are Agency Billed
33.4%
37.5%
29.7%
% of P&C Revenues that are Direct Billed
66.6%
62.5%
70.3%