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2009 Best Practices Study | Agencies with Revenues Between $10,000,000 and $25,000,000 | Profile
Agencies with Revenues Between $10,000,000 and $25,000,000
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: $14,766,033
B. Population Density of Metropolitan Areas Where Home Office is Located
Average
+25% Profit
+25% Growth
Less than 50,000
7.9%
10.4%
10.3%
50,000 – 250,000
15.8%
12.5%
10.3%
250,000 – 1,000,000
42.1%
39.6%
43.1%
More than 1,000,000
34.2%
37.5%
36.2%
C. Corporate Structure
C
26.3%
31.3%
32.8%
S
63.2%
58.3%
56.9%
Partnership
5.3%
6.3%
6.9%
LLC
5.3%
4.2%
3.4%
Sole Proprietorship
0.0%
0.0%
0.0%
Total # Agency locations
3.5
5.1
5.8
Agency has an ESOP
18.4%
10.0%
0.0%
% of Stock Owned by ESOP
42.0%
13.9%
0.0%
D. Shareholders
Number of Shareholders
(excluding ESOP)
8.9
5.4
6.6
High
31.0
Low
1.0
E. Ownership Percentage
% Owned by Largest Shareholder
(excluding ESOP)
45.1%
47.9%
54.4%
High
100.0%
Low
11.0%
F. Shareholder Age
Current Age of Largest Shareholder
55.0
53.6
56.0
G. Parent Corporation
“Other” includes AAA,
joint venture, and another
insurance agency.
Agency is Owned by Another Corporation
10.8%
Description of Parent Corporation
Financial Institution
50.0%
National Broker
0.0%
Other
50.0%