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119
2007 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
Executive
Perspectives
Profile
PROFILE
(of Agencies in this Study Group)
A. Average Total Revenues: $14,600,364
B. Population Density of Metropolitan Areas Where Home Office is Located
Average
+25% Profit
+25% Growth
Less than 50,000
10.0%
10.5%
13.0%
50,000 – 250,000
23.3%
21.1%
17.4%
250,000 – 1,000,000
16.7%
15.8%
15.2%
More than 1,000,000
50.0%
52.6%
54.3%
C. Corporate Structure
C
30.0%
31.6%
30.4%
S
56.7%
57.9%
60.9%
Partnership
3.3%
2.6%
2.2%
LLC
10.0%
7.9%
6.5%
Sole Proprietorship
0.0%
0.0%
0.0%
Total # Agency locations
3.4
4.6
2.4
Agency has an ESOP
20.0%
12.5%
12.5%
% of Stock Owned by ESOP
42.9%
14.0%
14.0%
D. Shareholders
Number of Shareholders (excluding ESOP)
9.5
11.0
4.3
High
31.0
Low
1.0
E. Ownership Percentage
% Owned by Largest Shareholder
50.4%
34.1%
60.7%
High
100.0%
Low
16.4%
F. Shareholder Age
Current Age of Largest Shareholder
54.7
55.7
52.3
“Partners aren’t made 9 to 5.”