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2007 Best Practices Study | Agencies with Revenues Between $1,250,000 and $2,500,000 | Profile
Agencies with Revenues Between $1,250,000 and $2,500,000
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: $1,918,554
B. Population Density of Metropolitan Areas Where Home Office is Located
Average
+25% Profit
+25% Growth
Less than 50,000
60.0%
63.2%
65.2%
50,000 – 250,000
20.0%
18.4%
19.6%
250,000 – 1,000,000
6.7%
5.3%
4.3%
More than 1,000,000
13.3%
13.2%
10.9%
C. Corporate Structure
C
46.7%
47.4%
47.8%
S
40.0%
36.8%
34.8%
Partnership
3.3%
2.6%
4.3%
LLC
10.0%
13.2%
13.0%
Sole Proprietorship
0.0%
0.0%
0.0%
Total # Agency locations
1.8
1.5
1.5
Agency has an ESOP
0.0%
0.0%
0.0%
% of Stock Owned by ESOP
*
*
*
D. Shareholders
Number of Shareholders (excluding ESOP)
2.5
2.4
2.8
High
8.0
Low
1.0
E. Ownership Percentage
% Owned by Largest Shareholder
71.6%
69.1%
70.9%
High
100.0%
Low
30.0%
F. Shareholder Age
Current Age of Largest Shareholder
53.5
52.0
53.4
*Insufficient Data