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2007 Best Practices Study | Agencies with Revenues Between $1,250,000 and $2,500,000 | Profile
Appendix
Insurance
Carriers
Technology
Service
Staff Info
Producer
Info
Employee
Overview
Financial
Stability
Revenues/
Expenses
Executive
Perspectives
Profile
Agencies with Revenues Between $1,250,000 and $2,500,000
G. Parent Corporation
Average
Agency is Owned by Another Corporation
6.9%
Description of Parent Corporation
Financial Institution
100.0%
National Broker
0.0%
Other
0.0%
H. Plans for Future Ownership of Agency
Average
Sell to Employees/Family
58.6%
Sell to Third Party in 1 to 5 years
3.4%
Sell to Third Party in 6 to 10 years
3.4%
Sell to Third Party in 11+ years
10.3%
Merge with Privately-held Agency
3.4%
Uncertain at this Point
20.7%
“We have been in business since 1945. We do much more than
insurance. We can sell, rent, insure, and manage your property, all
under one roof. It is a competitive advantage for us.”