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2007 Best Practices Study | Agencies with Revenues Under $1,250,000 | Profile
Agencies with Revenues Under $1,250,000
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: $724,802
B. Population Density of Metropolitan Areas Where Home Office is Located
Average
+25% Profit
+25% Growth
Less than 50,000
63.9%
62.2%
64.8%
50,000 – 250,000
13.9%
15.6%
13.0%
250,000 – 1,000,000
11.1%
11.1%
9.3%
More than 1,000,000
11.1%
11.1%
13.0%
C. Corporate Structure
C
33.3%
33.3%
29.6%
S
55.6%
55.6%
59.3%
Partnership
2.8%
2.2%
1.9%
LLC
5.6%
6.7%
7.4%
Sole Proprietorship
2.8%
2.2%
1.9%
Total # Agency locations
1.1
1.2
1.3
Agency has an ESOP
0.0%
0.0%
0.0%
% of Stock Owned by ESOP
*
*
*
D. Shareholders
Number of Shareholders (excluding ESOP)
1.8
2.8
2.8
High
6.0
Low
1.0
E. Ownership Percentage
% Owned by Largest Shareholder
79.9%
77.1%
75.1%
High
100.0%
Low
46.0%
F. Shareholder Age
Current Age of Largest Shareholder
50.5
46.8
46.8
*Insufficient Data