63 / 185
63
2007 Best Practices Study | Agencies with Revenues Between $2,500,000 and $5,000,000 | Profile
Agencies with Revenues Between $2,500,000 and $5,000,000
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: $3,942,456
B. Population Density of Metropolitan Areas Where Home Office is Located
Average
+25% Profit
+25% Growth
Less than 50,000
20.0%
18.4%
19.6%
50,000 – 250,000
46.7%
50.0%
45.7%
250,000 – 1,000,000
13.3%
10.5%
10.9%
More than 1,000,000
20.0%
21.1%
23.9%
C. Corporate Structure
C
30.0%
31.6%
32.6%
S
43.3%
42.1%
37.0%
Partnership
10.0%
10.5%
10.9%
LLC
16.7%
15.8%
19.6%
Sole Proprietorship
0.0%
0.0%
0.0%
Total # Agency locations
1.8
2.0
1.6
Agency has an ESOP
3.3%
0.0%
0.0%
% of Stock Owned by ESOP
65.0%
*
*
D. Shareholders
Number of Shareholders (excluding ESOP)
2.7
2.3
2.0
High
7.0
Low
1.0
E. Ownership Percentage
% Owned by Largest Shareholder
66.4%
64.6%
63.0%
High
100.0%
Low
24.0%
F. Shareholder Age
Current Age of Largest Shareholder
53.1
57.6
57.3
*Insufficient Data