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2007 Best Practices Study | Agencies with Revenues Between $2,500,000 and $5,000,000 | Revenues/Expenses
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
Revenues
(% by Source)
Average
+25% Profit
+25% Growth
Property & Casualty
Commercial Commissions & Fees
49.8%
43.7%
56.6%
Bonds
2.5%
2.6%
5.5%
Personal P&C
25.7%
38.0%
21.8%
Value Added Services
0.2%
0.0%
0.2%
Contingent/Bonus
10.4%
9.1%
11.1%
Total P&C
88.7%
93.5%
95.1%
Life & Health/Financial
Group Commissions & Fees
7.6%
3.0%
2.6%
Individual Commissions & Fees
1.3%
1.4%
0.2%
Value Added Services
0.0%
0.0%
0.0%
Bonus/Overrides
0.0%
0.0%
0.0%
Total L&H/Financial
9.2%
4.5%
2.8%
Investments
1.1%
0.9%
1.0%
Miscellaneous
1.0%
1.1%
1.0%
Gross Revenues
100.0%
100.0%
100.0%
Brokerage Commission Expense
0.9%
1.4%
0.2%
Net Revenues
99.1%
98.6%
99.8%
Future Revenue Sources
% of Agencies Considering Line of Business as Very Important:
Personal Lines
63.3%
Small Commercial Lines
66.7%
Individual Life & Health
23.3%
Group Life & Health
50.0%
Surety/Bonding
30.0%