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91
2007 Best Practices Study | Agencies with Revenues Between $5,000,000 and $10,000,000 | Profile
Agencies with Revenues Between $5,000,000 and $10,000,000
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: $7,192,270
B. Population Density of Metropolitan Areas Where Home Office is Located
Average
+25% Profit
+25% Growth
Less than 50,000
20.0%
26.3%
26.1%
50,000 – 250,000
23.3%
21.1%
17.4%
250,000 – 1,000,000
33.3%
28.9%
32.6%
More than 1,000,000
23.3%
23.7%
23.9%
C. Corporate Structure
C
36.7%
34.2%
34.8%
S
53.3%
55.3%
56.5%
Partnership
3.3%
2.6%
2.2%
LLC
6.7%
7.9%
6.5%
Sole Proprietorship
0.0%
0.0%
0.0%
Total # Agency locations
2.8
5.0
1.6
Agency has an ESOP
16.7%
0.0%
0.0%
% of Stock Owned by ESOP
63.9%
*
*
D. Shareholders
Number of Shareholders (excluding ESOP)
4.4
3.4
4.8
High
9.0
Low
1.0
E. Ownership Percentage
% Owned by Largest Shareholder
53.1%
63.5%
52.5%
High
100.0%
Low
7.4%
F. Shareholder Age
Current Age of Largest Shareholder
54.4
58.4
54.6
*Insufficient Data