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2007 Best Practices Study | Agencies with Revenues Between $5,000,000 and $10,000,000 | Profile
Appendix
Insurance
Carriers
Technology
Service
Staff Info
Producer
Info
Employee
Overview
Financial
Stability
Revenues/
Expenses
Executive
Perspectives
Profile
Agencies with Revenues Between $5,000,000 and $10,000,000
G. Parent Corporation
Average
“Other” includes AAA, joint venture, and
another insurance agency.
Agency is Owned by Another Corporation
10.0%
Description of Parent Corporation
Financial Institution
33.3%
National Broker
0.0%
Other
66.7%
H. Plans for Future Ownership of Agency
Average
Sell to Employees/Family
62.1%
Sell to Third Party in 1 to 5 years
3.4%
Sell to Third Party in 6 to 10 years
0.0%
Sell to Third Party in 11+ years
6.9%
Merge with Privately-held Agency
0.0%
Uncertain at this Point
27.6%
“Being privately-held gives us an advantage in hiring the best employees
and allows us to create the most positive environment for them. Our
customers appreciate the fact that we are privately-held, as well.”