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2015 Best

Practices Study

Agencies

with Revenues

Over

$25,000,000

153

Analysis of Agencies with Revenues Over $25,000,000

Key Benchmarks

Profile

Revenues

Expenses

Profitability

Employee Overview

Producer Info

Service Staff Info

Technology

Insurance Carriers

Appendix

Note: See page 163 for an explanation of column headings

Service Staff Payroll Information

Average

Top 25% Profit Top 25% Growth

Pay Ranges by Service Position

AE

Average Lowest Pay

$75,715

$68,869

$87,550

Average Highest Pay

$160,192

$153,101

$178,598

CSR

Average Lowest Pay

$42,213

$36,697

$46,105

Average Highest Pay

$95,846

$79,162

$103,514

Processor/Asst CSR

Average Lowest Pay

$33,067

$29,371

$39,513

Average Highest Pay

$53,781

$46,027

$64,165

Marketing

Average Lowest Pay

$62,738

$64,258

$57,440

Average Highest Pay

$131,833

$112,762

$114,852

Claims

Average Lowest Pay

$51,333

$47,582

$55,622

Average Highest Pay

$112,166

$97,242

$111,841

AE

Average Lowest Pay

$60,133

$53,274

*

Average Highest Pay

$93,229

$77,108

*

CSR

Average Lowest Pay

$43,312

$41,116

$65,208

Average Highest Pay

$67,950

$63,948

$71,434

Processor/Asst CSR

Average Lowest Pay

$32,364

$22,935

$33,500

Average Highest Pay

$43,493

$32,500

$49,186

Marketing

Average Lowest Pay

*

*

*

Average Highest Pay

*

*

*

Claims

Average Lowest Pay

$47,307

*

*

Average Highest Pay

$59,604

*

*

AE

Average Lowest Pay

$77,128

$74,062

$91,996

Average Highest Pay

$152,417

$106,366

$146,855

CSR

Average Lowest Pay

$43,515

$42,668

$54,801

Average Highest Pay

$93,591

$77,211

$93,797

Processor/Asst CSR

Average Lowest Pay

$35,856

$30,605

$39,353

Average Highest Pay

$50,911

$42,391

$56,733

Marketing

Average Lowest Pay

$59,017

*

*

Average Highest Pay

$128,365

*

*

Claims

Average Lowest Pay

*

*

*

Average Highest Pay

*

*

*

COMMERCIAL LINES

PERSONAL LINES

GROUP LIFE & HEALTH/FINANCIAL

*Insufficient Data