55 / 191
2010 Best
Practices Study
Agencies
with Revenues
Between
$1,250,000 and
$2,500,000
55
Analysis of Agencies with Revenues Between $1,250,000 and $2,500,000
Mgmt. Perspectives
Profile
Revenues
Expenses
Profitability
Employee Overview
Producer Info
Staff Service Info
Technology
Insurance Carriers
Appendix
Average
Top 25% Average
Top 25%
Commercial P&C
Personal P&C
Number
2.9
3.2
High
6.5
11.0
Low
1.0
0.5
Average Book Serviced (Commissions)
$256,826
$405,483
$177,147
$283,943
Average Pay ($)
$44,274
$38,692
Average Pay (% of Book Serviced)
17.2%
21.8%
L&H/Financial
Multi-Line
Number
0.9
3.2
High
3.0
7.0
Low
0.2
1.0
Average Book Serviced (Commissions)
$241,979
$415,024
$229,190
$395,500
Average Pay ($)
$33,653
$42,983
Average Pay (% of Book Serviced)
13.9%
18.8%
Service/Sales Support Staff
Average
Top 25%
Commercial P&C Account Executives
Number
2.3
High
4.0
Low
0.5
Average Book Serviced (Commissions)
$395,279
$617,633
Average Pay ($)
$53,499
Average Pay (% of Book Serviced)
13.5%
L&H / Financial Account Executives
Number
0.6
High
1.0
Low
0.2
Average Book Serviced (Commissions)
$18,185
$71,088
Average Pay ($)
$4,374
Average Pay (% of Book Serviced)
24.1%
Account Executives
The Account Executive
is defined as a senior
level position whose
responsibility is to
manage the overall
service plan/activities
for an existing book of
business. Although the
AE may have limited
sales responsibilities,
for the purposes of the
study, they are
classified as Service
Staff. The position is
often created to
support and enable a
producer to focus on
new business
production.