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Analysis of Agencies with Revenues Between $2,500,000 and $5,000,000
Key Benchmarks
Profile
Revenues
Expenses
Profitability
Employee Overview
Producer Info
Staff Service Info
Technology
Insurance Carriers
Appendix
67
2011 Best
Practices Study
Agencies with
Revenues Between
$2,500,000 and
$5,000,000
Average
Top 25% Average
Top 25%
Commercial P&C
Personal P&C
Number
5.7
3.9
High
12.3
12.0
Low
1.0
0.1
Average Book Serviced (Commissions)
$272,402 $450,380
$184,158 $314,305
Average Pay ($)
$43,608
$35,556
Average Pay (% of Book Serviced)
16.0%
19.3%
L&H/Financial
Multi-Line
Number
1.9
*
High
4.0
*
Low
0.3
*
*
Average Book Serviced (Commissions)
$297,404 $417,062
*
Average Pay ($)
$35,066
*
Average Pay (% of Book Serviced)
11.8%
*
Service/Sales Support Staff
Average
Top 25%
Commercial P&C Account Executives
Number
3.6
High
10.0
Low
0.6
Average Book Serviced (Commissions)
$395,544
$573,743
Average Pay ($)
$64,480
Average Pay (% of Book Serviced)
16.3%
Personal P&C Account Executives
Number
3.3
High
9.3
Low
0.5
Average Book Serviced (Commissions)
$206,224
$277,333
Average Pay ($)
$47,108
Average Pay (% of Book Serviced)
22.8%
L&H / Financial Account Executives
Number
1.4
High
3.0
Low
0.5
Average Book Serviced (Commissions)
$378,172
$500,982
Average Pay ($)
$53,310
Average Pay (% of Book Serviced)
14.1%
Account Executives
The Account Executive
is defined as a senior
level service 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.
*Insufficient Data