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2008 Best Practices Study | Agencies with Revenues Over $25,000,000 | Profile
Agencies with Revenues Over $25,000,000
Appendix
Insurance
Carriers
Technology
Service
Staff Info
Producer
Info
Employee
Overview
Financial
Stability
Revenues/
Expenses
Profile
PROFILE
(of Agencies in this Study Group)
A. Average Total Revenues: $57,870,740
B. Population Density of Metropolitan Areas Where Home Office is Located
Average
+25% Profit
+25% Growth
Less than 50,000
8.0%
12.5%
12.8%
50,000 – 250,000
12.0%
12.5%
12.8%
250,000 – 1,000,000
40.0%
34.4%
38.5%
More than 1,000,000
40.0%
40.6%
35.9%
C. Corporate Structure
C
56.0%
56.3%
59.0%
S
32.0%
28.1%
25.6%
Partnership
4.0%
3.1%
2.6%
LLC
8.0%
12.5%
12.8%
Sole Proprietorship
0.0%
0.0%
0.0%
Total # Agency locations
12.1
21.1
14.1
Agency has an ESOP
36.0%
28.6%
42.9%
% of Stock Owned by ESOP
43.7%
61.9%
54.0%
D. Shareholders
Number of Shareholders
(excluding ESOP)
35.5
33.7
11.8
High
166.0
Low
1.0
E. Ownership Percentage
% Owned by Largest Shareholder
(excluding ESOP)
36.7%
58.2%
42.9%
High
100.0%
Low
6.3%
F. Shareholder Age
Current Age of Largest Shareholder
54.6
51.0
56.5
G. Parent Corporation
“Other” includes AAA,
joint venture, and another
insurance agency.
Agency is Owned by Another Corporation
24.0%
Description of Parent Corporation
Financial Institution
83.3%
National Broker
0.0%
Other
16.7%