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2008 Best Practices Study | Agencies with Revenues Under $1,250,000 | Financial Stability
Agencies with Revenues Under $1,250,000
Appendix
Insurance
Carriers
Technology
Service
Staff Info
Producer
Info
Employee
Overview
Financial
Stability
Revenues/
Expenses
Profile
Financial Stability
Accounts Receivable
Average
Top 25%
Balance Sheet
Current Ratio
1.37:1
2.12:1
Tangible Net Worth (% of Net Revenue)
11.7%
30.4%
Receivables/Payable Ratio
73.5%
14.3%
Aged Receivables
% Receivables Aged Past 60 Days
17.5%
7.5%
% Receivables Aged Past 90 Days
10.1%
6.1%
Average
+25% Profit
+25% Growth
Agency Billed vs. Direct Billed by Carrier
% of P&C Revenues that are Agency Billed
13.6%
7.5%
18.6%
% of P&C Revenues that are Direct Billed
86.4%
92.5%
81.4%