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2008 Best Practices Study | Agencies with Revenues Over $25,000,000 | Financial Stability
Agencies with Revenues Over $25,000,000
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
1.26:1
1.70:1
Tangible Net Worth (% of Net Revenue)
3.4%
27.4%
Receivables/Payable Ratio
60.9%
31.7%
Aged Receivables
% Receivables Aged Past 60 Days
8.0%
2.6%
% Receivables Aged Past 90 Days
3.8%
0.7%
Average
+25% Profit
+25% Growth
Agency Billed vs. Direct Billed by Carrier
% of P&C Revenues that are Agency Billed
59.8%
51.7%
59.4%
% of P&C Revenues that are Direct Billed
36.2%
34.0%
26.3%