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2008 Best Practices Study | Agencies with Revenues Over $25,000,000 | Producer Info
Appendix
Insurance
Carriers
Technology
Service
Staff Info
Producer
Info
Employee
Overview
Financial
Stability
Revenues/
Expenses
Profile
Agencies with Revenues Over $25,000,000
Productivity—Producers
(continued)
Most Successful Producer Productivity
Commercial P&C
Group L&H
New Commissions Produced Annually
Average
$297,103
$236,006
Top 25%
$505,394
$408,179
Total Commissions in Producer’s Book
Average
$1,824,793
$1,508,868
Top 25%
$3,099,462
$2,974,774
Average Commissions per Account
Average
$38,075
$39,663
Top 25%
$81,150
$93,134
How Most Successful Producers Spent Time
Producer Information
New Producer Hiring
Average
+25% Profit
+25% Growth
% of Agencies that Hired New Producers Last Year
100.0%
100.0%
100.0%
# of New Producers Hired Last Year
9.4
12.9
11.3
Average Annualized Wages per Producer Hired
$94,771
$81,983
$112,901
Commercial P&C
Group L&H