14 / 131
14
2008 Best Practices Study | Agencies with Revenues Under $1,250,000 | Producer Info
Appendix
Insurance
Carriers
Technology
Service
Staff Info
Producer
Info
Employee
Overview
Financial
Stability
Revenues/
Expenses
Profile
Agencies with Revenues Under $1,250,000
How Most Successful Producers Spent Time
Commercial P&C
Group L&H
Productivity—Producers
(continued)
Most Successful Producer Productivity
Commercial P&C
Group L&H
New Commissions Produced Annually
Average
$64,561
$14,240
Top 25%
$133,286
$23,269
Total Commissions in Producer’s Book
Average
$255,883
$75,467
Top 25%
$386,377
$133,075
Average Commissions per Account
Average
$2,941
$2,609
Top 25%
$7,578
$8,350
Producer Information
New Producer Hiring
Average
+25% Profit
+25% Growth
% of Agencies that Hired New Producers Last Year
18.8%
*
*
# of New Producers Hired Last Year
1.0
*
*
Average Annualized Wages per Producer Hired
$45,000
*
*
*Insufficient Data