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2008 Best Practices Study | Agencies with Revenues Between $1,250,000 and $2,500,000 | Profile
Agencies with Revenues Between $1,250,000 and $2,500,000
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: $1,889,151
B. Population Density of Metropolitan Areas Where Home Office is Located
Average
+25% Profit
+25% Growth
Less than 50,000
61.3%
66.7%
63.8%
50,000 – 250,000
25.8%
23.1%
25.5%
250,000 – 1,000,000
0.0%
0.0%
0.0%
More than 1,000,000
12.9%
10.3%
10.6%
C. Corporate Structure
C
41.9%
41.0%
40.4%
S
45.2%
43.6%
42.6%
Partnership
3.2%
2.6%
2.1%
LLC
9.7%
12.8%
14.9%
Sole Proprietorship
0.0%
0.0%
0.0%
Total # Agency locations
1.8
1.6
1.4
Agency has an ESOP
0.0%
0.0%
0.0%
% of Stock Owned by ESOP
N/A
N/A
N/A
D. Shareholders
Number of Shareholders
(excluding ESOP)
2.7
3.0
3.4
High
8.0
Low
1.0
E. Ownership Percentage
% Owned by Largest Shareholder
(excluding ESOP)
68.5%
69.2%
63.0%
High
100.0%
Low
29.3%
F. Shareholder Age
Current Age of Largest Shareholder
52.8
53.6
50.5
G. Parent Corporation
“Other” includes AAA,
joint venture, and another
insurance agency.
Agency is Owned by Another Corporation
3.3%
Description of Parent Corporation
Financial Institution
100.0%
National Broker
0.0%
Other
0.0%