31 / 131
31
2008 Best Practices Study | Agencies with Revenues Between $1,250,000 and $2,500,000 | Financial Stability
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
Financial Stability
Accounts Receivable
Average
Top 25%
Balance Sheet
Current Ratio
1.46:1
2.20:1
Tangible Net Worth (% of Net Revenue)
15.9%
31.3%
Receivables/Payable Ratio
61.0%
-13.6%
Aged Receivables
% Receivables Aged Past 60 Days
181.4%
2.1%
% Receivables Aged Past 90 Days
191.0%
0.6%
Average
+25% Profit
+25% Growth
Agency Billed vs. Direct Billed by Carrier
% of P&C Revenues that are Agency Billed
34.0%
34.9%
54.4%
% of P&C Revenues that are Direct Billed
66.0%
65.1%
45.6%