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2008 Best Practices Study | Agencies with Revenues Between $1,250,000 and $2,500,000 | Producer Info
Appendix
Insurance
Carriers
Technology
Service
Staff Info
Producer
Info
Employee
Overview
Financial
Stability
Revenues/
Expenses
Profile
Agencies with Revenues Between $1,250,000 and $2,500,000
Productivity—Producers
(continued)
Most Successful Producer Productivity
Commercial P&C
Group L&H
New Commissions Produced Annually
Average
$92,622
$53,996
Top 25%
$190,041
$116,584
Total Commissions in Producer’s Book
Average
$549,478
$270,662
Top 25%
$976,324
$657,271
Average Commissions per Account
Average
$3,820
$2,465
Top 25%
$9,302
$6,604
Producer Information
New Producer Hiring
Average
+25% Profit
+25% Growth
% of Agencies that Hired New Producers Last Year
35.2%
37.5%
37.5%
# of New Producers Hired Last Year
1.2
1.7
1.3
Average Annualized Wages per Producer Hired
$41,593
$30,667
$38,000
How Most Successful Producers Spent Time
Commercial P&C
Group L&H