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2008 Best Practices Study | Agencies with Revenues Between $2,500,000 and $5,000,000 | Profile
Agencies with Revenues Between $2,500,000 and $5,000,000
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: $3,758,867
B. Population Density of Metropolitan Areas Where Home Office is Located
Average
+25% Profit
+25% Growth
Less than 50,000
24.2%
26.2%
29.4%
50,000 – 250,000
42.4%
42.9%
43.1%
250,000 – 1,000,000
18.2%
14.3%
13.7%
More than 1,000,000
15.2%
16.7%
13.7%
C. Corporate Structure
C
42.4%
40.5%
37.3%
S
42.4%
42.9%
45.1%
Partnership
6.1%
9.5%
11.8%
LLC
9.1%
7.1%
5.9%
Sole Proprietorship
0.0%
0.0%
0.0%
Total # Agency locations
1.8
1.6
2.4
Agency has an ESOP
6.1%
0.0%
0.0%
% of Stock Owned by ESOP
53.5%
0.0%
0.0%
D. Shareholders
Number of Shareholders
(excluding ESOP)
2.7
1.3
1.9
High
7.0
Low
1.0
E. Ownership Percentage
% Owned by Largest Shareholder
(excluding ESOP)
69.1%
86.1%
90.3%
High
100.0%
Low
24.0%
F. Shareholder Age
Current Age of Largest Shareholder
55.3
54.8
57.9
G. Parent Corporation
“Other” includes AAA,
joint venture, and another
insurance agency.
Agency is Owned by Another Corporation
13.3%
Description of Parent Corporation
Financial Institution
50.0%
National Broker
0.0%
Other
50.0%