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2008 Best Practices Study | Agencies with Revenues Between $2,500,000 and $5,000,000 | Financial Stability
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
Financial Stability
Accounts Receivable
Average
Top 25%
Balance Sheet
Current Ratio
1.38:1
1.91:1
Tangible Net Worth (% of Net Revenue)
6.8%
22.8%
Receivables/Payable Ratio
55.2%
9.8%
Aged Receivables
% Receivables Aged Past 60 Days
12.4%
2.0%
% Receivables Aged Past 90 Days
7.5%
2.4%
Average
+25% Profit
+25% Growth
Agency Billed vs. Direct Billed by Carrier
% of P&C Revenues that are Agency Billed
33.7%
28.9%
24.8%
% of P&C Revenues that are Direct Billed
63.3%
60.0%
75.2%