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2008 Best Practices Study | Agencies with Revenues Between $5,000,000 and $10,000,000 | Financial Stability
Agencies with Revenues Between $5,000,000 and $10,000,000
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
1.44:1
2.08:1
Tangible Net Worth (% of Net Revenue)
9.1%
28.5%
Receivables/Payable Ratio
52.4%
7.0%
Aged Receivables
% Receivables Aged Past 60 Days
7.0%
3.3%
% Receivables Aged Past 90 Days
-3.7%
0.9%
Average
+25% Profit
+25% Growth
Agency Billed vs. Direct Billed by Carrier
% of P&C Revenues that are Agency Billed
40.2%
35.9%
33.2%
% of P&C Revenues that are Direct Billed
59.8%
64.1%
66.8%