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2008 Best Practices Study | Agencies with Revenues Between $10,000,000 and $25,000,000 | Profile
Agencies with Revenues Between $10,000,000 and $25,000,000
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: $15,277,507
B. Population Density of Metropolitan Areas Where Home Office is Located
Average
+25% Profit
+25% Growth
Less than 50,000
7.3%
7.7%
7.9%
50,000 – 250,000
26.8%
23.1%
25.4%
250,000 – 1,000,000
31.7%
34.6%
36.5%
More than 1,000,000
34.1%
34.6%
30.2%
C. Corporate Structure
C
24.4%
28.8%
27.0%
S
65.9%
61.5%
65.1%
Partnership
2.4%
1.9%
1.6%
LLC
7.3%
7.7%
6.3%
Sole Proprietorship
0.0%
0.0%
0.0%
Total # Agency locations
3.7
4.5
4.1
Agency has an ESOP
14.6%
9.1%
18.2%
% of Stock Owned by ESOP
43.1%
13.9%
39.2%
D. Shareholders
Number of Shareholders
(excluding ESOP)
9.5
7.6
7.1
High
31.0
Low
1.0
E. Ownership Percentage
% Owned by Largest Shareholder
(excluding ESOP)
45.9%
45.7%
56.6%
High
100.0%
Low
11.1%
F. Shareholder Age
Current Age of Largest Shareholder
55.3
56.2
53.0
G. Parent Corporation
“Other” includes AAA,
joint venture, and another
insurance agency.
Agency is Owned by Another Corporation
5.0%
Description of Parent Corporation
Financial Institution
50.0%
National Broker
0.0%
Other
50.0%