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2008 Best Practices Study | Agencies with Revenues Between $10,000,000 and $25,000,000 | Financial Stability
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
Financial Stability
Accounts Receivable
Average
Top 25%
Balance Sheet
Current Ratio
1.22:1
1.79:1
Tangible Net Worth (% of Net Revenue)
10.8%
27.0%
Receivables/Payable Ratio
45.3%
3.6%
Aged Receivables
% Receivables Aged Past 60 Days
10.9%
1.1%
% Receivables Aged Past 90 Days
12.5%
1.1%
Average
+25% Profit
+25% Growth
Agency Billed vs. Direct Billed by Carrier
% of P&C Revenues that are Agency Billed
49.3%
52.9%
46.0%
% of P&C Revenues that are Direct Billed
50.7%
47.1%
54.0%