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2008 Best Practices Study | Agencies with Revenues Between $10,000,000 and $25,000,000 | Producer Info
Appendix
Insurance
Carriers
Technology
Service
Staff Info
Producer
Info
Employee
Overview
Financial
Stability
Revenues/
Expenses
Profile
Agencies with Revenues Between $10,000,000 and $25,000,000
Productivity—Producers
(continued)
Most Successful Producer Productivity
Commercial P&C
Group L&H
New Commissions Produced Annually
Average
$228,649
$178,505
Top 25%
$481,592
$384,475
Total Commissions in Producer’s Book
Average
$1,493,555
$1,086,149
Top 25%
$2,541,656
$2,285,269
Average Commissions per Account
Average
$19,766
$25,466
Top 25%
$49,918
$69,117
How Most Successful Producers Spent Time
Producer Information
New Producer Hiring
Average
+25% Profit
+25% Growth
% of Agencies that Hired New Producers Last Year
82.9%
63.6%
72.7%
# of New Producers Hired Last Year
3.1
3.7
3.4
Average Annualized Wages per Producer Hired
$64,072
$58,057
$72,968
Commercial P&C
Group L&H