76 / 168
2014 Best
Practices Study
Agencies
with Revenues
Between
$2,500,000 and
$5,000,000
76
Analysis of Agencies with Revenues Between $2,500,000 and $5,000,000
Key Benchmarks
Profile
Revenues
Expenses
Profitability
Employee Overview
Producer Info
Service Staff Info
Technology
Insurance Carriers
Appendix
Average
Top 25%
Information Technology Employees (FTE)
Number
0.8
High
2.6
Low
0.0
Number of IT Employees per 100 users
N/A
Revenue per IT Employee
$3,149,271
$4,097,167
Total IT Payroll Expense ($)
$46,628
$100,526
As % of Total Compensation Expense
2.3%
As % of Net Revenues
1.3%
1
Includes hardware/software leasing including offsite applications, supplies, maintenance & maintenance contracts, training, data lines, internet providers,
website development/maintenance, outside consulting fees, computer depreciation, software amortization, and any non-depreciated hardware/software.
Technology
Agency Management System Utilized
Average
+25% Profit
+25% Growth
Total IT Expenses
1
(as % of net revenues)
2.2%
2.0%
2.4%
Other included Xanatek-IMS, Navigator,
and Custom
TAM
39.6%
AMS360
37.5%
EPIC
8.3%
Other
4.2%
AFW
2.1%
Instar
2.1%
Vision
2.1%
DORIS
2.1%
Sagitta
2.1%