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2013 Best

Practices Study

Agencies

with Revenues

Between

$10,000,000 and

$25,000,000

156

Analysis of Agencies with Revenues Between $10,000,000 and $25,000,000

Key Benchmarks

Mgmt. Perspectives

Profile

Revenues

Expenses

Profitability

Employee Overview

Producer Info

Service Staff Info

Technology

Insurance Carriers

Appendix

Service Staff Payroll Information

Average

+25% Profit

+25% Growth

Pay Ranges by Service Position

AE

Average Low

$74,989

$72,613

$84,060

Average High

$116,082

$97,315

$122,250

CSR

Average Low

$41,678

$41,669

$39,433

Average High

$78,011

$69,190

$79,854

Processor/Asst CSR

Average Low

$32,233

$32,266

$31,584

Average High

$45,790

$44,785

$50,873

Marketing

Average Low

$58,601

*

$78,333

Average High

$92,167

*

$82,833

Claims

Average Low

$45,650

$51,138

$36,937

Average High

$70,368

$65,110

$77,654

AE

Average Low

$60,046

$68,859

*

Average High

$87,154

$104,672

*

CSR

Average Low

$36,688

$37,936

$34,851

Average High

$68,810

$49,476

$56,848

Processor/Asst CSR

Average Low

$31,496

$31,500

$34,671

Average High

$36,457

$34,500

$41,052

Marketing

Average Low

*

*

*

Average High

*

*

*

Claims

Average Low

$36,999

*

*

Average High

$50,891

*

*

AE

Average Low

$88,237

$73,598

$102,009

Average High

$115,849

$82,398

$121,209

CSR

Average Low

$44,022

$41,931

$44,447

Average High

$68,258

$68,081

$66,089

Processor/Asst CSR

Average Low

$32,069

$31,478

$32,287

Average High

$37,389

$35,078

$33,037

Marketing

Average Low

$43,407

*

*

Average High

$54,727

*

*

Claims

Average Low

*

*

*

Average High

*

*

*

COMMERCIAL LINES

PERSONAL LINES

GROUP LIFE & HEALTH/FINANCIAL

*Insufficient Data