58 / 123
AGENCIES WITH REVENUES BETWEEN $2,500,000 AND $5,000,000
58
2005
PROFILE
REVENUES/
EXPENSES
FINANCIAL
STABILITY
EMPLOYEE
OVERVIEW
PRODUCER
INFO
SERVICE
STAFF
INFO
TECHNOLOGY
INSURANCE
CARRIERS
PRODUCER INFORMATION
A.
New Producer Hiring
Where New Producers Were Found
Average
+25%
Profit
+25%
Growth
% of Agencies that Hired
a New Producer During
Last Fiscal Year
45.2% 37.5% 62.5%
Number of New
Producers Hired
1.7
2.3
1.8
Average Annual
Compensation Per New
Producer
$46,243 $31,333 $36,200
Another
insurance broker
31.1%
An insurance
carrier
28.2%
Directly from college
or graduate school
8.9%
Outside of Industry*
31.8%
*Other industries mentioned most often include Accounting/Finance, Banking, Construction,
Medical/Healthcare, and Retail Sales