74 / 123
AGENCIES WITH REVENUES BETWEEN $5,000,000 AND $10,000,000
74
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
81.8% 77.8% 88.9%
Number of New
Producers Hired
2.4
2.1
4.0
Average Annual
Compensation Per New
Producer
$69,050 $77,286 $72,651
Another
insurance broker
40.0%
An insurance
carrier
28.9%
Directly from college
or graduate school
4.2%
Outside of Industry*
26.8%
*Other industries mentioned most often include Accounting/Finance, Banking, Construction,
Medical/Healthcare, and Retail Sales.