90 / 123
AGENCIES WITH REVENUES BETWEEN $10,000,000 AND $25,000,000
90
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
93.1% 87.5% 100.0%
Number of New
Producers Hired
2.8
3.4
3.1
Average Annual
Compensation Per New
Producer
$74,126 $65,329 $69,263
Another
insurance broker
39.6%
An insurance
carrier
17.4%
Directly from college
or graduate school
13.6%
Outside of Industry*
25.8%
*Other industries mentioned most often include Accounting/Finance, Banking, Construction,
Medical/Healthcare, and Retail Sales.