131 / 186
F.
Parent Corporation
G.
Plans for Future Ownership of Agency
H.
Population Density of Metropolitan Area Where Home Office Is Located
AGENCIES WITH REVENUES BETWEEN $10,000,000 AND $25,000,000
130
EXECUTIVE
PERSPECTIVES
PROFILE
REVENUES/
EXPENSES
FINANCIAL
STABILITY
EMPLOYEE
OVERVIEW
PRODUCER
INFO
SERVICE
STAFF
INFO
TECHNOLOGY
INSURANCE
CARRIERS
APPENDIX
Average
+25%
Profit
+25%
Growth
Less than 50,000
3.1%
2.5%
2.1%
50,000 - 250,000
21.9%
22.5%
22.9%
250,000 - 1,000,000
28.1%
30.0%
29.2%
More than 1,000,000
46.9%
45.0%
45.8%
Description of Parent Corporation
Financial Institution
100.0%
National Broker
0.0%
Other
0.0%
Average
% of Participating Agencies
Owned by Another Corporation
6.9%
For more detail on
bank-owned agency
performance, see
Observations of
Bank-Owned
Agencies
on page
175 of this Study.
Average
Sell to Employees/Family
64.5%
Sell to Third Party in 1 to 5 years
6.5%
Sell to Third Party in 6 to 10 years
3.2%
Sell to Third Party in 11+ years
3.2%
Merge with Privately-held Agency
0.0%
Uncertain at this point
22.6%
“I used to think that ‘getting started early’ was the key to
perpetuation. I’ve come to realize that even the most
well thought-out plan is no guarantee of
success in perpetuating our agency.
It is a never-ending struggle.”