59 / 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 $1,250,000 AND $2,500,000
58
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
38.7%
38.5%
40.4%
50,000 - 250,000
32.3%
33.3%
27.7%
250,000 - 1,000,000
9.7%
10.3%
12.8%
More than 1,000,000
19.4%
17.9%
19.1%
Description of Parent Corporation
Financial Institution
66.7%
National Broker
0.0%
Other
33.0%
Average
% of Participating Agencies
Owned by Another Corporation
10.0%
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
53.3%
Sell to Third Party in 1 to 5 years
0.0%
Sell to Third Party in 6 to 10 years
6.7%
Sell to Third Party in 11+ years
0.0%
Merge with Privately-held Agency
6.7%
Uncertain at this point
33.3%
"We aren't sure what we will do now. We've been approached a couple of
times by banks but never considered it (selling to a bank). Now that we've
been approached again we're thinking that maybe we should listen. They
have been in the business a while and have a pretty good track record."