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PROFILE (of Agencies in this Study Group)
A.
Average Total Revenues:
$347,138
B.
Corporate Structure
C.
Shareholders
D.
Ownership Percentage
E.
Shareholder Age
AGENCIES WITH REVENUES UNDER $500,000
2006
PROFILE
REVENUES/
EXPENSES
FINANCIAL
STABILITY
EMPLOYEE
OVERVIEW
PRODUCER
INFO
SERVICE
STAFF
INFO
TECHNOLOGY
INSURANCE
CARRIERS
1
2006 Best Practices Study
Average
+25%
Profit
+25%
Growth
C
46.7%
36.8%
34.8%
S
40.0%
47.4%
52.2%
Partnership
0.0%
0.0%
0.0%
LLC
6.7%
5.3%
4.3%
Sole Proprietorship
6.7%
10.5%
8.7%
Average
+25%
Profit
+25%
Growth
Number of Shareholders
1.7
1.8
1.5
High
4.0
Low
1.0
Average
+25%
Profit
+25%
Growth
% Owned by Largest Shareholder
77.8%
71.2% 75.0%
High
100.0%
Low
35.0%
Average
+25%
Profit
+25%
Growth
Current Age of
Largest Shareholder
55.9
49.5
51.5