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PROFILE (of Agencies in this Study Group)
A.
Average Total Revenues:
$807,350
B.
Corporate Structure
C.
Shareholders
D.
Ownership Percentage
E.
Shareholder Age
AGENCIES WITH REVENUES BETWEEN $500,000 AND $1,250,000
2006
PROFILE
REVENUES/
EXPENSES
FINANCIAL
STABILITY
EMPLOYEE
OVERVIEW
PRODUCER
INFO
SERVICE
STAFF
INFO
TECHNOLOGY
INSURANCE
CARRIERS
17
2006 Best Practices Study
Average
+25%
Profit
+25%
Growth
C
33.3%
29.6%
30.3%
S
57.1%
63.0%
63.6%
Partnership
0.0%
0.0%
0.0%
LLC
9.5%
7.4%
6.1%
Sole Proprietorship
0.0%
0.0%
0.0%
Average
+25%
Profit
+25%
Growth
Number of Shareholders
2.4
3.2
2.0
High
6.0
Low
1.0
Average
+25%
Profit
+25%
Growth
% Owned by Largest Shareholder
66.5%
58.7% 75.7%
High
100.0%
Low
40.0%
Average
+25%
Profit
+25%
Growth
Current Age of
Largest Shareholder
52.6
48.3
52.3