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PROFILE (of Agencies in this Study Group)
A.
Average Total Revenues:
$1,873,227
B.
Corporate Structure
C.
Shareholders
D.
Ownership Percentage
E.
Shareholder Age
AGENCIES WITH REVENUES BETWEEN $1,250,000 AND $2,500,000
2006
PROFILE
REVENUES/
EXPENSES
FINANCIAL
STABILITY
EMPLOYEE
OVERVIEW
PRODUCER
INFO
SERVICE
STAFF
INFO
TECHNOLOGY
INSURANCE
CARRIERS
33
2006 Best Practices Study
Average
+25%
Profit
+25%
Growth
C
46.2%
48.5%
50.0%
S
46.2%
39.4%
35.0%
Partnership
0.0%
0.0%
0.0%
LLC
7.7%
12.1%
15.0%
Sole Proprietorship
0.0%
0.0%
0.0%
Average
+25%
Profit
+25%
Growth
Number of Shareholders
2.4
2.0
2.0
High
5.0
Low
1.0
Average
+25%
Profit
+25%
Growth
% Owned by Largest Shareholder
64.2%
63.4% 63.0%
High
100.0%
Low
1.0%
Average
+25%
Profit
+25%
Growth
Current Age of
Largest Shareholder
53.2
55.2
55.6