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PROFILE (of Agencies in this Study Group)
A.
Average Total Revenues:
$3,545,421
B.
Corporate Structure
C.
Shareholders
D.
Ownership Percentage
E.
Shareholder Age
AGENCIES WITH REVENUES BETWEEN $2,500,000 AND $5,000,000
2006
PROFILE
REVENUES/
EXPENSES
FINANCIAL
STABILITY
EMPLOYEE
OVERVIEW
PRODUCER
INFO
SERVICE
STAFF
INFO
TECHNOLOGY
INSURANCE
CARRIERS
49
2006 Best Practices Study
Average
+25%
Profit
+25%
Growth
C
48.4%
43.6%
42.6%
S
41.9%
43.6%
44.7%
Partnership
3.2%
5.1%
4.3%
LLC
6.5%
7.7%
8.5%
Sole Proprietorship
0.0%
0.0%
0.0%
Average
+25%
Profit
+25%
Growth
Number of Shareholders
2.7
2.3
2.7
High
7.0
Low
1.0
Average
+25%
Profit
+25%
Growth
% Owned by Largest Shareholder
69.3%
80.7% 80.8%
High
100.0%
Low
13.0%
Average
+25%
Profit
+25%
Growth
Current Age of
Largest Shareholder
53.9
50.7
50.0