58 / 123
AGENCIES WITH REVENUES BETWEEN $2,500,000 AND $5,000,000
58
2006
PROFILE
REVENUES/
EXPENSES
FINANCIAL
STABILITY
EMPLOYEE
OVERVIEW
PRODUCER
INFO
SERVICE
STAFF
INFO
TECHNOLOGY
INSURANCE
CARRIERS
2006 Best Practices Study
PRODUCER INFORMATION
A.
New Producer Hiring
Where New Producers Were Found
Average
+25%
Profit
+25%
Growth
% of Agencies that Hired
a New Producer During
Last Fiscal Year
54.8% 37.5% 50.0%
Number of New
Producers Hired
1.4
1.0
1.5
Average Annual
Compensation Per New
Producer
$56,688 $48,000 $73,050
Another
insurance broker
54.9%
An insurance
carrier
20.6%
Directly from college
or graduate school
0.0%
Outside of Industry*
24.5%
*Other industries mentioned most often include Medical/Pharmaceutical, Payroll Services,
Advertising, Construction/Engineering, Banking/Financial Services, and Legal