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PROFILE (of Agencies in this Study Group)
A.
Average Total Revenues:
$7,028,401
B.
Corporate Structure
C.
Shareholders
D.
Ownership Percentage
E.
Shareholder Age
AGENCIES WITH REVENUES BETWEEN $5,000,000 AND $10,000,000
2006
PROFILE
REVENUES/
EXPENSES
FINANCIAL
STABILITY
EMPLOYEE
OVERVIEW
PRODUCER
INFO
SERVICE
STAFF
INFO
TECHNOLOGY
INSURANCE
CARRIERS
65
2006 Best Practices Study
Average
+25%
Profit
+25%
Growth
C
44.1%
39.5%
40.4%
S
44.1%
44.2%
44.2%
Partnership
2.9%
4.7%
5.8%
LLC
8.8%
11.6%
9.6%
Sole Proprietorship
0.0%
0.0%
0.0%
Average
+25%
Profit
+25%
Growth
Number of Shareholders
4.7
5.8
3.8
High
10.0
Low
1.0
Average
+25%
Profit
+25%
Growth
% Owned by Largest Shareholder
47.2%
45.0% 37.4%
High
100.0%
Low
7.1%
Average
+25%
Profit
+25%
Growth
Current Age of
Largest Shareholder
54.7
54.6
52.3