2023 Best Practices Study

AGENCIES WITH REVENUES OF:

<$1.25M $1.25-$2.5M $2.5-$5M $5-$10M $10-$25M >$25M

Is your agency a member of a franchise, cluster, alliance/cooperative/network or other "aggregator" group? Assurex Global

-

-

-

1.8%

20.8%

38.3%

Bainswest

-

3.4%

-

-

-

-

Combined Agents of America

-

3.4%

16.7%

3.6%

1.9%

-

First Choice Agents Alliance

-

3.4%

-

3.6%

1.9%

6.4%

Georgia Agency Partners

-

-

2.4%

-

-

2.1%

Insurance Associates of America

-

-

2.4%

-

-

2.1%

Insurors Group

4.5%

3.4%

-

7.3%

1.9%

-

ISU Insurance Agency Network

9.1%

6.9%

7.1%

1.8%

1.9%

4.3%

Intersure

-

-

-

1.8%

9.4%

8.5%

Keystone Insurers Group

-

10.3%

14.3%

7.3%

3.8%

-

Renaissance Alliance Insurance Services / Agency Network Exchange / United Valley Insurance Services

-

3.4%

2.4%

5.5%

1.9%

2.1%

SecureRisk

-

3.4%

7.1%

5.5%

3.8%

6.4%

SIAA

9.1%

6.9%

7.1%

1.8%

11.3%

2.1%

Smart Choice

4.5%

3.4%

-

1.8%

-

-

Iroquois Group

9.1%

6.9%

2.4%

-

11.3%

4.3%

None of the Above

63.6%

48.3%

35.7%

52.7%

43.4%

42.6%

AGENCIES WITH REVENUES OF:

<$1.25M $1.25-$2.5M $2.5-$5M $5-$10M $10-$25M >$25M

WASA

58.5

49.4

54.3

52.2

54.7

56.6

WASA: Weighted Average Shareholder Age

58.5

56.6

55.7

55.0

54.8

54.8

54.7

54.3

54.2

54.1

52.5

52.5

52.2

52.0

51.0

51.0

50.8

49.4

< $1.25M

$1.25-$2.5M

$2.5-$5M

$5-$10M

$10-$25M

> $25M

2021 BPS 2022 BPS 2023 BPS

Cross Category Comparison

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