2007 Best Practices Study

Agencies with Revenues Between $5,000,000 and $10,000,000

Executive Perspectives

Profile

Revenues/ Expenses

Financial Stability

Employee Overview

Producer Info

Service Staff Info

Technology

Insurance Carriers

Appendix

G. Parent Corporation

Average

10.0%

Agency is Owned by Another Corporation

“Other” includes AAA, joint venture, and another insurance agency.

Description of Parent Corporation

Financial Institution

33.3%

National Broker

0.0%

Other

66.7%

H. Plans for Future Ownership of Agency

Average

Sell to Employees/Family

62.1%

Sell to Third Party in 1 to 5 years

3.4%

Sell to Third Party in 6 to 10 years

0.0%

Sell to Third Party in 11+ years

6.9%

Merge with Privately-held Agency

0.0%

Uncertain at this Point

27.6%

“Being privately-held gives us an advantage in hiring the best employees and allows us to create the most positive environment for them. Our customers appreciate the fact that we are privately-held, as well.”

92 2007 Best Practices Study | Agencies with Revenues Between $5,000,000 and $10,000,000 | Profile