2024 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

3.8%

21.4%

42.9%

Bainswest

3.4% 3.4% 3.4%

Combined Agents of America First Choice Agents Alliance Georgia Agency Partners Insurance Associates of America

19.4%

3.8% 1.9%

1.8%

7.1% 1.8%

2.8%

Insurors Group

5.7% 1.9% 1.9% 7.5%

1.8% 3.6% 7.1% 3.6%

ISU Insurance Agency Network

10.5%

3.4%

8.3%

3.6% 8.9%

Intersure

Keystone Insurers Group

13.8%

11.1%

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

3.4% 6.9% 3.4% 3.4%

2.8% 5.6% 2.8%

1.9% 3.8% 1.9%

3.6% 3.6% 8.9%

SecureRisk

3.6% 3.6%

SIAA

5.3% 5.3%

Smart Choice

SouthGroup Insurance

1.8%

The AC

5.3%

Iroquois Group

10.5% 57.9%

13.8% 31.0%

2.8%

3.8%

7.1%

3.6%

None of the Above

30.6%

45.3%

35.7%

19.6%

AGENCIES WITH REVENUES OF:

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

WASA

57.6

53.8

55.8

52.4

52.2

54.3

Shareholder Age Banding: Up to Age 35

1.5%

5.6%

1.9%

9.5%

4.5%

4.2%

Age 36 to 45 Age 46 to 55 Over Age 55

13.4% 28.9% 56.2%

24.4% 24.0% 46.0%

20.1% 19.6% 58.4%

20.9% 18.3% 48.5%

29.7% 25.5% 37.6%

14.8% 26.1% 43.0% 11.9%

Other (ESOP, Outside Investors, etc.)

0.0%

0.0%

0.0%

2.7%

2.8%

WASA: Weighted Average Shareholder Age

58.5

57.6

56.6

55.8

55.0

54.8

54.7

54.3

54.3

54.1

53.8

52.5

52.4

52.2

52.2

51.0

50.8

49.4

< $1.25M

$1.25-$2.5M

$2.5-$5M

$5-$10M

$10-$25M

> $25M

2022 BPS 2023 BPS 2024 BPS

Cross Category Comparison

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