25-27BPStudyCovers

PROFILE

AGENCIES WITH REVENUES OF:

<$1.25M $1.25-2.5M $2.5-5M $5-10M $10-25M $25-100M >$100M

Median Revenues

$721,680 $871,418

$1,918,997 $1,856,293

$3,309,754 $3,800,198

$7,166,763 $14,571,515 $43,691,652 $150,979,587

2025 BPS Median Revenues

$6,988,950

$15,824,113

$40,340,744

$137,829,972

Regional Distribution Northeast

11.1% 16.7% 16.7% 50.0%

21.6% 29.7%

12.7% 36.4%

20.4% 29.6%

16.2% 23.0% 12.2% 29.7% 16.2%

16.7% 31.0% 23.8% 11.9% 11.9%

5.6%

Midwest

33.3% 16.7% 38.9%

West

5.4%

5.5%

7.4%

Southeast Southwest

29.7% 13.5%

38.2%

29.6% 13.0%

5.6% 0.0%

7.3% 0.0%

5.6% 0.0%

Outside the U.S.

0.0%

0.0%

2.7%

4.8%

Corporate Structure C Corp

5.6%

10.8% 54.1%

12.7% 63.6%

14.8% 57.4%

27.0% 45.9%

28.6% 45.2%

11.8% 47.1% 11.8% 29.4%

S Corp

61.1%

Partnership

0.0%

0.0%

0.0%

3.7%

2.7%

0.0%

LLC

27.8%

35.1%

23.6%

24.1%

23.0%

23.8%

Sole Proprietorship

5.6% 0.0%

0.0% 0.0%

0.0% 0.0%

0.0% 0.0%

1.4% 0.0%

0.0% 2.4%

0.0% 0.0%

Other

Population Density: Less than 50,000 50,000 - 250,000 250,000 - 1,000,000

33.3% 22.2% 33.3% 11.1%

40.5% 35.1%

50.9% 25.5% 10.9% 12.7%

38.9% 20.4% 14.8% 25.9%

28.4% 27.0% 20.3% 24.3%

21.4% 16.7% 26.2% 35.7%

17.6% 29.4% 29.4% 23.5%

8.1%

More than 1,000,000

16.2%

Median Number of Agency Locations

1.0

1.0

2.0

2.0

3.0

5.0

12.5

Number of Shareholders: Low

1.0 1.0 3.0

1.0 2.0 6.0

1.0 2.0 5.0

1.0 3.0

1.0 4.0

1.0

2.0

Median

18.0

82.5

High

11.0

17.0

100.0

346.0

Profile of Largest Shareholder Average Age of Largest Shareholder: Low

35.0 57.0 71.0

36.0 50.0 72.0

35.0 58.0 74.0

34.0 57.0 77.0

37.0 56.0 79.0

34.0 58.0 76.0

45.0 59.5 78.0

Median

High

Average Ownership of Largest SH: Low

50.0%

34.0% 90.0%

31.0% 55.0%

24.5% 51.0%

15.1% 50.0%

4.5%

0.8%

Median

100.0% 100.0%

31.0%

15.0% 83.0%

High

100.0%

100.0%

100.0%

100.0%

100.0%

What percentage of firms have an ESOP? What percentage of firms are the branch/subsidiary of another corporation?

0.0%

0.0%

0.0%

1.9%

2.7%

11.9%

16.7%

0.0%

8.1%

9.1%

11.1%

23.0%

19.0%

5.9%

Cross Category Comparison

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