2007 Best Practices Study
Agencies with Revenues between $1,250,000 and $2,500,000
 
   
 

 

PROFILE
(of Agencies in this Study Group)
A. Average Total Revenues: $1,918,554
B. Population Density of Metropolitan Areas Where Home Office is Located
  Average +25% Profit +25% Growth
Less than 50,000 60.0% 63.2% 65.2%
50,000 – 250,000 20.0% 18.4% 19.6%
250,000 – 1,000,000 6.7% 5.3% 4.3%
More than 1,000,000 13.3% 13.2% 10.9%
C. Corporate Structure
C 46.7% 47.4% 47.8%
S 40.0% 36.8% 34.8%
Partnership 3.3% 2.6% 4.3%
LLC 10.0% 13.2% 13.0%
Sole Proprietorship 0.0% 0.0% 0.0%
Total # Agency locations 1.8 1.5 1.5
Agency has an ESOP 0.0% 0.0% 0.0%
% of Stock Owned by ESOP * * *
  Average +25% Profit +25% Growth
D. Shareholders
Number of Shareholders (excl ESOP) 2.5 2.4 2.8
High 8.0    
Low 1.0    
E. Ownership Percentage
% Owned by Largest Shareholder 71.6% 69.1% 70.9%
High 100.0%    
Low 30.0%    
F. Shareholder Age
Current Age of Largest Shareholder 53.5 52.0 53.4

 

 
     
  ©2007 by the Independent Insurance Agents & Brokers of America and Reagan Consulting. All Rights Reserved.