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

 

PROFILE
(of Agencies in this Study Group)
G. Parent Corporation
  Average
Agency is Owned by Another Corporation 6.9%
Description of Parent Corporation  
Financial Institution 100.0%
National Broker 0.0%
Other 0.0%
H. Plans for Future Ownership of Agency
  Average
Sell to Employees/Family 58.6%
Sell to Third Party in 1 to 5 years 3.4%
Sell to Third Party in 6 to 10 years 3.4%
Sell to Third Party in 11+ years 10.3%
Merge with Privately-held Agency 3.4%
Uncertain at this Point 20.7%
 
     
  ©2007 by the Independent Insurance Agents & Brokers of America and Reagan Consulting. All Rights Reserved.