2007 Best Practices Study
Agencies with Revenues between $10,000,000 and $25,000,000
 
   
 

 

Producer Information
New Producer Hiring
  Average +25% Profit +25% Growth
% of Agencies that Hired New Producers Last Year 90.0% 75.0% 87.5%
# of New Producers Hired Last Year 3.3 4.2 3.6
Average Annualized Wages per Producer Hired $67,108 $51,684 $68,525


Future Hiring Plans
  Average +25% Profit +25% Growth
% of Agencies That Plan to Hire a New Producer During Current Fiscal Year 86.7% 62.5% 75.0%
Number of Producers to be Hired 3.3 5.4 3.0

"Successful"
New Producers

59.7%
of producers hired over the last 5 years have met their production goals

 

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