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

 

PROFILE
(of Agencies in this Study Group)
A. Average Total Revenues: $14,600,364
B. Population Density of Metropolitan Areas Where Home Office is Located
  Average +25% Profit +25% Growth
Less than 50,000 10.0% 10.5% 13.0%
50,000 – 250,000 23.3% 21.1% 17.4%
250,000 – 1,000,000 16.7% 15.8% 15.2%
More than 1,000,000 50.0% 52.6% 54.3%
C. Corporate Structure
C 30.0% 31.6% 30.4%
S 56.7% 57.9%
60.9%
Partnership 3.3% 2.6% 2.2%
LLC 10.0% 7.9% 6.5%
Sole Proprietorship 0.0% 0.0% 0.0%
Total # Agency locations 3.4 4.6 2.4
Agency has an ESOP 20.0% 12.5% 12.5%
% of Stock Owned by ESOP 42.9% 14.0% 14.0%
  Average +25% Profit +25% Growth
D. Shareholders
Number of Shareholders (excl ESOP) 9.5 11.0 4.3
High 31.0    
Low 1.0    
E. Ownership Percentage
% Owned by Largest Shareholder 50.4% 34.1% 60.7%
High 100.0%    
Low 16.4%    
F. Shareholder Age
Current Age of Largest Shareholder 54.7 55.7 52.3

 

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