2007 Best Practices Study
Agencies with Revenues between $2,500,000 and $5,000,000
 
   
 

 

PROFILE
(of Agencies in this Study Group)
A. Average Total Revenues: $3,942,456
B. Population Density of Metropolitan Areas Where Home Office is Located
  Average +25% Profit +25% Growth
Less than 50,000 20.0% 18.4% 19.6%
50,000 – 250,000 46.7% 50.0% 45.7%
250,000 – 1,000,000 13.3% 10.5% 10.9%
More than 1,000,000 20.0% 21.1% 23.9%
C. Corporate Structure
C 30.0% 31.6% 32.6%
S 43.3% 42.1% 37.0%
Partnership 10.0% 10.5% 10.9%
LLC 16.7% 15.8% 19.6%
Sole Proprietorship 0.0% 0.0% 0.0%
Total # Agency locations 1.8 2.0 1.6
Agency has an ESOP 3.3% 0.0% 0.0%
% of Stock Owned by ESOP 65.0% * *
  Average +25% Profit +25% Growth
D. Shareholders
Number of Shareholders (excl ESOP) 2.7 2.3 2.0
High 7.0    
Low 1.0    
E. Ownership Percentage
% Owned by Largest Shareholder 66.4% 64.6% 63.0%
High 100.0%    
Low 24.0%    
F. Shareholder Age
Current Age of Largest Shareholder 53.1 57.6 57.3

 

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