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

 

PROFILE
(of Agencies in this Study Group)
G. Parent Corporation
  Average
Agency is Owned by Another Corporation 10.7%
Description of Parent Corporation
Financial Institution 33.3%
National Broker 0.0%
Other* 66.7%
H. Plans for Future Ownership of Agency
  Average
Sell to Employees/Family 50.0%
Sell to Third Party in 1 to 5 years 3.3%
Sell to Third Party in 6 to 10 years 6.7%
Sell to Third Party in 11+ years 13.3%
Merge with Privately-held Agency 0.0%
Uncertain at this Point 26.7%
 
     
  ©2007 by the Independent Insurance Agents & Brokers of America and Reagan Consulting. All Rights Reserved.