2007 Best Practices Study
Agencies with Revenues between $5,000,000 and $10,000,000
 
   
 

 

Producer Information
New Producer Hiring
  Average +25% Profit +25% Growth
% of Agencies that Hired New Producers Last Year 66.7% 87.5% 87.5%
# of New Producers Hired Last Year 2.0 2.0 1.9
Average Annualized Wages per Producer Hired $52,825 $52,857 $46,857


Future Hiring Plans
  Average +25% Profit +25% Growth
% of Agencies That Plan to Hire a New Producer During Current Fiscal Year 83.3% 100.0% 87.5%
Number of Producers to be Hired 1.7 1.4 1.6


"Successful"
New Producers

64.2%
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.