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

 

PROFILE
(of Agencies in this Study Group)
A. Average Total Revenues: $7,192,270
B. Population Density of Metropolitan Areas Where Home Office is Located
  Average +25% Profit +25% Growth
Less than 50,000 20.0% 26.3% 26.1%
50,000 – 250,000 23.3% 21.1% 17.4%
250,000 – 1,000,000 33.3% 28.9% 32.6%
More than 1,000,000 23.3% 23.7% 23.9%
C. Corporate Structure
C 36.7% 34.2% 34.8%
S 53.3% 55.3% 56.5%
Partnership 3.3% 2.6% 2.2%
LLC 6.7% 7.9% 6.5%
Sole Proprietorship 0.0% 0.0% 0.0%
Total # Agency locations 2.8 5.0 1.6
Agency has an ESOP 16.7% 0.0% 0.0%
% of Stock Owned by ESOP 63.9% * *
  Average +25% Profit +25% Growth
D. Shareholders
Number of Shareholders (excl ESOP) 4.4 3.4 4.8
High 9.0    
Low 1.0    
E. Ownership Percentage
% Owned by Largest Shareholder 53.1% 63.5% 52.5%
High 100.0%    
Low 7.4%    
F. Shareholder Age
Current Age of Largest Shareholder 54.4 58.4 54.6

 

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