2007 Best Practices Study
Agencies with Revenues over $25,000,000
 
   
 

 

Producer Information
New Producer Hiring
  Average +25% Profit +25% Growth
% of Agencies that Hired New Producers Last Year 96.0% 85.7% 85.7%
# of New Producers Hired Last Year 8.4 12.3 7.3
Average Annualized Wages per Producer Hired $87,111 $55,474 $94,425


Future Hiring Plans
  Average +25% Profit +25% Growth
% of Agencies That Plan to Hire a New Producer During Current Fiscal Year 92.0% 85.7% 71.4%
Number of Producers to be Hired 6.7 4.5 7.0


"Successful"
New Producers

55.4%
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.