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

 

PROFILE
(of Agencies in this Study Group)
A. Average Total Revenues: $52,802,488
B. Population Density of Metropolitan Areas Where Home Office is Located
  Average +25% Profit +25% Growth
Less than 50,000 12.0% 15.6% 12.8%
50,000 – 250,000 16.0% 18.8% 15.4%
250,000 – 1,000,000 40.0% 34.4% 38.5%
More than 1,000,000 32.0% 31.3% 33.3%
C. Corporate Structure
C 56.0% 56.3% 59.0%
S 32.0% 28.1% 28.2%
Partnership 4.0% 3.1% 2.6%
LLC 8.0% 12.5% 10.3%
Sole Proprietorship 0.0% 0.0% 0.0%
Total # Agency locations 11.7 19.0 7.0
Agency has an ESOP 32.0% 28.6% 28.6%
% of Stock Owned by ESOP 47.6% 57.1% 47.5%
  Average +25% Profit +25% Growth
D. Shareholders
Number of Shareholders (excl ESOP) 28.0 31.0 35.7
High 157.0    
Low 1.0    
E. Ownership Percentage
% Owned by Largest Shareholder 41.0% 34.9% 44.2%
High 100.0%    
Low 6.3%    
F. Shareholder Age
Current Age of Largest Shareholder 53.9 52.0 52.2

 

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