2007 Best Practices Study
Agencies with Revenues under $1,250,000
 
   
 

 

PROFILE
(of Agencies in this Study Group)
A. Average Total Revenues: $724,802
B. Population Density of Metropolitan Areas Where Home Office is Located
  Average +25% Profit +25% Growth
Less than 50,000 63.9% 62.2% 64.8%
50,000 – 250,000 13.9% 15.6% 13.0%
250,000 – 1,000,000 11.1% 11.1% 9.3%
More than 1,000,000 11.1% 11.1% 13.0%
C. Corporate Structure
C 33.3% 33.3% 29.6%
S 55.6% 55.6% 59.3%
Partnership 2.8% 2.2% 1.9%
LLC 5.6% 6.7% 7.4%
Sole Proprietorship 2.8% 2.2% 1.9%
Total # Agency locations 1.1 1.2 1.3
Agency has an ESOP 0.0% 0.0% 0.0%
% of Stock Owned by ESOP * * *
  Average +25% Profit +25% Growth
D. Shareholders
Number of Shareholders (excl ESOP) 1.8 2.8 2.8
High 6.0    
Low 1.0    
E. Ownership Percentage
% Owned by Largest Shareholder 79.9% 77.1% 75.1%
High 100.0%    
Low 46.0%    
F. Shareholder Age
Current Age of Largest Shareholder 50.5 46.8 46.8

 

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