2008 Best Practices Study
Agencies with Revenues between $1,250,000 and $2,500,000
 
   
 

 

PROFILE
(of Agencies in this Study Group)
A. Average Total Revenues: $1,889,151
B. Population Density of Metropolitan Areas Where Home Office is Located
  Average +25% Profit +25% Growth
Less than 50,000 61.3% 66.7% 63.8%
50,000 – 250,000 25.8% 23.1% 25.5%
250,000 – 1,000,000 0.0% 0.0% 0.0%
More than 1,000,000 12.9% 10.3% 10.6%
C. Corporate Structure
C 41.9% 41.0% 40.4%
S 45.2% 43.6% 42.6%
Partnership 3.2% 2.6% 2.1%
LLC 9.7% 12.8% 14.9%
Sole Proprietorship 0.0% 0.0% 0.0%
Total # Agency locations 1.8 1.6 1.4
Agency has an ESOP 0.0% 0.0% 0.0%
% of Stock Owned by ESOP N/A N/A N/A
  Average +25% Profit +25% Growth
D. Shareholders
Number of Shareholders (excl ESOP) 2.7 3.0 3.4
High 8.0    
Low 1.0    
E. Ownership Percentage
% Owned by Largest Shareholder 68.5% 69.2% 63.0%
High 100.0%    
Low 29.3%    
F. Shareholder Age
Current Age of Largest Shareholder 52.8 53.6 50.5

 

 

 
     
  ©2008 by the Independent Insurance Agents & Brokers of America and Reagan Consulting. All Rights Reserved.