2008 Best Practices Study
Agencies with Revenues between $10,000,000 and $25,000,000
 
   
 

 

PROFILE
(of Agencies in this Study Group)
A. Average Total Revenues: $15,277,507
B. Population Density of Metropolitan Areas Where Home Office is Located
  Average +25% Profit +25% Growth
Less than 50,000 7.3% 7.7% 7.9%
50,000 – 250,000 26.8% 23.1% 25.4%
250,000 – 1,000,000 31.7% 34.6% 36.5%
More than 1,000,000 34.1% 34.6% 30.2%
C. Corporate Structure
C 24.4% 28.8% 27.0%
S 65.9% 61.5% 65.1%
Partnership 2.4% 1.9% 1.6%
LLC 7.3% 7.7% 6.3%
Sole Proprietorship 0.0% 0.0% 0.0%
Total # Agency locations 3.7 4.5 4.1
Agency has an ESOP 14.6% 9.1% 18.2%
% of Stock Owned by ESOP 43.1% 13.9% 39.2%
  Average +25% Profit +25% Growth
D. Shareholders
Number of Shareholders (excl ESOP) 9.5 7.6 7.1
High 31.0    
Low 1.0    
E. Ownership Percentage
% Owned by Largest Shareholder 45.9% 45.7% 56.6%
High 100.0%    
Low 11.1%    
F. Shareholder Age
Current Age of Largest Shareholder 55.3 56.2 53.0

 

 

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