2008 Best Practices Study
Agencies with Revenues between $2,500,000 and $5,000,000
 
   
 

 

PROFILE
(of Agencies in this Study Group)
A. Average Total Revenues: $3,758,867
B. Population Density of Metropolitan Areas Where Home Office is Located
  Average +25% Profit +25% Growth
Less than 50,000 24.2% 26.2% 29.4%
50,000 – 250,000 42.4% 42.9% 43.1%
250,000 – 1,000,000 18.2% 14.3% 13.7%
More than 1,000,000 15.2% 16.7% 13.7%
C. Corporate Structure
C 42.4% 40.5% 37.3%
S 42.4% 42.9% 45.1%
Partnership 6.1% 9.5% 11.8%
LLC 9.1% 7.1% 5.9%
Sole Proprietorship 0.0% 0.0% 0.0%
Total # Agency locations 1.8 1.6 2.4
Agency has an ESOP 6.1% 0.0% 0.0%
% of Stock Owned by ESOP 53.5% 0.0% 0.0%
  Average +25% Profit +25% Growth
D. Shareholders
Number of Shareholders (excl ESOP) 2.7 1.3 1.9
High 7.0    
Low 1.0    
E. Ownership Percentage
% Owned by Largest Shareholder 69.1% 86.1% 90.3%
High 100.0%    
Low 24.0%    
F. Shareholder Age
Current Age of Largest Shareholder 55.3 54.8 57.9

 

 

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