2008 Best Practices Study
Agencies with Revenues over $25,000,000
 
   
 

 

PROFILE
(of Agencies in this Study Group)
A. Average Total Revenues: $57,870,740
B. Population Density of Metropolitan Areas Where Home Office is Located
  Average +25% Profit +25% Growth
Less than 50,000 8.0% 12.5% 12.8%
50,000 – 250,000 12.0% 12.5% 12.8%
250,000 – 1,000,000 40.0% 34.4% 38.5%
More than 1,000,000 40.0% 40.6% 35.9%
C. Corporate Structure
C 56.0% 56.3% 59.0%
S 32.0% 28.1% 25.6%
Partnership 4.0% 3.1% 2.6%
LLC 8.0% 12.5% 12.8%
Sole Proprietorship 0.0% 0.0% 0.0%
Total # Agency locations 12.1 21.1 14.1
Agency has an ESOP 36.0% 28.6% 42.9%
% of Stock Owned by ESOP 43.7% 61.9% 54.0%
  Average +25% Profit +25% Growth
D. Shareholders
Number of Shareholders (excl ESOP) 35.5 33.7 11.8
High 166.0    
Low 1.0    
E. Ownership Percentage
% Owned by Largest Shareholder 36.7% 58.2% 42.9%
High 100.0%    
Low 6.3%    
F. Shareholder Age
Current Age of Largest Shareholder 54.6 51.0 56.5

 

 

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