2008 Best Practices Study
Agencies with Revenues under $1,250,000
 
   
 

Rev. % By Source/Future Rev. Sources  | Aquisition Info  |  Rev. Growth By Source:  P&C  L&H  Total 

Revenues
(% by Source) Average +25% Profit +25% Growth
Property & Casualty
Commercial Comm. & Fees 46.5% 46.2% 50.5%
Bonds 2.1% 0.5% 6.3%
Personal P&C 35.7% 40.0% 29.1%
Value Added Services 0.4% 0.0% 1.3%
Contingent/Bonus 8.1% 7.7% 8.9%
Total P&C 92.9% 94.4% 96.0%
Life & Health / Financial
Group Commissions & Fees 4.2% 3.8% 0.7%
Individual Commissions & Fees 1.2% 1.0% 1.7%
Value Added Services 0.7% 0.0% 0.0%
Bonus/Overrides 0.0% 0.0% 0.0%
Total L&H/Financial 6.1% 4.8% 2.4%
Investments 0.8% 0.8% 1.3%
Miscellaneous 0.1% 0.0% 0.4%
Gross Revenues 100.0% 100.0% 100.0%
Less Brokerage Commission Expense 0.1% 0.0% 0.0%
Net Revenues 99.9% 100.0% 100.0%
% of Revenues Derived from:
  Average +25% Profit +25% Growth
Largest Account 4.2% 2.8% 5.0%
High 19.7%    
Low 1.1%    
10 Largest Accounts 16.0% 12.1% 17.6%
High 41.4%    
Low 5.7%    

 

Future Revenue Sources
% of Agencies Considering Line of Business as Very Important:

Personal Lines 81.3%
Small Commercial Lines 84.4%
Individual Life & Health 25.0%
Group Life & Health 18.8%
Surety/Bonding 18.8%

 

 
     
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