2009 Best Practices Study
Agencies with Revenues between $10,000,000 and $25,000,000
 
   
 

New Breakdown of Expenses—What This Means to You  |  Compensation Expense  |  Selling Expenses  |  Operating Expense   |  
Adminstrative Expense/Total Expenses
 |  Expense Growth Over Prior Year

Expenses (as % of NR)
  Average +25% Profit +25% Growth
Selling Expenses
T&E/Conventions 1.3% 1.5% 1.5%
Auto Expenditures 0.7% 0.5% 0.7%
Auto Depreciation 0.1% 0.1% 0.1%
Total Auto 0.7% 0.6% 0.8%
Advertising/Promotions 0.8% 0.9% 1.1%
Total Selling 2.9% 2.9% 3.4%

 

 
     
  ©2009 by the Independent Insurance Agents & Brokers of America and Reagan Consulting. All Rights Reserved.