2009 Best Practices Study
Agencies with Revenues over $25,000,000
 
   
 

 

PROFILE
(of Agencies in this Study Group)
A. Average Total Revenues: $58,101,936
B. Population Density of Metropolitan Areas Where Home Office is Located
  Average +25% Profit +25% Growth
Less than 50,000 7.4% 8.8% 9.8%
50,000 – 250,000 18.5% 14.7% 14.6%
250,000 – 1,000,000 29.6% 32.4% 29.3%
More than 1,000,000 44.4% 44.1% 46.3%
C. Corporate Structure
C 48.1% 52.9% 46.3%
S 40.7% 35.3% 39.0%
Partnership 3.7% 2.9% 4.9%
LLC 7.4% 8.8% 9.8%
Sole Proprietorship 0.0% 0.0% 0.0%
Total # Agency locations 11.3 17.9 4.6
Agency has an ESOP 29.6% 28.6% 28.6%
% of Stock Owned by ESOP 42.2% 25.7% 25.7%
  Average +25% Profit +25% Growth
D. Shareholders
Number of Shareholders (excl ESOP) 33.3 23.0 20.0
High 164.0    
Low 1.0    
E. Ownership Percentage
% Owned by Largest Shareholder 33.6% 23.8% 28.0%
High 100.0%    
Low 5.4%    
F. Shareholder Age
Current Age of Largest Shareholder 54.8 51.5 53.8

 

 

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