Best Practices
ContentsBest Practices GatewayReagan Consulting
 
  2011 Best Practices Study
  Agencies with Revenues between $2,500,000 and $5,000,000
ProfileRevenuesExpensesProfitabilityEmployee OverviewProducer InformationStaff Service InformationTechnologyInsurance CarriersAppendix
Compensation Expense  |  Selling Expenses  |  Operating Expense   |  Adminstrative Expense/Total Expenses  |  Expense Growth Over Prior Year

 
Expenses (as % of Net Revenues)
  Average +25% Profit +25% Growth
Administrative Expenses
Amortization of Intangibles 1.0% 0.0% 2.2%
Officer Life 0.2% 0.1% 0.2%
Interest 0.9% 0.5% 1.3%
Other 0.3% 0.1% 0.2%
Total Administrative 2.4% 0.7% 3.9%
Total Expenses 84.4% 75.5% 80.3%

 

 

 

 
  ©2011 by the Independent Insurance Agents & Brokers of America and Reagan Consulting. All Rights Reserved.