The Premium Report on Insurance Agencies and Brokerages contains information used by Marketing Departments in many of the Fortune 1,000 companies and beyond. The report helps identify industry changes, trends, key players, and growth opportunities.
Current State of the Industry
Market Size
Market Forecast
Products and Services Breakdown
Financial Statements - Income Statement
Salary & Compensation Statistics
Key Companies
Public Company News
Largest Government Vendors
Current State of the Insurance Agencies and Brokerages Industry
This section provides answers to five fundamental and commonly-asked questions about the industry:- What is the total market size ($ millions)?
- How much has the market grown or declined?
- Are long term forecasts positive or negative?
- How large is the average company?
- How many companies are in the industry?
Market Size - Insurance Agencies and Brokerages
The total U.S. market size for the Insurance Agencies and Brokerages industry includes all companies, both public and private. In addition to total revenue, the table contains details on employees, companies, and average firm size.| Metrics | 2004 2005 2006 2007 2008 2009 | |
|---|---|---|
| Market Size (Total Industry Sales) |
Available Included with Instant Access Order at top of page | |
| Total Firms | ||
| Total Locations (Headquarters and Branches) | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
Market Forecast - Insurance Agencies and Brokerages
Market forecasts show the long term outlook for the Insurance Agencies and Brokerages industry. The following five-year forecast utilizes advanced econometric techniques that take into account both short-term and long-term industry trends.| Forecast | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
|---|---|---|---|---|---|---|
| Revenue ($ billion) | AVAILABLE | |||||
Product & Services Breakdown
The following products and services account for the largest source of revenues in the Insurance Agencies and Brokerages industry. Note that there are multiple levels of classification, so some line items are contained within other lines.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
AVAILABLE | ||
Brokering And Dealing Products - Equities |
AVAILABLE | ||
Financial Planning And Investment Management Products |
AVAILABLE | ||
Financial Planning And Investment Mgt Serv For Bus & Govt |
AVAILABLE | ||
Personal Financial Planning And Advice Products |
AVAILABLE | ||
Personal Investment Management Products |
AVAILABLE | ||
Insurance Brokerage And Agency Products - Commissions |
AVAILABLE | ||
Life And Accident Insurance - Commissions |
AVAILABLE | ||
Health And Medical Insurance - Commissions |
AVAILABLE | ||
Property & Casualty Insurance - Personal Lines - Commissions |
AVAILABLE | ||
Property & Casualty Insurance - Commercial Lines - Commissions |
AVAILABLE | ||
Annuity Insurance - Commissions |
AVAILABLE | ||
Title Insurance - Commissions |
AVAILABLE | ||
Other Insurance Brokerage & Agency Products - Commissions |
AVAILABLE | ||
Claims Adjustment Products |
AVAILABLE | ||
Insurance Consulting Products |
AVAILABLE | ||
Other Products Related To Insurance |
AVAILABLE | ||
Third Party Admin & Mgt Of Pension Funds/Plans - Fees |
AVAILABLE | ||
Third Party Admin & Mgt Of Hlth And/Or Welfare Funds/Plans - Fees |
AVAILABLE | ||
Third Party Admin & Mgt Of Workers' Comp Self-Insurance - Fees |
AVAILABLE | ||
Third Party Admin And Management Of Other Self-Insurance - Fees |
AVAILABLE | ||
Other Products Related To Insurance - Fees |
AVAILABLE | ||
Title Search, Title Reconveyance, & Title Abstract Service Fees |
AVAILABLE | ||
Other Products |
AVAILABLE | ||
Income Statement (Average Financial Metrics) - Insurance Agencies and Brokerages
Financial metrics provide a snapshot view of an "average" company in the Insurance Agencies and Brokerages industry. Key business metrics show revenue and operating costs. The data collected is industry-wide, covering both public and private companies in the industry.| Industry Average | Percent of Sales | |
|---|---|---|
| Total Revenue | AVAILABLE Included in Report Order at top of page |
|
| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit | ||
Financial Ratio Analysis - Insurance Agencies and Brokerages
Financial ratios can be used to compare how a company in the Insurance Agencies and Brokerages industry is performing relative to its peers. Financial ratios are calculated from the industry-average for income statements and balance sheets.| Liquidity Ratios - Insurance Agencies and Brokerages Industry | Industry Average |
|---|---|
| Liquidity Ratios measure how liquid a business is. Bankers and suppliers may use these to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
Included |
| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
Included |
| Efficiency Ratios - Insurance Agencies and Brokerages Industry | Industry Average |
|---|---|
| Efficiency Ratios measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low compared to the industry average, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
Included |
| Average Collection Period Based on the Receivables Turnover Ratio, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover Ratio |
Included |
| Inventory Turnover Ratio A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
Included |
| Fixed-Asset Turnover Ratio Generally, a higher ratio is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
Included |
Geographic Distribution
The concentration of employees by states indicates how the industry (companies and workforce) is distributed throughout the country.Move mouse over states to see employment numbers
Note: Round numbers are estimates. Precise numbers are actuals.
Compensation & Salary Surveys for Employees Working in Insurance Agencies and Brokerages
Compensation statistics provides an accurate assessment of jobs in the Insurance Agencies and Brokerages industry and national salary averages. This information can be used to asses which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management occupations | 4% |
AVAILABLE Included in Report Order at top of page |
||
| Chief executives | 0% | |||
| General and operations managers | 2% | |||
| Business and financial operations occupations | 9% | |||
| Claims adjusters, examiners, and investigators | 21% | |||
| Computer and mathematical science occupations | 6% | |||
| Sales and related occupations | 37% | |||
| Insurance sales agents | 34% | |||
| Office and administrative support occupations | 47% | |||
| Customer service representatives | 13% | |||
| Insurance claims and policy processing clerks | 11% | |||
| Office clerks, general | 6% | |||
Companies in Insurance Agencies and Brokerages and Adjacent Industries
| Company | Address | Key Contact |
|---|---|---|
| AVAILABLE | AVAILABLE | AVAILABLE |
Public Insurance Agencies and Brokerages Company News
Web scan for recent news about publicly traded companies in the Insurance Agencies and Brokerages industry.Government Contracts Related to Insurance Agencies and Brokerages
In 2008, the federal government spent a total of $146,524,185 on Insurance Agencies and Brokerages. It has awarded 306 contracts to 78 companies, with an average value of $1,878,515 per company.Top government vendors:
| Company | Federal Contracts | Total Award Amount |
|---|---|---|
| AVAILABLE | AVAILABLE | AVAILABLE |
The Industry Report on Insurance Agencies and Brokerages contains the key pieces of information used by strategy and management consultants to identify market trends and accurately measure growth and industry performance.
Current State of the Industry
Market Size
Financial Statements - Income Statement
Salary & Compensation Statistics
Key Companies
Public Company News
Current State of the Insurance Agencies and Brokerages Industry
This section provides answers to five fundamental and commonly-asked questions about the industry:- What is the total market size ($ millions)?
- How much has the market grown or declined?
- Are long term forecasts positive or negative?
- How large is the average company?
- How many companies are in the industry?
Market Size - Insurance Agencies and Brokerages
The total U.S. market size for the Insurance Agencies and Brokerages industry includes all companies, both public and private. In addition to total revenue, the table contains details on employees, companies, and average firm size.| Metrics | 2004 2005 2006 2007 2008 2009 | |
|---|---|---|
| Market Size (Total Industry Sales) |
Available Included with Instant Access Order at top of page | |
| Total Firms | ||
| Total Locations (Headquarters and Branches) | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
Income Statement (Average Financial Metrics) - Insurance Agencies and Brokerages
Financial metrics provide a snapshot view of an "average" company in the Insurance Agencies and Brokerages industry. Key business metrics show revenue and operating costs. The data collected is industry-wide, covering both public and private companies in the industry.| Industry Average | Percent of Sales | |
|---|---|---|
| Total Revenue | AVAILABLE Included in Report Order at top of page |
|
| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit | ||
Financial Ratio Analysis - Insurance Agencies and Brokerages
Financial ratios can be used to compare how a company in the Insurance Agencies and Brokerages industry is performing relative to its peers. Financial ratios are calculated from the industry-average for income statements and balance sheets.| Liquidity Ratios - Insurance Agencies and Brokerages Industry | Industry Average |
|---|---|
| Liquidity Ratios measure how liquid a business is. Bankers and suppliers may use these to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
Included |
| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
Included |
| Efficiency Ratios - Insurance Agencies and Brokerages Industry | Industry Average |
|---|---|
| Efficiency Ratios measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low compared to the industry average, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
Included |
| Average Collection Period Based on the Receivables Turnover Ratio, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover Ratio |
Included |
| Inventory Turnover Ratio A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
Included |
| Fixed-Asset Turnover Ratio Generally, a higher ratio is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
Included |
Compensation & Salary Surveys for Employees Working in Insurance Agencies and Brokerages
Compensation statistics provides an accurate assessment of jobs in the Insurance Agencies and Brokerages industry and national salary averages. This information can be used to asses which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management occupations | 4% |
AVAILABLE Included in Report Order at top of page |
||
| Chief executives | 0% | |||
| General and operations managers | 2% | |||
| Business and financial operations occupations | 9% | |||
| Claims adjusters, examiners, and investigators | 21% | |||
| Computer and mathematical science occupations | 6% | |||
| Sales and related occupations | 37% | |||
| Insurance sales agents | 34% | |||
| Office and administrative support occupations | 47% | |||
| Customer service representatives | 13% | |||
| Insurance claims and policy processing clerks | 11% | |||
| Office clerks, general | 6% | |||
Companies in Insurance Agencies and Brokerages and Adjacent Industries
| Company | Address | Key Contact |
|---|---|---|
| AVAILABLE | AVAILABLE | AVAILABLE |
Public Insurance Agencies and Brokerages Company News
Web scan for recent news about publicly traded companies in the Insurance Agencies and Brokerages industry.Recent News about Insurance Agencies and Brokerages
- New Remote Staffing Firm for Insurance Agencies Launched: A new company that offers domestic, remote staffing services for insurance agencies and brokerages has opened in New York. Work At Home Vintage Employees (WAHVE) says its business model is to ...
- Submit Today: Insurance Journal Top 100 Agencies: Insurance Journal is on the search for leading privately-held property casualty independent agencies and brokerages for its annual Top 100 Property/Casualty Independent Insurance Agencies ...
- VUE Software Offers Saas Sales Performance Management Solution for Insurance with Windows Azure: Leading vendor of insurance sales management technology VUE Software is moving its on-demand, Saas solution to the Windows Azure platform. The commission, licensing and incentive solution will offer lower start up costs and quicker deployment while retaining rich functionality.
- Privacy czar targets 'rogue' mortgage brokers: The personal information of Canadians is still at risk of falling into the wrong hands at mortgage brokerage firms that have failed to implement strong enough security measures, an audit by the country's privacy watchdog has found.
- Privacy czar concerned over "rogue" mortgage brokers: The personal information of Canadians is still at risk of being exploited by "rogue" mortgage brokers at some firms, an audit by the country's privacy watchdog has found.
- CNinsure Reports First Quarter 2010 Unaudited Financial Results: CNinsure Inc., (Nasdaq: CISG), (the "Company" or "CNinsure"), a leading independent insurance intermediary company operating in China, today announced its unaudited financial results for the first quarter ended March 31, 2010.(1) read more
- CNinsure Reports First Quarter 2010 Unaudited Financial Results: CNinsure Inc., , , a leading independent insurance intermediary company operating in China, today announced its unaudited financial results for the first quarter ended March 31, 2010.
- 2 TV debates might be the key to victory: A total of 14 candidatesfrom seasoned political veterans to first-timersare on the ballot as voters begin selecting their choice to fill the vacancy in Hawaii's 1st Congressional District.
- Search FT.com: This article is provided to FT.com readers by mergermarket a news service focused on providing actionable, origination intelligence to M&A professionals.
- Point : Financial Reform [Part 1]: The most oft-quoted fallacy about the benefits of Washington agencies regulating financial products is this: The deregulated banks were permitted to run amok. With regulation, the housing bubble and ensuing collapse never would have�occurred. At a certain level, there was deregulation. In 1999, former President Clinton and the Republican Congress passed a law that repealed part [...]
- Dave Yost: The next big vote: While some think things are moving too fast, many people are convinced that our government better keep moving. The Bush administration ignored many areas but we now have a very smart president who has an agenda; most of which was planned and in fact promised during the election campaign. Other things, such as the much-needed action on financial regulations, are a result of what we learned since ...
- Young professional: Insurance job suits Kelly's abilities: Insurance agent Karinna Kelly says she has the perfect job.
- TN is among 5 states to sue Morgan Keegan: Federal regulators and officials in five states, including Tennessee, launched lawsuits accusing the firm of defrauding investors of more than $2 billion by overstating the value of funds backed by risky subprime mortgages.
- TN is among 5 states to sue Morgan Keegan: Attorney Naill Falls Jr. has been fighting brokerage house Morgan Keegan & Co. for nearly two years on behalf of 100 investor clients, about one fourth of them in the Nashville area.
- Offshoring up the Bottom Line: Brokerages spread tasks around the globe as farmed-out functions grow in complexity.
Related Industry Reports
Markets Related to Insurance Agencies and Brokerages
Insurance Agencies and BrokeragesChannel Marketing Reports
The following products sold by the Insurance Agencies and Brokerages industry are also sold within other industries. Channel Marketing Reports identify competing and complimentary channels.Channel Reports for Products Sold at Insurance Agencies and Brokerages
Financial Planning And Investment Management Products
Brokering And Dealing Products - Equities
Personal Financial Planning And Advice Products
Personal Investment Management Products
Financial Planning And Investment Mgt Serv For Bus & Govt
Choose a report on Insurance Agencies and Brokerages that fits your needs
What's in each report?
| Premium Report | Standard Report | |
|---|---|---|
| Current State of the Industry | ![]() |
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| Market Size (historical trends) | ![]() |
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| Market Forecast (5-year projection) | ![]() |
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| Products/Services Breakdown | ![]() |
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| Financial Metrics | ![]() |
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| Salary & Compensation Statistics | ![]() |
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| Key Companies | ![]() |
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| Public Company News | ![]() |
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| Government Vendors | ![]() |
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