The Premium Report on Insurance Agencies and Brokers 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 Brokers 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 Brokers
The total U.S. market size for the Insurance Agencies and Brokers 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 Brokers
Market forecasts show the long term outlook for the Insurance Agencies and Brokers 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 Brokers 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 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 Brokers
Financial metrics provide a snapshot view of an "average" company in the Insurance Agencies and Brokers 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 Brokers
Financial ratios can be used to compare how a company in the Insurance Agencies and Brokers 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 Brokers 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 Brokers 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 Brokers
Compensation statistics provides an accurate assessment of jobs in the Insurance Agencies and Brokers 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% | |||
| 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 Brokers and Adjacent Industries
| Company | Address | Key Contact |
|---|---|---|
| AVAILABLE | AVAILABLE | AVAILABLE |
Public Insurance Agencies and Brokers Company News
Web scan for recent news about publicly traded companies in the Insurance Agencies and Brokers industry.Government Contracts Related to Insurance Agencies and Brokers
In 2008, the federal government spent a total of $3,940,564 on Insurance Agencies and Brokers. It has awarded 101 contracts to 29 companies, with an average value of $135,882 per company.Top government vendors:
| Company | Federal Contracts | Total Award Amount |
|---|---|---|
| AVAILABLE | AVAILABLE | AVAILABLE |
The Industry Report on Insurance Agencies and Brokers contains the key pieces of information used by strategy and management consultants to identify market trends and accurately measure growth and industry performance.
Current State of the Industry
Market Size
Financial Statements - Income Statement
Salary & Compensation Statistics
Key Companies
Public Company News
Current State of the Insurance Agencies and Brokers Industry
This section provides answers to five fundamental and commonly-asked questions about the industry:- What is the total market size ($ 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 Brokers
The total U.S. market size for the Insurance Agencies and Brokers 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 Brokers
Financial metrics provide a snapshot view of an "average" company in the Insurance Agencies and Brokers 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 Brokers
Financial ratios can be used to compare how a company in the Insurance Agencies and Brokers 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 Brokers 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 Brokers 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 Brokers
Compensation statistics provides an accurate assessment of jobs in the Insurance Agencies and Brokers 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% | |||
| 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 Brokers and Adjacent Industries
| Company | Address | Key Contact |
|---|---|---|
| AVAILABLE | AVAILABLE | AVAILABLE |
Public Insurance Agencies and Brokers Company News
Web scan for recent news about publicly traded companies in the Insurance Agencies and Brokers industry.Recent News about Insurance Agencies and Brokers
- Reducing the Risk Factor Home Warrantys Play Critical Role in Todays Unsettled Market: RISMEDIA, June 18, 2010E & O insurance is certainly nothing new for Madison, Wisconsin-based HSA Home Warranty. In fact, with its own in-house insurance division since 1986, HSA Insurance Services, risk management and liability insurance is built right into
- FBI Arrests Police Commissioner, Slumlord, Rabbi: Federal agents charged 15 peoplesome of them prominent local figureswith undertaking massive mortgage fraud and moved to take control of 51 blighted New Haven properties Thursday, as the governments response to the aftermath of the foreclosure crisis took a new legal turn.
- Arent Fox LLP Continues Expansion in New York as Nine New Attorneys Join Firm: Arent Fox LLP today announced a major expansion of its New York City office as nine attorneys have joined the firm. Elliott M. Kroll, Julius A. Rousseau, III, Ross J. Charap and Paul M.
- Flood insurance is in limbo: The last extension of the National Flood Insurance Program expired in May. Critics are demanding a long-term solution.
- New York City Agency Buys Brooklyn Competitor: In a merger of two Brooklyn agencies, Apex Brokerage Inc. has acquired Brighton Brokers Corp. Terms of the deal were not disclosed. Apex was founded in 1992 and is headed by Anthony Calafiore, a ...
- APEX Brokerage Acquires Brighton Brokers Corp to Form Preeminent Downstate Independent Insurance Agency: NEW YORK----Anthony S. Calafiore, President of APEX Brokerage, Inc. announced today the acquisition of Brighton Brokers Corp. a Brooklyn, NY based insurance agency. The acquisition positions APEX Brokerage among the leading independent insurance agencies in the downstate area.
- Latta Insurance Services Joins Keystone Insurers Group: NORTHUMBERLAND, Pa.----Latta Insurance Services Inc. of Henderson, Ky., has become Keystone Insurers Groups 17th franchise partner in Kentucky. Latta Insurance Services President Williams S.
- Rating agencies dodge bullet in Wall Street bill: Credit-rating agencies like Moody's and Standard & Poor's dodged a bullet on Tuesday as lawmakers decided to strip out a provision in the Wall Street reform bill that would have upended their business model.
- 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 ...
- (AFX UK Focus) 2010-06-14 18:39 FACTBOX-Key buyouts by major insurance brokers in recent months: June 14 (Reuters) - A soft insurance market is impeding growth at major insurance brokers, forcing them to look at acquisitions to grow sales. These acquisitions are generally tiny, but put together, they add a lot to an insurance broker's balance sheet. A look at the buyouts* made by major insurance brokers in the past six months.
- Wanaque FD gets grant, new equipment: The Wanaque Borough Fire Department has secured a $7,500 grant for the purchase of new equipment, including a state-of-the-art thermal imaging camera an important tool for detecting heat in a burning building.
- BUSINESS IN BRIEF 10/5: Cultivation of cassava will be limited to 450,000ha in an aim to stop deforestation and land erosion, according to the Ministry of Agriculture and Rural Development.
- 2 see potential harm in bank rules: New state banking leaders say the changes could bog down operations
- Shopping for home insurance a thankless, but necessary task: If there's one financial task I love to put off, it's shopping for insurance. But when my new premium for home insurance came in ...
- Mercury Partners with Personal Lines Growth Alliance: The Personal Lines Growth Alliance (PLGA), a coalition within the independent agency system, announced that Mercury Insurance Group is a founding financial partner. Mercury is the first of many ...
Related Industry Reports
Markets Related to Insurance Agencies and Brokers
Insurance Agencies and BrokersChannel Marketing Reports
The following products sold by the Insurance Agencies and Brokers industry are also sold within other industries. Channel Marketing Reports identify competing and complimentary channels.Channel Reports for Products Sold at Insurance Agencies and Brokers
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 Brokers 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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