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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 Insurance Agencies and Brokers Industry

This section provides answers to five fundamental and commonly-asked questions about the industry:
  1. What is the total market size ($ millions)?
  2. How much has the market grown or declined?
  3. Are long term forecasts positive or negative?
  4. How large is the average company?
  5. 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
Source: Analysis of US Census data, updated June 8 2010
market size growth Insurance Agencies and Brokers
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.


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.

Forecast200920102011201220132014
Revenue ($ billion) AVAILABLE
Insurance Agencies and Brokers market forecast & projections
Source: AnythingResearch.com Economic Analysis


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 DescriptionNumber 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 AveragePercent 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
 
Source: Analysis of U.S. federal statistics




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 IndustryIndustry 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 IndustryIndustry 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.

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Move mouse over states to see employment numbers
Note: Round numbers are estimates. Precise numbers are actuals.
Source: US Census


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.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management occupations 4% AVAILABLE
Included in Report

Order at top of page
Chief executives0%
General and operations managers2%
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%
Source: Bureau of Labor Statistics Insurance Agencies and Brokers market size


Companies in Insurance Agencies and Brokers and Adjacent Industries

CompanyAddressKey Contact
AVAILABLEAVAILABLEAVAILABLE


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
AVAILABLEAVAILABLEAVAILABLE



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 Insurance Agencies and Brokers Industry

This section provides answers to five fundamental and commonly-asked questions about the industry:
  1. What is the total market size ($ millions)?
  2. How much has the market grown or declined?
  3. Are long term forecasts positive or negative?
  4. How large is the average company?
  5. 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
Source: Analysis of US Census data, updated June 8 2010
market size growth Insurance Agencies and Brokers
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.


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 AveragePercent 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
 
Source: Analysis of U.S. federal statistics




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 IndustryIndustry 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 IndustryIndustry 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.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management occupations 4% AVAILABLE
Included in Report

Order at top of page
Chief executives0%
General and operations managers2%
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%
Source: Bureau of Labor Statistics Insurance Agencies and Brokers market size


Companies in Insurance Agencies and Brokers and Adjacent Industries

CompanyAddressKey Contact
AVAILABLEAVAILABLEAVAILABLE


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 ...


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What's in each report?
  Premium Report Standard Report
Current State of the Industry Current State of Insurance Agencies and Brokers Current State of Insurance Agencies and Brokers
Market Size (historical trends) Insurance Agencies and Brokers Market Size Insurance Agencies and Brokers Market Size
Market Forecast (5-year projection) Insurance Agencies and Brokers Market Forecast  
Products/Services Breakdown Products & Services  
Financial Metrics Financial Metrics Financial Metrics
Salary & Compensation Statistics Salary Statistics Salary Statistics
Key Companies companies companies
Public Company News company news company news
Government Vendors government vendors  
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