This month’s Industry Report includes the metrics and common size information for Insurance Agencies and Brokerages.
You already have your financial statements in hand, you know your metrics, now let us provide some information that will help you see how you compare to your competition.
We have provided key financial metrics through 2018 for Insurance Agencies and Brokerages. We have also provided common size information to see how your balance sheet and income statement compares to your competition.
For 2018 alone, there are 85 companies factored into the averages below. Gross profit margins of 98.54% increased slightly from 2017 margins of 98.52% while sales growth also increased 4.57% from 14.23% in 2017 to 14.88% in the last 12 months.
Use this information to identify areas where you are doing well, or areas where you may have an opportunity to improve. Or, just use it to support future decisions.
Click on the links below to view the metrics and common size information for Insurance Agencies and Brokerages.
Would you like us to give you more details on how your company compares? Would you like to see more refined results specific to your state, region, or sales range? Contact Dan Sturm, Partner at McKonly & Asbury via our contact page if you would like to discuss any of this information further.