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 2016 for Insurance Agencies and Brokerages located in the U.S. with various sales ranges between $10 million and $50 million. We have also provided common size information to see how your balance sheet and income statement compares to your competition.
For 2016 alone, there are 24 companies factored into the averages below. Gross profit margins of 99.30% increased roughly 1.12% from 2015 margins of 98.20% while sales growth saw a decrease from 12.11% to 10.14%, which represents a 16.26% decrease from 2015.
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, Principal at McKonly & Asbury via our contact page if you would like to discuss any of this information further.