Having now completed the bulk of our client appraisal work this year, we can confirm that organic growth–excluding acquired revenue–is difficult to come by these days, with single-digit revenue gains the norm.
This is borne out in our new 2006 "Best Practices Study," which shows organic revenue growth of only 6.8 percent for the average Best Practices agency–the top players in the field.
Current property-casualty market pricing (which shows no signs of improvement in the near future), combined with ongoing questions regarding the long-term potential for contingent income, gives little hope that the prospects for organic revenue growth will improve in the short term.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
