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@ Todd02..
...$1,000,000 a year in PL premium with Farmers? Bullsh*t.
...$1,000,000 a year in PL premium with Farmers? Bullsh*t.
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@ Todd02..
...$1,000,000 a year in PL premium with Farmers? Bullsh*t.
@ Todd02..
...$1,000,000 a year in PL premium with Farmers? Bullsh*t.
I agree that is complete bullsh** there is no way, 99% personal lines and 3.5 years , especially not with farmers.
Btw I'm a farmers agent (yes I know, life mistake)
My 2012 commissions was 242,000. About 40% of that is auto at 10% commission. So about 996,000 auto premium. Then 60% fire which is 20% commission. 2,904,000 makes the rest. About 3.9 million in premium in my books. I just wrote 10,000 today and have Bout 35000 pending for this month. I write on average 80k a Month. Suck it
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Just because you are a farmers agent doesn't mean squat. I'm in Texas. We do have higher premiums but I guarantee my marketing technique are superior to yours. Don't ask cause I won't tell
My 2012 commissions was 242,000. About 40% of that is auto at 10% commission. So about 996,000 auto premium. Then 60% fire which is 20% commission. 2,904,000 makes the rest. About 3.9 million in premium in my books. I just wrote 10,000 today and have Bout 35000 pending for this month. I write on average 80k a Month. Suck it
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Just because you are a farmers agent doesn't mean squat. I'm in Texas. We do have higher premiums but I guarantee my marketing technique are superior to yours. Don't ask cause I won't tell
Fortunately for fact checking BSer's I have many colleagues in upper level management at farmers and a quick google search of "Todd" and "farmers" and "Dallas Fort Worth" points to some pretty obvious clues of who you are. I'll post my findings shortly. If you're writing that much Id say you're the #1 personal lines agent in the world and maybe even the entire solar system. Farmers is focusing on their eastern expansion right now so they're buying business in those states and nobody's doing close to that. Soon we shall see..
I can not wait to see his real numbers ha! I need to know how "superior" his marketing techniques are
@ Todd02....
"My 2012 commissions was 242,000. About 40% of that is auto at 10% commission. So about 996,000 auto premium. Then 60% fire which is 20% commission. 2,904,000 makes the rest. About 3.9 million in premium in my books. I just wrote 10,000 today and have Bout 35000 pending for this month. I write on average 80k a Month. Suck it"
This math doesn't make sense & here's why…
1.) If your book was $3,000,000 (regardless of how long it took to build) your gross commissions would be at least $300,000.
2.) 40% of the gross income of $242,000 is roughly $97,000…now if that's from 10% commissionable auto premium that makes roughly $970,000 of auto premium.
3.) The remaining 60% of that gross income of $242,000 is $145,000. If that's 20% commissionable premium… that makes roughly $700,000 of fire premium.
4.) The addition of the aforementioned premiums equates to roughly $1,670,000 which is a far cry from $3,800,000
5.) This doesn't factor in that some of your income would be bonus money…thus reducing the effective premium base even further
6.) This level of discrepancy is troubling...especially from an agency owner.