Insurance Agencies and Brokerages in Virginia
Revenue benchmarks for insurance agencies and brokerages businesses operating in Virginia.
#22 of 50 states-7.9% vs national avg
Average Revenue
$1.6M
per year
Businesses
2,632
in Virginia
Revenue / Employee
$243K
per year
Labor Cost
30.0%
of revenue
Profit Margin
15.0%
industry average
Market Saturation
30.5
firms per 100K in VA
Total Revenue
$4.1B
all firms in VA
Total Employees
16,843
in VA
How Virginia Compares
National Average$1.7M
Virginia$1.6M
Difference$133K (-7.9%)