Big T and Reagan Consulting Release 2022 Best Practices Study Results.

Record growth in agency ranks.... As the independent agency channel moves past the coronavirus pandemic and into uncertain economic headwinds, Best Practices agencies achieved record highs in organic growth and profitability, according to the 2022 Best Practices Study by the Big "I" and Reagan Consulting. The Best Practices update is the first one in its three-year cycle, examining the firms that newly qualified as a 2022 Best Practices Agency. The annual study, conducted jointly in a longstanding partnership between the Big "I" and Reagan Consulting for the past 29 years, provides critical performance benchmarks in six agency revenue categories ranging from under $1.25 million to over $25 million.

"The past few years have brought challenges for independent agencies and their clients, but top-performing agencies have demonstrated resiliency as they've weathered these obstacles to grow their businesses and even break study records in numerous categories," says Chris Boggs, Big "I" vice president of agent development, education and research. "These industry leaders are setting the bar and demonstrating the independent agency channel has never...

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