Make your business work for you

ASNOA is committed to maximizing Affiliate compensation through various annual Profit and Growth Agreements, as well as several New Business “Additional Compensation” offerings; putting more commission dollars in all Affiliates’ pockets. To make it simple, we've created a 2019 Bonus Program Matrix below!

2020 Profit Sharing & Contingency Programs

May 21, 2020

Please see the list of Profit Sharing/Contingency Programs that are in place for 2020 performance. This list is not meant to be totally inclusive, but yet does represent the vast majority of the programs that we have in place with our carrier partners this year. The matrix below lists out the programs by carrier, then reading across from left to right, displays which criteria are used in the qualification for each bonus. If the Loss Ratio column has “N/A”, that means Loss Ratio is not used as a criteria for qualifying for a given bonus.

We are truly excited to have these programs offered to our affiliates as part of the ASNOA Advantage; looking forward to another record breaking bonus compensation year for all!

As always, please feel to reach out to your local carrier sales manager for more detailed information on each of their additional compensation offerings for 2020. For questions regarding this article, contact Mike Petrocelli, ASNOA EVP, at mpetro@asnoa.com.

Of course, participation in any profit or volume bonus is always subject to the provisions and minimum requirements outlined in your Agency Alliance Agreement.

Carrier & Type of Bonus Offered for 2020	ASNOA Minimum	PIF Growth	Written Premium Growth	Loss Ratio	Loss Ratio Threshold
AAA Dearborn - Profit Sharing & Growth Agreement	Yes	Yes	Yes	Yes	55%
American Modern Profit and Growth Agreement	Yes	Yes	Yes	Yes	56%
Berkshire Hathaway Guard - Agency Incentive Program	Yes	Yes	Yes	Yes	50%
CSE - Elite Agent 1% override	Yes	No	No	No	N/A
CSE - Profit Sharing	Yes	No	No	Yes	55%
First American - Profit and Growth Agreement	Yes	No	Yes	Yes	50%
Foremost Auto - Profit and Growth Agreement	Yes	No	Yes	Yes	63%
Foremost Specialty - Profit and Growth Agreement	Yes	No	Yes	Yes	58%
Grange - Profit Sharing & Growth - Commercial Lines	Yes	No	Yes	Yes	50%
Grange - Profit Sharing & Growth - Personal Lines	Yes	No	Yes	Yes	55%
Grange - Profit Sharing & Growth - Specialty Lines	Yes	No	No	Yes	52%
Hartford - STAG ONE New Business Additional Compensation	No	No	No	No	N/A
Hartford - Small CL Partner Rewards Program	Yes	Yes	No	Yes	50%
Integrity - Profity Sharing & Growth - Preferred Lines	Yes	No	Yes	Yes	55%
Integrity - 1% override	Yes	No	No	No	N/A
Liberty Mutual 5% Additional Commission on New Business	No	No	No	No	N/A
Mercury Profit Sharing Program	Yes	Yes	No	Yes	55%
MetLife H & A - 3 % Bonus Commission on GP/Packages	No	No	No	No	N/A
MetLife H & A - Profit Sharing & Growth - Personal Lines	Yes	No	Yes	Yes	55%
Markel Profit Sharing Plan	Yes	No	Yes	Yes	50%
National General Premier Profit & Growth Agreement	Yes	No	Yes	Yes	55%
Nationwide Insurance - 5% Bonus commission on all New Business	No	No	No	No	N/A
Nationwide Insurance Personal Lines Variable Compensation	Yes	No	Yes	Yes	55%
Nationwide Insurance Commercial Lines Profit Share Program	Yes	No	Yes	Yes	51%
Pekin - Profit Sharing Agreement - P & C	Yes	No	No	Yes	55%
Pekin - Under of Writer of Merit Growth Bonus	Yes	No	Yes	N/A	N/A
Progressive - Personal Lines Profit and Growth Program	Yes	Yes	No	Yes	65%
Progressive - Platinum Bundled Growth	Yes	Yes	Yes	No	N/A
Rockford Mutual - Profit Sharing - PL	Yes	No	No	Yes	50%
Rockford Mutual - Profit Sharing - CL	Yes	No	No	Yes	50%
Safeco - NB Bonus Commission - 2% Guarantee	No	No	No	No	N/A
Safeco - NB Bonus Commission - 3% if Safeco MPR met	Yes	No	No	No	N/A
Safeco - APS - Profit Sharing & Growth - Personal Lines	Yes	No	Yes	Yes	56%
State Auto - Profit and Growth Plan - Commercial Lines	Yes	No	Yes	Yes	50%
State Auto - Profit and Growth Plan - Farm	Yes	No	Yes	Yes	46%
State Auto - Profit and Growth Plan - Personal Lines	Yes	Yes	Yes	Yes	56%
Stillwater - Profit Sharing	Yes	No	Yes	Yes	54%
Travelers PL Performance PL Contigency	Yes	No	Yes	Yes	55%