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% |