Your Profitability IS What Matters to Us
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!
2019 Bonus Payout & 2020 Enhanced Compensation Update
May 21, 2020
Updating our total bonus payments as of today due to the ASNOA Advantage; our affiliate agencies have now been paid over $855,000.00 in bonus compensation! The matrix below shows all bonuses calculated and paid to date, along with bonus criteria.
If you have any questions as relates to your agency qualifying, please request a copy of your year ending 2019 Profit and Loss statement (P & L) from your carrier representative and use the qualification matrix as a key.
| 2019 Bonus Program | ASNOA Min Premium | PIF Growth | Written Premium Growth | Loss Ratio | Loss Ratio Threshold |
|---|---|---|---|---|---|
| AAA Auto Club Group Bonus Plan | Yes | No | Yes | Yes | 55.0% |
| AAA Auto Club Group Bonus Plan | Yes | Yes | Yes | Yes | 56.0% |
| Berkshire Hathaway Guard Profit Sharing | Yes | Yes | Yes | Yes | 50.0% |
| Foremost Specialty Profit Sharing Bonus | Yes | No | Yes | Yes | 58.0% |
| Grange Personal Lines Profit Sharing | Yes | No | Yes | Yes | 55.0% |
| Integrity Plus One Bonus Q1-Q4 | Yes | No | No | No | N/A |
| Market Profit Sharing | Yes | No | Yes | Yes | 50.0% |
| Nationwide CL Profit Sharing Bonus | Yes | No | Yes | Yes | 51.0% |
| Pekin Personal Lines Auto Bonus | Yes | No | No | Yes | 60.0% |
| Pekin Profit Sharing Bonus | Yes | No | No | Yes | 60.0% |
| Progressive Platinum Annual Bundled Bonus | Yes | Yes | Yes | No | N/A |
| Progressive Platinum Personal Lines Bonus | Yes | Yes | No | Yes | 65.0% |
| Rockford Commercial Lines Contingent Commission | Yes | No | No | Yes | 50.0% |
| Rockford Personal Lines Contingent Commission | Yes | No | No | Yes | 50.0% |
| Safeco Agency Profit Sharing Program | Yes | No | Yes | Yes | 55.0% |
| State Auto Contingent Commission Plan – CL | Yes | No | Yes | Yes | 50.0% |
| State Auto Contingent Commission Plan - PL | Yes | Yes | No | Yes | 56.0% |
| State Auto Contingent Commission Plan - Farm | Yes | No | Yes | Yes | 46.0% |
| The Hartford CL Quarterly Contingent Commission | Yes | No | Yes | No | N/A |
| The Hartford PRP Bonus Program | Yes | Yes | Yes | Yes | 50.0% |
| Travelers Business Insurance FVB Compensation | Yes | No | No | No | N/A |
| Travelers Personal Lines Performance Plus Bonus | Yes | No | Yes | Yes | 55.0% |
Again, pointing towards your ability to earn extra compensation for your agency today, please remember the following programs that are in place right now.
2020 Enhanced Compensation Year-To-Date Total
Safeco
2% additional NB Commission at policy level monthly, with opportunity for another 3% back to dollar one for all affiliates who attain the 24 app MPR.
2020 Enhanced Compensation YTD
Nationwide
5% additional NB Commission at the policy level for all lines
2020 Enhanced Compensation YTD
Liberty Mutual Commercial
5% additional NB Commission at the policy level
2020 Enhanced Compensation YTD
Metlife Home & Auto
3% additional NB commission on Combo and Grand Protect and Package Business
2020 Enhanced Compensation YTD
The Hartford
Additional 2% on Spectrum BOP and 9% additional NB commission on WC policies. (That’s 20% New Business on both lines!). Paid at policy level monthly.
2020 Enhanced Compensation YTD
Foremost
5% additional commission on all Specialty Products (excludes auto).
2020 Enhanced Compensation YTD
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.
Be on the lookout for additional Carrier Trainings, which you can find on our Event Calendar!