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!

Agent profitability is linked to compensation

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.

Total Bonus Commission
$+
2019 Bonus ProgramASNOA Min PremiumPIF GrowthWritten Premium GrowthLoss RatioLoss Ratio Threshold
AAA Auto Club Group Bonus PlanYesNoYesYes55.0%
AAA Auto Club Group Bonus PlanYesYesYesYes56.0%
Berkshire Hathaway Guard Profit SharingYesYesYesYes50.0%
Foremost Specialty Profit Sharing BonusYesNoYesYes58.0%
Grange Personal Lines Profit SharingYesNoYesYes55.0%
Integrity Plus One Bonus Q1-Q4YesNoNoNoN/A
Market Profit SharingYesNoYesYes50.0%
Nationwide CL Profit Sharing BonusYesNoYesYes51.0%
Pekin Personal Lines Auto BonusYesNoNoYes60.0%
Pekin Profit Sharing BonusYesNoNoYes60.0%
Progressive Platinum Annual Bundled BonusYesYesYesNoN/A
Progressive Platinum Personal Lines BonusYesYesNoYes65.0%
Rockford Commercial Lines Contingent CommissionYesNoNoYes50.0%
Rockford Personal Lines Contingent CommissionYesNoNoYes50.0%
Safeco Agency Profit Sharing ProgramYesNoYesYes55.0%
State Auto Contingent Commission Plan – CLYesNoYesYes50.0%
State Auto Contingent Commission Plan - PLYesYesNoYes56.0%
State Auto Contingent Commission Plan - FarmYesNoYesYes46.0%
The Hartford CL Quarterly Contingent CommissionYesNoYesNoN/A
The Hartford PRP Bonus ProgramYesYesYesYes50.0%
Travelers Business Insurance FVB CompensationYesNoNoNoN/A
Travelers Personal Lines Performance Plus BonusYesNoYesYes55.0%

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!