Business Transformation | 08.14.23
Monthly Industry Benchmarking Reports
by: Stathis Partners
Produced by Stathis Partners and powered by LPL Financial and Infinex Financial Group, the Monthly Benchmarking Reports are available exclusively for BISA members. Through monthly industry insights, BISA provides members valuable data on the banking and insurance industry to better understand trends that can impact their businesses. Find the latest benchmarking report below, or read reports from past months.
Newest Report Released:
High-Level Summary of the June 2023 Monthly Benchmarking Report
Overall, June 2023 production was an improvement over June 2022. Household & deposit penetration rose by 4 and 9 percent, respectively.
Total revenue per FC was unchanged but recurring revenue per FC tumbled 10 percent compared to the previous year. Fixed annuity revenue shot up 25% to close the gap.
Year to date June 30th, total recurring revenue mix fell from 62% to 57.5%, marking 2023 as the first year with a recurring revenue growth rate in the red.
Recent Benchmarking Reports:
Full results of the Benchmarking Reports are available to BISA members only. Learn more about membership on the BISA website or by emailing us at: bisa@bisanet.org.
