The industry average is now about 20. Count the ones that actually pay you in a typical month.
Most carriers send one. Some split by line of business or pay twice a month — count every separate statement.
One line per policy paid, roughly. A small agency's statement might run 30–60 lines; a busy personal-lines book, several hundred.
Find the policy, compare the amount and rate, note the exceptions. A minute is fast; two to three is honest for messy statements.
Their wage plus payroll costs — or what an hour of their time is worth on client work. $30–45 is typical for experienced agency staff.
This is an estimate built from the numbers you entered — nothing here is measured from your agency. If your checker is faster, or your statements are cleaner, lower the minutes-per-line figure and watch the total drop. It's a worksheet for seeing the size of the job, not a promise of what any service would save you.
Whatever your number came out to, the job itself never goes away. Statements arrive every month, in every carrier's own format, forever. Ren Studio's commission reconciliation service takes the whole pile off your staff: every statement matched to your policies, a clean register, and a plain-English variance report — $249/month for up to 10 carrier statements, $449/month for up to 20. No logins, no bank access, and no promises about "finding money" — just the hours back. See how it works →
How the math works — and where it can mislead
The estimate is one multiplication chain: carriers × statements per carrier × lines per statement × minutes per line, converted to hours and priced at the hourly cost you entered. There are no hidden industry averages inside it — every input is yours to change.
Three honest caveats. First, the reported range for this work across agencies your size is 40–80 hours a month — if your worksheet lands far outside that, one of your inputs is probably off, most often lines per statement. Second, matching time isn't the only cost: the mismatches that slip through because checking was rushed or skipped don't show up in this worksheet at all, and no honest worksheet can price them. Third, this estimates the cost of doing the work in-house; it does not promise that outsourcing removes all of it — someone at your agency still sends the statements and reads the variance report, which is minutes, not hours.
Frequently asked questions
Our agency is small — is this really more than a few hours for us?
Run the worksheet with your real line counts before deciding. The surprise in this math is almost always the lines: ten carriers sounds small until it's ten statements of 100+ lines each, every month, at a minute or two a line. Small agencies often land at 15–30 hours — less than the 40–80 reported at larger ones, but still most of a work-week.
Why not just have our management system do this?
If yours already imports every carrier's statement format and reconciles cleanly, you should — and you don't need this worksheet or our service. The agencies that land here are the ones whose systems cover some carriers and not others, leaving the rest — usually the majority of the hours — to a person with a spreadsheet.
Does the worksheet store or send my numbers anywhere?
No. The math runs in your browser, on this page. Nothing you type is transmitted or saved.
See the number. Then decide who should be doing the work.
The matching has to happen every month either way — the only question is whose hours it eats. Ren Studio does it for a flat monthly fee, statements and a policy export from you, register and variance report back from us.