Risk & Business Magazine Gillons Insurance Magazine Fall 2017 | Page 26

Congratulations to Our Graduates! New Registered Insurance Brokers of Ontario (RIBO) This Takes Hours of Employee Dedication & Should Be Recognized! Courtney Camlin Thunder Bay Chris Jones Kenora Rob Lawrance Sioux Lookout Patty Ward Fort Frances Julie Piche-Howe Greenstone Romina Paishk Red Lake Ryan Hood Fort Frances WHERE DO YOUR INSURANCE PREMIUM DOLLARS GO? Claims –70¢ Independent Broker (Gillons) -15¢ Labour Expenses Selling Expenses Including Donations & Sponsorships Insurance Company -15¢ Labour Expenses Selling Expenses Operating Expenses Taxes Overhead Shareholders Reinsurance Operating Expenses Including rent, taxes, etc According to Fortune Magazine, 2016: “Goldman’s giving has spiked. It gave away 3% of its pre-tax profits last year, compared with a median of 1% for Fortune 500 companies, according to Chronicle of Philanthropy data.” Fortune 500 average: 1% of pre-tax profits Top Giver Goldman Sachs: 3% of pre-tax profits In 2016 Gillons Insurance: 4.7% of pre-tax profits! We give back! #11communitiesstrong gillons.ca