A producer statement is a carrier or agency-generated report that summarizes a producer's commissions, bonuses, chargebacks, and related compensation for a specific period, such as monthly or quarterly. It typically lists each policy or contract number, client name or code, product type, premium, commission rate, and the dollar amount paid or reversed. Producer statements may also include persistency bonuses, production-based overrides, and year-to-date totals that help the advisor track progress toward payout grids or incentives. Clear, accurate statements are critical for reconciling expected compensation with actual payments, spotting errors, and supporting tax reporting. In multi-carrier brokerage environments, producers may receive separate statements from each company as well as consolidated reporting from their general agency.

In daily operations, advisors and office staff review producer statements to confirm that recently placed cases have been paid correctly, that advances have cleared, and that any chargebacks are understood. Bookkeepers may use statements as source documents to post revenue into accounting systems, allocate income among producers, and reconcile bank deposits. When discrepancies appear-such as missing commissions or unexpected chargebacks-case managers contact carrier commission departments for clarification. Statements are also used to calculate payouts to downline agents, split-case partners, or firms in producer groups. Maintaining organized producer statement records supports clean financial reporting and helps advisors understand which products, carriers, and clients generate the most sustainable revenue over time.