Direct Life, Health, and Medical Insurance Carriers - Market Size, Financial Statistics, Industry Trends
Industry Overview
This industry comprises establishments primarily engaged in initially underwriting (i.e., assuming the risk and assigning premiums) annuities and life insurance policies, disability income insurance policies, accidental death and dismemberment insurance policies, and health and medical insurance policies. Cross-References.Source: U.S. Census Bureau
Direct Life, Health, and Medical Insurance Carriers Market Size
This report includes historical and forecasted market sizes and industry trends for Direct Life, Health, and Medical Insurance Carriers. It reveals overall market dynamics from 2020 through the present, and predicts industry growth or shrinkage through 2030. Revenue data include both public and private companies in the Direct Life, Health, and Medical Insurance Carriers industry.| Historical | Forecasted | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | |
| Market Size (Total Revenue) | Included in Report |
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| % Growth Rate | |||||||||||
| Number of Companies | |||||||||||
| Total Employees | |||||||||||
| Average Revenue per Company | |||||||||||
| Average Employees per Company | |||||||||||
Industry Revenue ($ Billions)
Industry Forecast ($ Billions)
Pell Research's advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size statistics include revenue generated from all products and services sold within the Direct Life, Health, and Medical Insurance Carriers industry.
Geographic Breakdown by U.S. State
Direct Life, Health, and Medical Insurance Carriers market share by state pinpoints local opportunities based on regional revenue statistics. Growth rate for each state is affected by regional economic conditions. Data by state can be used to locate profitable and nonprofitable locations for Direct Life, Health, and Medical Insurance Carriers companies in the United States.Industry Revenue by State [Sample]
Distribution by Company Size
| Company Size | All Industries | Direct Life, Health, and Medical Insurance Carriers |
|---|---|---|
| Small Business (< 5 Employees) | Included |
|
| Small Business (5 - 20) | ||
| Midsized Business (20 - 100) | ||
| Large Business (100 - 500) | ||
| Enterprise (> 500) | ||
Industry Income Statement (Average Financial Metrics)
Financial statement analysis determines averages for the following industry forces:- Cost of goods sold
- Compensation of officers
- Salaries and wages
- Employee benefit programs
- Rent paid
- Advertising and marketing budgets
The report includes a traditional income statement from an "average" Direct Life, Health, and Medical Insurance Carriers company (both public and private companies are included).
| Industry Average | Percent of Sales | |
|---|---|---|
| Total Revenue | Included |
|
| Operating Revenue | ||
| Cost of Goods Sold (COGS) | ||
| Gross Profit | ||
| Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| Earnings Before Interest and Taxes (EBIT) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit | ||
Average Income Statement
Cost of Goods Sold
Salaries, Wages, and Benefits
Rent
Advertising
Depreciation and Amortization
Officer Compensation
Net Income
Financial Ratio Analysis
Financial ratios allow a company's performance to be compared against that of its peers.| Financial Ratio | Industry Average |
|---|---|
| Profitability Ratios | Included |
| Profit Margin | |
| ROE | |
| ROA | |
| Liquidity Ratios | |
| Current Ratio | |
| Quick Ratio | |
| Activity Ratios | |
| Average Collection Period | |
| Asset Turnover Ratio | |
| Receivables Turnover Ratio | |
| Inventory Conversion Ratio |
Products and Services Mix
Product lines and services in the Direct Life, Health, and Medical Insurance Carriers industry accounting for the largest revenue sources.| Product Description | Description | Revenue ($ Millions) |
|---|---|---|
| Industry total | Included |
|
| Health and medical insurance products - premiums | ||
| Comprehensive medical service plans | ||
| Annuity products | ||
| Life insurance products - premiums | ||
| Indiv serv med cov plans (incl supp medicare, champus, & oth) | ||
| Variable deferred annuities | ||
| Individual whole life - premiums | ||
| Fixed rate deferred annuities | ||
| Other products | ||
Compensation and Salary Surveys
Salary information for employees working in the Direct Life, Health, and Medical Insurance Carriers industry.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 10% |
Included |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 2% | |||
| Business and Financial Operations Occupations | 22% | |||
| Business Operations Specialists | 17% | |||
| Claims Adjusters, Appraisers, Examiners, and Investigators | 6% | |||
| Claims Adjusters, Examiners, and Investigators | 6% | |||
| Computer and Mathematical Occupations | 14% | |||
| Computer Occupations | 12% | |||
| Healthcare Practitioners and Technical Occupations | 7% | |||
| Health Diagnosing and Treating Practitioners | 5% | |||
| Sales and Related Occupations | 6% | |||
| Office and Administrative Support Occupations | 39% | |||
| Information and Record Clerks | 19% | |||
| Customer Service Representatives | 18% | |||
| Customer Service Representatives | 18% | |||
| Other Office and Administrative Support Workers | 11% | |||
| Insurance Claims and Policy Processing Clerks | 8% | |||
| Insurance Claims and Policy Processing Clerks | 8% | |||
Government Contracts
The federal government spent an annual total of $1,397,908,425 on the Direct Life, Health, and Medical Insurance Carriers industry. It has awarded 767 contracts to 68 companies, with an average value of $20,557,477 per company.Top Companies in Direct Life, Health, and Medical Insurance Carriers and Adjacent Industries
| Company | Address | Revenue ($ Millions) |
|---|---|---|
Included |
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