2024 Finance & Insurance Industry Statistics Report

Finance & Insurance - Market Size and Industry Forecast

The 2024 Finance and Insurance Industry Report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2019 to 2029 reflect industry trends and growth patterns. Revenues include both public and private companies in the Finance & Insurance industry.

Market Size (Total Revenue)


% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company
Source: U.S. government financial data.

Industry Revenue ($ Billions)

Industry Market Size
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021
  • 2022
  • 2023

Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Finance & Insurance - Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Finance & Insurance companies in the United States.

Finance & Insurance Revenue by State

Market Size by State

Distribution by Company Size

Company SizeAll IndustriesFinance & Insurance
Small Business (< 5 Employees)


Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Finance & Insurance - Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:
The report includes a traditional income statement from an "average" company (both public and private companies included).

Industry AveragePercent of Sales
Total Revenue


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

Average Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits



Depreciation and Amortization

Officer Compensation

Net Income

Finance & Insurance - Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial RatioIndustry Average
Profitability Ratios


Profit Margin
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Finance & Insurance - Compensation and Salary Surveys

TitlePercent of WorkforceBottom QuartileAverage (Median) SalaryUpper Quartile
Management Occupations15%


Top Executives5%
Chief Executives1%
General and Operations Managers4%
Operations Specialties Managers8%
Financial Managers5%
Financial Managers5%
Business and Financial Operations Occupations32%
Business Operations Specialists12%
Claims Adjusters, Appraisers, Examiners, and Investigators9%
Claims Adjusters, Examiners, and Investigators9%
Compensation, Benefits, and Job Analysis Specialists11%
Compensation, Benefits, and Job Analysis Specialists11%
Financial Specialists20%
Accountants and Auditors5%
Accountants and Auditors5%
Financial Analysts and Advisors23%
Financial Analysts6%
Personal Financial Advisors15%
Insurance Underwriters7%
Financial Examiners7%
Financial Examiners7%
Credit Counselors and Loan Officers10%
Loan Officers10%
Computer and Mathematical Occupations24%
Computer Occupations5%
Computer and Information Analysts7%
Software Developers and Programmers7%
Healthcare Practitioners and Technical Occupations7%
Health Diagnosing and Treating Practitioners5%
Protective Service Occupations6%
Other Protective Service Workers5%
Sales and Related Occupations10%
Sales Representatives, Services8%
Insurance Sales Agents16%
Insurance Sales Agents16%
Securities, Commodities, and Financial Services Sales Agents7%
Securities, Commodities, and Financial Services Sales Agents7%
Office and Administrative Support Occupations14%
Supervisors of Office and Administrative Support Workers6%
First-Line Supervisors of Office and Administrative Support Workers6%
First-Line Supervisors of Office and Administrative Support Workers6%
Financial Clerks23%
Information and Record Clerks18%
Customer Service Representatives8%
Customer Service Representatives8%
Loan Interviewers and Clerks7%
Loan Interviewers and Clerks7%
Secretaries and Administrative Assistants7%
Secretaries and Administrative Assistants7%
Secretaries and Administrative Assistants, Except Legal, Medical, and Executive8%
Other Office and Administrative Support Workers14%
Insurance Claims and Policy Processing Clerks10%
Insurance Claims and Policy Processing Clerks10%
Office Clerks, General7%
Office Clerks, General7%

Government Contracts

In the past, the federal government spent an annual total of $3,713,175,134 on the finance & insurance industry. It has awarded 5,940 contracts to 629 companies, with an average value of $5,903,299 per company.

Finance & Insurance and Adjacent Industries - Top Companies

($ Millions)


Finance & Insurance Industry Research
GeographyUnited States  
Publication DateJuly 2024
Report FormatPDF Download  PDF

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