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Insurance Carriers (NAICS 5241) Industry Market Research Report

Insurance Carriers - Market Size and Forecast

The Insurance Carriers report contains both historical and forecasted statistics. Total market size figures from 2015 to 2025 reveal industry growth patterns and trends. Market size measurements include both public and private companies in the industry.

HistoricalForecasted
20152016201720182019202020212022202320242025
Market Size (Total Revenue)

Included in Report

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

Industry Revenue ($ Billions)

Insurance Carriers Industry Revenue
  • 2015
  • 2016
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021


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.

Insurance Carriers - 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 Insurance Carriers companies in the United States.

Insurance Carriers Revenue by State

US Market Size by State

Distribution by Company Size

Company SizeAll IndustriesInsurance Carriers
Small Business (< 5 Employees)

Included

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

Insurance Carriers - 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

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

Average Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits

Rent

Advertising

Depreciation and Amortization

Officer Compensation

Net Income


Insurance Carriers - Financial Ratio Analysis

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

Financial RatioIndustry 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

Insurance Carriers - Product Mix

Product DescriptionDescriptionRevenue
($ Millions)
Industry total

Included

Health and medical insurance products - premiums
Comprehensive medical service plans
Annuity products
Vehicle prop & liability (casualty) insurance products - premiums
Life insurance products - premiums
Personal vehicle insurance products - premiums
Property & liability (exc vehicle) insurance products - premiums
Indiv serv med cov plans (incl supp medicare, champus, & oth)
Variable deferred annuities

Insurance Carriers - Compensation and Salary Surveys

TitlePercent of WorkforceBottom QuartileAverage (Median) SalaryUpper Quartile
Management Occupations9%

Included

Chief Executives0%
General and Operations Managers2%
Business and Financial Operations Occupations29%
Business Operations Specialists20%
Claims Adjusters, Appraisers, Examiners, and Investigators11%
Claims Adjusters, Examiners, and Investigators10%
Financial Specialists9%
Financial Analysts and Advisors6%
Insurance Underwriters7%
Computer and Mathematical Occupations12%
Computer Occupations10%
Healthcare Practitioners and Technical Occupations7%
Health Diagnosing and Treating Practitioners5%
Sales and Related Occupations9%
Sales Representatives, Services8%
Insurance Sales Agents7%
Insurance Sales Agents7%
Office and Administrative Support Occupations35%
Information and Record Clerks14%
Customer Service Representatives12%
Customer Service Representatives12%
Other Office and Administrative Support Workers13%
Insurance Claims and Policy Processing Clerks10%
Insurance Claims and Policy Processing Clerks10%

Government Contracts

In 2008, the federal government spent a total of $1,408,647,098 on the insurance carriers industry. It has awarded 912 contracts to 108 companies, with an average value of $13,043,029 per company.

Insurance Carriers and Adjacent Industries - Top Companies

CompanyAddressRevenue
($ Millions)

Included





Insurance Carriers Industry Report
GeographyUnited States  
Publication DateSeptember 2020
Report FormatPDF Download  
Price$499.00

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