2024 Direct Insurance Carriers Industry Research Report

Direct Insurance Carriers - Market Size and Industry Forecast

The 2024 Direct Insurance Carriers 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 direct insurance carriers 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.

Direct 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 Direct Insurance Carriers companies in the United States.

Direct Insurance Carriers Revenue by State

Market Size by State

Distribution by Company Size

Company SizeAll IndustriesDirect Insurance Carriers
Small Business (< 5 Employees)


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

Direct 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


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

Direct 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


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

Direct Insurance Carriers - Product Mix

Product DescriptionDescriptionRevenue
($ Millions)
Industry total


Vehicle prop & liability (casualty) insurance products - premiums
Personal vehicle insurance products - premiums
Property & liability (exc vehicle) insurance products - premiums
Other general liability insurance products - premiums
Homeowners' multiple peril insurance products - premiums
Other property & liability (exc vehicle) insur prod - premiums
Workers' compensation insurance products - premiums
Commercial vehicle insurance products - premiums
Commercial multiple peril insurance products - premiums

Direct Insurance Carriers - Compensation and Salary Surveys

TitlePercent of WorkforceBottom QuartileAverage (Median) SalaryUpper Quartile
Management Occupations7%


Chief Executives0%
General and Operations Managers2%
Business and Financial Operations Occupations35%
Business Operations Specialists24%
Claims Adjusters, Appraisers, Examiners, and Investigators18%
Claims Adjusters, Examiners, and Investigators16%
Financial Specialists11%
Financial Analysts and Advisors8%
Insurance Underwriters7%
Computer and Mathematical Occupations10%
Computer Occupations8%
Sales and Related Occupations9%
Sales Representatives, Services8%
Insurance Sales Agents7%
Insurance Sales Agents7%
Office and Administrative Support Occupations33%
Information and Record Clerks10%
Customer Service Representatives8%
Customer Service Representatives8%
Other Office and Administrative Support Workers15%
Insurance Claims and Policy Processing Clerks12%
Insurance Claims and Policy Processing Clerks12%

Government Contracts

In the past, the federal government spent an annual total of $2,138,673 on the direct insurance carriers industry. It has awarded 143 contracts to 39 companies, with an average value of $54,838 per company.

Direct Insurance Carriers and Adjacent Industries - Top Companies

($ Millions)


Direct Insurance Carriers Industry Report
GeographyUnited States  
Publication DateApril 2024
Report FormatPDF Download  PDF

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