Insurance Agencies & Brokers Industry - Market Research, Industry Statistics, Company Data

Insurance Agencies & Brokers - Market Size and Industry Forecast

The Insurance Agencies and Brokers market research report contains both historical and forecasted industry statistics. Total market size revenues from 2014 through 2024 reveal industry growth patterns and trends. Market size figures include both public and private companies in the Insurance Agencies & Brokers industry.

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
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.

Insurance Agencies & Brokers Industry Revenue ($ Billions)

Insurance Agencies & Brokers Industry Revenue
  • 2014
  • 2015
  • 2016
  • 2017
  • 2018
  • 2019
  • 2020

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 Insurance Agencies & Brokers industry.

Insurance Agencies & Brokers - 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 agencies & brokers companies in the United States.

Insurance Agencies & Brokers Revenue by State

Market Share by State

Insurance Agencies & Brokers - Distribution by Company Size

Company Size All Industries Insurance Agencies & Brokers
Small Business (< 5 Employees)


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

Insurance Agencies & Brokers - 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 Average Percent 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

Insurance Agencies & Brokers - 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

Insurance Agencies & Brokers · Product Mix

Product Description Description Revenue
($ Millions)
Industry total


Insurance brokerage and agency products - commissions
Property & casualty insurance - commercial lines - commissions
Property & casualty insurance - personal lines - commissions
Health and medical insurance - commissions
Life and accident insurance - commissions
Annuity insurance - commissions
Other insurance brokerage & agency products - commissions
Other products related to insurance
Title insurance - commissions

Insurance Agencies & Brokers - Compensation and Salary Surveys

TitlePercent of Workforce Bottom Quartile Average (Median) Salary Upper Quartile
Management Occupations 5%


Chief Executives 0%
General and Operations Managers 2%
Business and Financial Operations Occupations 11%
Business Operations Specialists 6%
Sales and Related Occupations 37%
Sales Representatives, Services 35%
Insurance Sales Agents 35%
Insurance Sales Agents 35%
Office and Administrative Support Occupations 43%
Information and Record Clerks 16%
Customer Service Representatives 15%
Customer Service Representatives 15%
Secretaries and Administrative Assistants 5%
Secretaries and Administrative Assistants 5%
Other Office and Administrative Support Workers 16%
Insurance Claims and Policy Processing Clerks 11%
Insurance Claims and Policy Processing Clerks 11%

Insurance Agencies & Brokers - Government Contracts

In 2008, the federal government spent a total of $22,068,760 on the insurance agencies & brokers industry. It has awarded 657 contracts to 56 companies, with an average value of $394,085 per company.

Insurance Agencies & Brokers and Adjacent Industries · Top Companies

Company Address Revenue
($ Millions)


Insurance Agencies & Brokers Industry Report
Geography United States  
Publication Date December 2019
Report Format PDF Download  
Price $499

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