research
AnythingResearch
Industry Data & Market Research
AnythingResearch

2024 U.S. Industry Statistics & Market Forecast - Direct Property and Casualty Insurance Carriers


Market Size & Industry Statistics

The total U.S. industry market size for Direct Property and Casualty Insurance Carriers: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics        2019        2020        2021        2022        2023
Market Size
(Total Sales/Revenue)


Order at top of page
Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data



Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.





Forecast / Industry Outlook 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The Direct Property & Casualty Insurance Carriers industry is experiencing a number of key trends that are impacting the way these companies do business. One of the most significant trends is the increased use of technology, particularly in areas such as underwriting and claims handling. This has led to more streamlined processes and greater efficiency, as well as increased competition as companies are able to offer more personalized and tailored products to customers.

Another trend is the growing importance of data analytics and risk management. As the industry becomes more complex and risk factors increase, insurers are relying on sophisticated modeling and analytics tools to better understand and manage risks. This has also led to the growth of specialized insurance products that are tailored to specific industries or segments, such as cyber insurance for businesses.

The industry is also experiencing increased consolidation, as smaller carriers struggle to compete with larger companies that have greater resources and economies of scale. This has led to a growing number of mergers and acquisitions, as well as increased scrutiny from regulators over antitrust concerns.

Finally, there has been a greater focus on customer experience, driven by changing consumer preferences and the increased use of social media and other digital channels. Insurers are investing in technology and personnel to provide more personalized and efficient service to customers, as well as to better communicate and engage with them. Overall, these trends are shaping the direction of the Direct Property & Casualty Insurance Carriers industry and will continue to do so in the years to come.



Product & Services Breakdown

Research products and services in the Direct Property and Casualty Insurance Carriers industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Trading Debt Instruments On Own Account - Net Gains (Losses)

Trading Equities On Own Account - Net Gains (Losses)

Trading Other Securities And Commodity Contracts On Own Account - Net Gains (Losses)

Underwriting Services For Life Insurance - Net Premiums Earned

Underwriting Services For Pensions And Annuities - Fees

Underwriting Services For Health And Accident Insurance - Net Premiums Earned

Underwriting Services For Surety Bonds And Related Products - Net Premiums Earned

Underwriting Services For Vehicle Property And Liability Insurance Policies - Net Premiums Earned

Personal Vehicle Insurance Policies

Commercial Vehicle Insurance Policies

Underwriting Services For Property And Liability Insurance Policies, Except Vehicle - Net Premiums Earned

Underwriting Services For Agricultural Multiple Peril Insurance Policies

Underwriting Services For Homeowners Multiple Peril Insurance Policies

Underwriting Services For Commercial Multiple Peril Insurance Policies

Underwriting Services For Transportation Insurance Policies

Underwriting Services For Fire Insurance Policies

Underwriting Services For Burglary And Theft Insurance Policies

Underwriting Services For Glass And Window Insurance Policies

Underwriting Services For Earthquake Insurance Policies

Underwriting Services For Property And Liability Insurance Policies, Not Elsewhere Specified

Underwriting Services For Product Liability Insurance Policies - Net Premiums Earned

Underwriting Services For Other General Liability Insurance Policies, Not Elsewhere Specified - Net Premiums Earned

Medical Malpractice Insurance Policies

Workers Compensation Insurance Policies

Other General Liability Insurance Policies

Underwriting Services For Travelers' Insurance Policies - Net Premiums Earned

Underwriting Services For Other Direct Insurance Policies - Net Premiums Earned

Reinsurance Services For Property And Casualty Insurance - Premiums Assumed

Reinsurance Services, Not Elsewhere Specified - Premiums Assumed

Other Services



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

Order at top of page
Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Net Income
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Direct Property and Casualty Insurance Carriers company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Direct Property and Casualty Insurance Carriers industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Direct Property and Casualty Insurance Carriers measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 11%

Order at top of page
Chief Executives0%
General and Operations Managers3%
Operations Specialties Managers 5%
Business and Financial Operations Occupations 37%
Business Operations Specialists 24%
Claims Adjusters, Appraisers, Examiners, and Investigators 17%
Claims Adjusters, Examiners, and Investigators 16%
Financial Specialists 13%
Financial Analysts and Advisors 10%
Insurance Underwriters 8%
Computer and Mathematical Occupations 11%
Computer Occupations 9%
Legal Occupations 5%
Sales and Related Occupations 8%
Sales Representatives, Services 8%
Insurance Sales Agents 7%
Insurance Sales Agents 7%
Office and Administrative Support Occupations 26%
Information and Record Clerks 9%
Customer Service Representatives 7%
Customer Service Representatives 7%
Other Office and Administrative Support Workers 10%
Insurance Claims and Policy Processing Clerks 8%
Insurance Claims and Policy Processing Clerks 8%
Source: Bureau of Labor Statistics


Direct Property and Casualty Insurance Carriers Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Direct Property and Casualty Insurance Carriers industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Direct Property and Casualty Insurance Carriers industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Innovators:
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators:
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Direct Property and Casualty Insurance Carriers industry.
Source:
IncFact




Innovation News



Recent Federal Contracts for Direct Property and Casualty Insurance Carriers

  • Feb 15, 2024: NUVOLOGIC CONSULTING INC (Mc Lean, VA) awarded $7,120,407
  • Jan 26, 2024: SEGUROS CREFISA SA (Tegucigalpa, ) awarded $10,079
  • Jan 25, 2024: STEFFES AGENCY INC. (Bismarck, ND) awarded $21,353
  • Jan 24, 2024: MISCELLANEOUS FOREIGN AWARDEES (Washington, DC) awarded $10,130




Related Reports

Can't find what you're looking for? We have over a thousand market research reports. Ask us and an analyst will help you find what you need.

Industries Related to Direct Property and Casualty Insurance Carriers