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Insurance Carriers Industry Analysis

Identify industry changes, evaluate the market size, market outlook, trends, key players, and growth opportunities.

Contents Standard Report Premium Report
Industry Overview & Outlook . .
Market Size (industry trends) . .
Market Forecast (5-year projection)   .
Products/Services Breakdown   .
Revenue per State . .
Financial Metrics . .
Salary & Compensation Benchmarks . .
Key Companies   .
Industry News & Innovators   .
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2018 Market Analysis & Industry Outlook: Insurance Carriers


Overview of the U.S. Insurance Carriers Industry

This section provides answers to key questions about the industry:
  1. What is the total market size (industry revenue)?
  2. What is the industry outlook?
  3. Market Analysis: Is the market growing or declining, and how quickly?
  4. Are long-term forecasts positive or negative?
  5. What is the average company size in the industry?
  6. How many companies are in the industry?

Market Size & Industry Statistics

The total U.S. industry market size for 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.

market size 2018
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2012        2013        2014        2015        2016        2017
Market Size
(Total Sales/Revenue)


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



Market Forecast[PREMIUM]

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

market forecast

Forecast / Industry Outlook 2017 2018 2019 2020 2021 2022
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Product & Services Breakdown

Research products and services in the 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

Individual Term Life

Individual Whole Life

Individual Universal Life

Group Life

Other Life

Underwriting Services For Pensions And Annuities - Fees

Variable Deferred Annuities

Fixed Rate Deferred Annuities

Immediate Annuities

Underwriting Services For Health And Accident Insurance - Net Premiums Earned

Individual Medical Service Plans

Other Health And Medical Insurance Services

Dental Service Plans - Group And Individual

Supplemental Medicare Insurance Plans

Supplemental Champus/Tricare Insurance Plans

Group Managed Care Medical Service Plans

Group Fee-For-Service Medical Service Plans

Accidental Death And Dismemberment, And Disability Income Insurance Plans

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 Title Insurance Policies - Net Premiums Earned

Underwriting Services For Other Direct Insurance Policies - Net Premiums Earned

Reinsurance Services For Life And Health Insurance And Annuities - Premiums Assumed

Reinsurance Services For Property And Casualty Insurance - Premiums Assumed

Reinsurance Services, Not Elsewhere Specified - Premiums Assumed

Claims Adjustment Services

Insurance Support Services - Third Party Administration

Title Search, Title Reconveyance, And Title Abstract Service Fees

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 of Insurance Carriers by state

Insurance Carriers Industry Price Trends

Rise and fall in market prices are affectedd by supply, demand, and the cost of goods/services sold. Higher demand or COGS will put upward price pressure on prices. Higher competition among Insurance Carriers companies will put a downward pressure on prices. The chart shows how prices are changing within the industry, month-to-month over the last three years.

price index trends

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

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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
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a 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 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 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 9%

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Chief Executives0%
General and Operations Managers2%
Business and Financial Operations Occupations 29%
Business Operations Specialists 20%
Claims Adjusters, Appraisers, Examiners, and Investigators 11%
Claims Adjusters, Examiners, and Investigators 10%
Financial Specialists 9%
Financial Analysts and Advisors 7%
Insurance Underwriters 5%
Computer and Mathematical Occupations 11%
Computer Occupations 9%
Sales and Related Occupations 9%
Sales Representatives, Services 8%
Insurance Sales Agents 7%
Insurance Sales Agents 7%
Office and Administrative Support Occupations 36%
Information and Record Clerks 13%
Customer Service Representatives 11%
Customer Service Representatives 11%
Other Office and Administrative Support Workers 15%
Insurance Claims and Policy Processing Clerks 11%
Insurance Claims and Policy Processing Clerks 11%
Source: Bureau of Labor Statistics


Insurance Carriers Industry Market Share [PREMIUM]

Largest companies in the industry and related industries, with private company revenue estimates.

CompanyAddressRevenue Estimate









Innovation News

  • Minnesota Life Insurance trademarks "SECURIAN FINANCIAL" - Business services in the nature of managing and administering a network of financial, insurance, investment, retirement and annuity advisors and agents; member financial benefits program - 01/06/2018
  • Interdesign trademarks "ID" - Metal hooks for cabinets and drawers; hooks made of metal for use in a shower and secured by a suction cup; baskets made of common metals that hang over kitchen cabinets; metal goods - 01/06/2018
  • Munich Reinsurance America trademarks "LOSSDETECT" - Computer software for insurance risk management - 01/06/2018
  • Nationwide Private Placement Variable Account 2 raises $51 million in funding. - 01/04/2018
  • Pgim raises $450 million in funding. - 11/21/2017
  • Vision Service Plan patents Systems And Methods For Charging Eyewear - 09/07/2017
  • Allstate Indemnity patents Assistance On The Go - 08/31/2017
  • Sentry Insurance A Mutual patents Integration Of Independent Platforms - 08/31/2017
  • Florida Specialty Holdings raises $15 million in funding. - 08/25/2017




  • Top Innovators

    2002659557395
    CompanyInnovation Score
    American International Group2002
    Humana659
    Allstate Indemnity557
    State Farm Mutual Automobile Insurance395

    Additional companies, details and innovation scoring in the full report.

    Latest Industry News

    • NIC dismisses reports of barring two insurance companies - The National Insurance Commission(NIC) has disputed claims that it has barred or closed two insurance companies in the country. According to the Chief Executive Officer of the commission, Justice Ofori, the two insurance companies are currently operating ... (01/12/2018)
    • Best Auto Insurance Companies of 2018 - DoughRoller receives compensation from some companies issuing financial products, like credit cards and bank accounts, that appear on this site. Unless a post is clearly marked "Sponsored", however, products mentioned in editorial articles and reviews are ... (01/12/2018)
    • National Insurance Commission bans 2 insurance companies - National Insurance Commission (NIC) has barred two insurance companies from full operation. It has also extended its deadline till end of 2018 for companies to meet its increased minimum capital gain. The Insurance Act requires that all insurance and ... (01/11/2018)
    • Insurance companies must stop giving us the run-around and start paying our damage claims - With property insurance purchases, the company has a method or agent whereby you are diligently alerted of your renewal date. Why then won’t the companies work as diligently with their clients when a claim is filed? The runaround that we the people in ... (01/11/2018)
    • Insurance Companies Require Written Inventory From Fire Victims' Burned Homes - When the overnight firestorm raged through Santa Rosa in October, nothing in the three-bedroom house at 1445 Starview Court survived. “Nothing,” said homeowner Holly Webb. “It’s all gone.” And so, Webb was stunned when State Farm told her that ... (01/10/2018)
    • Prescription denied? Insurance companies have reasons, but Kansas group calls for limits - When Daniel Ford was diagnosed with multiple sclerosis in December 2015, it was a shock to both him and his wife, Gayle Taylor-Ford. But what happened next shocked the Overland Park couple almost as much. Ford’s neurologist told them there was something ... (01/10/2018)
    • Usher Herpes Accuser Suing Insurance Companies for Sharing Medical Records - One of the women who sued Usher for allegedly giving her herpes is now suing the insurance companies for sharing her medical records, reports TMZ. Laura Helm, who initially sued Usher anonymously back in July, says her insurance application ended up in a ... (01/09/2018)
    • Here’s How Health Insurance Companies Ripped Off People For Years - Let’s dream for a second. Imagine a world where you are satisfied with your health insurance provider. You’re well-versed in the coverage it provides you, where your money goes each month, and there’s nothing shady happening behind the scenes that ... (01/09/2018)
    • Insurance Companies Need To Adjust Product And Approach To Address Millennials - Maxime Rieman works at ValuePenguin, a company focused on educating and assisting consumers with insurance and other financial products. When millennials were in their teens and early twenties, they left their mark on a number of industries, from ... (01/05/2018)
    • Insurance companies send settlement checks to Hurricane Irma victims with string attached - FORT LAUDERDALE, Fla. | Some Florida homeowners are finding that their insurance companies are employing an interesting strategy to avoid future claims. Settlement checks sent by at least three companies include language saying that accepting the check ... (01/05/2018)


    Government Contracts

    In 2016, the federal government spent a total of $1,408,647,098 on Insurance Carriers. It has awarded 912 contracts to 108 companies, with an average value of $13,043,029 per company.   

    Top government vendors:

    CompanyFederal ContractsTotal Award Amount



    Growth Opportunities / Competitive Threats

    Companies in other industries may also sell similar products. Since there is an overlap in the customer base, there may be an opportunity for companies in Insurance Carriers to sell additional products/services offered by these adjacent industries. Alternatively, these industries may identify further products in this industry to target. Products most at risk are those with the highest profit margins and lowest barriers to entry.

    The following industries are competing channels for sales of similar products/services.

    Trading Equities On Own Account - Net Gains (Losses)
    Competing IndustrySales Relative to Insurance CarriersOpportunity/Threat
    Direct Life, Health & Medical Insurance Carriers Competing industry
    Direct Insurance Carriers Competing industry
    Investment Banking & Securities Dealing Competing industry
    Venture Capital, Multifamily Investment Firms & Other Intermediation Competing industry
    Securities Brokerage Competing industry

    Sales from other industries of Trading Equities On Own Account - Net Gains (Losses) are less than those from Insurance Carriers. This may mean that other channels are a competitive risk of increasing their Trading Equities On Own Account - Net Gains (Losses) sales, taking market share from this industry.
    Trading Equities On Own Account - Net Gains (Losses) Product Sales Report



    Trading Debt Instruments On Own Account - Net Gains (Losses)
    Competing IndustrySales Relative to Insurance CarriersOpportunity/Threat
    Commercial Banking Competing industry
    Direct Life, Health & Medical Insurance Carriers Competing industry
    Securities Brokerage Competing industry
    Investment Banking & Securities Dealing Competing industry
    Direct Insurance Carriers Competing industry

    Sales from other industries of Trading Debt Instruments On Own Account - Net Gains (Losses) are less than those from Insurance Carriers. This may mean that other channels are a competitive risk of increasing their Trading Debt Instruments On Own Account - Net Gains (Losses) sales, taking market share from this industry.
    Trading Debt Instruments On Own Account - Net Gains (Losses) Product Sales Report



    Trading Derivative Contracts On Own Account - Net Gains (Losses)
    Trading Derivative Contracts On Own Account - Net Gains (Losses) Product Sales Report