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2025 U.S. Industry Statistics & Market Forecast - Insurance Carriers and Related Activities
Market Size & Industry Statistics
The total U.S. industry market size for Insurance Carriers and Related Activities:
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.
| Statistics | 2020 2021 2022 2023 2024 | |
|---|---|---|
| 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 | ||
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 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Insurance Carriers and Related Activities industry include:- Increased digitization and use of technology
- Shift towards more personalized insurance products
- Greater emphasis on sustainability and climate risk in underwriting
- Regulatory changes affecting policy pricing and coverage
- Rise of insurtech startups disrupting traditional models
- Expansion of cyber insurance due to increased digital threats
- Adoption of advanced data analytics and artificial intelligence
- Demand for health and wellness-focused insurance products
- Impact of global economic fluctuations on insurance premiums
- Growing consumer expectations for digital and mobile services
Product & Services Breakdown
Research products and services in the Insurance Carriers and Related Activities industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Brokering And Dealing Services For Equities |
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Trading Debt Instruments On Own Account - Net Gains (Losses) |
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Trading Equities On Own Account - Net Gains (Losses) |
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Trading Other Securities And Commodity Contracts On Own Account - Net Gains (Losses) |
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Financial Planning And Investment Management Services |
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Underwriting Services For Life Insurance - Net Premiums Earned |
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Underwriting Services For Pensions And Annuities - Fees |
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Underwriting Services For Health And Accident Insurance - Net Premiums Earned |
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Underwriting Services For Surety Bonds And Related Products - Net Premiums Earned |
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Underwriting Services For Vehicle Property And Liability Insurance Policies - Net Premiums Earned |
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Underwriting Services For Property And Liability Insurance Policies, Except Vehicle - Net Premiums Earned |
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Underwriting Services For Product Liability Insurance Policies - Net Premiums Earned |
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Underwriting Services For Other General Liability Insurance Policies, Not Elsewhere Specified - Net Premiums Earned |
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Underwriting Services For Travelers' Insurance Policies - Net Premiums Earned |
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Underwriting Services For Title Insurance Policies - Net Premiums Earned |
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Underwriting Services For Other Direct Insurance Policies - Net Premiums Earned |
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Reinsurance Services For Life And Health Insurance And Annuities - Premiums Assumed |
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Reinsurance Services For Property And Casualty Insurance - Premiums Assumed |
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Reinsurance Services, Not Elsewhere Specified - Premiums Assumed |
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Insurance Brokerage And Agency Services - Commissions |
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Claims Adjustment Services |
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Consulting Services For Insurance |
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Insurance Support Services - Third Party Administration |
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Title Search, Title Reconveyance, And Title Abstract Service Fees |
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Other Services |
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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.
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 Average | Percent 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 | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Insurance Carriers and Related Activities company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry 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 and Related Activities 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 and Related Activities measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
|
| Liquidity Ratios | Industry 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. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
|
| Efficiency Ratios - Key Performance Indicators | Industry 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. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| 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. |
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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.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 11% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 4% | |||
| Operations Specialties Managers | 5% | |||
| Business and Financial Operations Occupations | 25% | |||
| Business Operations Specialists | 18% | |||
| Claims Adjusters, Appraisers, Examiners, and Investigators | 9% | |||
| Claims Adjusters, Examiners, and Investigators | 8% | |||
| Financial Specialists | 8% | |||
| Financial Analysts and Advisors | 5% | |||
| Insurance Underwriters | 8% | |||
| Computer and Mathematical Occupations | 8% | |||
| Computer Occupations | 7% | |||
| Legal Occupations | 5% | |||
| Healthcare Practitioners and Technical Occupations | 9% | |||
| Healthcare Diagnosing or Treating Practitioners | 8% | |||
| Registered Nurses | 7% | |||
| Registered Nurses | 7% | |||
| Sales and Related Occupations | 19% | |||
| Sales Representatives, Services | 18% | |||
| Insurance Sales Agents | 17% | |||
| Insurance Sales Agents | 17% | |||
| Office and Administrative Support Occupations | 31% | |||
| Information and Record Clerks | 13% | |||
| Customer Service Representatives | 11% | |||
| Customer Service Representatives | 11% | |||
| Other Office and Administrative Support Workers | 10% | |||
| Insurance Claims and Policy Processing Clerks | 8% | |||
| Insurance Claims and Policy Processing Clerks | 8% | |||
Insurance Carriers and Related Activities Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Insurance Carriers and Related Activities 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 Insurance Carriers and Related Activities 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 Insurance Carriers and Related Activities industry. |
Source:
Latest Industry News
- California’s plan to ‘Make Polluters Pay’ for climate change stalls again. Why oil companies are fiercely opposed - The state's ambitious Climate Superfund legislation would hold fossil fuel companies liable for emissions, but continues to face fierce opposition. (07/07/2025)
- California ruling could force change to home insurance rules - Thousands of wildfire survivors whose smoke-related claims were denied by the FAIR Plan could now appeal to receive payments. (07/02/2025)
- Best Travel Insurance Companies of July 2025 - CNBC Select reviewed more than 22 travel insurance companies to pick the best, based on cost, coverage options, customization and more. (Read our methodology to learn about how we made our choices.) (07/01/2025)
- Fintech Bank Formation and Acquisition - A discussion of the evolving landscape for fintech companies seeking to establish new banks or acquire existing banks, including the benefits and drawbacks of each approach, types of available bank charters, (07/01/2025)
- Best Long-Term Care Insurance Companies of July 2025 - Planning for long-term care as you age can be a smart financial move — a practical way to prepare for the realities of growing older. As Americans live longer, more of us will need support later in life. (06/30/2025)
- Self-Driving Car Insurance Market To Hit $88.1 Billion By 2032, Powered By AI Adoption And Autonomous Vehicle Expansion - Self-Driving Car Insurance Market to Hit $88.1 Billion by 2032, Powered by AI Adoption and Autonomous Vehicle Expansion Growing Advancemen (06/27/2025)
- Four Ways Generative AI Can Boost Companies' Top Lines - Boston Consulting Group (BCG) research found that more than half of CMOs surveyed expect to see at least 5% topline growth from their GenAI-related operations. Three out of 5 respondents said they will devote at least $10 million to AI and GenAI projects over the next three years. (06/25/2025)
- 10 Biggest Insurance Companies - Investopedia - UNH, BRK.B, and CVS lead the 10 biggest insurance companies Nathan Reiff has been writing expert articles and news about financial topics such as investing and trading, cryptocurrency, ETFs, and ... (06/24/2025)
- How smart contracts could redefine insurance for agents - The insurance industry is on the verge of a monumental shift, driven by the integration of blockchain technology and smart contracts. (06/24/2025)
- Colorado will soon force insurance companies to recognize homeowners’ wildfire mitigation efforts. Will it be enough to drive down premiums? - AspenTimes.com - Lisa Lewis was curious to see what $500,000 worth of wildfire mitigation work in her mountain community might do for her homeowners insurance premium. Her Summit County neighborhood, situated mere feet from U.S. Forest Service-owned land at the base of the Gore Range, was among the first in the country to implement a fuels reduction project in a protected wilderness area in 2022. By partnering ... (06/10/2025)
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