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2024 U.S. Industry Statistics & Market Forecast - Reinsurance Carriers


Market Size & Industry Statistics

The total U.S. industry market size for Reinsurance 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 Reinsurance Carriers industry has been experiencing a number of key trends that are affecting market dynamics and driving new business models and strategies. These trends include the following:

1. Increased demand for risk mitigation: As global economic and political uncertainties escalate, insurers and their policyholders are looking for reinsurance carriers to mitigate risk and stabilize their financial positions.

2. Advancements in technology leading to innovation: Innovations such as automation, artificial intelligence, and telematics are changing the way reinsurers operate and interact with clients. Adopting these technologies will enable carriers to reduce costs and increase efficiency.

3. Climate change and natural disasters: Reinsurance carriers are facing the challenge of increasing frequency and severity of natural disasters that are leading to higher claim payouts. This has also led to an increased focus on sustainability.

4. Consolidation: The industry has been undergoing consolidation as insurers seek to merge and acquire to achieve economies of scale, improve competitiveness, and diversify risk.

5. Regulatory changes: The imposition of new regulations, such as the EUís Solvency II directive, is driving the need for more robust risk modeling and management practices.

6. Alternative solutions: The industry has begun experimenting with alternative solutions to traditional reinsurance products. Examples include insurance-linked securities, collateralized reinsurance, and catastrophe bonds.

Overall, the Reinsurance Carriers industry is undergoing significant changes and challenges that require players to adapt and innovate in order to differentiate themselves and remain competitive.



Product & Services Breakdown

Research products and services in the Reinsurance 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)

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

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

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

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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
Net Income
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Reinsurance 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 Reinsurance 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 Reinsurance 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 12%

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Chief Executives0%
General and Operations Managers3%
Operations Specialties Managers 5%
Business and Financial Operations Occupations 30%
Business Operations Specialists 21%
Claims Adjusters, Appraisers, Examiners, and Investigators 10%
Claims Adjusters, Examiners, and Investigators 9%
Financial Specialists 9%
Financial Analysts and Advisors 6%
Computer and Mathematical Occupations 12%
Computer Occupations 10%
Sales and Related Occupations 8%
Sales Representatives, Services 8%
Insurance Sales Agents 7%
Insurance Sales Agents 7%
Office and Administrative Support Occupations 28%
Information and Record Clerks 12%
Customer Service Representatives 11%
Customer Service Representatives 11%
Other Office and Administrative Support Workers 9%
Insurance Claims and Policy Processing Clerks 7%
Insurance Claims and Policy Processing Clerks 7%
Source: Bureau of Labor Statistics


Reinsurance Carriers Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Reinsurance 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 Reinsurance 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 Reinsurance Carriers industry.
Source:
IncFact




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