Size of the US Insurance Carriers and Related Activities industry
NAICS 524, Insurance Carriers and Related Activities. Every figure on this page was published by a federal statistical agency and carries its source and period. Palanor does not estimate: a period the agency didn’t publish shows as missing, and a figure it withheld shows as withheld.
Key figures
- Receipts (sales, shipments or revenue)
- $3.27 trillion
- 2022 · Economic Census
All establishments, current dollars - Revenue, not seasonally adjusted
- $1.05 trillion
- 2026-Q2 · Quarterly Services Survey
Employer firms, current dollars - Employment
- 2,580,737
- 2026-Q1 · Quarterly Census of Employment and Wages
Private-sector jobs in the third month of each quarter
Over time
How it has changed
Show the numbers
| Period | Value |
|---|---|
| 2026-Q2 | $1.05 trillion |
| 2026-Q1 | $1.02 trillion |
| 2025-Q4 | $1.01 trillion |
| 2025-Q3 | $1.01 trillion |
| 2025-Q2 | $989 billion |
| 2025-Q1 | $971 billion |
| 2024-Q4 | $946 billion |
| 2024-Q3 | $940 billion |
| 2024-Q2 | $916 billion |
| 2024-Q1 | $909 billion |
| 2023-Q4 | $860 billion |
| 2023-Q3 | $840 billion |
| 2023-Q2 | $836 billion |
| 2023-Q1 | $828 billion |
| 2022-Q4 | $793 billion |
| 2022-Q3 | $787 billion |
| 2022-Q2 | $774 billion |
| 2022-Q1 | $757 billion |
| 2021-Q4 | $748 billion |
| 2021-Q3 | $746 billion |
| 2021-Q2 | $720 billion |
| 2021-Q1 | $710 billion |
| 2020-Q4 | $698 billion |
| 2020-Q3 | $696 billion |
| 2020-Q2 | $661 billion |
| 2020-Q1 | $672 billion |
| 2019-Q4 | $667 billion |
| 2019-Q3 | $662 billion |
| 2019-Q2 | $649 billion |
| 2019-Q1 | $637 billion |
| 2018-Q4 | $635 billion |
| 2018-Q3 | $624 billion |
| 2018-Q2 | $614 billion |
| 2018-Q1 | $608 billion |
| 2017-Q4 | $595 billion |
| 2017-Q3 | $585 billion |
| 2017-Q2 | $584 billion |
| 2017-Q1 | $576 billion |
| 2016-Q4 | $578 billion |
| 2016-Q3 | $566 billion |
| 2016-Q2 | $559 billion |
| 2016-Q1 | $551 billion |
| 2015-Q4 | $555 billion |
| 2015-Q3 | $545 billion |
| 2015-Q2 | $550 billion |
| 2015-Q1 | $547 billion |
| 2014-Q4 | $539 billion |
| 2014-Q3 | $536 billion |
| 2014-Q2 | $523 billion |
| 2014-Q1 | $516 billion |
| 2013-Q4 | $499 billion |
| 2013-Q3 | $486 billion |
| 2013-Q2 | $491 billion |
| 2013-Q1 | $498 billion |
| 2012-Q4 | $485 billion |
| 2012-Q3 | $493 billion |
| 2012-Q2 | $476 billion |
| 2012-Q1 | $472 billion |
| 2011-Q4 | $460 billion |
| 2011-Q3 | $453 billion |
| 2011-Q2 | $450 billion |
| 2011-Q1 | $446 billion |
| 2010-Q4 | $445 billion |
| 2010-Q3 | $445 billion |
| 2010-Q2 | $432 billion |
| 2010-Q1 | $426 billion |
| 2009-Q4 | $438 billion |
| 2009-Q3 | $430 billion |
Source: U.S. Census Bureau, Quarterly Services Survey · Employer firms, current dollars · Agency label: Insurance Carriers and Related Activities
Show the numbers
| Period | Value |
|---|---|
| 2026-Q1 | $857 billion |
| 2025-Q4 | $865 billion |
| 2025-Q3 | $853 billion |
| 2025-Q2 | $831 billion |
| 2025-Q1 | $822 billion |
| 2024-Q4 | $817 billion |
| 2024-Q3 | $801 billion |
| 2024-Q2 | $783 billion |
| 2024-Q1 | $765 billion |
| 2023-Q4 | $755 billion |
| 2023-Q3 | $757 billion |
| 2023-Q2 | $744 billion |
| 2023-Q1 | $742 billion |
| 2022-Q4 | $727 billion |
| 2022-Q3 | $726 billion |
| 2022-Q2 | $695 billion |
| 2022-Q1 | $686 billion |
| 2021-Q4 | $665 billion |
| 2021-Q3 | $633 billion |
| 2021-Q2 | $621 billion |
| 2021-Q1 | $631 billion |
| 2020-Q4 | $643 billion |
| 2020-Q3 | $637 billion |
| 2020-Q2 | $628 billion |
| 2020-Q1 | $630 billion |
| 2019-Q4 | $660 billion |
| 2019-Q3 | $638 billion |
| 2019-Q2 | $627 billion |
| 2019-Q1 | $600 billion |
| 2018-Q4 | $594 billion |
| 2018-Q3 | $606 billion |
| 2018-Q2 | $593 billion |
| 2018-Q1 | $589 billion |
| 2017-Q4 | $568 billion |
| 2017-Q3 | $567 billion |
| 2017-Q2 | $565 billion |
| 2017-Q1 | $576 billion |
| 2016-Q4 | $606 billion |
| 2016-Q3 | $599 billion |
| 2016-Q2 | $582 billion |
| 2016-Q1 | $561 billion |
| 2015-Q4 | $562 billion |
| 2015-Q3 | $564 billion |
| 2015-Q2 | $581 billion |
| 2015-Q1 | $555 billion |
| 2014-Q4 | $527 billion |
| 2014-Q3 | $510 billion |
| 2014-Q2 | $489 billion |
| 2014-Q1 | $448 billion |
| 2013-Q4 | $416 billion |
| 2013-Q3 | $386 billion |
| 2013-Q2 | $375 billion |
| 2013-Q1 | $376 billion |
| 2012-Q4 | $402 billion |
| 2012-Q3 | $409 billion |
| 2012-Q2 | $406 billion |
| 2012-Q1 | $411 billion |
| 2011-Q4 | $389 billion |
| 2011-Q3 | $385 billion |
| 2011-Q2 | $384 billion |
| 2011-Q1 | $384 billion |
| 2010-Q4 | $378 billion |
| 2010-Q3 | $375 billion |
| 2010-Q2 | $371 billion |
| 2010-Q1 | $370 billion |
| 2009-Q4 | $375 billion |
| 2009-Q3 | $374 billion |
| 2009-Q2 | $365 billion |
| 2009-Q1 | $349 billion |
| 2008-Q4 | $350 billion |
| 2008-Q3 | $342 billion |
| 2008-Q2 | $345 billion |
| 2008-Q1 | $362 billion |
| 2007-Q4 | $390 billion |
| 2007-Q3 | $409 billion |
| 2007-Q2 | $416 billion |
| 2007-Q1 | $410 billion |
| 2006-Q4 | $386 billion |
| 2006-Q3 | $376 billion |
| 2006-Q2 | $365 billion |
| 2006-Q1 | $363 billion |
| 2005-Q4 | $358 billion |
| 2005-Q3 | $352 billion |
| 2005-Q2 | $344 billion |
| 2005-Q1 | $339 billion |
Source: U.S. Bureau of Economic Analysis, GDP by Industry · Current dollars · Agency label: Insurance carriers and related activities
NAICS 2022 from 2022-Q1
Show the numbers
| Period | Value | NAICS |
|---|---|---|
| 2026-Q1 | 2,580,737 | 2022 |
| 2025-Q4 | 2,601,926 | 2022 |
| 2025-Q3 | 2,586,344 | 2022 |
| 2025-Q2 | 2,596,109 | 2022 |
| 2025-Q1 | 2,592,542 | 2022 |
| 2024-Q4 | 2,602,348 | 2022 |
| 2024-Q3 | 2,596,144 | 2022 |
| 2024-Q2 | 2,599,110 | 2022 |
| 2024-Q1 | 2,580,532 | 2022 |
| 2023-Q4 | 2,577,833 | 2022 |
| 2023-Q3 | 2,564,884 | 2022 |
| 2023-Q2 | 2,562,785 | 2022 |
| 2023-Q1 | 2,536,342 | 2022 |
| 2022-Q4 | 2,532,916 | 2022 |
| 2022-Q3 | 2,512,222 | 2022 |
| 2022-Q2 | 2,494,735 | 2022 |
| 2022-Q1 | 2,480,885 | 2022 |
| 2021-Q4 | 2,478,935 | 2017 |
| 2021-Q3 | 2,431,428 | 2017 |
| 2021-Q2 | 2,417,190 | 2017 |
| 2021-Q1 | 2,416,814 | 2017 |
| 2020-Q4 | 2,413,787 | 2017 |
| 2020-Q3 | 2,396,504 | 2017 |
| 2020-Q2 | 2,397,250 | 2017 |
| 2020-Q1 | 2,411,985 | 2017 |
| 2019-Q4 | 2,426,319 | 2017 |
| 2019-Q3 | 2,401,017 | 2017 |
| 2019-Q2 | 2,398,568 | 2017 |
| 2019-Q1 | 2,374,277 | 2017 |
Source: U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages · Private-sector jobs in the third month of each quarter
Show the numbers
| Period | Value |
|---|---|
| 2023 | 2,964,086 |
| 2022 | 2,866,585 |
| 2021 | 2,799,419 |
| 2020 | 2,798,464 |
| 2019 | 2,729,762 |
| 2018 | 2,680,307 |
| 2017 | 2,596,059 |
Source: U.S. Census Bureau, County Business Patterns · Paid employees in the pay period including March 12
NAICS 2022 from 2022-Q1
Show the numbers
| Period | Value | NAICS |
|---|---|---|
| 2026-Q1 | 230,857 | 2022 |
| 2025-Q4 | 230,004 | 2022 |
| 2025-Q3 | 228,157 | 2022 |
| 2025-Q2 | 226,367 | 2022 |
| 2025-Q1 | 225,302 | 2022 |
| 2024-Q4 | 226,859 | 2022 |
| 2024-Q3 | 225,904 | 2022 |
| 2024-Q2 | 225,526 | 2022 |
| 2024-Q1 | 223,535 | 2022 |
| 2023-Q4 | 224,430 | 2022 |
| 2023-Q3 | 222,896 | 2022 |
| 2023-Q2 | 220,375 | 2022 |
| 2023-Q1 | 219,354 | 2022 |
| 2022-Q4 | 218,487 | 2022 |
| 2022-Q3 | 219,478 | 2022 |
| 2022-Q2 | 216,652 | 2022 |
| 2022-Q1 | 214,233 | 2022 |
| 2021-Q4 | 212,911 | 2017 |
| 2021-Q3 | 210,166 | 2017 |
| 2021-Q2 | 208,755 | 2017 |
| 2021-Q1 | 203,821 | 2017 |
| 2020-Q4 | 203,022 | 2017 |
| 2020-Q3 | 200,807 | 2017 |
| 2020-Q2 | 198,408 | 2017 |
| 2020-Q1 | 197,553 | 2017 |
| 2019-Q4 | 198,276 | 2017 |
| 2019-Q3 | 196,927 | 2017 |
| 2019-Q2 | 195,566 | 2017 |
| 2019-Q1 | 194,631 | 2017 |
Source: U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages · Private ownership
Show the numbers
| Period | Value |
|---|---|
| 2023 | 176,459 |
| 2022 | 180,971 |
| 2021 | 181,472 |
| 2020 | 181,309 |
| 2019 | 181,161 |
| 2018 | 182,900 |
| 2017 | 180,115 |
Source: U.S. Census Bureau, County Business Patterns
NAICS 2022 from 2022-Q1
Show the numbers
| Period | Value | NAICS |
|---|---|---|
| 2026-Q1 | $97.1 billion | 2022 |
| 2025-Q4 | $69.9 billion | 2022 |
| 2025-Q3 | $65.5 billion | 2022 |
| 2025-Q2 | $67.1 billion | 2022 |
| 2025-Q1 | $93.1 billion | 2022 |
| 2024-Q4 | $67.4 billion | 2022 |
| 2024-Q3 | $63.6 billion | 2022 |
| 2024-Q2 | $64.7 billion | 2022 |
| 2024-Q1 | $89.5 billion | 2022 |
| 2023-Q4 | $64.2 billion | 2022 |
| 2023-Q3 | $59.5 billion | 2022 |
| 2023-Q2 | $60.7 billion | 2022 |
| 2023-Q1 | $83.5 billion | 2022 |
| 2022-Q4 | $59.7 billion | 2022 |
| 2022-Q3 | $58.8 billion | 2022 |
| 2022-Q2 | $56.4 billion | 2022 |
| 2022-Q1 | $78.1 billion | 2022 |
| 2021-Q4 | $59.4 billion | 2017 |
| 2021-Q3 | $53.2 billion | 2017 |
| 2021-Q2 | $52.9 billion | 2017 |
| 2021-Q1 | $69.9 billion | 2017 |
| 2020-Q4 | $56.5 billion | 2017 |
| 2020-Q3 | $49.4 billion | 2017 |
| 2020-Q2 | $49.9 billion | 2017 |
| 2020-Q1 | $69.9 billion | 2017 |
| 2019-Q4 | $51.2 billion | 2017 |
| 2019-Q3 | $48.0 billion | 2017 |
| 2019-Q2 | $48.2 billion | 2017 |
| 2019-Q1 | $66.0 billion | 2017 |
Source: U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages · Private ownership
Show the numbers
| Period | Value |
|---|---|
| 2023 | $292 billion |
| 2022 | $275 billion |
| 2021 | $260 billion |
| 2020 | $248 billion |
| 2019 | $235 billion |
| 2018 | $229 billion |
| 2017 | $212 billion |
Source: U.S. Census Bureau, County Business Patterns
The ledger
Every published measure
| Measure | Source | Latest | Period | History |
|---|---|---|---|---|
| Value added (GDP by industry)Current dollars | GDP by Industry | $843 billion | 2025 | 1997–2025 · 29 published |
| Value added, seasonally adjusted annual rateCurrent dollars | GDP by Industry | $857 billion | 2026-Q1 | 2005-Q1–2026-Q1 · 85 published |
| EmploymentPrivate-sector jobs in the third month of each quarter | Quarterly Census of Employment and Wages | 2,580,737 | 2026-Q1 | 2019-Q1–2026-Q1 · 29 published |
| EstablishmentsPrivate ownership | Quarterly Census of Employment and Wages | 230,857 | 2026-Q1 | 2019-Q1–2026-Q1 · 29 published |
| Total wages in the quarterPrivate ownership | Quarterly Census of Employment and Wages | $97.1 billion | 2026-Q1 | 2019-Q1–2026-Q1 · 29 published |
| Annual payroll | County Business Patterns | $292 billion | 2023 | 2017–2023 · 7 published |
| EmploymentPaid employees in the pay period including March 12 | County Business Patterns | 2,964,086 | 2023 | 2017–2023 · 7 published |
| Establishments | County Business Patterns | 176,459 | 2023 | 2017–2023 · 7 published |
| Annual payroll | Economic Census | $278 billion | 2022 | 2017–2022 · 2 published |
| EmploymentPaid employees in the pay period including March 12 | Economic Census | 2,996,204 | 2022 | 2017–2022 · 2 published |
| Establishments | Economic Census | 181,672 | 2022 | 2017–2022 · 2 published |
| Firms | Economic Census | 135,425 | 2022 | 2017–2022 · 2 published |
| Receipts (sales, shipments or revenue)All establishments, current dollars | Economic Census | $3.27 trillion | 2022 | 2017–2022 · 2 published |
| Revenue, not seasonally adjustedEmployer firms, current dollars | Quarterly Services Survey | $1.05 trillion | 2026-Q2 | 2009-Q3–2026-Q2 · 68 published |
Breakdown
Industries within Insurance Carriers and Related Activities
| NAICS | Industry | Size | Employment |
|---|---|---|---|
| 5241 | Insurance Carriers | $2.77 trillionReceipts · 2022 · Economic Census | 1,188,7872026-Q1 · QCEW |
| 5242 | Agencies, Brokerages, and Other Insurance Related Activities | $495 billionReceipts · 2022 · Economic Census | 1,391,9502026-Q1 · QCEW |
Sources
Where every number comes from
- GDP by Industry, U.S. Bureau of Economic Analysis. Quarterly and annual. Public domain (U.S. Government work). Terms.
- Quarterly Census of Employment and Wages, U.S. Bureau of Labor Statistics. Quarterly. Public domain (U.S. Government work). Terms.
- County Business Patterns, U.S. Census Bureau. Annual. Public domain (U.S. Government work). Terms.
- Economic Census, U.S. Census Bureau. Every five years (2017, 2022). Public domain (U.S. Government work). Terms.
- Quarterly Services Survey, U.S. Census Bureau. Quarterly. Public domain (U.S. Government work). Terms.
Figures are in current dollars and are the agencies’ own, revised when they revise. Each program defines its universe differently (employer firms, private ownership, all establishments), so figures from different sources are not meant to add up. This page is not endorsed by the Census Bureau, BEA or BLS. The same data is in the Palanor API (/v1/industries) and the MCP (palanor_get_industry). All industries.