U.S. Census Bureau
2002 Economic Census main page

Industry Statistics Sampler
NAICS 524
Insurance carriers and related activities

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Definition Data from the Economic Census Annual data
Employers Nonemployers Compare to '97 States Products, Size, etc.
 
Employers: 2002
Table includes only establishments of firms with payroll. Nonemployers are shown below. Introductory text includes scope, methodology, non-sampling error, and confidentiality protection. For descriptions of column headings and rows (industries), click on the appropriate underlined element in the table.
Indus-
try
Detail
NAICS
code		 Description Estab-
lish-
ments		 Revenue
($1,000)		 Annual
payroll
($1,000)		 Paid
employees
Go to this NAICS 52 Finance & insurance 440,268 2,803,854,868 377,790,172 6,578,817
  524 Insurance carriers & related activities 169,520 1,380,082,817 120,630,679 2,406,089
Go to this NAICS 5241 Insurance carriers 31,458 1,273,345,560 83,554,697 1,578,429
Go to this NAICS 5242 Agencies, brokerages, & other insurance related activities 138,062 106,737,257 37,075,982 827,660

 

Nonemployers: 2002
Data based on 2002 Nonemployer Statistics. Table includes only firms subject to federal income tax. Nonemployers are businesses with no paid employees. Introductory text includes scope and methodology. For descriptions of column headings and rows (industries), click on the appropriate underlined element in the table.
NAICS
code 		NAICS Title
 All firms Nonemployers Employers
Establish-
ments		 Receipts ($1,000) Establishments Receipts Establish-
ments		 Revenue ($1,000)
Number % of all $1,000 % of all
52 Finance & insurance 1,100,560 2,847,993,962 660,292 60.0 44,139,094 1.5 440,268 2,803,854,868
524 Insurance carriers & related activities 523,302 1,396,253,916 353,782 67.6 16,171,099 1.2 169,520 1,380,082,817
5241 Insurance carriers 32,002 1,273,400,089 544 1.7 54,529 0.0 31,458 1,273,345,560
5242 Agencies, brokerages, & other insurance related activities 491,300 122,853,827 353,238 71.9 16,116,570 13.1 138,062 106,737,257

 

Definition: NAICS 524   Insurance carriers and related activities

Industries in the Insurance Carriers and Related Activities subsector group establishments that are primarily engaged in one of the following: (1) underwriting (assuming the risk, assigning premiums, and so forth) annuities and insurance policies or (2) facilitating such underwriting by selling insurance policies, and by providing other insurance and employee-benefit related services.

 

Historical comparability

Comparable   NAICS 524, Insurance carriers and related activities, is comparable between 2002 and 1997.

For comparisons with data before 1997, see the Bridge Between 1997 NAICS and 1987 SIC.

 

Comparative Statistics: 2002 and 1997

Data are in current dollars and have not been adjusted for inflation. Table includes only establishments of firms with payroll. Introductory text includes scope, methodology, non-sampling error, and confidentiality protection. "% change" rows show percent change between 1997 and 2002.
1997
NAICS
code		 1997 NAICS Description Year Establishments Revenue ($1,000) Annual payroll ($1,000) Paid employees
524 Insurance carriers & related activities 2002 169,520 1,380,082,817 120,630,679 2,406,089
1997 172,299 1,072,784,074 92,230,010 2,327,306
% change -1.6 28.6 30.8 3.4

 

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Industry
Snapshot		 Link to graphic Industry Snapshot
Geographic Distribution -- Insurance carriers and related activities: 2002

Data for the Finance & insurance sector are published for the U.S., states and metropolitan areas


Table includes only establishments of firms with payroll. Nonemployers are shown above. Introductory text includes scope, methodology, non-sampling error, and confidentiality protection. For descriptions of column headings and rows (industries), click on the appropriate underlined element in the table.
Other
Indus-
tries		 Description Estab-
lish-
ments		 Revenue
($1,000)		 Revenue
% of
U.S.		 Revenue
per capita
($)		 Annual
payroll
($1,000)		 Paid
employees
See other industries in this state United States 169,520 1,380,082,817 100.00 4,790 120,630,679 2,406,089
See other industries in this state     California 16,262 N     13,376,245 241,894
See other industries in this state     New York 9,412 N     10,470,375 171,557
See other industries in this state     Illinois 8,440 N     7,491,780 140,386
See other industries in this state     Texas 12,636 N     7,454,247 164,027
See other industries in this state     Pennsylvania 6,995 N     6,789,151 136,026
See other industries in this state     Connecticut 2,023 N     5,669,572 84,984
See other industries in this state     Florida 11,050 N     5,496,438 124,384
See other industries in this state     New Jersey 3,899 N     5,151,795 83,353
See other industries in this state     Ohio 7,386 N     4,920,403 109,728
See other industries in this state     Massachusetts 3,569 N     4,411,346 74,953
See other industries in this state     Minnesota 4,167 N     3,671,437 68,628
See other industries in this state     Wisconsin 3,782 N     3,431,920 70,588
See other industries in this state     Georgia 4,858 N     3,422,123 69,850
See other industries in this state     Michigan 5,499 N     3,389,501 69,289
See other industries in this state     Virginia 4,105 N     2,630,356 56,705
See other industries in this state     North Carolina 4,671 N     2,347,546 52,409
See other industries in this state     Missouri 4,322 N     2,291,425 50,284
See other industries in this state     Indiana 3,908 N     2,115,787 45,319
See other industries in this state     Washington 3,460 N     2,028,277 42,011
See other industries in this state     Iowa 2,679 N     1,890,414 43,280
See other industries in this state     Colorado 3,574 N     1,856,416 39,391
See other industries in this state     Tennessee 3,201 N     1,707,361 41,572
See other industries in this state     Alabama 2,422 N     1,264,765 26,001
See other industries in this state     Oregon 2,364 N     1,248,083 27,506
See other industries in this state     Louisiana 2,715 N     1,050,482 25,429
See other industries in this state     Kansas 2,472 N     1,031,565 23,106
See other industries in this state     Nebraska 1,868 N     1,013,484 25,639
See other industries in this state     Kentucky 2,209 N     1,010,897 22,407
See other industries in this state     South Carolina 2,074 N     1,004,623 26,453
See other industries in this state     New Hampshire 729 N     776,262 14,137
See other industries in this state     Oklahoma 2,339 N     747,660 20,534
See other industries in this state     Rhode Island 543 N     556,871 10,888
See other industries in this state     Maine 690 N     520,297 11,620
See other industries in this state     Utah 1,481 N     491,529 12,358
See other industries in this state     Nevada 1,192 N     431,729 9,900
See other industries in this state     Mississippi 1,497 N     401,813 10,551
See other industries in this state     Arkansas 1,650 N     378,136 9,871
See other industries in this state     Delaware 434 N     352,792 8,035
See other industries in this state     New Mexico 949 N     317,790 8,466
See other industries in this state     Hawaii 477 N     292,436 6,519
See other industries in this state     West Virginia 953 N     229,240 7,758
See other industries in this state     Idaho 889 N     222,528 6,139
See other industries in this state     Vermont 406 N     197,039 4,159
See other industries in this state     South Dakota 806 N     180,982 5,195
See other industries in this state     North Dakota 716 N     175,127 5,031
See other industries in this state     Montana 813 N     139,892 4,432
  All other states, including those below 6,280 N 100.00   4,421,606 89,375
See other industries in this state     Alaska 267 N     88,706 1,885
See other industries in this state     Arizona 3,303 N     D (25k-49k)
See other industries in this state     Maryland 2,777 N     D (25k-49k)
See other industries in this state     District of Columbia 200 N     D (2500-4999)
See other industries in this state     Wyoming 387 N     70,430 2,077

 

Products Lines for Insurance carriers and related activities
Product
code 		Product description Sales of
this line
($000)		 Percent of
industry sales
(%)		 Graph
50000 Industry total 1,380,082, 100.00
50120 Accident, health, & medical insurance premiums earned - net 356,674,79 25.84
50130 Property & casualty direct insurance premiums earned - net 321,137,20 23.27
50190 Annuity revenue, including considerations & annuity fund deposit 206,838,56 14.99
50110 Life insurance premiums earned - net 121,166,47 8.78
50830 Insurance commissions 76,595,180 5.55
-Other 297,670,59 21.57

For more product detail, see the AFF links below for Product Lines

 

Products, Size, and Other Data from the Economic Census -- Insurance carriers and related activities
Link
to pdf 		Series number Title Link to AFF or Drill-down
tables		 Contents Geography
link to PDF EC02-00C-COMP Comparative Statistics Link to drill-down tables 2002 and 1997 data side by side on a comparable NAICS 1997 basis US, states
link to PDF EC02-52SL-LS Product Lines Link to data in AFF Product Lines by Kind of Business US
link to PDF EC02-52SS-SZ Establishment and Firm Size Link to data in AFF Revenue Size of Establishments US
Link to data in AFF Employment Size of Establishments US
Link to data in AFF Single Unit & Multiunit Firms US
Link to data in AFF Revenue Size of Firms US
Link to data in AFF Employment Size of Firms US
Link to data in AFF Concentration by Largest Firms US
Link to data in AFF Legal Form of Organization US
link to PDF EC02-52A Geographic Area Series Link to data in AFF Summary Statistics US, states, metros
link to PDF SB02-00A Survey of Business Owners Link to data in AFF Business Ownership by Gender, Hispanic or Latino Origin, and Race US
Drill-down iconDown arrows link to tables in "drill-down" format for easy navigation. AFF iconAFF icons link to tables in American FactFinder, which supports further manipulation and downloading. link to PDF PDF symbols link to reports in Portable Document Format (PDF). In order to view these files, you will need the Adobe(R) Acrobat(R) Reader which is available free from the Adobe web site.

 

Data from the Other Census Bureau Programs -- NAICS 524
Hypertext Tables Title (with link to data) Frequency Contents Geography
  Annual Capital Expenditures Survey Annual Capital expenditures for structures and equipment for companies with paid employees US
  County Business Patterns Annual Employees; payroll; number of establishments by employment size of establishment US, states, metro areas, counties
Link to table for this industry Nonemployer Statistics Annual Number of establishments and sales of firms with no paid employees US, states, metro areas, counties
Link to table for this industry Statistics of U.S. Businesses Annual Number of firms, employees, payroll, (and revenue, for 2002 only) by employment-size of the enterprise US, states, metro areas
For more data sets, check a broader NAICS category, such as NAICS 52 To broader NAICS

 

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Source: 2002 Economic Census   Questions?