Analysis
NAICS 524126 is the 2022 national industry for direct property and casualty insurance carriers, part of 52412 (Direct Insurance (except Life, Health, and Medical) Carriers). Census lists 24 example activities under it in the official index.
County Business Patterns counts 11,888 US establishments in this code in 2023, employing 620,496 people at an average annual payroll of $103,337 per employee (86th percentile of national industries). 52% of the establishments have fewer than five employees, which is close to the national mix.
By establishments it ranks 1st of the 3 codes at this level within Direct Insurance (except Life, Health, and Medical) Carriers, with 72.6% of them.
Between 2018 and 2023 the number of establishments fell 10% and employment rose 6%. The 2018 count used NAICS 2017, so part of a large move can come from codes being redefined rather than from businesses opening or closing.
Its index entries, the activities Census uses to assign businesses to this code, include agricultural (i.e., crop, livestock) insurance carriers…, automobile insurance carriers, direct, bonding, fidelity or surety insurance, direct and burglary and theft insurance carriers, direct, among 24 in all.
For example, reinsuring property and casualty insurance policies are classified in 524130 (Reinsurance Carriers) instead.
Official definition
This U.S. industry comprises establishments primarily engaged in initially underwriting (i.e., assuming the risk and assigning premiums) insurance policies that protect policyholders against losses that may occur as a result of property damage or liability.
Illustrative Examples:
Automobile insurance carriers, direct Malpractice insurance carriers, direct Fidelity insurance carriers, direct Mortgage guaranty insurance carriers, direct Homeowners' insurance carriers, direct Surety insurance carriers, direct Liability insurance carriers, direct
Source: US Census Bureau, NAICS 2022 Manual.
Not this code if…
| The business mainly does | Use instead |
|---|---|
| Reinsuring property and casualty insurance policies | 524130 Reinsurance Carriers |
Index entries (24)
- Agricultural (i.e., crop, livestock) insurance carriers, direct
- Automobile insurance carriers, direct
- Bonding, fidelity or surety insurance, direct
- Burglary and theft insurance carriers, direct
- Casualty insurance carriers, direct
- Credit and other financial responsibility insurance carriers, direct
- Crop insurance carrier, direct
- Fidelity insurance carriers, direct
- Fire insurance carriers, direct
- Guaranteeing international trade loans
- Homeowners' insurance carriers, direct
- Insurance carriers, fidelity, direct
- Insurance carriers, property and casualty, direct
- Insurance carriers, surety, direct
- Insurance underwriting, property and casualty, direct
- Liability insurance carriers, direct
- Malpractice insurance carriers, direct
- Marine insurance carriers, direct
- Mortgage guaranty insurance carriers, direct
- Plate glass insurance carriers, direct
- Property and casualty insurance carriers, direct
- Property damage insurance carriers, direct
- Surety insurance carriers, direct
- Workers' compensation insurance underwriting