524130

Analysis

NAICS 524130 is the 2022 national industry for reinsurance carriers, part of 52413 (Reinsurance Carriers). Census lists 6 example activities under it in the official index.

Between 2018 and 2023 the number of establishments fell 34% and employment rose 8%. 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.

County Business Patterns counts 372 US establishments in this code in 2023, employing 14,511 people at an average annual payroll of $197,577 per employee (100th percentile of national industries). 50% of the establishments have fewer than five employees, which is close to the national mix.

Its index entries, the activities Census uses to assign businesses to this code, include accidental and health reinsurance carriers, life reinsurance carriers, marine reinsurance carriers and medical reinsurance carriers, among 6 in all.

For example, initially underwriting annuities and life insurance policies, disability income insurance policies, accidental death and dismemberment insurance policies, and health and medical insurance policies are classified in 52411 (Direct Life, Health, and Medical Insurance Carriers) instead.

Census lists 2 related activities that belong elsewhere, most often in 52411 and 52412. Businesses that do several things are classified by their primary activity, the one that generates the most value, so check those boundaries before settling on this code.