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Hoover's is Beta Testing our Industries section.
Commercial Insurance Industry Financials
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Commercial Insurance Industry Financial Summary
About 130,000 insurance agency and broker offices in the US generate annual revenues of $85 billion. Large companies include Marsh & McLennan, Arthur J. Gallagher, and Aon. Despite the prominence of large companies in the commercial segment, the industry remains highly fragmented: the largest 50 firms only hold 20 percent of the total market. The average office has five employees and generates less than a million dollars in annual revenue. An insurance agent works on the insurance company's behalf; an insurance broker on the customer's behalf. Many companies on the commercial side function mainly as brokers.
Using the 2002 Census Bureau Economic Census, Hoover's has generated an industry financial summary for the Commercial Insurance industry.
| NAICS | NAICS Description | Establishments | Sales, Receipts, or Shipments ($1,000) | Annual Payroll ($1,000) | Paid Employees |
|---|---|---|---|---|---|
| 524126 | Direct property & casualty insurance carriers | 12,951 | $366,051,948 | $32,078,906 | 607,027 |
| All NAICS Sectors | 12,951 | $366,051,948 | $32,078,906 | 607,027 |
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