| Standard Report | Premium Report | |
|---|---|---|
| Current State of the Industry |  |
|
| Market Size (industry trends) | |
|
| Market Forecast (5-year projection) | |
|
| Products/Services Breakdown | |
|
| Revenue per State | |
|
| Financial Metrics | |
|
| Salary & Compensation Statistics | |
|
| Public Company Information | |
|
| Key Private Companies | |
|
| Government Vendors | |
|
| Instant Download - Available immediately upon purchase | |
|
Download both PDF and Excel
|
|
|
| Download now: |
2024 U.S. Industry Statistics & Market Forecast - Reinsurance Carriers
Market Size & Industry Statistics
The total U.S. industry market size for Reinsurance Carriers:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Reinsurance Carriers industry include:- Rising catastrophic events due to climate change
- Shift towards digitalization and automation
- Growing regulatory scrutiny and compliance demands
- Increased use of alternative risk transfer mechanisms including ILS
- Expanding into emerging markets for new growth opportunities
- Cybersecurity risks and the rising demand for cyber reinsurance
- Demand for customized, innovative insurance products
- Low interest rate environment impacting investment returns
- Consolidation in the insurance industry
- Impact of pandemic outbreaks on coverage and pricing strategies
Product & Services Breakdown
Research products and services in the Reinsurance Carriers industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
|||
Trading Debt Instruments On Own Account - Net Gains (Losses) |
|||
Underwriting Services For Property And Liability Insurance Policies, Except Vehicle - Net Premiums Earned |
|||
Underwriting Services For Other General Liability Insurance Policies, Not Elsewhere Specified - Net Premiums Earned |
|||
Reinsurance Services For Life And Health Insurance And Annuities - Premiums Assumed |
|||
Reinsurance Services For Property And Casualty Insurance - Premiums Assumed |
|||
Reinsurance Services, Not Elsewhere Specified - Premiums Assumed |
|||
Other Services |
|||
U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
|
|---|---|---|
| Total Revenue | Order at top of page |
|
| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Reinsurance Carriers company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Reinsurance Carriers industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
|
| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
|
| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Reinsurance Carriers measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
|
| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
|
| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
|
| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
|
| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
|
| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
|
| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
|
Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 12% | Order at top of page |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 3% | |||
| Operations Specialties Managers | 5% | |||
| Business and Financial Operations Occupations | 30% | |||
| Business Operations Specialists | 21% | |||
| Claims Adjusters, Appraisers, Examiners, and Investigators | 10% | |||
| Claims Adjusters, Examiners, and Investigators | 9% | |||
| Financial Specialists | 9% | |||
| Financial Analysts and Advisors | 6% | |||
| Computer and Mathematical Occupations | 12% | |||
| Computer Occupations | 10% | |||
| Sales and Related Occupations | 8% | |||
| Sales Representatives, Services | 8% | |||
| Insurance Sales Agents | 7% | |||
| Insurance Sales Agents | 7% | |||
| Office and Administrative Support Occupations | 28% | |||
| Information and Record Clerks | 12% | |||
| Customer Service Representatives | 11% | |||
| Customer Service Representatives | 11% | |||
| Other Office and Administrative Support Workers | 9% | |||
| Insurance Claims and Policy Processing Clerks | 7% | |||
| Insurance Claims and Policy Processing Clerks | 7% | |||
Reinsurance Carriers Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Reinsurance Carriers industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Reinsurance Carriers industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Reinsurance Carriers industry. |
Source:
Innovation News
- Dec 22, 2023: Alkeme Intermediary Holdings trademarks "ALKEME" - Insurance administration, insurance agencies and brokerages, financial planning and financial services
- Dec 18, 2023: Southern Agency trademarks "BUILDOR" - Providing a pricing program in the field of property and casualty insurance through which members of designated associations, organizations, and groups may be offered or granted downward adjustments in the premiums for such insurance
- Aug 18, 2023: Cover RE trademarks "RE" - Providing temporary use of on-line non-downloadable software for publishing data on a blockchain; Providing temporary use of on-line non-downloadable software for publishing insurance data on a blockchain; Providing temporary use of on-line non-downloadable software for blockchain publication of data about insurance programs underwritten by users
- Jul 13, 2023: Venteur raises $8 million in funding.
- Mar 23, 2023: Fairmatic Services raises $40 million in funding.
- Dec 01, 2022: Fairmatic Services raises $15 million in funding.
Recent Federal Contracts for Reinsurance Carriers
- Mar 19, 2024: GUY CARPENTER & COMPANY, LLC (New York, NY) awarded $3,770,000
Related Reports
Can't find what you're looking for? We have over a thousand
market research reports.
Ask us and an analyst will help you find what you need.