Insurance Agencies & Brokerages Industry - Market Size, Trends, and Growth - 2025-2030

Industry Overview

This industry group comprises establishments primarily engaged in (1) acting as agents (i.e., brokers) in selling annuities and insurance policies or (2) providing other employee benefits and insurance related services, such as claims adjustment and third party administration.
Source: U.S. Census Bureau

Market Size and Industry Forecast

This research report analyzes the market size and trends in the Insurance Agencies and Brokerages industry. It shows overall market size from 2020 to the present, and predicts industry growth through 2030. Revenues data include both public and private companies.

	Historical					Forecasted
	2020	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030
Market Size (Total Revenue)	Included in Report
% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company

Source: U.S. government financial data



Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Insurance Agencies & Brokerages companies in the United States.

Distribution by Company Size

Company Size	All Industries	Insurance Agencies & Brokerages
Small Business (< 5 Employees)	Included
Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Insurance Agencies & Brokerages Industry Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:

• Cost of goods sold
• Compensation of officers
• Salaries and wages
• Employee benefit programs
• Rent paid
• Advertising and marketing budgets

The report includes a traditional income statement from an "average" company (both public and private companies are included).

	Industry Average	Percent of Sales
Total Revenue	Included
Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit

Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial Ratio	Industry Average
Profitability Ratios	Included
Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Products and Services Mix

Product lines and services in the Insurance Agencies & Brokerages industry accounting for the largest revenue sources.

Product Description	Description	Revenue ($ Millions)
Industry total	Included
Insurance brokerage and agency products - commissions
Property & casualty insurance - commercial lines - commissions
Other products related to insurance
Property & casualty insurance - personal lines - commissions
Third party admin & mgt of hlth and/or welfare funds/plans - fees
Health and medical insurance - commissions
Life and accident insurance - commissions
Annuity insurance - commissions
Claims adjustment products

Compensation and Salary Surveys

Salary information for employees working in the Insurance Agencies & Brokerages industry.

Title	Percent of Workforce	Bottom Quartile	Average (Median) Salary	Upper Quartile
Management Occupations	6%	Included
Chief Executives	0%
General and Operations Managers	3%
Business and Financial Operations Occupations	17%
Business Operations Specialists	12%
Claims Adjusters, Appraisers, Examiners, and Investigators	8%
Claims Adjusters, Examiners, and Investigators	7%
Financial Specialists	5%
Computer and Mathematical Occupations	7%
Computer Occupations	6%
Sales and Related Occupations	28%
Sales Representatives, Services	26%
Insurance Sales Agents	26%
Insurance Sales Agents	26%
Office and Administrative Support Occupations	42%
Information and Record Clerks	16%
Customer Service Representatives	14%
Customer Service Representatives	14%
Secretaries and Administrative Assistants	5%
Secretaries and Administrative Assistants	5%
Other Office and Administrative Support Workers	16%
Insurance Claims and Policy Processing Clerks	11%
Insurance Claims and Policy Processing Clerks	11%

Government Contracts

The federal government spent an annual total of $302,130,058 on the insurance agencies & brokerages industry. It has awarded 1,412 contracts to 141 companies, with an average value of $2,142,766 per company.

Top Companies in Insurance Agencies & Brokerages and Adjacent Industries

Company	Address	Revenue ($ Millions)
Included