2011 U.S. Property & Casualty Insurance Carriers Industry Report

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     ARNES
Property & Casualty Insurance
Carriers (NAICS 524126)


            n Market Reports

            n Industry Trends

            n Demographic Data




  Edition   2011
                     © C. Barnes & Co.
       Property & Casualty Insurance Carriers
                   (NAICS 524126)


                                     TABLE OF CONTENTS
          Users' Guide
          Industry Definition and Related Industries
          Industry Establishments, Sales & Employment Trends
          Industry Ratios
          Establishments, Firms & Payroll
          Sub-Industries - 2010 Estimated Industry Sales ($Millions)
          Sub-Industries - 2010 Estimated Number of Establishments
          Sub-Industries - 2010 Estimated Number of Employees
          5-Year Trend - Estimated Industry Sales ($Millions)
          5-Year Trend - Estimated Number of Establishments
          5-Year Trend - Estimated Number of Employees
          2011 U.S. States - Estimated Number of Establishments
          2011 U.S. States - Estimated Industry Sales ($Millions)
          2011 U.S. States - Estimated Number of Employees
          2012 U.S. States - Estimated Number of Establishments
          2012 U.S. States - Estimated Industry Sales ($Millions)
          2012 U.S. States - Estimated Number of Employees
          2011 U.S. Metropolitan Areas - Estimated Number of Establishments
          2011 U.S. Metropolitan Areas - Estimated Industry Sales ($Millions)
          2011 U.S. Metropolitan Areas - Estimated Number of Employees
          2012 U.S. Metropolitan Areas - Estimated Number of Establishments
          2012 U.S. Metropolitan Areas - Estimated Industry Sales ($Millions)
          2012 U.S. Metropolitan Areas - Estimated Number of Employees
          Definitions and Terms




© 2011 Barnes Reports: U.S. Property and Casualty Insurance Carriers Industry   1
             Property & Casualty Insurance Carriers
                         (NAICS 524126)

                                                    USERS' GUIDE
The Barnes Reports are the leading publications on U.S. industries and estimates and forecasts
on sales and employment demographics. As a way of making the most of this information, we have
included a few suggestions and tips to aid you in processing and using this information.

Managers, planners, and market researchers use this information for a variety of activities:
   • Sizing markets and segments – You can estimate the size of the regional markets you sell in
              and your company’s market penetration into that market. You can do the same with the market
              segments in which you participate.
   • Sales territory potential – You can estimate your market penetration and also the market potential
              in any regional area or market segment.
   • Sales forecasting – With the estimates on the size of the industry, market researchers supporting
              a sales force can then estimate and forecast the future size of the industry.
   • Advertising strategies – You can use this information for forecasting and estimating sales potential
              and target advertising campaigns.
   • Competitive analysis – You will use the information to locate your possible competitors (if it is
              not already known), to estimate their size, growth and strengths and weaknesses and to see what
              market segments in which they participate.

We recognize that many managers today are asked to provide detailed analysis of their markets,
sales territories, distribution channels, and product placements. We have organized these reports in a
logical format making your market analysis and research tasks easy to accomplish.




Copyright © 2010 By C. Barnes & Co.
Printed in USA

All rights reserved. This publication may not be reproduced, stored in any information or retrieval system
or transmitted in whole or in part, in any form or by any means - electronic, mechanical, photocopying,
recording or otherwise - without the express written permission of C. Barnes & Co.

Note: Every effort has been made to verify and ensure the accuracy of the information within this
publication. However, if any errors exist in this publication C. Barnes & Co. disclaims any liability for
any loss or damage to any party as a result of the information or errors in this publication.


     © 2011 Barnes Reports: U.S. Property and Casualty Insurance Carriers Industry                              2
            Property & Casualty Insurance Carriers
                        (NAICS 524126)

Industry Definition and Related Industries

NAICS 524126: Property & Casualty Insurance Carriers. This industry
comprises establishments primarily engaged in underwriting fire, marine,
and casualty insurance. These establishments are operated by enterprises
that may be owned by stockholders, policyholders, or other carriers.




Related Industries
          Health & Medical Insurance Carriers
          Life Insurance Carriers
          Rental Car Agencies
          Mortgage & Non-Mortgage Loan Brokers

U.S. Census Categories
NAICS 524126 – Property & Casualty Insurance Carriers is comparable to:
98% of SIC 6331 – Fire, Marine & Casualty Insurance Carriers and
96% of SIC 6351 - Surety Insurance Carriers

Sub-Industries
Fire, marine, and casualty insurance                                 Automobile insurance
Agricultural insurance                                               Boiler insurance
Federal Crop Insurance Corporation                                   Burglary and theft insurance
Fire, marine and casualty insurance and carriers                     Contact lens insurance
Associated factory mutuals, fire and marine insurance                Plate glass insurance
Fire, marine, and casualty insurance: mutual                         Property damage insurance
Fire, marine, and casualty insurance: stock                          Reciprocal interinsurance exchanges
Assessment associations: fire, marine and casualty insurance         Workers' compensation insurance



    © 2011 Barnes Reports: U.S. Property and Casualty Insurance Carriers Industry                          3
                 Property & Casualty Insurance Carriers
                             (NAICS 524126)

Industry Establishments, Sales & Employment Trends

                                                            Year                                  Percent Chg. Year-to-Year
                                   2008        2009         2010          2011       2012        08-09 09-10 10-11 11-12
Establishments                       15,929       15,123      15,317        15,081      15,568       -5.1%         1.3%       -1.5%    3.2%
Sales ($Millions)                   644,178      620,799     679,887       720,781    811,938        -3.6%         9.5%        6.0%    12.6%
Employment                          509,273      483,940     489,848       482,572    497,740        -5.0%         1.2%       -1.5%    3.1%




Industry Ratios

                                                            Year                                  Percent Chg. Year-to-Year
(Industry Averages) 2008 2009                               2010          2011       2012        08-09 09-10 10-11 11-12
Sales ($M)/Estab.       40.44     41.05                         44.39        47.79       52.15        1.5%         8.1%        7.7%    9.1%
Sales ($)/Emp.      1,264,897 1,282,801                    1,387,955 1,493,622 1,631,248              1.4%         8.2%        7.6%    9.2%
Emps. per Estab.         32.0      32.0                          32.0         32.0        32.0        0.1%        -0.1%        0.1%    -0.1%




Establishments, Firms & Payroll

                                    Employee Size of Firm or Establishment
            2010                   1-4          5-9        10-19          20-99 100-499 500+                        Total
                                  Emps.        Emps.       Emps.          Emps. Emps. Emps.
Firms                                  1,619         528            240       289          212         214                     3,102
Establishments                         8,990       1,665        1,290        1,813         747         208                   15,319
Payroll ($Millions)                     104          106            129       718        2,249      32,835                   36,142


* Firms (total company) are represented by employee size of firm.
 Establishments (individual locations) are represented by employee size of establishments.
 "Total establishments" do not include "unknown employees" so will not match "total establishments" in other parts of the report.




      © 2011 Barnes Reports: U.S. Property and Casualty Insurance Carriers Industry                                                            4
         Property & Casualty Insurance Carriers
                     (NAICS 524126)

Sub-Industries – 2010 Estimated Industry Sales ($Millions)

                                                                 Total
                     Sub-Industries                              Sales
            Fire, marine, and casualty insurance                  $220,127.7
            Agricultural insurance                                    $481.4
            Federal Crop Insurance Corporation                         $17.2
            Fire, marine and casualty insurance                    $75,544.4
            Associated factory mutuals, fire and                        $7.7
            Fire, marine, and casualty insurance:                  $32,005.1
            Fire, marine, and casualty insurance:                  $43,568.9
            Assessment associations: fire,                             $46.9
            Automobile insurance                                   $71,992.8
            Boiler insurance                                          $758.2
            Burglary and theft insurance                              $381.7
            Contact lens insurance                                      $1.3
            Plate glass insurance                                       $1.1
            Property damage insurance                             $218,078.5
            Reciprocal interinsurance                               $6,858.7
            Workers' compensation insurance                        $10,015.4



Sub-Industries – 2010 Estimated Number of Establishments

                                                                 Total
                      Sub-Industries                         Establishments
            Fire, marine, and casualty insurance                        4,934
            Agricultural insurance                                        181
            Federal Crop Insurance Corporation                            107
            Fire, marine and casualty insurance and carriers              931
            Associated factory mutuals, fire and marine insurance          23
            Fire, marine, and casualty insurance: mutual                  590
            Fire, marine, and casualty insurance: stock                   107
            Assessment associations: fire, marine and casualty insurance 89
            Automobile insurance                                        2,703
            Boiler insurance                                               14
            Burglary and theft insurance                                   14
            Contact lens insurance                                          2
            Plate glass insurance                                           7
            Property damage insurance                                   4,587
            Reciprocal interinsurance exchanges: fire, marine, casualty    55
            Workers' compensation insurance                               974




  © 2011 Barnes Reports: U.S. Property and Casualty Insurance Carriers Industry   5
         Property & Casualty Insurance Carriers
                     (NAICS 524126)

Sub-Industries – 2010 Estimated Number of Employees

                                                                 Total
                     Sub-Industries                           Employment
            Fire, marine, and casualty insurance                    178,658
            Agricultural insurance                                      2,101
            Federal Crop Insurance Corporation                            475
            Fire, marine and casualty insurance and carriers          60,286
            Associated factory mutuals, fire and marine insurance          92
            Fire, marine, and casualty insurance: mutual              37,737
            Fire, marine, and casualty insurance: stock               13,476
            Assessment associations: fire, marine and casualty insurance4,908
            Automobile insurance                                      54,014
            Boiler insurance                                              660
            Burglary and theft insurance                                  276
            Contact lens insurance                                         19
            Plate glass insurance                                          49
            Property damage insurance                                 90,461
            Reciprocal interinsurance exchanges: fire, marine, casualty 5,784
            Workers' compensation insurance                           40,851




  © 2011 Barnes Reports: U.S. Property and Casualty Insurance Carriers Industry   6
         Property & Casualty Insurance Carriers
                     (NAICS 524126)

5-Year Trend – Estimated Industry Sales ($Millions)

                                         Employee Size of Establishment                                      Total
  Year      1-4        5-9       10-19     20-49     50-99     100-249 250-499 500-999 >1000         Un-      Industry
            Emps.      Emps.     Emps.     Emps.     Emps.     Emps. Emps. Emps. Emps.               known Sales
                                                                                                     Emps.
  2008        56,094    22,516    37,576    72,000    58,225 82,200 85,875        79,200   126,000     24,492    644,178
  2009        54,035    21,689    36,197    69,357    56,088 79,183 82,723        76,293   121,375     23,861    620,799
  2010        59,196    23,761    39,654    75,981    61,444 86,745 90,623        83,579   132,967     25,937    679,887
  2011        62,739    25,183    42,027    80,529    65,122 91,937 96,047        88,582   140,925     27,690    720,781
  2012        70,701    28,379    47,361    90,749    73,387 103,605 108,237      99,824   158,811     30,882    811,938


5-Year Trend – Estimated Number of Establishments

                                         Employee Size of Establishment                                      Total
  Year      1-4        5-9       10-19     20-49     50-99     100-249 250-499 500-999 >1000         Un-     Establish-
            Emps.      Emps.     Emps.     Emps.     Emps.     Emps. Emps. Emps. Emps.               known ments
                                                                                                     Emps.
  2008         9,349     1,732     1,342     1,200      685        548     229      132        84        630     15,929
  2009         8,876     1,644     1,274     1,139      650        520     217      125        80        598     15,130
  2010         8,990     1,665     1,290     1,154      659        527     220      127        81        606     15,319
  2011         8,851     1,640     1,271     1,136      649        519     217      125        80        596     15,087
  2012         9,137     1,693     1,312     1,173      669        536     224      129        82        616     15,568


5-Year Trend – Estimated Number of Employees

                                         Employee Size of Establishment                                      Total
  Year      1-4        5-9       10-19     20-49     50-99     100-249 250-499 500-999 >1000         Un-      Employ-
            Emps.      Emps.     Emps.     Emps.     Emps.     Emps. Emps. Emps. Emps.               known ment
                                                                                                     Emps.
  2008        28,047    10,392    18,788    38,400    41,785    72,884   69,845   79,992   108,948     40,192   509,273
  2009        26,628     9,866    17,837    36,457    39,671    69,197   66,311   75,945   103,436     38,592   483,940
  2010        26,970     9,993    18,066    36,925    40,180    70,085   67,162   76,920   104,763     38,784   489,848
  2011        26,554     9,839    17,788    36,356    39,560    69,004   66,127   75,733   103,148     38,464   482,572
  2012        27,411    10,156    18,362    37,529    40,837    71,231   68,261   78,178   106,478     39,296   497,740




  © 2011 Barnes Reports: U.S. Property and Casualty Insurance Carriers Industry                                      7
              Property & Casualty Insurance Carriers
                          (NAICS 524126)

                 U.S. States – Estimated Number of Establishments
                                     Year: 2011

                                                Employee Size of Establishment                                                   Total
Area Name 1-4              5-9          10-19        20-49        50-99        100-249 250-499 500-999 >1000        Un-          Estab-
				
DOCUMENT INFO
Description: The Property & Casualty Insurance Carriers Industry report, published annually by Barnes Reports, contains timely and accurate industry statistics, forecasts and demographics. The report features 2011 current and 2012 forecast estimates on the size of the industry (sales, establishments, employment) nationally and for all 50 U.S. States and over 900 metro areas. New to the report this year are: financial ratios, number of firms and payroll estimates. The report also includes industry definition, 5-year historical trends on industry sales, establishments and employment, a breakdown of establishments, sales and employment by employee size of establishment (9 categories), and estimates on up to 10 sub-industries, including fire, marine and casualty insurance, automobile insurance, workers' compensation insurance, and property damage insurance.
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