BReports
ARNES
Property & Casualty Insurance
Carriers (NAICS 524126)
n Market Reports
n Industry Trends
n Demographic Data
2011 Jobs & Wages series
© 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
Percentiles of Job Titles - Hourly & Annual Wages
5-Year Trends of Job Titles - Hourly & Annual Wages
5-Year Trends of Payroll & Fringe Benefits
Industry Job Titles:
Management occupations - major Group
Chief executives - sub Group
General and operations managers - sub Group
Sales managers - sub Group
Administrative services managers - sub Group
Computer and information systems managers - sub Group
Financial managers - sub Group
Managers, all other - sub Group
Business and financial operations occupations - major Group
Claims adjusters, examiners, and investigators - sub Group
Insurance appraisers, auto damage - sub Group
Compliance officers, except agriculture, construction - sub Group
Training and development specialists - sub Group
Management analysts - sub Group
Business operations specialists, all other - sub Group
Accountants and auditors - sub Group
Financial analysts - sub Group
Insurance underwriters - sub Group
Computer and mathematical science occupations - major Group
Computer programmers - sub Group
Computer software engineers, applications - sub Group
Computer support specialists - sub Group
Computer systems analysts - sub Group
Network and computer systems administrators - sub Group
Network systems and data communications analysts - sub Group
Actuaries - sub Group
Life, physical, and social science occupations - major Group
Market research analysts - sub Group
Legal occupations - major Group
Lawyers - sub Group
Title examiners, abstractors, and searchers - sub Group
Arts, design, entertainment, sports, and media - major Group
Healthcare practitioner and technical occupations - major Group
Registered nurses - sub Group
Sales and related occupations - major Group
© 2011 Barnes Reports: U.S. Property and Casualty Insurance Carriers Industry-Jobs Wages
Property & Casualty Insurance Carriers
(NAICS 524126)
TABLE OF CONTENTS
Industry Job Titles:
First-line supervisors/managers of non-retail sales workers - sub Group
Insurance sales agents - sub Group
Sales representatives, services, all other - sub Group
Office and administrative support occupations - major Group
First-line supervisors/managers of admin workers - sub Group
Billing and posting clerks and machine operators - sub Group
Bookkeeping, accounting, and auditing clerks - sub Group
Customer service representatives - sub Group
Receptionists and information clerks - sub Group
Executive secretaries and administrative assistants - sub Group
Secretaries, except legal, medical, and executive - sub Group
Data entry keyers - sub Group
Insurance claims and policy processing clerks - sub Group
Appendix
© 2011 Barnes Reports: U.S. Property and Casualty Insurance Carriers Industry-Jobs Wages
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-Jobs Wages
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-Jobs Wages
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-Jobs Wages
Property & Casualty Insurance Carriers
(NAICS 524126)
Percentiles of Job Titles - Hourly & Annual Wages
Summary Table
2011 Hourly Wage ($) 2011 Annual Wage ($) Total
Area Name 10 per- 25 per- Median 75 per- 90 per- 10 per- 25 per- Median 75 per- 90 per- Employ-
centile centile centile centile centile centile centile centile ees
U.S. Total 29.53 39.13 51.32 68.68 96.24 61,431 61,431 106,751 142,860 200,220 482,572
Management
occupations 29.53 39.13 51.32 68.68 96.24 61,431 61,431 106,751 142,860 200,220 39,293
Chief executives 42.09 56.58 80.05 119.33 167.22 87,541 87,541 166,504 248,155 347,791 1,997
General and
operations
managers 29.30 39.31 54.54 81.29 113.92 60,940 60,940 113,426 169,049 236,923 7,788
Sales managers 22.76 36.19 51.38 71.23 99.82 47,344 47,344 106,865 148,156 207,642 3,465
Administrative
services
managers 22.73 29.47 38.13 48.45 61.72 47,289 47,289 79,323 100,813 128,426 2,338
Computer and
information
systems
managers 35.11 42.89 51.63 62.22 75.57 73,037 73,037 107,401 129,423 157,217 5,430
Financial
managers 32.46 42.07 54.06 70.54 98.86 67,525 67,525 112,461 146,747 205,668 7,753
Managers, all
other 26.30 34.27 44.97 57.33 72.51 54,717 54,717 93,557 119,251 150,831 4,467
Business and
financial
operations
occupations 15.87 19.88 25.79 33.27 41.15 33,006 33,006 53,610 69,193 85,569 135,142
Claims
adjusters,
examiners, and
investigators 14.77 18.38 23.86 30.25 36.24 30,723 30,723 49,653 62,935 75,401 49,890
Insurance
appraisers, auto
damage 17.75 20.85 24.18 27.76 32.08 36,916 36,916 50,307 57,750 66,713 2,599
Compliance
officers, except
agriculture,
construction 16.18 20.08 26.27 34.05 42.51 33,645 33,645 54,618 70,797 88,389 3,026
Training and
development
specialists 16.00 19.53 24.53 30.93 37.60 33,261 33,261 51,015 64,342 78,193 3,981
Management
analysts 18.38 22.86 29.27 37.09 45.68 38,212 38,212 60,887 77,120 94,989 11,649
© 2011 Barnes Reports: U.S. Property and Casualty Insurance Carriers Industry-Jobs Wages
Property & Casualty Insurance Carriers
(NAICS 524126)
Percentiles of Job Titles - Hourly & Annual Wages
Summary Table
2011 Hourly Wage ($) 2011 Annual Wage ($) Total
Area Name 10 per- 25 per- Median 75 per- 90 per- 10 per- 25 per- Median 75 per- 90 per- Employ-
centile centile centile centile centile centile centile centile ees
Business
operations
specialists, all
other 15.94 20.82 28.29 37.58 47.27 33,132 33,132 58,813 78,127 98,263 11,964
Accountants and
auditors 17.23 20.83 26.26 33.68 42.56 35,834 35,834 54,626 70,045 88,512 9,792
Financial
analysts 19.99 24.44 31.88 40.67 52.95 41,593 41,593 66,310 84,607 110,151 5,811
Insurance
underwriters 16.81 20.87 27.13 36.27 46.11 34,982 34,982 56,426 75,445