2011 U.S. Life Insurance Carriers Industry-Capital & Expenses Report by BarnesReports

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     ARNES
Life Insurance Carriers
Industry (NAICS 524113)


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           n Industry Trends

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   2011 Capital & Expenses series
                     © C. Barnes & Co.
                Life Insurance Carriers Industry
                         (NAICS 524113)


                                     TABLE OF CONTENTS
          Users' Guide
          Industry Definition and Related Industries
          Industry Establishments, Sales & Employment Trends
          Industry Ratios
          2010 Establishments, Firms & Payroll
          2010 Industry Cost of Materials
          2010 Industry Rentals
          2010 Industry Capital Expenditures
          2010 Industry Other Expenses
          2011 U.S. States - Estimated Cost of Materials
          2011 U.S. States - Estimated Capital Expenditures
          2011 U.S. States - Estimated Other Expenses
          2012 U.S. States - Estimated Cost of Materials
          2012 U.S. States - Estimated Capital Expenditures
          2012 U.S. States - Estimated Other Expenses
          2011 U.S. Metropolitan Areas - Estimated Cost of Materials
          2011 U.S. Metropolitan Areas - Estimated Capital Expenditures
          2011 U.S. Metropolitan Areas - Estimated Other Expenses
          2012 U.S. Metropolitan Areas - Estimated Cost of Materials
          2012 U.S. Metropolitan Areas - Estimated Capital Expenditures
          2012 U.S. Metropolitan Areas - Estimated Other Expenses
          Definitions and Terms




© 2011 Barnes Reports: U.S. Life Insurance Carriers Industry-Capital and Expenses   1
                       Life Insurance Carriers Industry
                                (NAICS 524113)

                                                    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,
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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. Life Insurance Carriers Industry-Capital and Expenses                          2
                    Life Insurance Carriers Industry
                             (NAICS 524113)

Industry Definition and Related Industries

NAICS 524113: Life Insurance Carriers. This industry comprises
establishments primarily engaged in underwriting life insurance.
These establishments are operated by enterprises that may be owned by
stockholders, policyholders, or other carriers.




Related Industries
          Health & Medical Insurance Carriers
          Financial Services
          Banking Services
          Investment Services

U.S. Census Categories
NAICS 524113 – Life Insurance Carriers is almost comparable to:
100% of SIC 6311 – Offices of Life Insurance Carriers and
69% of SIC 6321 - Offices of Accident & Disability Insurance Carriers

Sub-Industries
Life insurance                                              Burial insurance societies
Mutual association life insurance                           Funeral insurance
Cooperative life insurance organizations                    Legal reserve life insurance
Fraternal life insurance organizations                      Life insurance carriers
Fraternal protective associations                           Life insurance funds, savings bank
Assessment life insurance agents                            Life reinsurance carriers
Benevolent insurance associations


    © 2011 Barnes Reports: U.S. Life Insurance Carriers Industry-Capital and Expenses            3
                             Life Insurance Carriers Industry
                                      (NAICS 524113)


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                        9,072        8,521        8,370        8,116       8,292       -6.1%        -1.8%       -3.0%           2.2%
Sales ($Millions)                   623,266     586,397      621,150       641,341    714,613        -5.9%         5.9%        3.3%           11.4%
Employment                          357,274     335,544      329,393       319,526    326,339        -6.1%        -1.8%       -3.0%           2.1%




Industry Ratios

                                                            Year                                    Percent Chg. Year-to-Year
(Industry Averages) 2008 2009                               2010          2011       2012          08-09 09-10 10-11 11-12
Sales ($M)/Estab.       68.70     68.82                         74.21        79.02       86.18        0.2%         7.8%        6.5%           9.1%
Sales ($)/Emp.      1,744,505 1,747,598                     1,885,741 2,007,166 2,189,787             0.2%         7.9%        6.4%           9.1%
Emps. per Estab.         39.4      39.4                          39.4         39.4        39.4        0.0%        -0.1%        0.0%           0.0%




2010 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                                                634            92          64         106           57         146             1,098
Establishments                                     3,694        1,052        1,127       1,509         410          145             8,366
Payroll ($Millions)                                   46            30          41         293         631       29,127             30,168
HR Benefits ($M)                                    10.4            6.8        9.3        66.6        143.4     6,615.5             6,852.0
Health Insurance ($M)                                 3.8           2.4        3.4        24.0         51.7     2,386.7             2,472.0
Pension Plans ($M)                                    1.2           0.8        1.1           7.7       16.6       766.4             793.8
Contribution Plans ($M)                               0.6           0.4        0.6           4.0        8.5       394.0             408.0
Other HR Benefits ($M)                                5.3           3.4        4.7        33.7         72.4     3,342.1             3,461.6




* 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. Life Insurance Carriers Industry-Capital and Expenses                                                               4
                   Life Insurance Carriers Industry
                            (NAICS 524113)


2010 Industry Cost of Materials

                                      Employee Size of Establishment
           2010                  1-4        5-9      10-19     20-99 100-499 500+        Total
                                Emps.      Emps.     Emps.     Emps. Emps. Emps.
Cost of Materials ($M)              63.5      36.1      90.3     350.4   437.3   750.8   1,728.5
Materials Used ($M)                 17.8      10.1      25.3      98.2   122.6   210.4   484.4
Commission Expense ($M)              3.2       1.8       4.5      17.7    22.0    37.8    87.1
Contract Work ($M)                  24.1      13.7      34.2     132.8   165.8   284.6   655.3
Cost of Fuels ($M)                  12.3       7.0      17.5      67.8    84.6   145.3   334.5
Electricity ($M)                     6.1       3.5       8.7      33.9    42.3    72.7   167.2




2010 Industry Rentals

                                      Employee Size of Establishment
           2010                  1-4        5-9      10-19     20-99 100-499 500+        Total
                                Emps.      Emps.     Emps.     Emps. Emps. Emps.
Total Rentals ($M)                  20.0      11.4      28.5     110.5   138.0   236.8   545.2
Building Rentals ($M)               19.1      10.8      27.1     105.2   131.3   225.5   519.0
Machinery Rentals ($M)               1.0       0.5       1.4       5.3     6.6    11.4    26.2




   © 2011 Barnes Reports: U.S. Life Insurance Carriers Industry-Capital and Expenses               5
                   Life Insurance Carriers Industry
                            (NAICS 524113)


2010 Industry Capital Expenditures

                                       Employee Size of Establishment
           2010                  1-4         5-9      10-19      20-99 100-499 500+               Total
                                Emps.       Emps.     Emps.      Emps. Emps. Emps.
Capital Expenditure ($M)            10.6        6.1      15.1       58.8       73.3      125.9     289.8
Buildings/Structures ($M)             4.8       2.7        6.9      26.6       33.2       57.0     131.1
Machinery/Equip. ($M)                 5.8       3.3        8.3      32.2       40.2       68.9     158.7
Autos/Trucks ($M)                     0.1       0.1        0.1        0.5        0.7        1.1     2.6
Computer Equip ($M)                   0.5       0.3        0.7        2.8        3.6        6.1     14.0
Other Machinery ($M)                  5.2       3.0        7.4      28.8       36.0       61.7     142.1
Total Depreciation ($M)             37.5       21.4      53.4      207.1      258.5      443.8    1,021.6




2010 Industry Other Expenses

                                       Employee Size of Establishment
           2010                  1-4         5-9      10-19      20-99 100-499 500+               Total
                                Emps.       Emps.     Emps.      Emps. Emps. Emps.
Other Expenses ($M)               1,564.1     890.7    2,225.9    8,637.0   10,780.0   18,507.1   42,604.8
Expensed Equip. ($M)                  8.5       4.9      12.1       47.1       58.8      100.9     232.4
Software ($M)                       18.4       10.5      26.2      101.7      127.0      218.0     501.7
Repair/Maintenance ($M)               7.3       4.2      10.4       40.5       50.6       86.8     199.9
Advertising Expenses ($M)           31.7       18.1      45.2      175.2      218.7      375.4     864.3
Interest Expenses ($M)              36.3       20.7      51.6      200.3      250.0      429.1     987.9
Taxes & Licenses ($M)               48.6       27.7      69.1      268.2      334.7      574.7    1,323.0
All Other Expenses ($M)           1,413.3     804.8    2,011.2    7,804.0    9,740.3   16,722.2   38,495.7




   © 2011 Barnes Reports: U.S. Life Insurance Carriers Industry-Capital and Expenses                         6
                         Life Insurance Carriers Industry
                                  (NAICS 524113)

                U.S. States – Estimated Cost of Materials ($Millions)
                                     Year: 2011
   Area Name           Materials Used   Commission    Contract Work   Cost of Fuels      Electricity    Total Cost of
                                         Expense                                                          Materials
U.S. Total                     512.7           92.2          693.6            354.1             177.0          1,829.5
Alabama                          7.7            1.4           10.4              5.3               2.7             27.5
Alaska                           0.1            0.0            0.2              0.1               0.0              0.5
Arizona                          8.2            1.5           11.1              5.7               2.8             29.4
Arkansas                         1.4            0.3            1.9              1.0               0.5              5.1
California                      29.6            5.3           40.0             20.4              10.2            105.6
Colorado                         9.7            1.7           13.1              6.7               3.3             34.5
Connecticut                     27.1            4.9           36.7             18.7               9.4             96.9
Delaware                         2.3            0.4            3.1              1.6               0.8              8.1

District of Columbia             0.7            0.1             0.9             0.5               0.2              2.5
Florida                         27.5            4.9            37.2            19.0               9.5             98.1
Georgia                         17.2            3.1            23.2            11.8               5.9             61.2
Hawaii                   
								
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