Direct Health and Medical Insurance Carriers in Michigan
Revenue benchmarks for direct health and medical insurance carriers businesses operating in Michigan.
#13 of 50 states-39.3% vs national avg
Average Revenue
$108.9M
per year
Businesses
45
in Michigan
Revenue / Employee
$347K
per year
Labor Cost
30.0%
of revenue
Profit Margin
15.0%
industry average
Market Saturation
0.4
firms per 100K in MI
Total Revenue
$4.9B
all firms in MI
Total Employees
14,127
in MI
How Michigan Compares
National Average$179.5M
Michigan$108.9M
Difference$70.6M (-39.3%)