Direct Life Insurance Carriers in Michigan
Revenue benchmarks for direct life insurance carriers businesses operating in Michigan.
#19 of 50 states-75.3% vs national avg
Average Revenue
$36.4M
per year
Businesses
49
in Michigan
Revenue / Employee
$327K
per year
Labor Cost
30.0%
of revenue
Profit Margin
15.0%
industry average
Market Saturation
0.5
firms per 100K in MI
Total Revenue
$1.8B
all firms in MI
Total Employees
5,453
in MI
How Michigan Compares
National Average$147.7M
Michigan$36.4M
Difference$111.3M (-75.3%)