Direct Property and Casualty Insurance Carriers Revenue Benchmarks

How much does the average direct property and casualty insurance carriers business make? Here are revenue benchmarks based on Census Bureau data.

Average Revenue

$78.6M

per year

💰

Profit Margin

15.0%

industry average

📈

Revenue / Employee

$330K

per year

👤

Total Businesses

2,498

in the US

🏢

Est. Owner Income

$11.8M

small business avg

💵

Labor Cost

30.0%

of revenue

👥

Avg Employee Wage

$112K

per year (BLS)

💼

Market Saturation

0.8

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$347K
5-9 employees
$1.1M
10-19 employees
$3.4M
20-99 employees
$15.1M
100-499 employees
$62.9M
500+ employees
$1.2B

🏆 Highest Revenue States

1.Massachusetts$120.3M avg2.Ohio$100.3M avg3.Connecticut$91.4M avg4.Texas$77.3M avg5.New York$72.5M avg6.New Jersey$63.0M avg7.Wisconsin$57.9M avg8.Illinois$57.1M avg9.Washington$57.1M avg10.New Hampshire$56.8M avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

6.68%

openings/year

Closure Rate

13.67%

closings/year

Net Job Growth

+4.15%

annual

Businesses Closed

424

in 2023

Firm Count Trend

19
20
21
22
23
4,704 firms5,698 firms

💡 Should You Start a Direct Property and Casualty Insurance Carriers Business?

Startup Cost

$50K – $250K

Break-Even

0 months

5-Year Survival Rate

50.0%

🆚 Related Industries

Insurance Agencies and Brokerages$1.7MPortfolio Management$15.3MInvestment Advice$2.6MMiscellaneous Intermediation$4.2MMortgage and Nonmortgage Loan Brokers$3.3M

Compare Direct Property and Casualty Insurance Carriers revenue with other industries:

vs Insurancevs Portfoliovs Investment