Direct Property and Casualty Insurance Carriers in Michigan
Revenue benchmarks for direct property and casualty insurance carriers businesses operating in Michigan.
#15 of 50 states-34.9% vs national avg
Average Revenue
$51.1M
per year
Businesses
111
in Michigan
Revenue / Employee
$315K
per year
Labor Cost
30.0%
of revenue
Profit Margin
15.0%
industry average
Market Saturation
1.1
firms per 100K in MI
Total Revenue
$5.7B
all firms in MI
Total Employees
18,018
in MI
How Michigan Compares
National Average$78.6M
Michigan$51.1M
Difference$27.4M (-34.9%)