Direct Property and Casualty Insurance Carriers — Average Employee Salary
The average employee in the direct property and casualty insurance carriers industry earns $111,936 per year ($53.82/hour), according to Bureau of Labor Statistics QCEW data.
What Do Direct Property and Casualty Insurance Carriers Workers Earn?
At $111,936/year (equivalent to $53.82/hour for a full-time worker), direct property and casualty insurance carriers wages are significantly above the national average of ~$65,000.
Higher wages in this industry typically reflect specialized skills, professional certifications, or technical expertise required for the work. Employers competing for talent in this space face elevated labor costs.
The typical direct property and casualty insurance carriers business employs 34 people. These are larger operations where staffing represents a major cost center and management complexity.
Wages as a Percentage of Revenue
For the average direct property and casualty insurance carriers business generating $78.6M/year with 34 employees at $111,936 each, total payroll represents roughly 4.8% of revenue. Labor costs are relatively low compared to revenue — other costs (materials, equipment, overhead) dominate.
What This Means for Business Owners
If you're starting or running a direct property and casualty insurance carriersbusiness, here's what the wage data means for your bottom line:
- Per-employee cost: Budget approximately $145,517/year per employee (salary + ~30% for benefits, taxes, and insurance).
- Typical team size: 34 employees = ~$3,805,824/year in base payroll.
- Hourly equivalent: $53.82/hour base — factor this into pricing and project estimates.
- Revenue needed: With average revenue of $78.6M/business, you need strong utilization rates to maintain healthy margins after payroll.
See how these wages compare to total revenue and profit margins.
View full Direct Property and Casualty Insurance Carriers revenue benchmarks →Frequently Asked Questions
- How much do direct property and casualty insurance carriers employees make?
- The average direct property and casualty insurance carriers employee earns $111,936 per year, which is equivalent to $53.82/hour for a full-time worker (2,080 hours/year). This is above the national average of approximately $65,000.
- How many people work in the direct property and casualty insurance carriers industry?
- The direct property and casualty insurance carriers industry employs 449,834 workers across 13,053 establishments in the United States. The average business in this industry has approximately 34 employees.
Source: Bureau of Labor Statistics, Quarterly Census of Employment and Wages (QCEW 2023).