Insurance Industry Market Size & Growth: Revenues & Earnings

The table below lists the total revenues and earnings of the GICS Insurance Industry. The total market size of the industry, measured by revenue, is $697,742.2 million (fiscal 2019). During the previous year, the total revenue was $648,167.6 million. Year-over-year earnings growth (Q4 2019) was 283.90%. The figures has been calculated using all public U.S. companies.* (*Read more from here)

Note about the Q4 2018 earnings: Earnings for this quarter were heavily reduced by significant underwriting losses related to the hurricanes Florence and Michael, Typhoon Jebi and wildfires in California.

Insurance Industry: Total Revenue & Earnings (USD, Million)

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How the figures have been calculated?

The data has been calculated using the current & past Russell 3000 companies. Russell 3000 index represents around 98% of the U.S. equity market. Net income is used as the earnings figure. The year-over-year growth is calculated by dividing the revenue/earnings of a quarter with the figures of the same quarter from the previous year. For any questions about our calculations, please don’t hesitate to contact us.

GICS Insurance Industry

The Insurance Industry is part of the GICS Finance Sector.

The industry is divided into Insurance Brokers, Life & Health Insurance, Multi-line Insurance, Property & Casualty Insurance and Reinsurance sub-industries.

The largest U.S. companies part of this industry are Prudential Financial Inc, Metlife Inc, AIG Inc, Allstate Corp amd Progressive Corp.

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