CONTRIBUTION TO THE NATIONAL ECONOMY 
INSURANCE COMPARED WITH OTHER INDUSTRIES

The insurance industry is one of the largest industries in terms of revenue, according to the Department of Commerce. The industry accounted for $1.4 trillion in revenues and $121 billion in payroll, according to the agency’s latest Economic Census.
INSURANCE INDUSTRY COMPARED WITH OTHER INDUSTRIES, 2002


 
Number of establish-ments
Receipts/revenues($000)
Annual payroll($000)
Number of employees
Wholesale trade435,521$4,634,755,112259,653,0805,878,405
Manufacturing350,8283,916,136,712576,170,54114,699,536
Retail trade1,114,6373,056,421,997302,113,58114,647,675
Finance and insurance440,2682,803,854,868377,790,1726,578,817
     Insurance carriers and related activities169,5201,380,082,817120,630,6792,406,089
Health care and social assistance704,5261,207,299,734495,845,82915,052,255
Construction710,3071,196,555,587254,292,1447,193,069
Information137,678891,845,956194,670,1633,736,061
Professional, scientific and technical services771,305886,801,038376,090,0527,243,505
Accommodation and food services565,590449,498,718127,554,48310,120,951
Administrative and support and waste management and remediation services350,583432,577,580206,439,3298,741,854
Utilities17,103398,907,04442,417,830663,044
Transportation and warehousing199,618382,152,040115,988,7333,650,859
Real estate and rental and leasing322,815335,587,70660,222,5841,948,657
Other services (except public administration)537,576307,049,46182,954,9393,475,310
Mining24,087182,911,09321,173,895477,840
Arts, entertainment and recreation110,313141,904,10945,169,1171,848,674
Management of companies and enterprises49,308107,064,264178,996,0602,605,292
Educational services49,31930,690,70710,164,378430,164
Source: U.S. Department of Commerce, Bureau of the Census.