The insurance industry is a major source of tax revenue on the state and federal level. In 2012 property/casualty insurers and life insurers incurred federal and foreign taxes were about $16 billion dollars. Insurance companies, including life/health and property/casualty companies, paid $16.7 billion in premium taxes to the 50 states in 2012. On a per capita basis, this works out to $53 for every person living in the United States.
INSURANCE INDUSTRY'S FEDERAL AND FOREIGN INCOME TAXES INCURRED, 2008-2012