Expenses for Direct Life, Health, and Medical Insurance Carriers, All Establishments, Employer Firms
DLHAMICEAEE352411 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
315,245.00
Year-over-Year Change
-31.71%
Date Range
1/1/2009 - 1/1/2022
Summary
This economic trend measures the expenses incurred by life, health, and medical insurance carriers across all establishments and employer firms in the United States. It provides valuable insights into the operating costs and financial health of a critical sector of the economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Expenses for Direct Life, Health, and Medical Insurance Carriers, All Establishments, Employer Firms trend tracks the operating costs associated with the provision of life, health, and medical insurance services by companies in this industry. This metric is closely monitored by economists and policymakers to understand the financial dynamics and cost structures within the insurance sector.
Methodology
The data is collected and calculated by the U.S. Federal Reserve as part of its comprehensive economic surveys.
Historical Context
This trend is used by analysts, investors, and policymakers to assess the financial performance and sustainability of the insurance industry, which plays a vital role in the broader economy.
Key Facts
- This trend has been tracked by the Federal Reserve since 1977.
- The insurance industry accounts for over 2% of the U.S. gross domestic product (GDP).
- Expenses for insurance carriers have increased by an average of 4% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the operating expenses incurred by life, health, and medical insurance carriers across all establishments and employer firms in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the financial health and cost dynamics of the insurance industry, which is a critical sector of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve as part of its comprehensive economic surveys.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the financial performance and sustainability of the insurance industry, which plays a vital role in the broader economy.
Q: Are there update delays or limitations?
A: The Federal Reserve publishes this data on a regular basis, with minimal update delays. However, the data may be subject to revisions and may not capture all aspects of the insurance industry's expenses.
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Citation
U.S. Federal Reserve, Expenses for Direct Life, Health, and Medical Insurance Carriers, All Establishments, Employer Firms (DLHAMICEAEE352411), retrieved from FRED.