Total Revenue for Agencies, Brokerages, and Other Insurance Related Activities, Establishments Subject to Federal Income Tax
This dataset tracks total revenue for agencies, brokerages, and other insurance related activities, establishments subject to federal income tax over time.
Latest Value
143583.00
Year-over-Year Change
29.92%
Date Range
7/1/2009 - 1/1/2025
Summary
This economic trend measures the total revenue for agencies, brokerages, and other insurance-related establishments subject to federal income tax. It provides insight into the financial health and activity of the insurance industry.
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 total revenue for agencies, brokerages, and other insurance-related activities is an important indicator of the size and performance of the insurance sector. It represents the gross income generated by these establishments, which can signal changes in consumer demand, industry competitiveness, and broader economic conditions.
Methodology
The data is collected by the U.S. Census Bureau through quarterly surveys of businesses.
Historical Context
This trend is used by economists, policymakers, and industry analysts to assess the overall state of the insurance market and its contribution to the broader economy.
Key Facts
- The insurance industry accounts for over 2% of U.S. GDP.
- Total insurance industry revenue exceeded $1.3 trillion in 2021.
- The insurance sector employs over 2.7 million people in the United States.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by agencies, brokerages, and other establishments in the insurance industry that are subject to federal income tax.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the financial health and activity of the insurance sector, which is a key component of the broader economy. It can signal changes in consumer demand, industry competitiveness, and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through quarterly surveys of businesses in the insurance industry.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and industry analysts use this trend to assess the overall state of the insurance market and its contribution to the broader economy, which can inform regulatory and policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a typical delay of 3-6 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Total Revenue for Agencies, Brokerages, and Other Insurance Related Activities, Establishments Subject to Federal Income Tax (REV5242TAXABL144QNSA), retrieved from FRED.