Total Revenue for Insurance Carriers and Related Activities, Establishments Subject to Federal Income Tax
REV524TAXABL144QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
989,975.00
Year-over-Year Change
27.88%
Date Range
7/1/2009 - 4/1/2025
Summary
This economic trend measures the total revenue generated by insurance carriers and related establishments subject to federal income tax. It is a key indicator of activity and performance in the insurance industry, which is a major component of the U.S. financial services sector.
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 Insurance Carriers and Related Activities, Establishments Subject to Federal Income Tax trend provides a comprehensive view of revenue generation across the insurance industry. It covers a range of insurance-related businesses, including property and casualty, life, health, and reinsurance companies.
Methodology
The data is collected through quarterly surveys of insurance establishments subject to federal income tax.
Historical Context
This trend is closely monitored by economists, policymakers, and industry analysts to gauge the health and growth of the insurance sector.
Key Facts
- The insurance industry is a major contributor to the U.S. economy, generating over $1.3 trillion in revenue annually.
- The insurance sector employs more than 2.7 million people in the United States.
- The COVID-19 pandemic significantly impacted insurance industry revenue in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by insurance carriers and related establishments that are subject to federal income tax. It provides a comprehensive view of the financial performance of the insurance industry.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of the overall health and growth of the insurance industry, which is a vital component of the U.S. financial services sector. It is closely monitored by economists, policymakers, and industry analysts to assess market conditions and inform decision-making.
Q: How is this data collected or calculated?
A: The data is collected through quarterly surveys of insurance establishments that are subject to federal income tax.
Q: How is this trend used in economic policy?
A: Policymakers and regulators use this trend to monitor the insurance industry's performance and inform policy decisions that impact the financial services sector, such as tax policies, regulatory changes, and economic stimulus measures.
Q: Are there update delays or limitations?
A: The data is updated quarterly, but there may be a delay of several months before the latest figures are released. Additionally, the trend only covers establishments subject to federal income tax, which may not capture the full scope of the insurance industry.
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Citation
U.S. Federal Reserve, Total Revenue for Insurance Carriers and Related Activities, Establishments Subject to Federal Income Tax (REV524TAXABL144QNSA), retrieved from FRED.