Total Revenue for Reinsurance Carriers, Establishments Subject to Federal Income Tax, Employer Firms
This dataset tracks total revenue for reinsurance carriers, establishments subject to federal income tax, employer firms over time.
Latest Value
96007.00
Year-over-Year Change
110.05%
Date Range
1/1/2009 - 1/1/2022
Summary
This economic trend measures the total revenue for reinsurance carriers that are employer firms and subject to federal income tax. It provides insight into the financial performance and size of the reinsurance 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 reinsurance carriers represents the gross receipts or sales, including services, of establishments primarily engaged in underwriting (assuming the risk, assigning premiums, etc.) insurance policies and annuities. This data point is used by economists and policymakers to analyze the health and trends within the reinsurance sector.
Methodology
The data is collected through surveys of employer firms conducted by the U.S. Census Bureau.
Historical Context
This revenue metric is relevant for understanding conditions in insurance and financial markets.
Key Facts
- Reinsurance is a type of insurance that insurance companies buy to protect themselves from large claims.
- The reinsurance industry generated over $700 billion in total revenue in 2021.
- The U.S. is the largest reinsurance market in the world.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue for reinsurance carrier establishments that are subject to federal income tax and have at least one employee.
Q: Why is this trend relevant for users or analysts?
A: This revenue metric provides insight into the overall size and financial performance of the reinsurance industry, which is an important part of the insurance and financial services sectors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employer firms conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this reinsurance revenue data to monitor conditions in insurance and financial markets, which can inform regulatory and economic policy decisions.
Q: Are there update delays or limitations?
A: There can be a several month delay in the release of this data by the Census Bureau, and the data may not capture all reinsurance activity, as it only includes employer firms subject to federal income tax.
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Citation
U.S. Federal Reserve, Total Revenue for Reinsurance Carriers, Establishments Subject to Federal Income Tax, Employer Firms (REVEF52413TAXABL), retrieved from FRED.